Retirement PlansGetting ready to retire; you might want to consider packing your bags. According to the social security administration just under 400,000 American retirees are now living outside of the U.S. The number grew 17% between 2010 and 2015 and is expected to increase even more over the next ten years as more baby boomers retire. The people heading out to see the world cite the cost of living as one of the biggest reasons for trying something new. They say it’s impossible to live on a fixed income in most major cities in the U.S. and that doesn’t appear to be changing anytime soon. So they are heading to countries such as Canada, Japan, Mexico, Germany and the United Kingdom. Besides cost of living, retirees have also found it cheaper to hire a little help for cooking and cleaning and provide long term care. Another perk for living abroad? The cost of health care. Retirees say socialized medicine in other countries has dramatically dropped their costs even for things such as operations and medication. Besides, it’s never too late to see the world.
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