As I am writing this article in January 2014, the United States and Canada are experiencing freezing weather conditions not seen for decades. So, it’s not surprising that International Living’s list of the world’s best places to retire in 2014 is getting so much attention. After all, the locations that they mention – Panama, Ecuador, Malaysia, Costa Rica and Spain – are bathed in sun for most of the year!
Many women over 60 dream of retiring abroad, and there are many wonderful countries where you can often enjoy a richer retirement lifestyle at a lower cost of living than in your own homeland. But if you want to retire abroad, how do you get started? How do you take the first step to making your retirement dream a reality? Here are a few questions that everyone should ask prior to moving abroad for retirement:
Many women over 60 are getting ready to retire, if we haven’t retired already. But our generation of women is reinventing retirement in a way that would be unrecognizable to our parents’ generation. For many of us, our “golden years” are not going to be spent sitting quietly on rocking chairs watching TV. Instead of being sedentary, silent and shut away from the world, women over 60 are approaching our retirement years with a new spirit of focus, purpose, energy and ambition.
Women over 60 are facing a unique set of challenges as we enter the traditional “retirement” years. We are living longer than ever before, and we have more interests and life goals (and we have more energy and freedom to pursue them) than many previous generations of women had at this age. These are all “good problems” to have. The question is: how are we going to afford to pay for all of it?