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'Plan carefully' for overseas retirement

Those planning an expatriate retirement have been advised to make sure they are aware of the negative aspects of life abroad.

According to international wealth website Shelter Offshore, the decision to move overseas is not for everyone and those who do choose to go ahead must be prepared for certain eventualities.

The portal reminds readers that they are likely to need more care as they get older and may have to consider taking out expatriate health insurance.

"You have to think ahead, plan ahead and be very realistic about what moving to live abroad in retirement will be like," it notes.

In addition, would-be expats should remember that moving means giving up a familiar network of family and friends.

Financial issues may also be a concern, as exchange rate fluctuations and crashing property prices could make people worse off than those in their home country, it adds.

In related news, France has topped a list of the world’s most popular destinations for those buying property abroad.

Spain claimed second place in the poll conducted by mortgage firm Conti.ADNFCR-1788-ID-19375601-ADNFCR

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