Retirees will find some of the lowest cost of living, rich cultural experiences, and stunning scenery.
This marks a 15 percent year-over-year increase from 2023.
So yes, retiring in the U.S. is getting more expensive.
A happy older couple holding each other hand’s while walking on the beach in Pangkor, Malaysia.Credit:Shelyna Long/Getty Images
But there is another way: retire abroad.
And that includes its major cities.
“However, according toSmartAsset, many American retirees choose to move to Penang Island and why not?
It offers the perfect mix of city life, culture, and gorgeous beaches lapped by azure waters.
The Malaysian Representative Office will then review your app and make a decision to approve or deny your visa.
