Reasons why Australians should retire overseas

retire overseas

If you’re approaching retirement you’re probably getting ready for a major lifestyle shift. Perhaps you already have a clear plan, or maybe you’re considering a few different ways you could spend this new phase of your life. One option which is not yet so popular in Australia, but quite common in the US and Europe, is to retire to a different country (retire overseas).

Retiring overseas often involves moving to a country with a pleasant year-round climate, laidback lifestyle and cheap cost of living, although of course this is just one way to go. For those who are currently weighing up whether retiring overseas could be the right choice for them, here are a number of reasons to take the plunge which you may not have considered yet.

You haven’t yet had the opportunity to travel internationally much or at all

International travel and adventure is a lifelong dream of many, but the demands of work and family and the need to put much of our savings towards our homes can make travel fall to the bottom of the priority list. Retiring is a great opportunity to reevaluate your priorities and revive your dream of travelling. If you don’t feel you have the energy to be constantly moving around, living in another country can still be a thrilling adventure. And you can always base yourself somewhere that’s a good hub to explore other areas.

You’re sick of your current city

Maybe you’ve had it with stifling humidity or chilly winters. Or perhaps you’re sick of how expensive everything has become. Or it could be that you’re looking for a more relaxed lifestyle far from the pressures of city life. Whatever it is, if you find yourself feeling bad about where you live more often than you feel happy with it, retirement is a great opportunity for a change of scenery (and weather, lifestyle, prices etc). You can always come back if it doesn’t work out, but if you don’t give it a go you’ll never know whether things could have been better.

Australians that retire overseas

You’ve never learnt another language

Learning a different language is such a valuable and rewarding skill, but as with travel it’s something that many people dream about but don’t get time to prioritise during their working lives. There’s no better way to learn than to put yourself in the immersive environment of living in a different country. You could choose somewhere where some English is spoken so you don’t feel too much pressure to become fluent straight away, but even picking up the basics can feel like a great accomplishment. It’s a great way to keep your mind active too.

The thought of living somewhere else excites you

If you’re always dreaming about being an expat and just the thought makes your heart beat a little faster, whether you have a specific destination in mind or just a general idea, this is a strong sign that it could be a good idea for you. Don’t think that just because your friends and family are living more conventional lifestyles and staying put, you have to do the same. While of course it’s important to realise that our expectations are often romanticised versions of reality, following your heart can really pay off.

You can already see yourself as part of the retiree expat community

The internet and social media have made it easier than ever to connect to others with similar lifestyles and values to you. If you’ve started following some blogs or social media accounts of other retirees living abroad and can see yourself in their shoes, chances are you would fit right into the community. If you’ve already got your eye on a destination to retire overseas you could try searching for blogs written by expat retirees in that city or country to see if you can make connections with them.

The idea of spending your retirement where you currently are makes you feel (insert negative emotion here)

Perhaps you’ve found that the idea of a future in the same old place makes you feel anxious, frustrated, unfulfilled, or some other negative emotion. It’s important to listen to your gut and really ask yourself why you’re feeling this way. It could be fear of stagnation, boredom and lack of independence or a million other different things. But it’s likely that if you are dreading retirement where you currently live there are good reasons why.

You like to travel with your family

If one of your favourite ways to spend time with your family is to travel with them, it can be even greater if you live in another country. You can choose a location that’s not too difficult for your family to get to a few times a year and then have them visit you, or use your home as a base for travels around your region with them. You’ll get to spend quality time with your family in a novel way and play the tour guide for them.

retire overseas Australians

You’re dreading trying to manage your money once you’ve retired

While Australia does have a high standard of living, it’s also one of the most expensive countries in the world to live in. Renting or buying property, private health insurance and day to day living expenses are all very expensive, particularly in bigger cities like Sydney and Melbourne. However, there are many parts of the world in which you can live a very comfortable lifestyle for much less. If you have super, savings and/or some source of income in Australian dollars you will be in a great financial position in some parts of the world. Many people seem to have a misconception that moving to a cheaper country will involve a significant lifestyle downgrade, but this doesn’t have to be true. There are many cheaper countries to retire overseas where you will find lovely houses, good quality services and world class medical care for much less.

There are a number of very convincing reasons to retire overseas. Ultimately, if you’re already researching it online it’s probably something that you’ve put some thought into and that really appeals to you. It’s not the simplest thing in the world to organise and it’s certainly not a decision to be made lightly, but if you have you heart set on a retirement adventure then you can find a way to make it happen!

If you want to retire overseas, then save money on your international move

Triglobal can help you save money by obtaining up to 5 separate quotes from different international removal companies. All international moving companies in their worldwide network are members of an appropriate international moving association. After completing the form below, you will be notified which international removal companies have received your quote request, and those international removal companies will contact you with details of their quote for you to start comparing the best deal. By completing the form below, you agree to sharing your information and contact details with Triglobal and the selected removal companies.

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Australian Expat Investor Contributor

These articles have been written by an Australian Expat Investor Contributor. Please see their details in the relevant post. The views expressed in the article are his or her own and may not reflect the views of The Australian Expat Investor. If you are interested in contributing an article or story to The Australian Expat Investor please visit our contact page.

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