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Finding the Cheapest (and Best) Places to Retire

I’m only 42 and retirement might seem like it’s a long ways away, but let’s face it – I’m already retired and I’ll probably never have the luxury of stopping working. But that’s me –

The truth is, for most people retirement seems like it’s far away and then whammo – it’s on you and you don’t know how it came so fast. Unfortunately, the horrible truth for most people is that when the time comes, they find that they have to downsize and lighten the load because social security, 401ks, and retirement funds never seem to be as much as you expected and – let’s be honest here – life is getting more expensive all the time.

It might seem odd, that a travel blog would be delving into the best places to retire, but in truth – that’s sort of what started this blog in the first place.  I realized that I could either keep slaving away in the corporate world or I could find a place more affordable and conducive to the lifestyle I desired. It’s always been about finding the best place to retire for me.

No matter where you retire, it’s always a good Idea to make sure you will able to retire comfortably. Many of us (especially those in the their mid-20’s and 30’s neglect the idea that one day we will have to rely on the money we’re putting away now. That’s where companies can come in, who can help you consolidate and manage your retirement fund so when your do retire, you can travel the world.

My own search has led me to some incredible places and not surprisingly, I always find a few retirees wherever I go. Here is a short list of some of the best retirement places I’ve found.

retire in Hawaii

1) Hawaii. Hawaii is great if you have money or you don’t have responsibilities. The weather is perfect, the people are cool, the culture is laid back and healthy – on the downside – it costs a lot to live in Hawaii. I loved living there as a single guy with no responsibilities, but I just can’t make it there with a family to support.

Morocco Retirement

2) Morocco. I’ve complained about it, but Morocco has a lot going for it. The food and rent are cheap and pretty good, the people are interesting and kind. The country is amazingly varied with the Atlantic, the Mediterranean, the Sahara, the Atlas Mountains, and astoundingly exotic cities and towns. On the downside, the religious nature of Morocco can be kind of a bummer. Still, where else can you buy a palace for $50k?

Turkey Retirement

3) Turkey. Beautiful country with fabulous beaches and mind blowing history. Great food, incredibly kind people, exotic culture, and open minded and progressive enough to satisfy anyone. On the downside – war in Syria next door and an increasingly religious oriented government that is curbing in freedom of thought and making things harder for the expat retirees who live there.

Retire on Oregon Coast

4). Reedsport, Oregon. I think my wife and I might be the only people in this town under the age of 65. Cheap, close to the coast, great beaches, abundant hiking and wild life, safe, and so far, the weather is fantastic. On the downside – we are the only people under 65 it seems and in terms of food and culture – there really isn’t any outside of our house.  Still, where else in America can you get a 3 bedroom house with a big yard, a garage and have access to a dozen lakes, beaches, three rivers, and more within ten minutes for less than $1000 – or if you have an RV for less than $300 per month?

What about you? What’s your favorite retirement city? Where do you want to retire to? What hidden gems do you love?

 

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Vago Damitio

Damitio  (@vagodamitio) is the Editor-in-Chief for Vagobond. Life is good. You can also find him on Google+ and at Facebook

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