Retirement Without Borders
September 1, 2026
“For a growing number of retirees, home may be somewhere entirely new.”
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Retirement used to mean downsizing, perhaps moving somewhere warmer, and staying reasonably close to family and friends. Today, the possibilities are much broader. With people more mobile than ever, retiring abroad has become a realistic option for Americans looking for a different lifestyle, better weather, lower living costs—or simply a new adventure.
And the choices are interesting. According to International Living’s 2026 Global Retirement Index, Greece ranks as the world’s top retirement destination, followed by Panama, Costa Rica, Portugal and Mexico. Italy, France and Spain also make the top ten. The rankings consider factors including housing, cost of living, healthcare, climate, visas and retiree benefits. Panama also ranked No. 1 in InterNations’ 2026 Expat Insider survey, with 87% of expatriates surveyed saying they were happy with their lives there.
But retiring overseas should never be based on a ranking alone. The best retirement country is the one that works for you. Healthcare, taxes, safety, residency requirements, language, climate and proximity to family can matter far more than whether a country finishes first or fifth on somebody’s list. Before making a permanent move, spend several weeks—or preferably longer—in the area you are considering. Go grocery shopping, visit neighborhoods, investigate medical care and experience ordinary daily life rather than simply enjoying it as a tourist.
Finances also require some homework. The IRS makes clear that U.S. citizens generally remain subject to U.S. tax on their worldwide income even when living abroad, although foreign tax credits and other provisions may reduce double taxation. Visa and residency rules vary considerably by country and can change, making professional tax and legal advice particularly important before relocating.
Healthcare deserves the same attention. Medicare generally provides very limited coverage outside the United States, so Americans retiring overseas typically need to investigate local healthcare systems, private insurance or international coverage. Keeping a residence in the United States while spending part of the year abroad is another option and can provide an attractive middle ground for those who want an international lifestyle without completely cutting ties to home.
Retirement no longer has to mean simply staying put. Greece, Panama, Costa Rica, Portugal, Mexico and several other countries are attracting retirees for very different reasons. The important point isn’t finding the country someone else says is best. It’s finding the place where your finances, healthcare needs and preferred lifestyle comfortably come together.
The Takeaway: Retiring abroad can offer adventure, value and an entirely different way of living—but don’t choose a country from a list. Visit first, understand the numbers and make sure everyday life feels as good as the vacation did.
Please keep in mind this information should not be considered as financial advice. Investment decisions should be based on individual research and consultation with a qualified financial professional. The value of investments can fluctuate, and past performance is not indicative of future results. Always consider your risk tolerance and financial goals before making investment decisions.
