Retirement Guru: Retiring Abroad — Malaysia or Portugal?

If you are Singaporean and thinking of retiring abroad, Forbes recently highlighted 11 destinations where you can enjoy a comfortable lifestyle without the need to work.

• Columbia
• Vietnam
• Bali
• Thailand
• Malaysia
• Panama
• Spain
• Montenegro
• Portugal
• Costa Rica
• Greece

I took the suggested locations and used the following factors to determine which of these locations would be most attractive for Singaporeans.

1. Financial Affordability

Cost of Living: Lower living costs compared to the retiree’s home country make these destinations feasible for retirees on fixed incomes. Choices: Ecuador, Mexico, Malaysia

Affordable Healthcare: High-quality healthcare at a fraction of the cost in developed countries. Choices: Portugal, Malaysia, Costa Rica

2. Quality of Life

Climate: Mild, pleasant climates suitable for year-round outdoor activities. Choices: Portugal, Costa Rica, Ecuador