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Retiring abroad is an appealing idea for many reasons. Doing so offers the promise of a lower cost of living , beautiful scenery, and a fresh start in a new culture.
I filed for bankruptcy at 63; all I had were my pensions. I got a job teaching English where I met people from all over the world. I visited Spain and realized I could afford to retire there, so I ...
The cost of healthcare is a concern for retirees in the U.S., and rightly so. According to the Fidelity Retiree Health Care Cost Estimate, if you are 65 years old in 2023, you need $157,000 saved...
He met his now-wife, Elisabeth, shortly after he retired, and eventually took the leap to move permanently to Spain with her. Fawcett, now 67 and a Spanish resident through marriage, couldn't be ...
Taxes: Retirement income is subject to taxation in Spain. According to HSBC, Spain’s income tax rates range from 9.5% to 23.5% , depending on your taxable income band.
Spain accepted 478,990 new immigrant residents in just the first six months of 2022 alone. During these months, 220,443 people also emigrated from Spain, leaving a record-breaking net migration figure of 258,547. [8] More women than men chose to move to Spain during 2022; this is due to higher rates of emigration from Latin America. [8]
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