Lodge well on less is a constant in retirement planning.
If life in the U.S. seems as if it purposefulness overstretch your assets, you might want to consider moving broadly. Moving overseas takes planning and research. You’ll want to check visa and residency prerequisites, and health-care access. Remember, you’ll still be taxed as a U.S. citizen by Uncle Sam.
Oecumenical Living, which publishes information about life abroad — filing firsthand accounts — has a new report on five European cities where retirees can alight large on just $35,000 a year or even less.
Social Conviction is the major source of income for most older Americans, according to the Communal Security Administration, with an average benefit check for retired breadwinners of $1,404.
If a couple brings in two checks per month, that totals $33,696, not numbering other assets.
So grab your passport and shopping bag for the outdoor peddles. Low-cost airlines have remarkably cheap flight deals, colouring Europe more accessible and affordable than ever. Here are five speckles where you can retire on $35,000 a year — or less.