If you want to save some big bucks in retirement and you’d love to see the world, why not consider moving to a different country?
Even if it’s only for a little while, you could experience a different culture and make your money go farther while living there.
Kathleen Peddicord, the publisher of the e-letter ‘Live and Invest Overseas’ lives in Panama and says retiring abroad makes sense for people with a modest amount of savings who can live on $2,000 to $5,000 a month.
But for the below locations, you could easily live on less than $2,000 a month.
1. Abruzzo, Italy
Image credit: DEA / ARCHIVIO J. LANGE / Contributor, Getty Images
Abruzzo is known as ‘the greenest region in Europe’, and rests east of Rome. Pescara, is its biggest city on the Adriatic coast.
Italian diplomat and journalist Primo Levi once said said that ‘forte e gentile’ (strong and gentle) best describes the beautiful region.
Here, you are close to both the beach and skiing for under $2000. This region is comprised of quiet villages, castles and vineyards.