This & # 039; exceptional & # 039; Country is number 1 in the world's best retirement locations

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<p class = "Screen Atom Screen Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Portugal wins first place for the best travel destination abroad Retire, so a new & nbsp;ranking& nbsp; by International Living. "data-reactid =" 15 "> According to a new ranking by International Living, Portugal wins the first place for the best destination to withdraw abroad.

<p class = "Canvas-Atom-Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Going to a foreign country is toogrowingin popularity. The number of retirees who collect social security checks outside of the United States exceeded 400,000 in 2017.Government data."data-reactid =" 16 "> Retirement abroad is also growing in popularity, with the number of retirees collecting social security checks outside the United States exceeding 400,000 in 2017, according to recent government data.

Those who want to spend their golden years abroad will appreciate the country's Mediterranean climate, sandy beaches and fish cuisine, the magazine said.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" The quality of life in Portugal is really exceptional. I think that People believe that life in Europe costs a lot because they may go on vacation there and it will be very expensive to live there, ”said Jennifer Stevens, editor-in-chief of International Living, to & nbsp;YFi PM."data-reactid =" 18 ">" The quality of life in Portugal is really exceptional nowadays. I think people think it costs a lot to live in Europe because they may be vacationing there and think it will be so. It is very expensive to live there, "said Jennifer Stevens, editor-in-chief of International Living , opposite YFi PM.

"But it's surprisingly affordable to live like a local," she added.

International Living is one of the best places to go abroad in 2020.

Compared to living in the United States, International Living's Portuguese correspondent, Tricia Pimental, spends around a third less on spending in Portugal. She noted that "you can live a comfortable, if not extravagant, lifestyle for about $ 2,500 a month."

Panama took second place on the list, followed by Costa Rica, Mexico and Colombia. The ranking takes into account factors such as cost of living, pension benefits and health care.

Stevens said Panama is a great option for those who want to build a nest egg for a long retirement in the United States. The Central American nation has great infrastructure and a network of hospitals, she said.

A poll crowns Portugal as the best place to retire in 2020. (Courtesy of Getty)

"You can rent a waterfront spot in the city for $ 1,500 or less a month, and even less if you want to be on the beach," she added.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "McKenzie Stratigopoulos is a producer at Yahoo Finance. Follow her on Twitter:@mckenziestrat"data-reactid =" 65 ">McKenzie Stratigopoulos is a producer at Yahoo Finance. Follow her on Twitter: @mckenziestrat

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