CZECHIA

... concerns for retirees in the U.S. is how to keep their finances in check now that they're no longer earning a regular income...
Consider Czechia...


Czechia, also known as the Czech Republic, has a lot going for it. The central European country is full of striking medieval architecture, colorful castles, storybook towns and villages, and forests plucked straight from a Brothers Grimm folktale. Never mind that its handsome capital city, Prague, is also considered the beer capital of Europe.


While Czechia doesn't yet offer an ad hoc retirement visa, you can apply for a study visa, which costs 2,500 CZK ($123 at the time of writing), provided you enroll in Czech language classes. This means there's no pension income threshold you need to meet. After a year on this visa, to remain in Czechia, you will need a long-term residence permit for the purposes of studies (also 2,500 CZK). You must continue said studies to be eligible. If you like the country enough to make your stay permanent, those classes will come in handy as fluency in Czech is a requirement.


Numbeo estimates the average cost of living in Prague at just under $1,000 per month for a single person, excluding rent, which can add another $1,000.. That said, there are cheaper places where you could keep well below a $2,000 monthly budget, like Olomouc, a gorgeous, under-the-radar city that's much more affordable than Prague, or Děčín, where you can have a cozy semi-rural lifestyle in the gateway to Bohemian Switzerland. Furthermore, the Czech healthcare system is of a high standard, with good English-language services. Temporary residents will require private medical insurance, but the cost is dependent on your age, lifestyle, and any underlying conditions. If you become a permanent resident with no taxable income, your public health insurance contributions will be 3,024 CZK ($148) per month. 

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