What is the best country to retire with $150,000?
These places offer safety, scenery and a lower cost of living than most countries in Europe. Read on to find out just where you should retire if you have $150,000 or less in your bank account.
In 2020, European retirees receive average monthly social security payments of $ 1,503, or just $ 18,036 for the year. This is barely enough to afford a decent life, especially when the elderly face health costs of over $13,000 a year. But what if you didn’t retire in your country? Health care, housing and daily expenses are much cheaper in other countries. And don’t forget, you still have time to prepare by talking to an expert. Facet Wealth’s Certified Financial Planners have strategies only for retirees, and they are required by law to put your best interests first.
20. Czech Republic
The Czech Republic is known for its old world castles, medieval towns, beautiful architecture, and frozen local beers. This photo of Prague, the capital city, is enough to make you day dream.
Thanks to its low cost of living and growing expat population, the country is an increasingly popular retirement destination. With the influx of people, more and more businesses are opening up in Czech cities. Apartments are cheaper in Prague than in other European capitals, although foreigners are often excluded from rent-controlled apartments. The high quality health care system is also quite inexpensive.
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