With the government delaying the age of pension entitlement, many seniors approaching their golden years have been left wondering if they can afford to retire as expected. If you have been savvy enough to sort out your finances well in advance and have assets you can put towards the retirement of your dreams in foreign climes, here are three steps you need to take before you relocate.
1)Maximise your income. In addition to any pension funds or investments you have available you may want to realise other assets such as your home and car. It may well be that you will not require your car where you are moving and it would certainly be tricky to relocate it. While some people do like to keep a second home back in Blighty, many choose to downsize to maximise the cash they have to invest in their property abroad. If your home is currently for sale and you are having difficulty selling it, you may want to consider obtaining a quicker sale by selling to a professional property buyer such as http://www.gateway-homes.co.uk to save you time.
2)Tie up loose ends. If you don’t work and aren’t claiming benefits from the government you may overlook the need to inform the authorities of your intention to relocate, but you should let your local council know as well as all of your financial institutions and of course, your friends and family.
3)Get ready to go native. As English speakers we are very lucky that many other countries speak our language well. However, whether you are planning to move to Europe or further beyond it could save you a lot of hassle (and even money) if you learn at least the basics of the local language before you go in order to avoid any potential confusion.