One thing that is clear from the responses I have received to my recent readers poll is that most respondents are either giving serious consideration to moving, or at least considering the possibility. Over a third are considering either moving out of the United States entirely or maintaining a second residence (perhaps an apartment or condo) in another country.
Moving anywhere is a big decision involving a lot of factors, but the decision to move overseas adds several new dimensions. The biggest of these is immigration laws. Immigration laws vary widely from country to country, and in many cases it’s harder to immigrate as a retiree than it is for a younger person who has some years of work life remaining.
Several countries, particularly several in Central America, are very welcoming of American retirees. Others, such as Australia, New Zealand, and Canada don’t want retirees at all, unless they have a sizeable amount of money to invest. Countries such as these are no doubt concerned about the impact of retirees on their more socialized health care systems.