Increasingly, Americans in search of retirement in a place where they can stretch their (likely meager) retirement savings are looking beyond U.S. borders.
That's according to an Associated Press report, which found that between 2010 and 2015, the number of Americans who retired abroad increased 17 percent—with even more retirees following their lead over the next 10 years as boomers leave the workplace.
The Social Security Administration puts the number of American seniors living abroad at just under 400,000, with the most popular destinations being Canada, Japan, Mexico, Germany and the U.K.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
