The idea of retiring overseas might seem appealing to you with its inexpensive living and the chance for a new adventure. Kathleen Peddicord, publisher of the Live and Invest Overseas site and the Overseas Retirement Letter estimates that 1.4 million American retirees are doing it.
But where in the world should you retire to?
The beachfront Algarve region of Portugal, according to Peddicord’s newly-released (and somewhat surprising) 2014 Retire Overseas Index.
“It’s the most affordable option in Europe for retirees,” says Kathleen Peddicord, publisher of the 2014 Retire Overseas Index and the Overseas Retirement Letter. Her researchers estimate you can live in the southernmost province of Portugal on $1,500 a month. Other pluses: old world culture, some of the best beaches in Europe and stable weather.