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Top Retirement Destinations

Top Retirement Destinations:: Where to Live your Golden Years in Luxury

Tampa Bay Beach Area of Florida

Settling at a new destination that best suits your priorities, lifestyle and dreams after the age of retirement comes with its own set of benefits, as well as, the challenges. Consequently, the demand for good retirement destinations and luxurious care services has skyrocketed.

Today, there are a number of luxury retirement options available for those retirees who have worked hard and planned well to taste some of the finer things in life. So for those who have retirement on their minds, here are some luxury retirement communities which may align best with your personal vision of the golden years and also with your bank account.

Tampa, Florida, USA

As a luxury Gulf Coast retirement destination, retirees flock to the Tampa area in Central Florida because of some special features that makes it one of the best places to retire. For starters, the climate here is comfortable with easy access to top-notch health care in Sun City Center and other nearby hospitals.

Also living in Tampa is like being on vacation all year round, with the city itself being a major cruise terminal and the Tampa cruise port a convenient embarkation point for those seeking a sunny holiday to all corners of the Caribbean.

Panama City, Panama

Thanks to the Panama Pensionado or Panama Retirement Visa, recipients are granted a number of enviable discounts and hence a well-developed community of European and American expats have pitched up on the coastal haven of Coronado.

With an affordable, yet a high standard of living, opportunities abound for retirees in every sector all over the country, with fewer restrictions on trade and business as compared to most of the neighbouring countries.

Additionally, an efficient local law firm can easily help you navigate through the steps to those looking to choose Panama as their relocation destination, including all related issues like visas, investment, real estate etc. to gain legal residence.

Porto, Portugal

From Lisbon’s bustling neighborhoods to the pristine beaches of the Algarve, Portugal has become an enduring favorite among retirees because of the diverse range of lifestyle options.

From as low as $2500-$3000 can live in style at popular expat hubs like Porto and the Algarve. This however depends whether you rent a home or purchase one outright.

Despite the higher cost in major cities, a luxury experience like enjoying a glass of wine in an upscale hotel is still affordable at €3 per glass.

Having both public and private health insurance ensures comprehensive coverage at a fraction of what it would cost in the US.

Atenas, Costa Rica

Home to 6% of the world’s biodiversity, Costa Rica attracts those seeking both adventure and retirement in a laid-back but extremely luxurious lifestyle. Couple this with the charm of the local Ticos, and you have a true gem in Costa Rica.

While your lifestyle plays a significant role in your cost of living in Costa Rica, couples can live lavishly on $2500 per month with the Central Valley is the most popular among retirees in terms of a cooler climate, quality healthcare and low cost of living.

The public healthcare system is excellent, though appointments can ask for early arrival and long waiting time.

Residency in Costa Rica can be time consuming but is manageable. While US and Canada citizens can stay for upto 180 days without a visa, others can opt for the Pensionado Visa or the Rentista Visa. You can get permanent citizenship after three years of legal residency.

Cozumel, Mexico

Retirees to Mexico are spoilt for choices as from the beaches of Riviera Maya to the colonial streets of San Miguel de Allende there are endless options of affordability, warm communities and rich culture.

Retirees choose to shift to this country with a large and friendly expat population throughout the country that assists newcomers in navigating their way around to a place that suits their needs.

Riviera Maya is the crown jewel in Mexico’s tourism but is still very much affordable, with a one bedroom apartment by the beach costs just $500 per month while a mansion could cost around $2000 per week.

Overall Mexico ticks all boxes, whether it is the friendly locals, doctors who care for their patients and quality care for a fraction of the cost. Even digital nomads prefer to spend as much time as possible working remotely.

Madrid, Spain

Spain has become a sought-after destination by retirees because of its good weather, delicious cuisine, relaxed lifestyle and importantly, the affordable cost of living.

A modest studio apartment in an upscale neighborhood costs about $911 per month in one of the most luxurious cities in Spain plus utilities of about $107, while in some small towns along the Mediterranean coast you can rent one for $429 per month with a sea view.

Spanish health insurance at $233 per month is a revelation as it covers everything with no deductibles and little co-pays. A permanent residency visa is automatically issued after five years of residency.