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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Portugal named in the top 10 great retirement spots for golfers

U.S. News gathered the list of the best retirement spots for American golf lovers to retire abroad.

Those who like to golf usually look for a retirement spot where they can practise their skill and live a comfortable life. U.S. News writes: “Many people dream of spending their retirement years lining up the perfect putt while enjoying the grass and sunshine. Golf generally helps you get plenty of exercise and fresh air and provides opportunities to meet other golfers and make new friends.”

Those retirement ideal spots can be found abroad, where the cost of living is cheaper than the United States. According to U.S. News, Quinta do Lago, in the Algarve, Portugal is the 8th best place to retire for golf lovers:

“Portugal’s Algarve receives top marks in every category of importance to retirees, including cost-of-living, climate, infrastructure and residency options. In addition, this region is dense with golf courses, including Quinta do Lago. With three award-winning championship golf courses, – the North, South and Laranjal – excellent practice facilities and the only Paul McGinley Academy in Europe, Quinta do Lago makes this corner of Portugal a golfer’s dream retirement choice.”

Great retirement spots for golfers, U.S. News
Great retirement spots for golfers, U.S. News

After being recently named the best region in the world to retire abroad, the Algarve is getting the attention of the press all over the world as we wrote in a previous post (click here to read it). In the Algarve (as well as in the entire country of Portugal) the sunny weather attracts many expats who enjoy the Mediterranean style food, the reasonable cost of living and the overall quality of healthcare and other important services for expats living in Portugal.

The other countries in the top 10 of the best retirement spots for golfers are: Nicaragua, Italy, Vietnam, Thailand, Argentina, Mexico, France, Dominican Republic and Ireland. Click here to see the full list.

 

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