How to Retire in Portugal: an inspirational story of the US entrepreneur John Bandak.
For many people, retirement is a time of freedom. No more deadlines. No more hectic business schedules. No more overtime work. You know for sure that you deserve it. You want to enjoy your earned money. But what if it goes wrong? High healthcare costs and property taxes replace your happy retirement. This situation is not what you wanted and pursued. Relocation is a good solution to this problem. About 1 million people move every year following their retirement. An inspirational story of a successful American entrepreneur John Bandak shows how to benefit from moving to Portugal’s southern region Algarve for retirement.
John Bandak selected from the 10 best places to live in the world. While making his retirement plan, he wanted to make sure that he would never get back to work after retirement. “I was looking for something better,” John told Anatoliy Lyetayev, founder and CEO of Migronis. “I always thought outside the box, and moving abroad is pretty normal for me,” he continued.”
John Bandak:
“- My goal wasn’t to retire and worry about money. My goal was to retire and carefree, not worry about it at all. Looking at the cost of living, I’m like “Okay, so that can put Portugal in the top 5 for safety and the cost of living”.
“- You know, the whole goal of my retirement isn’t to stretch myself to the point that I’m worry. I want to make sure that I have a comfort level, that I have money to retire and stay retired forever. So that brought Portugal to the top.”
“ – I have source of income from the United states. But I wanted to have a local income source. So what I’ve done is I bought some apartments here, and rented them out.
In Algarve as well, yeah?
In Algarve, yes. And when I…The goal is, eventually when I’m gone, is each of my kids gets an apartment. So they have a place to retire to in Algarve. Maybe by the time they are retired I’ve already sold that one and bought another one or whatever, but that’s the goal.”
Find out more information firsthand from the video!
Many people can now see that retiring overseas is far more cost-effective. So, if you are interested in the most favorable conditions for your retirement, there is a reason to consider obtaining the Portugal Golden Visa. You can always apply for the help of our specialists and get a free consultation with only a few clicks.
PLEASE LEAVE YOUR QUESTIONS & COMMENTS BELOW, Subscribe, click the bell to be up to date, and notified of all new uploads!
Check out the Migronis: residency and citizenship by investment
Time codes:
00:00 |Intro
00:14 | John Bandak (Q&A) Life before Portugal. Why did he decide to move?
01:38 | Business in The United States
02:33 | Is retiring to Portugal a good idea? What are the benefits?
04:34 | Family – travelling with children
05:38 | Business in Algarve. Real Estate Investments.
06:04 | The pros of living in Portugal
06:45 | Portuguese Food
07:27 | Hobbies and daily basis routines
10:10 | Healthcare in Portugal
12:54 | The Ocean and Surfing in Portugal
13:57 | Why Do Many Americans Retire in Portugal?
15:38 | The pros and cons of living in Portugal
19:20 | The Real Estate in Portugal. Lower property prices.
22:10 | Low crime – No stress lifestyle
23:12 | SUBSCRIBE @MIGRONIS
Want a Portugal Golden Visa? Our Head Office is located in Lisbon! We have the best opportunities to oversee the process at each stage, settling all issues right in place.
Check out the Migronis: residency and citizenship by investment
Get a consultation –
Online calculator of passport programs –
Subscribe, click the bell to be up to date, and notified of all new uploads!
➔ Check out the Migronis website:
➔ Facebook
➔ LinkedIn
➔ Twitter
➔ Instagram
_____________________________________________________________
▸▸▸ Please don’t forget to like and share our video
Moving to Portugal: permanent residency. The best destinations in Europe for a happy retirement.
#Algarve#Portugal#Migronis#Portugal#Retirement#
source