Retirement Bliss: Where to Spend Your 5 Million Dollars

Imagine having the financial freedom to choose where you retire. If you had 5 million dollars to retire on, where would you choose to live? This question has made me ponder several options, but today I’ll explore the allure of a location that combines luxury, affordability, and a vibrant lifestyle: Bermuda.

Staying in Portland, Oregon vs. Exploring New York City

I would likely stay in Portland, Oregon, for its fantastic quality of life and vibrant community. However, I've often thought about spending a year in New York City to experience what the Big Apple has to offer. The city's epicurean culture, endless entertainment options, and historic landmarks would undoubtedly make for an unforgettable living experience.

But after a year, I might miss the natural beauty and lifestyle that Portland offers. While 5 million dollars is substantial, it's not exorbitant, so the higher costs of living in places like New York or other major cities are a concern. Additionally, I don't want to leave without knowing where I'll come back to visit, ensuring connections with family and friends.

Bermuda: A Paradise for Retirees and Enthusiasts

Consider this: Bermuda, a tropical paradise with a refined lifestyle. For just 2 million of your 5 million dollars, you can purchase a lovely home or enjoy condo living on the waterfront. The island offers a unique category of residency designed for individuals like you, ensuring security, and allowing you to live the dream in a modern paradise.

Bermuda is packed with amenities and attractions. You'll find several golf courses, modern internet, telephone, and television services. The island boasts spectacular beaches, world-class boating and diving, and tennis courts. An active arts scene and good healthcare are also available. The modern business and financial infrastructure make it a smart choice for anyone looking to settle down.

Moreover, there's no tax on the earnings of your 3 million nest egg, and no capital gain tax if you decide to sell your home and move elsewhere. At 50 years old, you could put the rest into an annuity, expecting an income of around $150,000 per year after all taxes. This steady income would allow you to maintain a comfortable middle-class lifestyle.

Socially, Bermuda is a haven for expatriates, offering a wide range of activities in the charitable, arts, sporting, or intellectual fields. You might even indulge in some fishing or scuba diving, which are top-notch in Bermuda. Additionally, the island's proximity to major cities like New York, Boston, London, and Atlanta makes it easy to explore other parts of the world.

In Conclusion

Bermuda is a wonderful option for those looking to retire in style and comfort. With its blend of natural beauty, luxury, and free amenities, it presents an ideal destination. Whether you're looking to escape the hustle and bustle of city life or simply enjoy a tranquil lifestyle, Bermuda offers the perfect retirement haven.

Discover the unique charms of Bermuda today and start your journey to a blissful retirement.