Ireland
It is fantastic that Ireland can offer such cost-effective accommodation as this country is a firm favorite of retirees due to its magnificent castles and rich heritage as well as how welcome guests to Ireland are made to feel by the warm, friendly and affable populace. Having a retirement home in Ireland means that you are just a hop, skip and jump away from the U.K and countries and cities in Europe. There are more pricey locations in Ireland that you may want to avoid, so stick to looking for a permanent home in the more affordable County Mayo and Roscommon areas for example.
Ireland
In these locations, you are looking at spending around $100 000 on purchasing a retirement home. Ireland has top-notch healthcare and you will be well looked after in well-equipped hospitals if needs be. Bear in mind that if you are not a citizen of the EU that you may be required to have health insurance, so factor this additional expense into your costing. You will be able to remain resident for 3 months on a ‘D’ class visa before you can then show the government that you are ‘a person of independent means’. This means, of course, that documentation will need to be provided to show that you are financially independent and can access at least $58 000 per year from retirement savings for living expenses.
Chile
Chile offers the retiree more than just low-cost living. This country is renowned for its sublime beaches and tranquil mountain top views. The many locations available for retirement living are so well priced that your retirement savings should even enable you to splurge a couple of times a month for dining out so you can savor the local cuisine as well.
Chile
All you need is a regular visa that you can exchange for a retirement/income visa once you are settled. This visa means that you can stay for a year but it probably makes more sense to apply for a permanent residency after 6 months in Chile – which you can also do. There is no need to be overly concerned if you are retiring with fewer savings that you would have liked, as you do not need to confirm a minimum income withdrawal per month. A low $1000 should secure you a small retirement home or apartment in any area as all have a very low crime rate.
