The Pros and Cons of Retiring Abroad

Retiring abroad can lead to financial rewards — but tax headaches.

A couple smiles on the railing of a boat.
(Image credit: Getty Images)

Retirement is one of the most exciting phases in a person’s life, and for good reason: Suddenly, for the first time in decades – or maybe even ever — all your time is yours. It’s an opportunity to try different things, embark on new adventures, or simply just relax for once. 

But where should you spend your time embracing the luxury of retirement? While plenty of people opt to stay in the same place, others seek more retiree-friendly climates when seeking their best place to retire. Some even decide to make the most daring move possible and retire abroad. 

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Becca van Sambeck
Contributing Writer

Becca van Sambeck is a writer and editor with experience in many fields, including travel, entertainment, business, education, and lifestyle. Her work has appeared in outlets like NBC, Oxygen, Bravo, the University of Southern California, Elite Daily, CafeMom, Travel For Teens, and more. She currently resides in New York City.