Aozora Alliance: Retirement Without Borders. |
Aozora Alliance: With many pensions having taken a hit in recent years, many people are considering retiring in less expensive countries. |
|
|
  |
|
Contact Information |
|
Thomas Livesay
-
804-839-2616
info@perfectpublicity.info
|
|
|
|
“With many people facing into retirement with less than they thought they would have, it is becoming a more common consideration. "As an alternative to delaying their retirement in order to save more, they are looking to spend less instead.” said a retirement transition adviser close to Aozora Alliance.
As with any financial decision though, this is one that should not be made blind. Retirees should seek expert advice to consider a number of issues they may face. Be careful when you purchase your one-way ticket to paradise. Some places are better for visiting than for living long-term. Hidden costs and lifestyle trials can be a drag for those retiring abroad. And being older does not make it easier.
Life abroad is not all palm trees and grilled lobster. There can be restrictions and red tape, language problems and culture shock, distance and sometimes loneliness. But at a time when nest eggs are shrinking and Social Security looks less likely to cover basic expenses, living for less in a foreign locale can make good financial sense. There’s also the prospect of adventure in a faraway land, the allure of the unknown, and the joy of serendipitous discoveries.
Aozora Alliance reportedly recommend clients to consult with specialist expatriate advisors before making any moves, ”your local accountant isn’t going to be able to provide too much valuable advice. Tax laws in particular are a very important consideration, both from the perspective of the country you are moving from as well as the one you are moving too.” commented the retirement transition adviser.
Healthcare and insurance concerns are another important factor that retirees will want to have settled before taking the plunge. It may be the case that their existing cover only covers their home country and new policies will have to be taken out.
There can also be strong rules on the types of investments that foreigners can make in the chosen destination country. Many countries limit foreign investment in companies and may also have rules on property ownership. There may also be limits on how much money can be taken out of the country if the retiree should decide to leave.
“People can simplify these decision very easily by choosing a retirement destination that has an existing relationship with their own country, be that moving to another country within the EU, or an oversees territory. This will greatly simplify the process,” said the retirement transition adviser speaking with Aozora Alliance.
For more information, visit: http://www.perfectpublicity.info
|
| Related Tags: Aozora Alliance, AozoraAlliance, Aozora, Alliance |
Disclaimer
If you have any questions regarding information in this press release, please contact the person listed in the Contact / Company information box of this page. Please do not attempt to contact Market Press Release. We will be unable to assist you with any information regarding this release. Market Press Release disclaims any content contained in this press release.
|
Business
![[Valid RSS]](images/valid-rss-rogers.png "Validate my RSS feed")
