Choosing where to retire will be one of the most important decisions in your financial life. Most people want things like nice weather, favorable taxation, and access to health care. Proximity to family may also be an important factor. The details will vary from person to person, but there is one common concern. That’s the cost of living.
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Having a fixed income means it’s important to choose a retirement location you can afford. However, his $10 million nest egg gives him more flexibility and destinations beyond the typical Florida retirement village. GOBankingRates spoke to real estate agents and other experts to find out where to retire on a $10 million budget.
cannon beach, oregon
“From marine life and Haystack Rock to fine dining experiences, arts centers, and resorts, Cannon Beach serves as the perfect retirement destination for seniors who want to live in style and in style,” the licensed said Jack Rockwell, real estate agent and owner of The. Rockwell Group.
In addition to its stunning natural beauty (Rockwell said the monolithic rock formations there are reminiscent of Greece), Cannon Beach’s proximity to Seaside, Astoria and Rockaway Beach makes retirees You’ll have access to everything the Oregon coastline has to offer.
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Hua Hin, Thailand
Rockwell’s second choice is to live abroad in Hua Hin, a town about 200 kilometers south of Bangkok. According to Rockwell, Hua Hin has “all the perks of retiring in Thailand, including world-class healthcare, resorts, senior care facilities, and spectacular powder-white beaches.” .
Foreigners cannot own land there, but they can buy beachfront condos with resort-style amenities such as fitness centers, pools, hot tubs, restaurants, and landscaped gardens. Thailand recently introduced a 10-year retirement visa for people over 50, which will significantly reduce the time and money retirees spend on the hassle of frequent visa renewals.
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Santa Fe, New Mexico
Joshua Martin, a licensed real estate agent and owner of Atticus Home Buyers, says Santa Fe is a retirement “gem.”
“The city’s picturesque landscape, warm climate and abundance of outdoor activities make it an ideal location for retirees seeking a unique and fulfilling retirement experience,” Martin said.
With an average of 283 days of sunshine per year, this warm climate is a big plus for highly active retirees, as it allows them to get out of the house whenever they want. It also boasts a large community of people 65 and older.
portland oregon
Martin’s second choice was another Oregon destination: Portland. “This stylish, eco-friendly city offers the perfect blend of outdoor beauty and cultural charm,” he said.
Portland is one of the strongholds of America’s craft brewing movement and has a great food scene, making it an attractive option for retirees who love food and drink.
Although it may not have as many sunny days as Santa Fe, Portland has a mild climate. Summers are not very hot and winters are not very cold. There’s plenty of nature and outdoor activities nearby, so there’s plenty to do when the weather is nice.
Santa Barbara, California
“Santa Barbara has great beaches, a Mediterranean climate, and a thriving cultural scene,” says Mike Chiu, real estate agent and owner of GoodAsSold Home Buyers. “Although this city exudes sophistication and relaxation, it is important to note that living costs and real estate values can be relatively high.”
Although the cost of living is high in coastal California, most retirees should be able to make ends meet with a budget of $10 million. Hikers, golfers, beach lovers, and wine lovers will find plenty to love.
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lisbon, portugal
Qiu’s next choice is an overseas destination. “Lisbon is becoming increasingly popular among retirees due to its rich cultural experiences, favorable climate and low cost of living compared to many cities in Western Europe,” he said.
Portugal offers a golden visa program, which requires a large upfront investment, but with a $10 million nest egg, that shouldn’t be a problem. Living in Portugal offers another great benefit for retirees. It is a universal health insurance system.
It’s clear that having a large retirement fund gives you the flexibility to retire comfortably in popular destinations or off-the-beaten-path locations. It has everything you can dream of: coastal living, big cities, high deserts.
But without that money, you may have to settle for a less-than-ideal retirement location. So start planning and saving now so you too can retire happily in your dream destination.
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This article originally appeared on GOBankingRates.com: Real estate agent: Here’s where you’d retire with $10 million