Retirement abroad: Spend your old age where others go on vacation

As people get older, more and more people are drawn abroad. These are the top five countries for retirement. These include popular holiday destinations.

Frankfurt – Living where others go on vacation: that seems to be getting more and more interesting, especially with age. But where is the best place to spend your retirement in Europe?

A third more pensions are currently being transferred abroad than ten years ago, according to Deutsche im Ausland eV. Even if compared to the total number of pensions only around one percent is transferred abroad, a clear increase can be seen. However, the demands for the perfect place in old age should not be underestimated. Among other things, cost of living and healthcare play a crucial role in the choice.

Retirement abroad: live where others go on vacation – there are many recommendations

There are a wide variety of rankings on the Internet as to where it is best to spend your retirement years. What is decisive, however, is which data is included in the respective rankings. A ranking by Moneytrransfer.com seems to include the most important factors here. The following criteria were taken into account:

For the ranking, the platform compared 21 countries in Europe. The better a country performed in one of the above categories, the more points the country received in the ranking.

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Country ranking: Spend your retirement well – A good database is important for a good ranking

Various data sets were evaluated in the pension ranking in order to assess where the old age can best be spent. The selection of reputable data sets and making them transparent speaks in favor of MoneyTransfer’s pension ranking. The ranking uses data from the following institutions:

A country in which many Germans like to go on vacation makes first place in the pension ranking. In the Allensbach market and advertising medium analysis (AWA), Spain made it to third place among the most popular travel destinations for Germans. The country between the Atlantic and the Mediterranean even took first place in the pension ranking. But when it comes to pensions in Mallorca and Co., there are a few things to consider.

Where to go in old age: These are the five best pension countries in Europe – popular holiday destinations are also among them

A good acclimatization, moderate cost of living and good health care catapult Spain to first place in the pension ranking. It is followed by Belgium with the best real estate prices of the top five pension countries. Another popular holiday destination takes third place. Portugal scores particularly well when it comes to the cost of living. The friendliness also has an impact on the holiday home. In fourth place, this also plays a role.

The friendliness speaks not only for a holiday in Greece, but also helps the country on the Mediterranean to place fourth in the pension ranking. Real estate prices are also important here. Great Britain makes fifth place. However, the difference to the Netherlands in sixth place is only half a point. In the Netherlands, pensioners receive higher salaries than in Germany.

Pension and old age: A holiday can make the decision easier

Where you would most like to live in old age is of course always an individual decision. A holiday in the relevant country can enable an initial assessment.

It should be checked at an early stage whether the pension is sufficient for emigrating or whether it needs to be supplemented with a mini-job first. The pension formula makes it easy to calculate the amount of your own pension. Changes in pensions should also be kept in mind in 2022. (Lucas Maier)

Rubriklistenbild: © Jens Kalaene/DPA