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.
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.
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.
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:
- 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.
- 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.
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.