Business and Finance
Business and Finance
Where to Retire: Living in Portugal as a US Retiree
- Living in Portugal as a retirement landing spot has abundant advantages, but do your homework and due diligence first.
The article from Kiplinger discusses the appeal of retiring in Portugal, highlighting its affordability, quality of life, and the welcoming nature of its people. Portugal offers a variety of living environments from the vibrant city life in Lisbon and Porto to the serene countryside and coastal towns. The cost of living is relatively low, especially when compared to other Western European countries, making it attractive for retirees on a fixed income. The country's Non-Habitual Resident (NHR) tax regime is particularly beneficial for new residents, offering tax exemptions on most foreign income for a decade. Additionally, Portugal boasts excellent healthcare, a mild climate, rich culture, and historical attractions. The article also mentions the ease of obtaining a visa for retirement, the safety of the country, and the growing expat community which helps in easing the transition for newcomers. However, it notes that while English is widely spoken in tourist areas, learning some Portuguese can enhance the experience of living there.
Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/retirement/happy-retirement/where-to-retire-living-in-portugal ]
Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/retirement/happy-retirement/where-to-retire-living-in-portugal ]
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