No one wants to work forever. It would always get to the point where each person decides to take their hands off the oars and allow younger ones to thrive. When this time comes to retire, many would be looking for the best places to settle with their family.
Here are the top five countries when it comes to getting a comfortable, peaceful and pleasant retirement spot.
1. New Zealand
New Zealand, which is seen as the most scenic country and the place that survey respondents say they would most want to live, holds the No. 1 spot as the best country for a comfortable retirement for the fourth consecutive year.
Those considering the small island nation for retirement will want to make sure they have healthy nest eggs, though, because there are strict financial requirements for both temporary and parent retirement visas.
2. Australia
Australia moves up one position to No. 2 in the comfortable retirement ranking. Survey respondents score the country highly for its safety, health consciousness and friendly people, all adding to the draw of scenic landscapes and moderate winters on this continent-nation.
While the high cost of living in major urban areas may be a deterrent for some, there are many smaller cities and rural towns for retirees to choose from.
3. Switzerland
Although Switzerland moved down one position in this ranking, it is No. 1 in the overall 2020 U.S. News Best Countries ranking. The European country may appeal to retirees because it is seen as a country with a favourable tax environment. It also scored highly for being economically stable and as a safe country to live in.
4. Spain
Spain, which moved up one position this year, is seen as highly connected to the rest of the world and one of the most culturally accessible countries. Expatriates may find the country an easier transition for retirement than other nations.
5. Luxembourg
Luxembourg moved up one position to No. 5 in the 2020 U.S. News ranking of the best countries for a comfortable retirement. Survey respondents score Luxembourg highly for its favourable tax environment, income equality, prestige and easy access to capital.
