The Best Places in the World to Retire

Where are retirees truly prospering? In which countries do they have it easiest when it comes to the things we really value when we commit to retirement such as financial benefits and a strong health care system?

In one report, the US ranks 18th and our pension systems earned a not so glowing C+. So where are the top spots? Those countries where retirees are living a little easier? Here are the top five “best places to retire” and a peek at what earned them accolades.

  • Norway – robust pension system
  • Switzerland – read about their Retirement Residency Program
  • Iceland – top rated pension for local retirees
  • Ireland – low crime and low-cost government healthcare
  • Australia – friendly with universal healthcare

Check out this article from Kiplinger that details the top 10 countries and learn more about what it was that helped them earn spots at the top of the leaderboard. It also helps us understand why, according to the article, more than 440,000 retired workers are collecting U.S. Social Security benefits abroad.

>>Click here to read the article.

How “tax friendly” is Georgia for retirees?

Baby-boomers and seniors want to retire and move to a tax-friendly state. So, how tax-friendly is Georgia? An Atlanta Journal Constitution article looked at that and found that it ranks pretty well for the following reasons:

  • There is no tax on Social Security retirement benefits.
  • Anyone 65 and older is offered a maximum deduction of $65,000 per person on all types of retirement income.
  • Sales taxes and property taxes are relatively moderate. The 4% sales tax puts Georgia in the bottom 20 of the country. Georgians pay below-average for property taxes. It’s around $870 per year in property taxes per $100,000 in home value.
  • There are no inheritance or estate taxes. 

>Click here to read the full article written by Kiersten Willis with the Journal Constitution.

>Click here to read a related article: Lack of inheritance and estate taxes makes Georgia a popular place to retire.