With rising costs on everything here in the U.S., more Americans are now retiring abroad. But, there are pros and cons.
"On one hand, this is a big fun bold sexy idea, and it is all that. It really is" said Kathleen Peddicord, founding publisher of 'Live and Invest Overseas', "And on the other hand, it doesn't come without work and without challenges. And it isn't right for everyone."
It has been right for Peddicord, who moved outside the states 26 years ago. She now splits her time between Paris and Panama, and provides great insight and resources for this that might be considering retiring elsewhere, as a viable option.
"The conversation usually begins about budget, because retirees can be worried they just don't have enough nest egg to retire on" Peddicord told KTRH, "You definitely can retire better on a limited budget many places around the world, than you can in the United States."
She adds that the biggest issue is the culture shock. There is also bureaucracy to deal with, and some added travel costs to factor in. But most places are safe, and it is a trend that is growing.
"Americans at and in retirement right now face a big problem" noted Peddicord, "They have big challenges and they need options, new alternatives for how to face this phase of life."
For more information and resources, you can visit her website - Live and Invest Overseas