That’s exactly what some retirees are doing. By being creative, they’re finding different solutions which mean they can see the world, or just Australia, as they wish. 

It can be complicated as some countries have rules about how long foreigners can stay but it may be possible.  How is it possible?

Cruising

Believe it or not, there are retirees who literally cruise around the world all day long. For example 88 year old Lee Wachtstetter who sold her house and most of her belongings after her husband died and took to the seas*. Eight years on, she’s still sailing in five-star luxury, enjoying meeting new people and doing her needlepoint. But it doesn’t come cheap – Lee’s life costs around $600 a day. Fortunately, there are more affordable options. 

Living in another country

Gap years don’t need to be the preserve of the young. You can take off and live overseas at any time in your life and retirement might be the perfect time to give it a go. 

Whether it’s extended time in one place volunteering or learning the language, or moving between a few different areas, living in a new country can be the best way to embrace a new culture.

But do explore the costs first – there can be a huge difference in the cost of living from country to country. For example the living costs of a cute apartment in Paris are significant when compared to a home in many Asian countries. In fact, recent figures show that an increasing number of Australians are retiring to Thailand, where the cost of living is around 80 per cent cheaper than back home^. 

It’s also important to check out the facilities at your destination such as healthcare and housing before you go. Viewing the information available to expatriates can be a good start. Check out websites like http://www.easyexpat.com/

Airbnb

Spending extended time in another country can be a great way to really get to know another culture, learn a language and develop friendships with the locals. The rise of Airbnb and similar sites has made it possible to live relatively cheaply and immerse yourself in a new place. 

One American couple has visited 80 countries since they retired, initially rented out and now sold their home and started travelling about 5 years ago+. They’ve stayed in almost 200 Airbnbs ranging from boats in Croatia, Valencia and Nice to a tiny apartment in Tokyo, a farmhouse in Ireland and an apartment with a sauna in Estonia. They’ve even published a book about their experiences and write a regular blog+ to inspire others. 

So, alternatives abound but do your homework first and leave your options open so that you can return if you decide there’s no place like home.        

Checklist

• Research visa requirements to make sure you know what you need and how long you can stay 
• Be realistic about what you can afford – you make like to consider advice from TelstraSuper Financial Planning
• Consider downsizing some of  your possessions so it’s easier to pack up and leave
• Investigate health facilities – understand what your health and travel insurance will cover, just in case you need it
• Keep safe – the Australian Government’s Smart Traveller website maintains accurate timely information on staying safe and healthy overseas. 
• Make sure your passport is up-to-date and valid for at least six months from your planned return to Australia  
• If you receive a Government pension this may be affected if you’re away for an extended time. Check with the Department of Human Services
  
  *http://www.traveller.com.au/what-its-like-to-live-on-a-cruise-ship-for-eight-years-gnd45v
  ^ https://www.sbs.com.au/news/champagne-lifestyle-on-a-lemonade-budget-why-so-many-aussies-are-moving-to-thailand 
  + http://seniornomads.com/