This will depend on the individual requirements of each client and their balance of spending on housing, healthcare, food and drinks as well as entertainment objectives.

Thailand offers multiple long-term visas for retirees. The affordable LTR visa requires a minimum income or investment but allows work permits. The Elite visa, with a higher upfront fee, offers extended stays and perks but limits work options. Consider your budget and work needs to choose the best fit.

Yes, and places like Thailand, Malaysia and The Philippines all have a number of expat retirees living there already with their specialised retirement programs.

Various countries offer permanent residence options in return for a qualifying investment or some other benefit (e.g. bringing funds to the country or establishing a business).

Different countries have different rules for pension payments. For example a UK State Pension will only increase each year if the recipient lives in the European Economic Area (EEA), Gibraltar, Switzerland or countries that have a social security agreement with the UK (note: you cannot get increases in Canada or New Zealand. There will be no yearly increases if the recipient lives outside these countries. https://www.gov.uk/state-pension-if-you-retire-abroad In the USA, Social Security pension is still paid even when overseas. As a United States citizen, a recipient may receive their Social Security payments when living outside the United States as long as they are eligible for them. This applies to most overseas destinations. https://www.ssa.gov/international Your work or personal pension scheme may have a different arrangement. Contact your pension provider for specific information about moving abroad.

An expatriate or expat is a person who moves from their home country abroad – sometimes temporarily or often permanently. Retiring abroad has become an increasingly popular option. A growing number of people are choosing to live in another country after they retire. Some are looking for something new and exciting and some are looking to improve their standard of living or perhaps to enjoy a better climate, maybe even a healthier lifestyle or better healthcare or affordable nursing care.

Visa and residency requirements vary and for some people this whole process can be quite daunting as there are so many destinations available and so many factors to consider. Harvey Law Group is a professional immigration law firm and as such, has an obligation to advise a client on the destinations and programs most suited to their retirement goal. It is highly recommended that you work with a qualified attorney when making plans for retiring abroad.

For most countries, retirement visas are currently offered to those who are over the age of 55 with a specific monthly income which varies from country to country.

For many people approaching their golden years, retiring abroad is rapidly becoming an achievable goal as more countries are offering a wide variety of visa options. An increasing number of people are starting to make a reality out of their dream of retiring overseas as there are opportunities for varying budgets and lifestyle choices. Retiring abroad has a number of benefits and depending on what is important, this could be to enjoy a new culture, perhaps travel to new places, enjoy a warmer climate, this list is endless.

Living overseas offers many perks, including a lower cost of living, new experiences, a better climate, and access to affordable healthcare. Meanwhile, remembering that retiring in a home country offers stability and convenience, and family and friends nearby all while staying in your comfort zone. Retiring abroad is an important decision.

Tax laws vary from country to country and clear, professional advice is needed from a tax consultant. Even though one may be living in another country, one may find that taxes back home are still due.

This depends on which destination is of interest. Many retirees like to think about accessible, affordable healthcare which can be found in many overseas destinations. Fortunately for most countries, income can come from a variety of sources, including a pension, social security or income from investments.

A will made in a home country will not necessarily deal with assets in the same way because of local laws. Therefore, it is important to make a will in every country where assets are held.

Retiring abroad requires careful planning. Consider visa options, healthcare quality, cost of living, language barriers, climate, natural disasters, infrastructure, currency fluctuations, taxes, transportation, ease of travel, time zones, communication, food, political and economic stability, religion, pollution, housing options, desired lifestyle, volunteer opportunities, and the expat community size.

It is advisable to do some research to find out what healthcare options are available in the destination country. It may be different to what is allowable in a home country and it may be better and more affordable. In many countries, there will be some costs involved in healthcare and health insurance may be required at first, or you may be asked to pay some of the cost of treatment or even the full cost of any medical treatment.

Generally, retirement visas programs have a minimum age limit. This is to ensure you’re truly retired and won’t be competing in the local job market. Most countries set the bar somewhere between 50 and 55 years old.