Thursday, January 19, 2017

Retiring Abroad

Have you looked overseas for a retirement option? Between 2010 and 2015, the number of Americans who retired abroad increased 17 percent. A report from the Associated Press says that even more retirees are expected to follow their lead over the next 10 years, as the baby boomers continue to leave the workplace.

The Social Security Administration puts the number of American seniors living abroad at just under 400,000. The most popular destinations are Canada, Japan, Mexico, Germany and the U.K.

Japan, which has a large U.S. military presence, has seen the biggest uptick in American retirees in recent years. For the five years from 2010 to 2015, the number of Americans retiring there increased by 42 percent.

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