Determinedly choosing your retirement age in the United States is a very important step towards living your Social Security golden years in a better way. Any of the States within the United States can be a good place to live, but there are many people who prefer to live abroad. This is due to personal choice, so we should know that we have all kinds of options.
There are many people who think that you can’t collect your retirement while living abroad. The truth is that you can live outside the United States and have your monthly Social Security benefit without any problems. The only mandatory element is to have paid your taxes inside the USA when you were a worker.
So, if you are thinking of moving abroad when you start collecting your Social Security, these places are perfect for a peaceful and secure retirement. In addition, also keep in mind that dollars will be worth more in these places, since most of them have less purchasing power. Therefore, our average benefit could last longer if we live in one of these countries.
Foreign countries to live in with Social Security
This list is based on data from GoBankingRates, which provides studies on the most peaceful places to live. Choose the one you like best and check to make sure your Social Security check can cover expenses there.
- Canada. Without a doubt, Canada is one of the best and most peaceful options for retirement living outside the United States. You won’t need to make a big trip to get here. Also, Canada is number 12 in the ranking of countries with less violence, so it is a very good option.
- Iceland. Although it is farther away than Canada, Iceland could be considered another very good option. In addition to the fact that it is not an overly expensive place to live on Social Security alone, Iceland has a very low crime rate. Therefore, you can live a very peaceful retirement there.
- New Zealand. Another European country on the list to live peacefully in retirement. The Social Security check may not be enough for many retirees, but it is worth it for the peace of mind that exists here.
- Japan. The peace and quiet index in Japan is quite high. In fact, it is number 10 on the list of the most peaceful places in the world. The biggest problem of this country is its language, so different from English. On the other hand, the prices are not usually very high, so an average Social Security benefit could be enough to live here.
In short, if you are thinking of starting to collect Social Security and living outside the United States, one of these places may become your next destination. Choose well and wisely to avoid another move in the future.