Top 10 countries with the most U.S. retirees collecting Social Security

The list will surprise you.

From Market Watch, July 26, 2019:

Of course, the above list doesn’t necessarily mean those are the top 10 countries of American retirees because:

  1. Some Americans may be retired abroad and not collecting Social Security.
  2. Others may have their Social Security checks deposited in the U.S. but live abroad.
  3. Others may live abroad just part time.

How to explain the countries in the list:

  • Labor economist Teresa Ghilarducci, an expert in retirement security and a professor of economics at The New School for Social Research, says that people often retire where they have family ties, so the dominance of Canada and Mexico, for example, on the list make sense, as many Americans have family in both countries.
  • Jennifer Stevens, executive editor at International Living, says “The numbers lean toward places where the U.S. has a strong military presence,” which helps explain why Japan and Germany are so high on the list.

Few Americans actually retire abroad. According to Social Security Administration data, about 413,000 retired workers get their Social Security benefits abroad out of the tens of millions who receive these benefits.

For Americans who dream of retiring abroad, Cynthia Staton, who with her husband runs a website that helps people retire abroad, says you should consider these factors:

  1. What is your ideal weather?
  2. How close do you want to be to your family?
  3. What level of health care do you require?
  4. Do you want to live in a city, a town, or off the grid? In the mountains, at the beach, or by a lake?
  5. What are your deal breakers? Do you need a specific medication? Are there mobility issues?

Staton advises you should visit the country and place, or even temporarily live there to test it out: “Don’t make the mistake of superficially choosing a place that reminds you of where you like to vacation. You go on vacation to get away from daily life, not for it to become your 24/7/365.”

~Eowyn

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Dan
Dan
1 year ago

Teresa Ghilarducci is the wild-eyed, batshit crazy woman who, last I heard, has been promoting the nationalization of $7 trillion or so in private pension and retirement wealth in America in exchange for what would inevitably be increasingly worthless government bonds. The $7 trillion can then be spent on the New Green Deal turning America into Venezuela or Zimbabwe almost overnight.

MarkyMark
MarkyMark
1 year ago
Reply to  Dan

Between Herr Mueller crashing & burning and the Democrats’ crazed hate driving their impeachment efforts, I don’t think that they’ll retain House control. In the very unlikely event the Dems win control of both houses, I’d bet money that DJT vetoes the GND; I don’t think that the likely veto can be overridden. As for confiscation of pensions and retirement accounts, that can’t be ruled out even if the GND isn’t passed. One, five European countries have already done it; the Christian Science Monitor had a good, online article about that. Secondly, even if the GND and other socialist insanity… Read more »

MarkyMark
MarkyMark
1 year ago

I heartily agree with the advice to test the waters first. I did this when I was in South America last year; I was giving it a trial run. I didn’t move there for a few reasons. One, I saw things in my woman’s (now ex) personality I didn’t like, and I’ll leave it at that. Two, the local single owner or mom & pop stores are rapidly disappearing, and they’re being replaced by big, chain stores. Three, I wasn’t sure about my medication. Finally another reason I wanted to move was to have more personal freedom; while they still… Read more »

Anonymous age 72
Anonymous age 72
1 year ago
Reply to  MarkyMark

Good one, MarkyMark. I haven’t been able to access your blog since you changed access rules. I am still happily living in Mexico as when I posted on your blog. Good tips here, though I am beyond that point. I call my Third World village my personal paradise. I do think Mexico is a good choice, though it isn’t for everyone, of course. But I always recommend Guadalajara as a starting point because more North Americans have been happy there than in any other Mexican city. Don’t buy a place until you have lived in Mexico for two years. Then,… Read more »

MarkyMark
MarkyMark
1 year ago

Anon72, I’ve tried to e-mail you, but the addy I have for you no longer works. As for expatting, I won’t rule it out, but there are issues to consider; the first one is what country to go to? I had my heart set on a country; I liked it and fit in all right there. I could have made it there fine, I think. However, things are in a state of flux on my end,so I’m going to regroup and figure out the next step… As for the blog, I don’t have much to say any more. Things are… Read more »

MarkyMark
MarkyMark
1 year ago
Reply to  Dr. Eowyn

You’re welcome. I’m glad you made it through my rambling! Seriously, as I was writing my comment last night, I kept thinking of other issues I dealt with in my aborted expat attempts, so it kept getting longer…