Many people dream of retiring to Europe or South America. Popular destinations like Argentina, Belize, Costa Rica, and France (especially, thanks to a weaker euro) might offer lower costs, warmer weather—good health care, too. But a vacation to one of these attractive locales isn't the same as the reality of relocating.
Retiring abroad isn't always easier, or less expensive, than staying in the U.S. (Tweet This)
Many people share the common misconception that life abroad will be as stimulating and fun as being on vacation, says Oakland,California-based financial advisor Cathy Curtis. "A vacation mindset is different from a day-to-day living mindset. It's important to analyze a location as a place to live long term instead of a place to visit for a couple of weeks."
Before packing your passport for a permanent move, financial advisors suggest preretirees focus on a few key factors: