There are some unexpected global destination to retire, according to the
2014 Retire Overseas Index. Kathleen Peddicord, "Live and Invest
Overseas" author and publisher,George Town Penang, is one of the city as world best places to retire.
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"Located in northwest Malaysia, George Town gets its fair share of rain, particularly in April and October," it says.
One attraction for retirees is the fact that Malaysia has good, affordable and quality medical and dental services.
"Foreigners routinely travel to Malaysia for affordable, quality medical and dental services. There are several hospitals and clinics in and around George Town," the report points out.
As far as the cost of living is concerned, Malaysia ranks third, behind only Thailand and the Philippines, in the Global Retirement Index, in terms of lowest living costs.
But the catchline, which is likely to arouse the interest of US retirees, considering that seniors generally are restrained about their spending, is that "an American couple can get along extremely well on $1,500 a month!"
But a major attraction about George Town, and indeed, about Malaysia is the fact that it has a British colonial flavour.
Over the past decade, Kiplinger says, 19,488 foreigners, including 815 North Americans, "have taken advantage of a programme called Malaysia My Second Home, which offers retirement incentives such as long-term residency status and breaks on car imports and purchases".
But Kiplinger also mentioned the caveats.
"Applicants must meet strict financial requirements. But there is a charm and bustle to George Town, the capital of the Malaysian state of Penang. A Unesco World Heritage site, Malaysia's oldest city is known for its rich history but also for its street food and intriguing architecture.
Watch the video below:
http://live.wsj.com/video/the-world-best-place-to-retire-is/EB5CE4E0-092D-4679-A1FA-C8A24149AEA8.html
Kiplinger picked Penang as the 4th best place to retire abroad 2013
Kiplinger, which has an online publication, in its latest issue, describes the climate of George Town, with a population of about 740,200, as hot and humid."Located in northwest Malaysia, George Town gets its fair share of rain, particularly in April and October," it says.
One attraction for retirees is the fact that Malaysia has good, affordable and quality medical and dental services.
"Foreigners routinely travel to Malaysia for affordable, quality medical and dental services. There are several hospitals and clinics in and around George Town," the report points out.
As far as the cost of living is concerned, Malaysia ranks third, behind only Thailand and the Philippines, in the Global Retirement Index, in terms of lowest living costs.
But the catchline, which is likely to arouse the interest of US retirees, considering that seniors generally are restrained about their spending, is that "an American couple can get along extremely well on $1,500 a month!"
But a major attraction about George Town, and indeed, about Malaysia is the fact that it has a British colonial flavour.
Over the past decade, Kiplinger says, 19,488 foreigners, including 815 North Americans, "have taken advantage of a programme called Malaysia My Second Home, which offers retirement incentives such as long-term residency status and breaks on car imports and purchases".
But Kiplinger also mentioned the caveats.
"Applicants must meet strict financial requirements. But there is a charm and bustle to George Town, the capital of the Malaysian state of Penang. A Unesco World Heritage site, Malaysia's oldest city is known for its rich history but also for its street food and intriguing architecture.
