Monday, September 26, 2011

Living the American Dream Abroad

Did you know that approximately 10,000 Baby Boomers will retire every day for the next 19 years?

That's a total of 69,350,000 million retirees over the span of 20 years, or what's the same: about a third of the U.S. population. As we all know, Social Security is no longer enough to sustain comfortable lifestyles in retirement and support an ever-protracting lifespan.

"The formalized U.S. retirement communities that many of our parents opted for at this point in their lives don’t exist in the countries that today offer the greatest retirement advantages and benefits." says a new U.S. News Money report.

For that reason, when retirees move abroad, some make the mistake of finding a lovely place but without a familiar support system among other foreign retirees.

“It’d be a very different experience, I think, to move as an expat into an ‘expat community,’ a place like Lake Chapala, Mexico, for example, where you’d be surrounded by other people just like you, other people who’ve already done what you’re doing and who could offer a word of advice when you needed one.”

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