BALTIMORE, 5 January 2016: Panama is the best place in the world to retire in 2016, according to a new Index by the retire-overseas experts at InternationalLiving.com.
Malaysia was the top spot in Asia to retire and was fifth overall in the worldwide ranking.
Thailand came in at seventh place with high scores in renting, cost of living, fitting in, and entertainment.
The Index, now in its 25th year, ranks retirement destinations worldwide to come up with the best countries for retirees.
“Researched over months with the help of our team of correspondents, editors, and contributors, this Retirement Index is the ultimate resource for helping you find your ideal retirement haven,” reported, InternationalLiving.com’s executive editor, Jennifer Stevens.
The winner, Panama, scores high across the board in all categories, but receives a perfect score of 100 in three categories — Retiree Benefits and Discounts; Visas and Residence; and Entertainment and Amenities.
Runner-up this year was Ecuador, getting a score of 100 in the Buying and Renting category. In the colonial city of Cuenca, for example, a two-bedroom apartment rents for USD500 or less, while the same property in the popular mountain town of Cotacachi is USD450 to USD600 a month…or less.
Ecuador also offers great retiree benefits—those 65 and over immediately qualify for half-price public transport. And seniors receive a monthly refund of up to USD204 for the IVA (value-added) tax charged on many purchases.
Malaysia came in first for Asia in the Index, and in fifth position overall.
Spain was the best country in Europe for retirees, coming in ninth position overall.
“In addition to the eight categories we consider in the Index every year, we’ve added two new ones for 2016,” Stevens reported. “Time and again, we’ve heard from readers looking for a healthier lifestyle overseas. So we’ve added a Healthy Lifestyle category. And for anyone looking to retire abroad, a key consideration is the ease and expense of getting a residence visa that is right for your circumstances. So we added a new Visas and Residence category,” Stevens reported.
The full report can be seen at: https://internationalliving.com/2016/01/the-best-places-to-retire-2016/.