We Love America But We Are Still Living Out Our Retirement Aboard
During the political and cultural upheaval of the 1960’s in the US the slogan “Love it or leave it” became a popular mantra against those who were standing up for social change. Now, many of the Baby Boomers who took to the streets during those movements are leaving the US to retire aboard, but does that mean that they don’t love it? Are Baby Boomers and retirees moving aboard because they don’t love the US or is there a different reason that many Americans are looking at live outside of the states as a viable option?
Perhaps the biggest factor in retirees retiring aboard is affordability and making their pension stretch just a bit, and in some cases, a lot, further. As life in the US continues to become more and more expensive, pensions in many Latin Americans countries seem to go further and further. Many Americans look to a retirement overseas to live a more comfortable lifestyle on what they have saved and what they have coming to them in their golden years.
Another reason for retirees to retire aboard is climate. While many places in the United States offer great weather in the spring and fall months, winters and summers can be harsh. Compare that to the endless sunshine and cool climates of some countries such as Ecuador, Panama, Guatemala, or Costa Rica and it’s easy to see why retirees are opting for Eternal Springs rather than triple digit weather in the summers and freezing cold winters. This factors right into the issues of affordability as well. Imagine living in a place where you don’t need to pay for heating or air conditioning at all, year round. All you need to do is turn on the ceiling fan some weeks out of the year and the rest of the time the windows can stay open and the temperature is just fine. Given the choice of spending your pension on a heating bill or a fresh lobster dinner, which would you chose?
So, does this mean that retirees have chosen to leave it because they don’t love it? Not at all. Many retirees who live aboard still have family and friends back home that they visit often. Retirees may still have businesses or real estate ties to the US and return frequently to check up on investments and holdings. Living aboard doesn’t cancel your citizenship, even if you qualify for residency in another country. And it doesn’t mean that you can’t vote or pay taxes back in the US either. It’s basically having your cake and eating it, too, which is why so many Americans are seeing the benefit in loving it and leaving it.
If you’re thinking of retiring aboard or living overseas, look at all the benefits of a life split between the US and another country. Rather than think of it as leaving the home you know and love, think of it as keeping the home you love and finding another than you can learn to love as well.