Want to retire out of country.Safe,good Med.,Double American money,need to know exchange rate of country given

Question

Close to US incase Med emergency,Need to know Real Estate market,Buy and rent.Is citizenship needed,dual citizenship?How does that work?Pros and cons of living out of country.Any info would be GREAT

Answer 1

Close to the US you have only two real choices, Canada and Mexico. Unless you are willing to live on an island.

Here you are in the Europe part of the site, so most people here live in, or like, Europe.
I think you will find that health care in most European countries is at least as good as what you would get in the US for the same money.

In England you would not need to learn a new language, in Spain you would find whole towns geared to elderly people from England and other northern European countries who live there because of the warm winters, (a bit like Florida) with health care given in English.

If you want to live in a country where your money will go a long way you will find that you need to learn a language that is not related to English, like the Slavic languages, if you want the language to be easy to learn, or English, your money will be worth less than in the US.

If you move in as pensioner, and are over 65, most people do not bother to get local citizenship, as the biggest need for it, work permits, is not needed.
If you bring enough money you are welcome to live in almost all countries, on a residency visa, without bothering with integrating or getting citizenship.
And if you want to be able to return to the US in case of need, medical or other, having an other nationality makes it much harder.

If you are able to retire at a much younger age, you will need to prove that you have a lot of money, or a good pension plan, so that the country you choose to go to knows that you will not be a burden on the country in the future.

Search your prefered countries and visa, or go to the site of the embassy of consulate of the country you are thinking about.
Each country has info.

But remember that in Europe your dollar is worth less than in the US, at least in western Europe.

Answer 2

I am an American who lives part-time (6 months per year) in Hungary. My husband is still a Hungarian citizen as well as an American. It helps allot because Hungarian is a very difficult language. True many of the younger people(30 and younger) speak English pretty well.
We purchased an apt. here last year. It is in Budapest and in a good working class neighborhood near the train stat ion and pretty much a centeral location. It is 50sq. meters. Not real big but good for the two of us.It cost around $65,000.USD.It does need a bit of remodeling in the bath and kitchen. Shouldn't be more that another $5,000. to fix at most
The dollar is weak now but you can still get by on American social sercurity.
We pay cash for doctors and dentists here.It is getting more expensive but still very reasonable
There are many ex-pats here. I just choose to hang out with the locals since my husband is friends with them.
Anywhere in Centeral Europe is nice I think. Hungary has many American resturants and shopping malls. Lots of beautiful spas for wellness and swimming. I love it here. I wish I could stay all year long but not totally retired yet. Good luck, I would suggest a visit before you make a big move.
Also right now the exchange for the USD is around 180 forint. the Euro is 245!

Answer 3

as the previous answerer said, the dollar is worth less in western countries. Also i can't say anything about the western countries. I live in romania and i can say if u go to central europe ( i mean from Hungary eastwards) u will probably hit a tough language barrier, only the young ones, like me, know english to a reasonable degree.

Also, concerning prices it's all very cheap in Romania, but it won't last for long, with all this EU membership. Corruption is high though.

Also, i watched a documentary/movie named Sicko recently ( don't wanna comment on it, cause i don't have any other info on those stuff but if u didn't watch it... u need to do it, as u're an american u probably know more than i do about the theme of it)

Answer 4

I have heard that Costa Rica is an inexpensive place to live and that you can live there on your Social Security.

Answer 5

hey sorry i am not going to get you the exchange rate but Bulgaria is nice and hot and you will get good ex on your dollars, even in their current climate.