Cayman Islands, Caribbeanand International News
Thursday, Jan 26, 2023

Dominican Republic in top 10 best places to retire

Dominican Republic in top 10 best places to retire

The travel magazine Travel + Leisure published a list of the best destinations after retirement, considering factors such as the ease of obtaining residence, the health system, the climate, and the cost of living, among others.

As global travel has increased over the years, many seniors want to continue the adventure of exploring the world by retiring abroad. Others move to new places to stretch their retirement income or enjoy new experiences.

According to recent data from the United States Social Security Administration, more than 700,000 Americans receive their payments abroad.

Medical care, visa requirements, local culture, taxes, and living costs are all part of the decision to retire to another country. With so many considerations, it’s a good idea to get professional advice, and advisers recommend spending at least several months in a potential retirement destination before you make a move,” said the magazine’s travel specialists.

In that sense, 10 of the best places to retire in the world, according to Travel + Leisure, are:

1- Panama

2- Portugal

3- The Dominican Republic because it is considered one of the least expensive Latin American countries for retirees, according to data from the magazine. In Santo Domingo, the capital, the cost of rent is 90% lower than in New York, and the cost of living is 55% lower. Its location is another advantage for some retirees.

Most retirees purchase private health insurance as they are not eligible for government programs, and quality medical care at private hospitals is available at reasonable prices. Retirees can enter the country on a tourist visa and then apply for a retirement visa, which takes several months.

Most ex-pats live in the cities of Santo Domingo and Santiago, and there are beautiful resort towns like Punta Cana, Puerto Plata, and Boca Chica. However, certain areas are not considered safe, so do your research before moving.

The list continues with:

4- Spain

5- Costa Rica

6- Malt

7- Ecuador

8- Mexico

9- Colombia

10- United States


Related Articles

Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
UK chaos: Hong Kong emigrants duped by false prospectus
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Will Canada ever become a real democracy?
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
Ukraine President Volodymyr Zelenskyy Addresses Joint Session of Congress - FULL SPEECH
If a country is denied the right to independence by another, it is not in a union. It is in a dictatorship.
Where is Rishi? Chancellor Jeremy Hunt's excuses about the UK's economic challenges just don't make sense
Former FTX CEO Bankman-Fried finally arrested in Bahamas after U.S. files charges
Corruption works: House Financial Services Chair Waters doesn't plan to subpoena her donor, Sam Bankman-Fried, to testify at hearing on FTX collapse
Ronaldo's new contract...
Prince William's godmother resigns honorary royal role after exposing her/their racism
British PM Rishi Sunak pledges further action on strikes to 'protect lives'
Tax fraud verdict again exposes illusion of Trump the master businessman
Tax fraud verdict again exposes illusion of Trump the master businessman.
Double standards: UK lawmakers attack EU chief over Ireland claims
Yellen hints at ‘national security’ probe into Twitter purchase
Elon Musk reinstates Donald Trump's Twitter account.
George W. Bush and Barack Obama will hold back-to-back disinformation conferences
Mission Improbable: Tom Cruise & Queen Elizabeth
Miss Argentina and Miss Puerto Rico are not single anymore
Matt Hancock is back to the jungle