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Fortunately, ours is a vast world, made up of 195 countries.
Of themore than 700,000 estimated foreignersliving in Portugal, roughly 7,000 are American citizens.
Research published in 2022 byU.S.
News & World Reportdetermined Portugal as the second best country for a comfortable retirement.
So, lets break down the cost of living in Portugal.
This will help you determine if relocating there in retirement is asmart financial move.
And the other essentials in and youre basically looking at $3,600 to be safe.
For some extra perspective, the average Social Security check amount per recipient in 2024 is $1,907.
If both you and your spouse are retired, youre bringing in an average of $3,814 a month.
That alone can set you back at least a couple grand.
And dont forget your emergency fund!
You mustnt let your normal savings routine come unhinged.
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