Panama. Named to the top spot of "Best Places to Retire in 2022" on International Living's Annual Global Retirement Index, Panama has become a popular retirement destination.
According to various studies, including International Living, Portugal is ranked as the best country for US expats to retire to. Its friendly population, welcoming community of American expats, excellent weather, safety records, and affordable cost of living are all big draws for retirees.
Iceland. Canada might be closest, but if you sail west a little more than halfway between North America and Northern Europe, you'll hit Iceland, which has claimed the title of the safest country in the world every year since the mid-2000s.
1. Panama. This is the 11th year that Panama has earned the top spot on the Retirement Index, and it's easy to see why. The country is perfectly perched between North and South America, just a three-hour flight away from Miami.
If you are a U.S. citizen, you may receive your Social Security payments outside the U.S. as long as you are eligible for them.
Iceland tops the Global Peace Index, which ranks countries according to safety and security, ongoing conflict and militarisation.
1. South Dakota. South Dakota ranks as the best state for retirement in the United States. The average cost of living in South Dakota is 4% below the national average, including healthcare costs.
A handful of countries on our list, including Australia, Costa Rica, Malaysia, Panama, the Philippines and Uruguay, don't tax any foreign income of expat retirees, while several others, including Colombia, Dominican Republic, France and Thailand, don't tax pension and Social Security payments.
India. Largely rated as the cheapest English-speaking country in the world to live and work in, an Asian country is a delightful place. Officially called the Republic of India, it is a country located in the southern part of Asia. India is the second-most populous nation in the world.
1. Argentina. The cost of living in Argentina is up to 60% less than in the United States. You can get by in Argentina for about $1,000 per month.
1. Delaware. Congratulations, Delaware – you're the most tax-friendly state for retirees! With no sales tax, low property taxes, and no death taxes, it's easy to see why Delaware is a tax haven for retirees.
States That Don't Tax Retirement Income
Those eight – Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming – don't tax wages, salaries, dividends, interest or any sort of income.
Some of the world's lowest crime rates are seen in Switzerland, Denmark, Norway, Japan, and New Zealand.
The most safe areas in the US in a nuclear war include the upper Midwest, Maine, West Texas, and multiple small pockets, usually in areas that don't have large populations. The most unsafe areas include most of the East Coast and anywhere near a major city, a key infrastructure location, or military installation.
The most dangerous countries to visit in 2022 are Afghanistan, Central African Republic, Iraq, Libya, Mali, Somalia, South Sudan, Syria and Yemen according to the latest Travel Risk Map, an interactive tool produced by security specialists at International SOS.
Remember, you can have Medicare while you live abroad, but it will usually not cover the care you receive. Most people qualify for premium-free Part A, meaning you will pay nothing for coverage. If you must pay a premium for Part A, be aware of the high monthly cost for maintaining Part A coverage.
Medicare does not usually cover care that you receive outside the United States. However, it may be beneficial to enroll in Parts A and B if you live abroad on a temporary basis, or travel back to the U.S. frequently. Most people qualify for premium-free Part A, meaning you will pay nothing for coverage.
Almost any country you would want to live in welcomes American retirees, as long as they can prove that they have a certain minimum income from some combination of Social Security, a pension, and investment income.