Top 5 Places to Retire in Europe

[@seamusp5991]

Great interview! 😊

[@ExpatsEverywhere]

Thank you, Seamus! Andrew was great!! - Josh & Kalie

[@ParisianThinker]

I am retired living in France for 18 years. French bureaucrats have not bothered me at all. In fact, they are always available to help you. France does not tax Social Security or Pensions, IRA's or 401 (k's). The health care is top notch. It's best of all the countries discussed in this video.

[@nesitbotica5919]

Good to know about the Social Security and IRA's. Thank you!

[@natalias1212]

How much do you need monthly to live in France? USA ss is not that great.

[@InMyBrz]

I was in Naples back in the 90's and took the train to the french coast ; Entebes, Nice, Cannes and really liked it. Have not given it a thought since then but it seems to be a decent place to live I took french all through HS and my mother was French canadian, but don't remember much, maybe it would come back ? How would you compare the French coast to the Algarve in Portugal ? IS the water in the beach coast COLD ? My definition of COLD is below 70f It's not mentioned much but might be a new up and coming place nobody knows about !

[@natalias1212]

@@InMyBrz People do not disregard French position in Ukrainian war France is acting aggressive towards Russia and might get nuked. Wait till the war is over!!

[@davidleong6606]

Thx Josh & Kalie, judging from some of the comments, 😮 I guess you can’t please everyone… but common viewers, it’s just another quality guest sharing his/her researched perspective. Every guest’s POV isn’t for everyone…so chill. Thank you Josh & Kalie for working hard for us follower so that we’re well informed to make the best decisions for ourselves! Keep up the great work! ❤

[@ExpatsEverywhere]

Thanks for the support, David. We appreciate that. We completely agree with your take. We won't be discouraged because we know there are followers like you that we're serving with our content. - Josh & Kalie

[@tonynunes4965]

Andrew's list seems pretty arbitrary, especially considering it's for "retirees". His main criteria seem seem to be taxes, bureaucracy and convenience. Of those only convenience is probably a major consideration for *most* retirees. *Most* retirees top concerns are affordability, healthcare, quality of life and safety or security (including geopolitical safety). A number of those places would score very low one or more of those metrics.

[@angeldetierra3855]

Great comment. Thanks!

The “don’t work too hard in Spain” really bothers me. We work hard indeed, it is more than we don’t stress out over the work place and try to have fun while working. I mean we try not to take it too seriously because we know we have to work but might as well “have fun” while at work. We have a saying “si no me rio, lloro” which means “If I Don’t Laugh; I’ll Cry”. I hope this makes sense.

[@nichols1969]

I think he was referring to retiring there. Spaniards do indeed work hard, long hours, which is why they need siestas!

[@AoyamaIchome]

I work in Spain for a year now, I see my Spanish co-workers work hard and put in long hours to my surprise.

[@thomashilmersen711]

I worked in Spain a bit, too, and what you are saying is spot on. This "tranquilo" thing seems more like a stereotype. In fact, when I am in Madrid, I always meet lots of stressed out people, as in most capital cities.

[@CarlosMaureira-p9v]

When the weather , food and vino are kind to you then why work too hard? On the other hand if the weather isn't, let's work hard and drink! 😢..

[@victordasilva5255]

No mami..you dont

[@IMPULSOESTATICO]

Nice. One of the few KZbin channels that keep it honest. The guy didn't sugarcoat Portugal and placed it #1 just because the channel is based in Portugal 👏

[@ExpatsEverywhere]

We appreciate that! Kalie had to ask and he answered honestly again. - Josh & Kalie

[@anaramos2802]

Really?!

[@pettynerd1285]

If money is an issue, most of these places don't make sense. Ireland is €50k per person per year?!

[@ParisianThinker]

That's not too much to ask for in my opinion. Ireland is expensive.

[@DasdeutschesBand]

10:07 "you can rent SMALL appartments for 5000-6000 EUR a month". Well, that's it! I'm packing my bags tonight.

[@ExpatsEverywhere]

:-) Hilarious comment. - Josh & Kalie

[@ethereumrise7860]

😂😂

[@Pauln71]

@@DasdeutschesBand 🤣🤣🤣

[@ganymeade5151]

America has become unaffordable for average earners and is quickly becoming a country that favors the rich and also the poor. The majority of Americans are wealthy partly due to the computer industry and having higher educational levels than most. If you are poor, you will get lots of free stuff, free training, better chances for advancement, and eventually prosper. However, if you are an average or mid-range earner, you will get no help, even though you might need it. The working class, and lower middle class is forgotten.

[@InMyBrz]

I spend less than that PER YEAR here in Brasil but I own my condo

[@lifetothefull8416]

Interesting video. We had planned on Lisbon for 4 years and rented an airbnb in September for 2 weeks in Avenidas Novas to get a feel for life there and fell in love. Our kids came from to UK and South Africa to meet us there. Then the NHR bubble burst and taxes made it unaffordable for us retiring from Florida in 2026. We have looked at Athens but the South of France has really caught our eye. They don't tax your US pensions and you can join the health system after 3 months of residency. Properties in our price range are definitely smaller in Nice and Marseilles but we still have two years left to retire.

[@ExpatsEverywhere]

Southern France is very interesting to us too. We were there 2 Christmas' ago and we had an awesome time. We had great weather the 2 weeks we were there traveling from Marseilles to Monaco. - Josh & Kalie

[@Maggie-zr2ow]

I find it so interesting that people make this international move. How do you approach the language barrier in these countries? I’ve seen people relying on translation apps as they learn the language but i imagine most people cannot become fluent. From what I’ve seen, this issue seems not be covered much by everyone. So how do you approach this?

[@StorytellerSueW]

@@Maggie-zr2ow start ahead of time. You can do Duolingo or similar and get a feel for if the language "works" for you or not. I learned Portuguese during the pandemic years in advance for an idea to travel/work/live in Portugal - but it was Brazilian! But I had learned Spanish in HS and took to Portuguese quickly. Years ago I learned some French for a few months prior to going to France to see the Tour de France in the stages through the Pyrenees to Paris. I suck at French, but may take it back up as the Portugal tax change in 2024 may have tanked my plans to retire there (I just retired May 31). My way-back dream during that Pyrenees trip to retire near there may be back in my sights. And if so? Well, I can still use my Portuguese by visiting from Pau or Toulouse!

[@peterhernandez8852]

I am baffled by his apparent disregard for the best tax treaty the US has with all of Europe. France and the US have a treaty which allows US pensions and capital gains to not be taxed in France. US retirees living in France only pay taxes to the US. If his list is based upon minimizing taxes during retirement, then France wins hands down. Its healthcare system is also rated number one in the world by the WHO. In other videos I have seen of his, he has talked negatively of the high tax burdens in France. He needs to read the tax treaty and get his facts straight.

[@LeoHipolito]

I agree 👍, France is number 1 for US retirees! More affordable than you think, plus great Healthcare.

[@GeraldFigal]

Yes, you are right about the US-France tax treaty for retiree income. Another reason I really don’t like this guy. His priorities and metrics are narrow and sometimes he just doesn’t get it right.

[@mjg239]

What about Germany? Curious what their tax treaties are …?

[@texaszag8748]

@@peterhernandez8852 To be fair, he’s really only interested in people who have sizable sums to invest, so he’s probably more concerned about taxes on passive income than he is on retirement (social security, pension) income and thus has not burdened himself with knowing how social security might be taxed in one country versus another. Again, he wants to tap into the wealth of high earners, us folks who live on more modest means are not even blips on his radar.

[@ParisianThinker]

Lived in France for 18 years. It's a great place for retirement. The only issue is that it is very difficult to make friends with other retirees due to different cultures and values.

[@macaccount4315]

Hi there, as an international tax expert (and a CPA), I could not disagree more with these retirrment ideas. I hate to say this, but this advice is “so 10 years ago”. I have 4 homes around the world (2 in Porto), and tax mitigation is always a concern. However, I never advise people to invest in some of his recommendations because of political and social instability. People with wealth do not invest in those counties (except for one he cited). Look forward to meeting you at the next expat get together. ❤

[@scooter10421]

This video was very informative. Thank you. I always enjoy the videos from Kalie and Andrew.

[@ExpatsEverywhere]

Thank you for the comment. - Josh & Kalie

[@ganymeade5151]

Helpful video. Thanks for posting. Moving elsewhere is a huge expense and change for many people. People want to hear the pros and cons to make better decisions.

[@ExpatsEverywhere]

You're welcome. Thank you for watching. We're glad it was helpful. - Josh & Kalie

[@JohnStarkey-u6z]

The subject of language in Greece: I spent a few days during a stop over in Athens. I decided to run an errand, and headed out into the city. I've done the same in most of Europe. On that excursion in Athens, I got turned around. Losing your bearings becomes a bigger hurdle when you can't even read the signs. Greek uses a different alphabet. I've never felt so lost & confused in all my life.

[@ExpatsEverywhere]

That's real. - Josh & Kalie

[@lorenk.775]

Many people know English in Greece, especially so in touristic regions! even the signs are in both Greek and English in many or most places. so i don't know what you're talking about.

[@JohnStarkey-u6z]

@@lorenk.775 I am probably much older than you are. When this happened to me, there were no bilingual street signs.

[@lorenk.775]

@@JohnStarkey-u6z I guess that was in 1970s or earlier. 😄😄

[@JohnStarkey-u6z]

@@lorenk.775 I can't recall exactly, but probably circa 1974.

[@JuliaMillard-wk8bb]

Informative video.... Quite a few totally unfair negative comments saying he is all about taxes only, rather than life enjoyment. Optimising your taxes is one of the criteria for care/worry-free retirement life style. Yes, his targetted audience are obviously high net wealth people but it doesnt mean a regular earning person shouldn’t look into optimising the taxes, especialy at the retirement stage.

[@gregmiller9437]

Good interview. Andrew is a great source of information. Many are not liking him in the comments, due to his higher income focus. Yes, his focus is on very high incomes, but his evaluation of areas is spot on in so many regards. The fact he has actually lived and owns properties in many countries, and his business is helping others retire, invest, and/or move there, makes him a wealth of knowledge. Of course I can't afford Monaco, but having him affirm my personal reasons why I can't, is pertinent. Knowing the bureaucracy of France is so slow, is just one con to weigh against all the Pros for another example. I watch his videos for his experience and insight, and thank you for this video. Keep up the great work!

[@ExpatsEverywhere]

Thanks for your insight, Greg. We appreciate level and respectful comments like this. By no way are we Andrew's clientele on the business side of what he does but we're definitely viewers. - Josh & Kalie

[@lorenk.775]

Exactly! But some see the forests only for the trees!

[@JenShea]

I thought this was an Andrew video, then Kalie pops up 😊. It’s great to interview different different experts.

[@ExpatsEverywhere]

Glad you enjoyed it! And glad to surprise you. - Josh & Kalie

[@MikeByberg]

He is wrong on one point. Groceries are ridiculously expensive in Ireland. The second most expensive place in Europe for groceries behind Denmark.

[@daneenking1219]

I’m from Dublin, definitely not a good place to retire, the health systems is terrible medical prescription are expensive, at the moment city is covered in migrants in tents and now 1000 unvetted migrants living in tent villages destroyed villages elderly are scared & people are fed up rent no chance in finding one, really expensive and city no a no go area due to violence, ireland changing and not in a good way

[@diannaboyd7876]

Thank you for honest sharing of information.

[@Maggie-zr2ow]

Thank you for sharing. I’ve seen what you’ve described here about Dublin, and other areas of Ireland, on news reports. It’s pretty shocking. We are seeing this outcome around the world and unfortunately it will become the norm in many places. This is the part that people don’t want to face just yet.

[@InMyBrz]

INVADED by N africans and ruined

[@relbik66]

Awesome you included why Portugal didn't make the list 👍 I love the fact its not on top5, makes it more like #1 for me 😅

[@joaomramalho1]

Hope he keeps it out forever so that his buddies stay well away!

[@ExpatsEverywhere]

Thanks! 😃 That's really funny. Andrew in other content has talked about reasons why to not go to the place where everyone is going and to also not be scared to be the first. If you like a place but not everyone is going there, still go! Check it out and see if it works for you. - Josh & Kalie

[@ParisianThinker]

@@joaomramalho1 Portugal is superior in life expectancy being 84.4 for women and 78.6 for men. Healthy life expectancy is 71. I don't appreciate all that sun since I lived in Hawaii. My skin is important to me. lol Make sure you can afford to pay the taxes on your SS and pensions and everything else in euros.

[@lorenk.775]

​@@ParisianThinker 😄😄 If you don't want to be much exposed to the sun simply wear long sleeves and a big hat or take an umbrella and avoid exposure to the sun during the hottest hours of the day/stay in shade!

[@Trevor_BL]

Great video.. You guys are on a roll with your content! Love Andrew, love his book, love his perspective and love you guys!

[@ExpatsEverywhere]

Thank you, Trevor. - Josh & Kalie

[@christopherherbert2407]

These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies and all they see is their greed and emerald cities

[@cherylhills3227]

My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for. It's disheartening

[@AliciaCrone]

Well, they say if you can't beat them, join them... there are still a lot of opportunities to explore

[@rodgertim2881]

No doubt being financially free and not having to worry much about health care and other expenses especially after retirement cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential

[@Sanchyfab]

Yeah and Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional in order to navigate this recession and achieve potential high yields and taxation

[@V.stones]

most people miss it but the secret to retiring comfortably is finding a way to make returns while your money works for you. My Dad, as i remember started saving for retirement quite late but I know he was making more than 10k returns from his investments monthly and it was completely passive

[@JuliaMillard-wk8bb]

A few comments about the LANGUAGE, from personal experience. Spain - you definitely 💯 need to learn Spanish. The Spanish, like the French, dont like learning any foreign languages, even internationally spoken English. I'd say the same about Greece. Portugal - you can EASILY get by speaking English, a lot easier than in Spain or other Mediterranean countries. Montenegro (absolutely stunning place!)- you do need Montenegrian language over there (which is basically Serbian) and if talking about its usefulness, its more limited than other European languages. You'd need to be prepared to learn the local language wherever you are. I believe its important and at minimum respecful towards the country you are in... but I would say - out of the non-English speaking countries, Portugal is the most English-friendly county. Once again - my personal experience 😎

[@mikeabbott8521]

It is refreshing to see Andrew sit down as the interviewee on someone else's channel. His target audience at NC is the high net worth individual so his focus is normally on the needs and wants of those persons; I enjoyed hearing his take on purely retirement oriented folks. Taxes are also among the highest concerns of people uprooting and retiring to a new country. My wife and I were all in on Portugal until the NHR was taken off the table. Our modest (by US standards) retirement income puts us in the top tax bracket in Portugal. We were willing to put up with the soul-crushing bureaucracy in PT, but not if we have to pay extra to endure it. I also realized that I don't have the patience to "just be Portuguese about it", to borrow a phrase from another PT-focused channel. I'm a little surprised Andrew didn't mention Malta - much friendlier tax-wise for Americans drawing social security and/or government pensions, English speaking, booming economy, convenient air hub for the rest of Europe. It's not all concrete and asphalt. We're making our second trip this Autumn. Health care in Montenegro would give me pause, but otherwise his list is defensible.

[@ExpatsEverywhere]

Thanks for sharing your thoughts, Mike! We're guessing had we asked him about Malta instead of Portugal, he'd like have said the same thing. It was probably just outside of his top 5. You should get to know Andrew when the cameras are off, our guess is that most people would like him because at the end of the day, he's a real person. - Josh & Kalie

[@joarvat]

If you are a little adventurous, I'd recommend Romania. Up-and-coming place, quite cheap, good climate, nice nature

[@ExpatsEverywhere]

Good shout! - Josh & Kalie

[@MeQuantumGod]

I think people focus on language skills more than necessary. I lived in Asia for many years and I can only say that I had "Survival" language skills in any of the languages where I lived and traveled. While you may not be able to fully be emersed in the culture until you gain more language skills, you can still live quite well with only minimal language skills.

[@ExpatsEverywhere]

Very true. We've experienced the same thing. - Josh & Kalie

[@spkaiser1]

Congrats, Kalie. That was a much nicer side of Andrew than he often shows on his channel. He can go on some anti-government, anti-tax extreme runs sometimes. Interesting what he said about Ireland, though it seems to be (almost) impossible to acquire citizenship there. Plus, I think the Stamp 0 program requires one's accounts to be certified by an accountant every year -- which if someone who doesn't like bureaucracy would seem a pain. Man, after 18 months learning Portuguese I really relate to his statement on the impact of language. I'll check out his new series. Sounds interesting. I wish I was his demo (5-6k per month for a small apartment in Monaco).

[@joaomramalho1]

Most obnoxious guest ever. He’s even worse than this? 😂

[@shinyshinythings]

@@joaomramalho1If you found him obnoxious here, you would not enjoy his channel at all.

[@ExpatsEverywhere]

We wish were that demographic too! HAHA Andrew in person is a really nice guy. We met him in Singapore years ago when we lived there to do a video and he's super sharp and nice. - Josh & Kalie

[@anaramos2802]

@@ExpatsEverywhere Glad to hear that because in the videos he seems to be quite arrogant.

[@ExpatsEverywhere]

@@anaramos2802 he doesn't come off that way with us.

[@diannaboyd7876]

Montenegro looks beautiful and has the same Mediterranean climate as Italy. Also, Malta is surprisingly easy for a retiree to get a residence visa. It is English speaking and has the Mediterranean climate and cuisine.

[@InMyBrz]

I visited MALTA years ago while on a container ship and loved it Some questions ; do you ever feel claustrophobic on the island ? someone told me the weather can turn bad there and there is always a lot of wind ? is the ocean water COLD ? I mean below 65f most of the year, I am from Florida where it gets to 80f and I am used to that temperature, HATE FREEZING while swimming ! My research tells me there are a lot of jobs there but you have to BE THERE to really apply for anything.

[@lorenk.775]

Malta sucks balls. 90% yellow buildings and yellow landscape everywhere!

[@diannaboyd7876]

@@lorenk.775 It depends what is most important to the individual. Yes, Malta is a tiny speck of pale rock, but it is at a nice latitude and the English language issue may be significantly more important to people of retirement age, which is the group being addressed in the presentation. Visiting Spain or France, Italy or Croatia as a tourist is one thing but actually living there for the rest of your life can feel isolating if you are not fluent in the relevant language.

[@lorenk.775]

@@diannaboyd7876 😄😄 It's also right next to the area where many illegal migrants on boats try to enter the E.U. and you can live in any of those countries or others just fine as long as at least a significant amount of people know at least basic English enough to communicate medium level. Just the vast yellowness i described in the previous comment is enough to turn off people as me from even going there for more than a few days stay.

[@paulogarciadesousa]

I’m not too sure I’d put Greece in the top 5, but maybe I was just unlucky or the place has gotten significantly better since I was there last… 🤷‍♂️ Other than that, his list sort of makes sense if you’re one of the selected few that are able to afford living in Monaco… 😉

[@joaomramalho1]

Meaning it makes no sense for the 99% lol

[@ExpatsEverywhere]

True, Paulo. I'm not sure the Greece he's really talking about is Athens, which is what most people think of first when they think Greece. Right? Monaco would be nice. :-) - Josh & Kalie

[@paulogarciadesousa]

@@ExpatsEverywhere , absolutely! I loved Monaco, especially in the offseason, but greater Athens was… less than congenial, let’s put it like that! 😅

[@KikiAndJeffreyPearl]

He did mention Crete, we were just there a couple or weeks ago. The people were great and the food was awesome! We are going back.

[@budadams412]

Great things to think about. Portugal is still my #1. 😁

[@ExpatsEverywhere]

Thanks for the comment, Bud! - Josh & Kalie

[@Stopit77]

I enjoy listening to this guy; have watched his channel as well. You can pick and choose what works for you, you don’t need to relate to every single video of every single KZbinr. People need to chill in the comments.

[@ExpatsEverywhere]

You get it. 😁 ❤️ 😉 - Josh & Kalie

[@MillennialsWithMoney]

Amazing!! Well done for this one guys, great discussion 😁

[@ExpatsEverywhere]

Thanks so much! Good to see you here. - Josh & Kalie

[@oesoy]

I've watched a couple of videos of the Nomad Capitalist and from what I gathered he caters mostly to a high net worth audience. Which is fine, but probably not the EE audience. It's nice to see another perspective regardless.

[@nesitbotica5919]

Great interviewing of the Nomad Capitalist, Kalie! Let me start by saying I am partial to Portugal. I love the Portuguese people and am super happy with the overall affordability, beautiful nature, fresh air, temperate weather, infrastructure, quality of the food (and the selection is unbeatable). I look forward to checking out his new series. I've been keeping an eye on Panama but it gets pretty hot there. For now, we're staying put in Portugal and enjoying the fresh ocean air and big waves of Nazare and the kind Portuguese people! (It is true what he says about the slowness of bureaucracy though. Fortunately my husband speaks 5 other languages so he caught on pretty quickly with the language thing. But depending where you live, many speak very good English!)

[@phyllispipkin2160]

Thank you, information is knowledge and knowledge empowers you! I love looking from all angles and y'all present good basic information that will help everyone dig deeper in their own reseach! Bravo! And thank you again 🩷

[@ExpatsEverywhere]

You’re welcome. Thank you for watching! It’s always good to dig deeper after a place peaks your interest. - Josh & Kalie

[@claritaakerman2843]

Agree Greek people are nice. Just came back from a mediteranean cruise and the greeks were the nicest people. .... and spoke English ... opposite to Italy.

[@paularnold-schutta9907]

Notwithstanding Andrew Henderson's general opinion's about his top 5 places for retirees , do your research! Kalie you should have challenged him on VAT rates in Greece (The standard VAT rate in Greece is 24%, and certain goods and services are eligible for a reduced VAT rate of 13% and 6%. - Global VAT Compliance site).

[@ExpatsEverywhere]

Here’s why we don’t bother talking VAT rate in Europe… www.eurofiscalis.com/en/vat-rates-in-ue/ If you want low standard VAT, head to Singapore. - Josh & Kalie

[@veronicadcf]

Great points. Living like a queen/king to some means great affordable health, great community, familiarity with cultural traits (like language, as he mentioned), walking the streets and feeling safe, enjoying legit time-off from work. This may have absolutely nothing to do with paying less taxes. Keep great informative videos like that coming, guys!

[@ExpatsEverywhere]

Thanks, Veronica. That’s right, it does mean different things to different people. We’re looking forward to seeing where he chooses to go with the series. - Josh & Kalie

[@chrisb236]

It's great you guys talked to each other. I currently live the Nomad Capitalist lifestyle with my family and follow you both closely... Currently live in Serbia, Hungary and Mexico :) We might replace Mexico with Argentina.

[@ExpatsEverywhere]

Nice to hear from you, Chris. We've know Andrew for several years now. We met up with him back when we lived in Singapore and we've stayed in touch ever since. Argentina seems to be turning things around as far as interest from foreigners is concerned. - Josh & Kalie

[@jeffreyhall8514]

Any specific reason why potentially replacing Mexico with Argentina?

[@chrisb236]

@@jeffreyhall8514 after spending 2 years in mexico we like it but don't love it. Safety is an issue for us. The disparity between rich and poor is an issue, and the infrastructure isn't that good either relative to what you can get elsewhere. This is just our opinion and other people have different opinions. Argentina is rapidly heading in the right direction from a libertarian perspective. The crime is much lower and more diversity in landscapes and easier ability to attain citizenship, although not much easier than Mexico. Overall infrastructure is better in Argentina. Again this is just how we feel about it and others may see these things as not big issues of Mexico. We would more than likely choose Mendoza as a place to live over Buenos Aires just for the reason we dont like Mega cities.

[@coachab100]

I lived in Cap D’Ail for 3 months which borders Monaco. Loved that area just a short walk to Monaco. Groceries in Monaco by law are same prices in all of France! Train access is excellent and Nice airport is close by. And I stayed right on the Sea…like a stone’s throw!

[@tallto]

I finally got to visit Nice and other parts of Cote d'Azur last month and it was amazing esp in terms of transportation as you mentioned. Aside from groceries, how is the cost of living in other categories esp rent, etc. I would love to stay there for at least a month or so next time

[@coachab100]

@@tallto monaco is expensive rent wise but you can get something reasonably in the area or in Nice.

[@tallto]

@@coachab100 thanks for your reply!

[@ExpatsEverywhere]

Thanks for sharing! How often would you go into Monaco? - Josh & Kalie

[@coachab100]

@@ExpatsEverywhere every day that I was in town! I traveled all over but my home was in cap D’Ail! My gym was in Monaco and the big grocery store was there. The path along the ocean between Monaco and Cap D’Ail was breathtaking.

[@suebowman7258]

Great discussion! I Love Nomad Capitolist! I am glad that he was honest about Portugal. Portugal is a great tax friendly digital nomad like me, but not for retirees. My PT CPA said after March 2021 NHR will tax pensions and social security 10%.

[@ExpatsEverywhere]

Thank you, Sue. Good to see you in the comment section. Yes, that's right. Soon after we moved to Portugal, the NHR program made it's first change, which saw pension and SS income tax rise to 10% from 0%. - Josh & Kalie

[@InMyBrz]

@@ExpatsEverywhere NOT the worst tax rate in the world

[@ExpatsEverywhere]

@@InMyBrz No, but it has changed again since then. - Josh & Kalie

[@ingridhenkel]

Seems like southern Spain is ripe for investment especially since many US seniors and elder-tweens (GenX) can't or won't be able to afford retirement in the US and some areas there are very cheap. For what you would spend on a single home in Washington State, you could buy five or six houses and spend the rest of the money on remodeling them especially if you are into self-sufficient systems like solar and water catchment. I don't know what the reality might be so feel free to poke holes in my hypothesis.

[@jeromehaymaker5071]

As we watch the dollar decline, other countries have similar issues. Knowing the countries financial situation is relevant for a long-term stay.

[@tomd6103]

Interesting you mention patience. In my meditations I have realized that With patience, you will achieve all things With impatience you will achieve all things faster.

[@ExpatsEverywhere]

😁 - Josh & Kalie

[@alexgray1905]

This is interesting for people in the 98%-0.01% wealth range, retired or not. This is not for the vast majority of people.

[@ExpatsEverywhere]

What do you mean, Alex? 2 of the 5 are hugely popular for broad affordability and one is low cost and considered the road less traveled. When he gave us his list, it seemed really balanced to us in terms of cost. - Josh & Kalie

[@alexgray1905]

@@ExpatsEverywhere You are right, 2 out of the 5 are places where normal people might retire, and I frankly don't understand why he had them on the list. This guy and his channels are for the rich, and he is the first person to tell you that.

[@amitmazumdar4284]

Good idea to bring him on - it does help to know his perspective before you watch, but he did try to target the retiree lifestyle (I'm sure he wouldn't touch Spain with a bargepole normally) - and I'm sure Monaco is great if you have a few million to retire on! Broadening your perspective is always a good thing - whether or not you agree with his point of view, reject it from a position of knowledge, not ignorance. Just like his position on Portugal - if you care about more than taxes and minimal bureaucracy, then you might rank it higher (we do). One difference to note is that his clients are capable of moving around in retirement, to possibly follow tax regime changes, whereas most of us are not or don't want to, but that means we need to live with the changes that come up. Tax changes are only an election away...

[@ExpatsEverywhere]

Thanks for the input, Amit! It's been a while. How are you doing?! - Josh & Kalie

[@amitmazumdar4284]

@@ExpatsEverywhere Hi Josh and Kalie! We're doing well - getting close to finding a place finally, very close to Porto.

[@ExpatsEverywhere]

@@amitmazumdar4284 Sounds great! We're looking forward to hearing about it. - Josh & Kalie

[@dancooper8551]

Excellent helpful video!

[@ExpatsEverywhere]

Thanks for the feedback, Dan. We're glad the video was helpful! - Josh & Kalie

[@Protect-Privacy]

I quickly glanced at the thumbnail and clicked on Andrew Henderson… and was surprised to see Kalie! What a great collaboration! ❤

[@ExpatsEverywhere]

Yay! Thank you! We're happy to surprise you. - Josh & Kalie

[@messyhomestead7320]

Relative to all the folks I know in Ireland, this IRE advice is quite different. Also, there are a lot of things the interviewee glossed over quite a lot. IRE English is second language so we need to remember to be respectful of the native people by not speaking as if English is the first language there. Also, to say affordability is not a reason to live there (totally true) is to defeat a very primary purpose of a retirement video so is very confusing. Thirdly, please interview folks who are up with appropriate, respectful terms - Crimea might be an emerging country, but the way the interviewee is speaking he is referring to less industrialized countries, which are in most cases long long long ago emerged way before most of our industrialized countries were. Using such centric language around what is normal for him is anti-globalistic in a video and on a channel where we seek to acknowledge ourselves as ingredients in, not the center of, the world. Also, for a video like this, you REAAAAALLY need to be more specific about what you mean by costs - literally zero numbers are in this video. To suggest Ireland and Monaco without talking numbers is really not of service. Montenegro is described in many many expat communities, esp. Schengen hopping communities, as a perfect jumping-off point. It seems very clear that this interviewee is living in a deeply English-speaking tourist bubble and has no actual hunger to be a part of or to respect a culture he is visiting. And him talking about IRE as low cost for food when if you watch IRE/UK news for even 3 minutes in the last 7 years it is in food pricing crisis, the facts in this video are very sparse. Very disappointing. Enjoyed the interviewer's demeanor and she seems a zillion times smarter and more aware of the world than the interviewee (and infinitely less overconfident). More interested in her brain than his - he offered no rigor, categories of his 1-5 scores...nothing.

[@terrisokolow7796]

Great interview. Kalie!

[@ExpatsEverywhere]

Thanks, Terri! - Josh & Kalie

[@anaramos2802]

After reading all the comments I came to the conclusion that it was not such a great idea to invite Andrew to make this video. His opinions are controversial and mentioning Monaco as a good place to retire when you have to pay 5,000 or 6,000 for a small flat (and he didn't even mention the cost of living in such an expensive place) is bizarre, to say the least. The content of your channel is usually more down-to-earth and helpful, thank God!

[@ExpatsEverywhere]

We've know Andrew for years now and we know that he serves a different niche and audience but his expertise and presentation skills are top so we stand by having him on our channel to share his take. We also found his list to have something for everyone. Not every country is going to fit every individual, which is great, because variety is the spice of life. If Andrew would like to come on again in the future, we'd be more than happy to have him on. Thank you for your compliment of our work and approach. We are what we are. We're not trying to play a character. Andrew is what he is as well. He's a nice suit wearing, straight to the point guy. I'm a plain t-shirt, keep it simple guy, although I think suits are nice. :-) - Josh (& Kalie)

[@jeffkunce8501]

​@@ExpatsEverywhereIf you have him on again, I think it would be good to come right out and acknowledge that your respective audiences and focuses (and vibes) are quite different - but there is information to discuss that is useful to both audiences. Andrew and Kalie address that obliquely at the end - but I think you wouldn't see as much negative feedback if you addressed it up front.

[@ExpatsEverywhere]

@@jeffkunce8501 Hey, Jeff. This video is performing really well. Those that are commenting on Andrew clearly have already already seen his channel so we don't feel the need to preface anything. We were also intentional about using him on the thumbnail so people knew what they were clicking on if they know Andrew. - Josh

[@jeffkunce8501]

@@ExpatsEverywhere I don't know, Josh. "video is performing well" - Do the numbers give you an idea of how many subscribers had a bad taste in their mouth after watching it? Maybe that doesn't matter. Unless he becomes a regular guest. Or, if your trip to nomadcapitalooza-fest turns you into his minions 🤣

[@frgv4060]

Agreed. He looks and speaks like a resort manager or a salesman on a semi-luxury car dealer. Not very trustworthy imo.

[@guayames]

Although getting more expensive, we still have 24 hours Walmart and Walgreens in Hollywood Florida. Not in any of those other places! Unfortunately compared to Europe, we drive 6 hours are we are still in Florida.

[@AkamaiOkole]

Hahahahaha. That is your criteria for places to retire ? Maybe you can simply modify your lifestyle so you don't feel entitled to have stores open 24/7 for your convenience. Sheesh.

[@InMyBrz]

Well, here in Brasil our pharmacies are open 24 hours a day PLUS we can get out prescription meds here WITHOUT a prescription and a lot of foreign drugs for all kinds of problems - NOT available in the US or Canada

[@jodiehebert8285]

I read that Montenegro may be difficult to get long term residency for retirees? Any thoughts?

[@carminfrancisco9512]

Great content!

[@andrewrobinson2565]

I've lived in the south of France since I was 27 and have never had trouble with bureaucracy. I have bought 9 properties and sold one at different times. "This guy" has his opinion on everything but isn't an expert. The phrase "jack of all trades,..." comes to mind. 😂😊 (P.S. I'm 63 now.)

[@yamaoka1947]

brexit put a block on this option for the acerage Brit

[@Take5North]

Thanks! Another excellent EE-view!😅

[@ExpatsEverywhere]

Thanks again! - Josh & Kalie

[@AL0QVENGO]

There’s a lot of crimes in Colombia

[@thecyberseer]

all this guy cares for is taxes. Who cares if you save a bit more money on taxes when the lifestyle sucks? And nobody ever discusses how good any of these places are to RAISE CHILDREN. Nothing else matters more to me at this stage of life

[@lokimikko3516]

They did point out that the video was meant for retirees. For most of us that are still working, it doesn't really apply to us yet. Well, that and Nomad Capitalist really just caters to the upper-class.

[@tallto]

I'm still in my working years and still very much care about taxes. This video is catered to retirees, I think people conflate expatriate/digital nomad life with retirement and its not the same. Either way, I agree lifestyle is important but who wants all of our income eaten by taxes?!

[@ExpatsEverywhere]

Typically retirees children are grown so that’s not the place for this video. The other issue with “a good place to raise children” is that it’s a very subjective thing and not one that’s easily measured meaning the research is particularly hard and the video would be much more anecdotal. If you go to Nomad Capitalist R&D KZbin channel, you’ll find some videos about raising kids or schooling options and such but you’ll likely notice the video views are low. It’s because hardly anyone clicks on that stuff. It’s really hard and discouraging to make a video that “nobody” watches. It’s highly likely that people are making that video but you’re not find it. Go to your favorite creators and search their channels specifically. 🔍 Next week, we have a video with a mom of 3 that talks about raising her kids in Portugal and how she’s found schooling here but we’re not going to title the video like that because it’s not the bulk of the video and again if we do, nobody will click on it. - Josh

[@thecyberseer]

@@ExpatsEverywhere interesting. I guess that goes to show that people with children are not interested in relocating. Makes you wonder why?

[@ExpatsEverywhere]

Plenty of people move abroad with children. After working in international schools before becoming full-time content creators, we saw many families model it before our eyes. Maybe those families just aren't using KZbin as much for that kind of information. Seriously though, some of our worst videos in terms of views have been about raising a family abroad. It just narrows the audience so much and then KZbin shrinks the distribution. - Josh

[@simonesauerland5513]

Wow 🤩 I love 💕 Greece too

[@ougmass]

Ireland. How about the crime rafe?

[@wwilll]

Monaco, really? It costs a fortune, Monaco is a bad idea.

[@MaryannCn]

I really hope you guys don’t also start using thumbnails on your videos with mushroom clouds and “world war III” titles and the like as Andrew did. It would be a real shame. I prefer not to have to listen to someone’s feelings on politics on these sorts of YT channels. You and Kalie come across neutral and professional, and I appreciate that. But I get it - just like him, it’s your channel, your choice.

[@ExpatsEverywhere]

We're very a-political as a channel for sure. Unfortunately, negativity and fear gets clicks. If people would stop clicking on it, creators would stop making it so much. Kalie and I try to keep things balanced. There are negatives and draw backs to moving abroad or when comparing countries but we try to be balanced and fair, while still sharing our experiences and opinions. Thanks for watching. - Josh & Kalie

[@mcp2112]

I was waiting for Kalie to ask about Portugal. 😅 Montenegro is intriguing. Ireland not so much if personal freedom is a priority as they, like Scotland, have introduced a draconian "hate crime" law which obliterates free speech, a cornerstone of democracy. Nice interview all around! 👍

[@lokimikko3516]

Wife n' I have looked at Montenegro for some time. It's definitely intriguing, but is still rough around the edges. It's still getting its infrastructure updated (pre-req for EU accession).

[@ExpatsEverywhere]

Thanks, Tom. I’m really glad that Kalie did this one. She was really sharp with tracking what Andrew was saying and asking good follow up questions. - Josh (& Kalie)

[@mcp2112]

@@ExpatsEverywhere Agreed, excellent follow-up questions! Part 2: 6 through 10? 😊

[@thomashilmersen711]

Bogota is a mostly ugly city with massive pollution, massive overcrowding, high crime and relatively high prices, and in addition it is in a socialist country with high taxes and shitty government services. Almost anywhere would be better than that place. The only reason I can imagine for going there is that there are a lot of single beautiful women there. What you really have to look at wrt retirement planning is taxation of pensions and, more importantly for wealthy people, taxation of inheritances.

[@InMyBrz]

AGREE 100%

[@discoverglobeliving]

Who cares if you save a little more money on taxes when the quality of life is poor? And nobody ever talks about how good these places are for raising children

[@ExpatsEverywhere]

Of the 5 countries choose, 3 of them where in IN's survey of global expats and Spain was #1 for the 3rd year running, Greece 34 and Ireland 51. The raising children thing is a different video as this video is targeting retiring in Europe. - Josh & Kalie

[@kararkhan8720]

I'm 39 years old and i already bought a place in Spain for vacation for now and retirement later. Good retirement planning should not consider the tax implications because you have zero control over that, your number one concern should be not paying rent during your retirement years.

[@natalias1212]

For retiree 5k small apartment? What is he smoking???

[@lorenk.775]

He usually talks in regards to wealthy folks! 😄😄

[@jamessmith1577]

If I am going to spend 5k rent for an apartment, I'd live in NYC.

[@shinyshinythings]

I’m very surprised to see this guest on your channel. He and his team do incredible in-depth research, but his motto is “go where you’re treated best”, and to him that means “where you pay the least in taxes”. To me that smacks of wanting all the benefits of life abroad, without feeling any obligation to support the lives or communities around you.

[@ExpatsEverywhere]

Some countries around the world function with much lower taxes than others. Also, Andrew well articulates the nuances of going where one is treated best. Not only that, he talks about playing by the rules of the places he goes. It seems that you like taxes and that’s fine for you but others don’t share that. Maybe they don’t believe in how their government collects or uses tax revenue. It seems like you’re placing your own personal values and perspective on Andrew and judging him and his team for that. Is that fair? - Josh

[@joaomramalho1]

@@ExpatsEverywhere It rather seems to me like Andrew and his crowd represent everything that is wrong with the world today. His reasoning is morally bankrupt and it was sad to see your channel polluted by such a stink after 2 or 3 years watching you guys...

[@YogaBlissDance]

A lot of us watch him but may not hold the same values...I agree. I'm not sure- he does say it isn't about "not paying taxes" but what HE THINKS is good use of taxes. But I hear yah, I watch him for info without becoming like him per say. Cause yeh it's the taxes and public contributions that make some of these countries so attractive.

[@christinabayma119]

I think he covered a lot of reasons to live or not live in these countries besides just taxes. Taxes are important to understand and should be a part of the equation when deciding your budget for living in a country.

[@toddl.3454]

Most people want to.minimize their tax obligation. That doesn't mean they are not paying taxes. If you want to pay more in taxes, that's your right. You sound like a left wing democrat 😅😂

[@gregj1241]

Lifestyles of the rich and famous 😂

[@orangelily935]

We like Andrew 😂

[@ExpatsEverywhere]

Nice! We're cool with him as well. - Josh & Kalie

[@TheGforceuk]

Another good vid . I’m looking at 3 countries currently toy to move to with the bare minimum pension , I just need out of the Uk. We’re looking at Portugal, Belize or St Lucia

[@ExpatsEverywhere]

Thank you. 🙏 Nice. Which one are you leaning towards? - Josh & Kalie

[@TheGforceuk]

@@ExpatsEverywhere it’ll be portugal just due to loving the people and food and the short flight back to the Uk for emergencies. But language is the issue , Belize is in the picture due to language and loving the Caribbean , St Lucia. … well it’s stunning and low cost of living. , just healthcare is an issue there

[@ExpatsEverywhere]

Nice! Keep us posted. - Josh & Kalie

[@mikeabbott8521]

Hurricane Alley or Portugal....not a hard choice lol.

[@TheGforceuk]

@@mikeabbott8521 pros and cons for both , language is a major one and cost of living . Hurricanes are few and far between but it’s quite a distance from the Uk .

[@BassKickzz]

Expats everywhere collaborating with nomad capitalist is golden.

[@shinyshinythings]

Or vaguely icky. It’s all a matter of perspective I guess.

[@ExpatsEverywhere]

Thank you. It’s the second time we’ve done so. When we lived in Singapore, his team reach out to us to do a video. We were very small back then, maybe 5,000 subscribers and they were 50,000 or so. It’s probably been 5-6 years ago now! - Josh

[@Norah-v6j]

Good luck with columbia

[@arashmalekzadeh1]

Irland: Bad weather, Expensive Greece: Good one Spain: Little expensive in you live in major city like Barcelona but overall very nice Monaco: Are you kidding me? Montenegro: Great to visit for 2 weeks but forget it otherwise. Cold, Racist people

[@lorenk.775]

Montenegro cold racist people?! I don't think so, i've been there. Most people there are nice and relaxed, the residency sucks though, requirement of only leaving the small country only 1-2 months per year. best to just stay there a few months at a time with or without visa or residency.

[@marrlena947]

I quit watching Nomad Capitalist because not only is he obsessed with taxes but his information is not always correct! For example there is no inheritance tax in Andalucía Spain. He didn't know that. Also his channel is just a tool for him to get millionaire clients. He's got no real grasp about how to advise regular people with incomes of only $2,000 to $4,000 a month. He's always putting down Spain but it's a fantastic country to live with a modest income.

[@ExpatsEverywhere]

Hi Marrlena, thanks for the comment. Let's be honest though, he did put Spain in his top 5 out of over 40 countries (50?) he could have chosen from. - Josh & Kalie

[@marrlena947]

Thanks for the reply! I'm surprised he's finally acknowledged Spain as a destination. His previous videos usually denigrated Spain.

[@marrlena947]

@@ExpatsEverywhere However he's still projecting a false negative image of Spain as a slow lazy country which is absolutely false. I live in the Andalucían mountains of Spain and the people work very hard. I did renovations on my house and the people who worked on it were very responsive. They also don't gouge or take advantage. My costs have been ridiculously low and I even add 20% at times because I don't think they charge enough! The quality has also been top notch. Maybe it's different in the big cities but inland Spain is not necessarily slow. The lifestyle is relaxed or fast paced, whatever you like. Fresh produce is excellent and abundant. Wines are amazing. Property tax is tiny. So is cost of insurance. Healthcare is great, no waiting and very cheap. Dentistry is amazing.

[@JeftaFastForward]

Wow, I guess Andrew does care about more than just taxes 😂 (or at least his clients do)

[@joaomramalho1]

Like what? lol He also likes living like a king in poor countries where ‘streets that look like London’ are surrounded by a hundred miles of precarious housing and violence? Ugh. Insufferable. 😂

[@ExpatsEverywhere]

You wouldn't think so based on some of the comments though. 😅 - Josh & Kalie

[@MexicanOT-q8t]

@@joaomramalho1 blah blah get a life

[@lorenk.775]

​@@joaomramalho1 😆😆 I think you're talking about his Colombia videos, though he does give explanations.

[@octaviocampos6960]

Used to follow this guy YT channel. The only thing I can say about him is that he is full of cr..p. Every time he talks about a country that I'm familiar with, it is very easy to realize how little he knows about it. I give him credit for how good is he to sell smoke...

[@marrlena947]

Exactly!!

[@YogaBlissDance]

REally Octavia? HE SAYS he has researchers.....

[@MaximusByrne-ri4jf]

Ireland 🇮🇪 😅

[@ExpatsEverywhere]

Are you trying to get out of Ireland? - Josh & Kalie

[@Shrebina-kq4cs]

This Top 5 is just one guy's bad opinion. Retire to Monaco :-)))))))))) Yeah, OK......

[@ExpatsEverywhere]

Definitely an opinion, you're right. - Josh & Kalie

[@jumpinjehoshaphat1951]

Romania > Montenegro.

[@ExpatsEverywhere]

Could well be! - Josh & Kalie

[@merrykrichtsamt]

Portugal is a total disaster. Even for those with NHR it is not clear in which category fall a specific income and therefore if the exemption applies. This happens in particular with dividends.

[@mikemainer3009]

What part of where you earn your income confuses you?

[@ExpatsEverywhere]

Total disaster or just a partial disaster when it comes to things like tax planning and immigration bureaucracy? - Josh & Kalie

[@merrykrichtsamt]

@@ExpatsEverywhere total disaster in terms of taxation. They have no clear rules on when the NHR can be applied and when not. There is a massive grey area. And the so called "tax experts" only try to sell you solutions that are good for their pockets.

[@mariamagee823]

Worse review ever. All he cares about is the almighty $ and making it work for himself. Taxes is all he cares about. I care about taxes and making a good living. But I don't expect a country to put its citizens in service to me. Stay in Monico, you belong there. Quality of life matters more than taxes.

[@mikemainer3009]

This video is total garbage. Thinking that it is a bargain to rent a small apartment for 5 or 6 thousand euros a month in Monaco tells me all I need to know how out of touch and elitist this video is and how deceptive and unhelpful this KZbin channel has become. Two thumbs down!

[@shinyshinythings]

I don’t think EE are deceptive or unhelpful, just the opposite. I find their usual videos very enjoyable, if sometimes a little cringe-inducing (personally I don’t care for comparing countries as if they were Coke and Pepsi on an American grocery shelf, and the verb “to expat” needs to go somewhere far, far away from my ears). The Nomad Capitalist is not my cup of tea, but he knows his stuff. It’s just that his stuff is exploiting poor countries via geo-arbitrage, which is rather distasteful, especially when paired with a basic anti-tax attitude.

[@delladearest2511]

NC appeals to people of all income levels and he incorporates his own experiences with tax education so I can understand why he included Monaco.

[@ExpatsEverywhere]

Wild comment, Mike. Andrew literally covered a broad range of potential retirement destinations for all kinds of retirees. Did you happen to skip to Monaco and get straight into the comment section or are there other videos that we’ve done that have wound you up because I’ll be honest, this is the first time I’m reading your screen name. - Josh

[@ExpatsEverywhere]

Shiny things, you’ve gotta stop watch our stuff then if it’s how you feel about us. - Josh

[@delladearest2511]

@@ExpatsEverywhere I do wish he included Italy , maybe ask him on again about the next five countries!

[@hellophoenix]

For the life of me, I just don’t know why you even interviewed him . Do you know what type of guy he is , go watch his videos . He is all about greed and so snobbish. When he says “ successful people “ , he means the super wealthy . Just read the comments !!! He is not you !!!

[@ExpatsEverywhere]

We actually know Andrew personally. We've sat in the same room as him. He's a very nice guy. You're right, he's not us but that's fine. We don't live in a vacuum and we like it that way. We like hearing others thoughts and perspectives because it challenges ours and give us a broad view on things. - Josh & Kalie

[@joapinto288]

What a ridiculous interview. Top place is Ireland UNLESS you like money. And Spain is great if you’re low class. This dude is a grifter- shame on you guys for highlighting this nonsense.

[@ExpatsEverywhere]

Makes man wonder why you watched. - Josh & Kalie