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Best Places to Retire

Retirement brings a different pace of life. No more sweating work deadlines, playing office politics or struggling to stay afloat in a city with a soul-crushing commute and a punitive cost of living. The end of your career also raises new questions about where and how to spend your days now that you’re no longer tied to a specific location.

Considerable factors to select a best places to retire

1. States with the Highest and Lowest Cost of Living 2. Tax-Friendly States for Retirees 3. Suitable States for Senior Health 4.States with the Best and Worst Climate

Check out 7 best places to retire to get the most out of your golden years:

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Spain

Cost of living: The cost of living in Spain is less than most expect. A couple can live very well on the coast for between $2,200 to $2,400 per month.

Healthcare: Expats are required to carry private health insurance for the first five years of residency.

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Malta

Cost of living: Malta is by no means the cheapest country in Europe, but it still offers lower prices than the U.S. and Canada.

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Healthcare: Unfortunately, expats cannot access Malta’s excellent public healthcare system, but the private insurance options are high-quality and inexpensive.

Colombia

Cost of living: If you want to live in an upscale neighborhood of Medellín and Bogotá, you can expect to pay around $1,250 per month for a very nice three-bedroom apartment.

Healthcare: Colombia’s public healthcare plan is called Entidades Promotoras de Salud (EPS), which costs about 12.5 percent of your pension income.

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Mexico

Cost of living: A furnished, two-bedroom home in a more expensive region (like Mexico City or Los Cabos) costs about $750 per month, with utilities rarely inching above $30 each.

Healthcare: Unemployed residents can enroll in the Instituto Mexicano de Seguro Social (IMSS) healthcare system, which costs about $45 per month for someone in their 60s.

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France

Cost of living: If you avoid the Cote d’Azur and center of Paris, you can often buy or rent French properties for 50 percent less than comparable homes in the U.S.

Healthcare: France’s healthcare system is currently ranked number one by the World Health Organization.

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Portugal

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Cost of living: Portugal is one of Western Europe’s most affordable countries. A couple can live comfortably in Lisbon’s residential neighborhoods from about $2,200 a month

Healthcare: Once you obtain your Portuguese ID number and residence permit, you can access the state medical system—copays under this system are extremely low, usually no more than $10 per visit.

Panama

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Cost of living: A retired couple can live very well in Panama City for less than $3,000 a month, (including rent), while a single person could retire pretty much anywhere in Panama for $1,700 a month.

Healthcare: There are many excellent hospitals and clinics around the country (like Johns Hopkins International-affiliated Hospital Punta Pacifica), and all legal residents are entitled to 20 percent off prescription medications if they’re of pensioner age—55 years for women, 60 for men.

To discover more information and a variety of itinerary suggestions, go here...