"Retirement doesn't have to be location-dependent. In fact, some retirees ditch a permanent home altogether. Instead, they're embracing the "digital nomad" lifestyle, which allows them to go abroad to countries where the strength of the U.S. dollar lets them live a more luxurious lifestyle, or travel to places that have been on their bucket lists. This retirement model can look different from one retiree to the next."
"There's no rules for exactly what a digital nomad lifestyle has to look like. Some retirees may jump from place to place often, while others settle down for a few months or years at a time. Either way, the retirement model gives you options. Living in a city like Lisbon or Panama City, for example, may give you more flexibility when it comes to housing compared to what you'd find in an expensive U.S. city."
Retirement can be location-independent, with some retirees abandoning permanent homes to become digital nomads. The strong U.S. dollar can stretch savings and enable a more luxurious lifestyle abroad. Income strategies vary: part-time remote work, 401(k) withdrawals, Social Security, or passive income can support travel-based retirement. Digital nomad retirement can involve frequent moves, months- or years-long stays, or even decade-plus residencies before returning to the U.S. Choosing lower-cost international cities can provide greater housing flexibility, preserve nest eggs, and free budget room for travel, dining, and shopping.
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