I enjoyed the video but I think you might want to mention things like the difficulty in getting "retirement" type visas in Italy and Greece. It is possible but not as easy as other countries. The second issue that really needs to be highlighted is the fact that even if your retirement funds might not be taxed in say the U.S. they will be in places like Portugal. So now your $3000 estimate needs to be net of taxes after the recent changes to the NHR tax scheme.
I fully agree with your comments. Do you know where can I get a list of European countries that don't or have minimal taxes on Social security or pension?
I have retired in Nice France. I live quite well for 3,000 euros a month including rent of a 1 bedroom fully furnished seaside apartment. Some months its more, some months less. Healthcare is extremely low cost and i can get an appointment quicly. No double taxation here.i don't have a car and dont need one.
Lovely scenes and colorful descriptions.... However, it would be so much more useful if you gave examples of which part of the countries you mentioned that you are getting the monthly costs from. The mention of a few different cities for us to research and compare versus naming the country as a whole. Maybe another video?
Good video and my favorite one so far! I think the amount of money that is stated/needed is more realistic for today's expenses. These countries were not a surprise but I love to hear about them in any case. Anyone who has been to Europe also knows that the benefits Jen states here just scratch the surface.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@AlilatTiamiyu The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
We loved Lisbon & what little we saw of Portugal. We're hoping to get to Spain (southern) later this year or early next. My concern is finding someone in either country that can explain how to get a mortgage as well as the other finer points regarding property shopping/ buying in those locations.
Don't rush to buy that is a common American idea. But all my research says it's harder to sell than in US and buying is complex! Rent for awhile till you have roots/knowledge and sure of location.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@@SamsonKempston Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* ...
I would love to retire to Italy. Affordable real estate, etc, etc...but 30% taxes on US social security is a deal breaker...for me. I would appreciate the latest info of Portugal's new tax policies...yep, on social security. NHR is gone.
Another video that recommends the on the cheap, but the underlying question is what is the tax situation for pensioners and the tax changes for 2024? Very few reliable videos or information in general.
If you are a US citizen France is an excellent choice as they recognize Roth IRAs, only tax income not taxed in the US and don't tax pensions. We are looking to move there and had a tax professional do a tax projection for us. We will pay less tax there than we do in rural midwest in the US.
Thanks for sharing. Just beginning to look at France. Keep in mind that every international tax professional will have different numbers than the one before...@@zeitgeist888
@@alexsalamah7140 If asking about France and Soc sec income it depends on if you retain a US residence status and what state you are from. If you live in a state that doesn't tax soc sec and are below the minimum income then there is no tax on soc sec. Otherwise it is the same as living in the US. Total annual income determines the taxable amount if any but once it is taxed in the US it isn't taxed in France.
This video is all but useless for a simple reason: the cost of living varies immensely from one city to another within most countries reviewed. For example in Portugal, presented as the #1 destination, the cost of living in Lisbon is very high in large part because real estate has gone absolutely insane in the last 10 years. On the other hand, living in a small town in Portugal away from the coast can be very cheap. So the whole ranking is almost meaningless.
That's definitely a valid concern. Health insurance can be a complex issue, especially when moving to a different country. It's important to thoroughly research and consider all aspects before making a decision. You can find a lot more information on healthcare and health insurance on our website. For example here's a link to our Healthcare in Portugal page: internationalliving.com/countries/portugal/health-care-in-portugal/.
Far more important is will the country let you in. A US passport will NOT get you the right to reside anywhere in the EU. Only if you can get the essential permits does the cost matter.,
You're right and it's also possible to live in these countries on less than $3000 a month. Here's a list of the most affordable expat havens we’ve found, places where your dollars will get you further than in the US: internationalliving.com/the-cheapest-places-in-the-world-to-live/ We will also be publishing a video in the coming weeks about places where you can live for $1500 a month or less.
@@internationallivingbut murder rates and road toll rates would be higher. Higher chance I’d get killed or injured on the street of Bangkok because traffic is a complete chaos and nobody follows road rules.
It really depends on what you consider living. Personally, I love old history and living in Europe would be a dream since almost wherever you look, you see history. I won’t mind paying double to live in a place immersed in history as compared to just surviving in a cheaper place. When my personal taste changes to where I just wanna hang out on a beach all day, Asian countries will definitely win me over.
I enjoyed the video but I think you might want to mention things like the difficulty in getting "retirement" type visas in Italy and Greece. It is possible but not as easy as other countries. The second issue that really needs to be highlighted is the fact that even if your retirement funds might not be taxed in say the U.S. they will be in places like Portugal. So now your $3000 estimate needs to be net of taxes after the recent changes to the NHR tax scheme.
I fully agree with your comments. Do you know where can I get a list of European countries that don't or have minimal taxes on Social security or pension?
Good question. IL resources might identify this. I will look.
I have retired in Nice France. I live quite well for 3,000 euros a month including rent of a 1 bedroom fully furnished seaside apartment. Some months its more, some months less. Healthcare is extremely low cost and i can get an appointment quicly. No double taxation here.i don't have a car and dont need one.
I hear Montpelier is a good retirement spot. Thoughts?
Thanks for sharing, Rhonda. We love hearing from expats that have made the move overseas!
Do you pay taxes on Social security income?
What residence permit do you have? What does it cost you?
Nice! my happy place. Going back for vacation but thinking of retiring there. Do you speak French?
Lovely scenes and colorful descriptions.... However, it would be so much more useful if you gave examples of which part of the countries you mentioned that you are getting the monthly costs from. The mention of a few different cities for us to research and compare versus naming the country as a whole. Maybe another video?
great video
Good video and my favorite one so far! I think the amount of money that is stated/needed is more realistic for today's expenses. These countries were not a surprise but I love to hear about them in any case. Anyone who has been to Europe also knows that the benefits Jen states here just scratch the surface.
Thank you for your comment Jack, we're glad you enjoyed the video!
Very informative - thanks!
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@AlilatTiamiyu That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@FlorentGulliver My advisor is *MARGARET MOLLI ALVEY* .
*MARGARET MOLLI ALVEY* , lookup with her name online.
@@AlilatTiamiyu The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Which places caught your eye, and why? Share your dream retirement spot, and let's build a list of the best places to savor life after work!
We loved Lisbon & what little we saw of Portugal. We're hoping to get to Spain (southern) later this year or early next. My concern is finding someone in either country that can explain how to get a mortgage as well as the other finer points regarding property shopping/ buying in those locations.
Don't rush to buy that is a common American idea. But all my research says it's harder to sell than in US and buying is complex! Rent for awhile till you have roots/knowledge and sure of location.
@@YogaBlissDance good info & advice
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@@SamsonKempston Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* ...
@@temmyolarewaju9371 Oh please I’d love that. Thanks!
*MARGARET MOLLI ALVEY*
Lookup with her name on the webpage.
When you mentioned $36,000 a year, what currency are you referring to?
I've been to Greece and Portugal. While I liked Portugal, I loved Greece - #1 on my list.
Please mention the tax for US citizens.
I would love to retire to Italy. Affordable real estate, etc, etc...but 30% taxes on US social security is a deal breaker...for me. I would appreciate the latest info of Portugal's new tax policies...yep, on social security. NHR is gone.
I don't hink that's true @musiccreation1198, there is a tax treaty... did you research?
Are you sure? There is a tax treaty, ask a professional.
Another video that recommends the on the cheap, but the underlying question is what is the tax situation for pensioners and the tax changes for 2024? Very few reliable videos or information in general.
If you are a US citizen France is an excellent choice as they recognize Roth IRAs, only tax income not taxed in the US and don't tax pensions. We are looking to move there and had a tax professional do a tax projection for us. We will pay less tax there than we do in rural midwest in the US.
Thanks for sharing. Just beginning to look at France. Keep in mind that every international tax professional will have different numbers than the one before...@@zeitgeist888
Any tax on Social security income?
@@alexsalamah7140 If asking about France and Soc sec income it depends on if you retain a US residence status and what state you are from. If you live in a state that doesn't tax soc sec and are below the minimum income then there is no tax on soc sec. Otherwise it is the same as living in the US. Total annual income determines the taxable amount if any but once it is taxed in the US it isn't taxed in France.
what about regular IRA's?@@zeitgeist888
USD I assume.
I think too many Americans are moving abroad and the cost of living is going up because of it
This video is all but useless for a simple reason: the cost of living varies immensely from one city to another within most countries reviewed. For example in Portugal, presented as the #1 destination, the cost of living in Lisbon is very high in large part because real estate has gone absolutely insane in the last 10 years. On the other hand, living in a small town in Portugal away from the coast can be very cheap. So the whole ranking is almost meaningless.
The problem is health insurance...when you're retired with medical issues you maintain here in 🇺🇸...you won't get that replaced dollar to dollar
That's definitely a valid concern. Health insurance can be a complex issue, especially when moving to a different country. It's important to thoroughly research and consider all aspects before making a decision. You can find a lot more information on healthcare and health insurance on our website. For example here's a link to our Healthcare in Portugal page: internationalliving.com/countries/portugal/health-care-in-portugal/.
Every coutries better then merikan healthcare….$$$$
@@Hmmm313 but you can't get insurance elsewhere as an expat without paying exorbitant premiums when you're in your seventies.
If you can spend 2500USD every month per person, you can retire everywhere.
Thanks for watching! All of the budgets mentioned in this video are for a couple.
Thats 5k for 2. 😢
@internationalliving Jen referenced many times in the videos that her numbers mentioned were for a couple.
Ah it was for a couple!
@@Hmmm313 No THE PRICES ARE FOR A COUPLE OMG....she says it several times in teh video.
First!
Far more important is will the country let you in. A US passport will NOT get you the right to reside anywhere in the EU. Only if you can get the essential permits does the cost matter.,
Just move to asia..you will love it..pay peanuts…
You are so right 😂
I’ll be retiring on half that in portugal . Wtf are you lot spending your money on to need that much
That's 3000 a month. I can live in other countries for half that
You're right and it's also possible to live in these countries on less than $3000 a month. Here's a list of the most affordable expat havens we’ve found, places where your dollars will get you further than in the US: internationalliving.com/the-cheapest-places-in-the-world-to-live/
We will also be publishing a video in the coming weeks about places where you can live for $1500 a month or less.
@@internationallivingbut murder rates and road toll rates would be higher. Higher chance I’d get killed or injured on the street of Bangkok because traffic is a complete chaos and nobody follows road rules.
@pD9hy8N98dc9KwoWu
Every country has its own issues, just stay where you at 😂
It really depends on what you consider living. Personally, I love old history and living in Europe would be a dream since almost wherever you look, you see history. I won’t mind paying double to live in a place immersed in history as compared to just surviving in a cheaper place. When my personal taste changes to where I just wanna hang out on a beach all day, Asian countries will definitely win me over.
@@jrize3228 yes true. We want to visit Europe for a bit but not live. Plus to close to all the stuff happening in that region
Do you know any reliable company or lawyer company that can help me to apply for the Golden Visa in Portugal?