|George Town, Penang rated as Top 4 in the ‘8 Great Places to Retire Abroad’ by Kiplinger|
|Written by Administrator II|
|Thursday, 28 February 2013 16:19|
George Town was recently voted as the fourth best place to retire by Kiplinger, a publisher of business forecast and personal finance advice based in Washington D.C. Featured in Yahoo! Finance, George Town is listed after Medellin in Columbia, Dubrovnik in Croatia, and Salinas in Ecuador and the ranking is based primarily on cost of living and other factors such as health care, ease of travelling to the U.S. and the climate. The article also included a hypothetical monthly budget for retired American couples as a guide for their retirement planning.
Cities after George Town are Bilbao in Spain, Coronado in Panama, Galway in Ireland and Tlaxcala in Mexico. As part of their research, three experts on overseas retirement such as ExpatExchange.com, Liveandinvestoverseas.com and InternationalLiving.com were also consulted.
In terms of lowest living cost alone, it is mentioned that Penang and also Malaysia came in third after Thailand and Philippines. Their research also shows Malaysia My Second Home has received 19,488 foreigners including 815 North Americans over the past decade. George Town is also stated in the article to provide affordable and quality medical and dental services.
To read the article, visit: http://finance.yahoo.com/news/8-great-places-to-retire-abroad-175538395.html?page=1.