US News explains why Lisbon is a perfect place for retirement

Affordable and safe, a cosmopolitan city with good weather and nice beaches. As the dollar gets stronger, you should really consider Lisbon as a retirement destination, says US News.

A couple stands while looking at the city of Lisbon

We have mentioned in the past how cool Lisbon is and innumerous reasons to move there. While places like Algarve have already made the headlines as a top destination for retirement abroad, Portugal’s capital should not be forgotten. Here are the top reasons to retire in Lisbon, as US News points out:

Touristic attractions: as one of the oldest cities in Western Europe, this city offers multiple outstanding places to visit, such as Jerónimos Monastery, Tower of Belém and Praça do Comércio.

A charming city: as US News puts it, “Lisbon offers the same Old World cosmopolitan flavor” as other better known European capitals, but with good weather, and pleasant, clean beaches.

Affordability: Lisbon is one of the most affordable capital cities in Western Europe. The quality of life you get compared to the cost of living is unmatchable.

Healthcare: Lisbon ranks high also when it comes to healthcare quality, and counts with some of the best health specialists in Europe. Plus, medical care is considerably more affordable in Lisbon than in the USA. Language is not a barrier: most doctors and medical staff speak English. If you are considering visiting or moving to Portugal and want to better understand how to access healthcare services, we can help.

Safety: Portugal stands as one of the safest and most peaceful countries in the world. Even in its capital, crime rate are low.

Language: There is an established English speaking community in Lisbon, and English is the second most spoken language throughout Portugal.

Cultural and recreational activities are also mentioned by US News, and moving to Portugal is now easier thanks to the Non Habitual Regime and Golden Visa status. You can read the full article – that concludes by describing Portugal as a “welcoming haven”.

There are many other unique characteristics that render Lisbon a great choice for foreign retirees. Keep visiting our blog to learn more.

 

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The Washington Post’s financial guide to retire abroad

Following our previous blog post about why Americans should retire to Portugal (click here to read it), we are now sharing an article from The Washington Post with a financial guide to retire abroad.

Plan a retirement abroad requires careful planning and many places can be cheaper than the United States.
The financial guide from The Washington Post includes the following topics that prospect retirees should take into account before making the decision:

  • Easy residency programs for foreigners – In Portugal, the Golden Visa residency program makes it easy for foreigners to buy property and establish residency in the country with tax benefits
  • Cost of living and lifestyle – “(…) in the Algarve region of Portugal, named the most attractive place to retire abroad by Live and Invest Overseas, a retiree could live on $1,410 a month, including $600 for rent.”
  • Healthcare – Medical Port can help you with this. We have special healthcare solutions for foreign residents in Portugal that have health insurance or not. The For Health card is a solution for those foreign citizens who live in Portugal and have healthcare needs that aren’t usually covered on health insurances.
  • Bank accounts – It is advised to keep a bank account in the home country and another in the country where you are retiring.
  • Social security – Portugal is one of the countries where American citizens can move and still receive their social security benefits.
  • Pay taxes – Retirees will still need to pay taxes in the United States.
  • Buy property – While some countries make it hard for foreign citizens to buy property, others – like Portugal – make it easy like any other national citizen would.

Spend the retirement years in a foreign country is an exciting idea for many Americans who look for better weather, affordable cost of living and the opportunity to experience a new culture.

Portugal is becoming increasingly popular as a retirement destination and has received for the past few years the top places on the best retirement abroad rankings (click here to read more about it).

To learn more about Medical Port’s solution for healthcare for foreign citizens in Portugal, the For Health card, click here.

Read the full article on The Washington Post, by clicking here.

 

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Where Americans should retire?

Financial Advisor magazine says Portugal should be the first choice for Americans to retire, outside of the United States.

As life expectancy grows, the number of retirees of wish to spend their retirement abroad rises. For those Americans who dream of retiring abroad, the choice of the ideal place may be difficult to make. Proximity to the home country, cost of living, language, safety and climate are some of the aspects prospect retirees must take into account when choosing their retirement spot abroad.

Financial Advisor magazine says Portugal, specifically the Algarve region should be the top choice for Americans to retire and there are plenty of reasons to support this statement: “Portugal, takes top honors, thanks to its low cost of living, low cost of real estate, great weather, established expat community, new retiree residency program and endless options for how to meaningfully fill the days and evenings.

The magazine article adds another two very important reasons why Americans should chose the Portugal for retirement:

  1. English is widely spoken which makes it possible to live in Portugal and speaking only in English – this may be especially advantageous for older people who don’t want to learn a new language.
  2. Portugal is “one of the safest places on earth right now” to live and also to visit as a tourist.

Portugal has been considered for the past few years as one of the best places to retire abroad and the Algarve region was named twice as the best region to retire in the whole world. Click here to read the latest news about why Portugal is a great place to retire.

For Americans Portugal holds another advantage: it is the closest European country from the United States and daily 6-hour flights can take Americans to Portugal.

Read the entire Financial Advisor article, here.

 

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The Algarve region, in Portugal, named the best place to retire abroad

For the second year in a row, the Algarve is considered the best place in the world to retire abroad.

Last year, the publication Live and Invest Overseas awarded the Algarve with the first place to retire abroad, and this year the publication decided that the best place to retire continues to be in Portugal. In the Algarve, it is possible to live well with $1, 410 a month.

It’s not the cheapest destination, but it’s the destination that offers a better balance between cost and quality of living.

According to Live and Invest Overseas “This region on the coast of Portugal has held the top spot for two years in a row thanks to its low cost of living, affordable real estate and pleasant weather. The area was highlighted for having mild temperature year-round, with temperatures usually staying below 80 degrees Fahrenheit.”

The author of Live and Invest Overseas, Kathleen Peddicord, recently wrote an article on the Huffington Post on how to retire in Portugal, calling it a “sunny European paradise”. One of the strong points of retiring to the Algarve, according to the author is: “Unlike many sunny paradises, however, the Algarve is not a little island in the middle of no place in the sea. It is attached to the Old Continent and reachable by car from Lisbon and points farther north. You can also fly from the U.S. East Coast in short hops, as few as six hours to Lisbon from Boston, for example, where many flights originate thanks to the Portuguese diaspora. From there, a three-hour drive takes you to the south coast resorts.”

One of the advantages the author points is the quality of healthcare in Portugal: “One more driving advantage for this region is the standard of healthcare on offer, which is both modern and innovative and personalized and humane.”

Here is the list of the 10 best places to retire around the world:

  1. Algarve, Portugal
  2. Puerto Vallarta, Mexico
  3. Cayo, Belize
  4. Languedoc, France
  5. Abruzzo, Italy
  6. Medellin, Colombia
  7. Hua Hin, Thailand
  8. Chiang Mai, Thailand
  9. Cuenca, Ecuador
  10. El Valle, Panama

Since the raking was published, many journalists around the world have been talking about it and highlighting what Portugal has to offer to retired people.

CBS News, the Huffington Post, Forbes, the Washington Post are some of the newspapers who wrote articles about the Algarve as the best region in the world to retire.

Common reasons to why Portugal is a great place to retire are the cost of living, natural beauty, safety, and mild temperatures all year-round.

Medical Port offers top quality medical solutions for foreigners who retire in Portugal and whish to access medical care. Our solutions include access to consultations, exams and surgeries at internationally certified private healthcare facilities throughout the country with experienced medical staff and top notch technology.

 

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Best places to retire abroad – Portugal

Retiring abroad is becoming a reality for many pensioners around the world. With the growing mobility of citizens from all countries it is now easy to live abroad not only for young workers but also for senior citizens.

The American Association of Retired Persons, most commonly know as AARP, explains in an article the advantages of retiring in Portugal, highlighting Lisbon and Cascais area:

A plenitude of golf, beaches, resorts, and trendy café life makes Portugal one of Europe’s most pleasant surprises. Costs are lower than in other parts of Western Europe. Lisbon is a grande old dame of a city, where traditional mournful fados are still sung in candlelit taverns; but most expats gravitate to the postcard-pretty resort towns of Estoril and Cascais on the Atlantic coast, 15 miles west of the capital.

The best places to retire in Portugal depend on the preferences, there’s something for everyone to enjoy. Retirees can enjoy the vast cultural activities in the area of the capital, where it is likely virtually everyone will talk to them in English. If the preference goes toward a quieter place near the beach, Portugal has around 400 miles of coast, so there are plenty of places to retire in a beach community in Portugal.

AARP, features some facts about Portugal, such as the climate, which they describe as “Temperate, with warm-to-hot summers and pleasant winters, some rain.” The fact that there is a mix of international people living in Portugal and in Cascais there are “several hundred of U.S. expats”. Healthcare is rated as good. Regarding the cost of living the example is a dinner for two for $40. In terms of cultural activities, AARP emphasizes “Castles, museums, music festivals, even English-language theater; also golf, outdoor activities.” Read the full article here.

Come to see with your own eyes what AARP is saying about Portugal. We feel confident you won’t be disappointed when you spend a few days here and you will want to come back!

You can also check American blogger Roam About Mike, and his most recent blog post about Portugal (he has a few and all of them are pretty awesome).

 

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Health promotion in the workplace

When thinking about workers well-being companies are increasingly deciding for health prevention instead of disease management.

For many years, resources were spent in dealing with employees’ health problems, but now companies are shifting for a prevention model.

Many employers are creating health prevention programs to encourage their employees to become healthier by making healthy choices.

Prevention policies and programs are often cost-effective, reducing health care costs, and improving productivity. It is believed that “With better health, adults are more productive and at work more days” since diseases like asthma, high blood pressure, smoking and obesity can “reduce annual productivity by between $200 and $440 per person”, according to the US National Prevention Strategy.

Everyday prevention is being promoted in small actions like taking the stairs instead of the elevator, taking a break at work, providing healthy meal options, or offering paid gym memberships. Busy lifestyles often make it difficult for people to schedule time for activities that support their well-being, both at work and out of it, leading to increased stress levels. Most people also find it hard to arrange time to do health assessments and work on health prevention. Health prevention should be a priority not only for individuals, but also for companies looking to keep their employees engaged and healthy, improving the length and quality of their lives. The European Agency for Safety and Health at Work issued a report on work-related stress and its costs, finding that mental disorders caused by stress constitute 30% of early retirements in Sweden and Germany.

Medical Port developed corporate health prevention programs for companies who would like to assess their employees’ health while taking the opportunity to relax (through mindfulness programs) and team building during short trips to Portugal. The programs include individual health check-up exams and psychological evaluation and a corporate health status report, all in English. These programs are aimed at individuals with high levels of responsibility and consequently with higher work-related stress. If you would like to know more about Medical Port’s Corporate Health Prevention programs, visit our website or contact us.

 

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