Not in the Top 10
#2
BE Enthusiast
Joined: Nov 2011
Posts: 400
Re: Not in the Top 10
That was an interesting read. 27,000 British people living in Barbados?! I'm totally out of touch with what's going on in the world!
#3
Joined: May 2006
Location: Melbourne - London - Bangkok - Melbourne - Kuala Lumpur - Melbourne
Posts: 658
Re: Not in the Top 10
I think the article seems to be misrepresenting the stats somewhat. Australia might have 1.3 mill expats but the vast majority of them come on skilled migrant visa's. To have any hope of retiring there you will need to pay a bond of $750k, transfer assets of at least $750k and have a guaranteed yearly income stream of at least $65k.
#4
Re: Not in the Top 10
I always like reading these things (thanks ExReg for posting) but take it all with a pinch of salt. For a start off, who the hell is the insurance company who's researched? How did they research?
1. Malta (It's boring. I've heard that from expats. My ageing Aunty who does very little also said it's boring)
2. Portugal - almost bankrupt.
3. Spain - almost bankrupt.
5. USA - you cannot retire there as a Brit. So what are they talking about?
6. Australia - very difficult to retire there, unless you have close relatives to sponsor. And bloody expensive these days I hear.
8. Jamaica - I thought that had a high crime rate??
10. Greece - almost bankrupt.
Anyway, let's not let on about Malaysia. Let's keep it quiet eh?
And what about the Philippines - great retirement visa. What about Panama - supposed to be one of the best retirement schemes in the world. Uurgh it's all a load of tosh IMO.
1. Malta (It's boring. I've heard that from expats. My ageing Aunty who does very little also said it's boring)
2. Portugal - almost bankrupt.
3. Spain - almost bankrupt.
5. USA - you cannot retire there as a Brit. So what are they talking about?
6. Australia - very difficult to retire there, unless you have close relatives to sponsor. And bloody expensive these days I hear.
8. Jamaica - I thought that had a high crime rate??
10. Greece - almost bankrupt.
Anyway, let's not let on about Malaysia. Let's keep it quiet eh?
And what about the Philippines - great retirement visa. What about Panama - supposed to be one of the best retirement schemes in the world. Uurgh it's all a load of tosh IMO.
#5
Joined: May 2006
Location: Melbourne - London - Bangkok - Melbourne - Kuala Lumpur - Melbourne
Posts: 658
Re: Not in the Top 10
Here's another list and Malaysia makes the cut. They are quite fun to read:
http://money.msn.com/retirement-plan...entid=26731158
Colombia could be an interesting choice for the intrepid retiree!
http://money.msn.com/retirement-plan...entid=26731158
Colombia could be an interesting choice for the intrepid retiree!
#6
Re: Not in the Top 10
That one seems to be geared for Americans eh. I think some countries perhaps perceived to be a bit dodgy can be OK if you know where to go. My OH did some work in Colombia many years ago, just a trip of a few weeks, and he absolutely loved it there... great fun. You need Spanish though, don't you.
When I lived in Thailand, I was corresponding with a lady also in Phuket and also fed up with Phuket. I ended up in Malaysia of course. She and her husband went to Mexico.... quite a journey. I got an email from her the other day and she's still loving it there and very happy and settled - been there about 4 or 5 years.
What amazes me is how so many expats still move around during retirement, trying out different places, much like they did during working expat life. I guess we are all nomads.
When I lived in Thailand, I was corresponding with a lady also in Phuket and also fed up with Phuket. I ended up in Malaysia of course. She and her husband went to Mexico.... quite a journey. I got an email from her the other day and she's still loving it there and very happy and settled - been there about 4 or 5 years.
What amazes me is how so many expats still move around during retirement, trying out different places, much like they did during working expat life. I guess we are all nomads.
#7
Forum Regular
Joined: Aug 2012
Posts: 50
Re: Not in the Top 10
Are places that are almost bankrupt good for retirement? The locals would value the hard currency. Of course, money should be brought into the country in small amounts just in case the currency becomes almost valueless.
#8
Joined: May 2006
Location: Melbourne - London - Bangkok - Melbourne - Kuala Lumpur - Melbourne
Posts: 658
Re: Not in the Top 10
Not if you value things like investment in infrastructure, healthcare and political and social stability.