There has been many threads about retirement in Europe, Mexico, South America.. but haven't seen Puerto Rico being mentioned.
The US is one of the only nations in the world which taxes its citizens on all their worldwide income, irrespective of where they live; however, this is where Puerto Rico offers a unique advantage. Because Puerto Rico is technically part of the US, income sourced in Puerto Rico is excluded from additional US federal tax.
Being a tropical Caribbean island, it is no surprise that a major benefit of retiring in Puerto Rico is its great climate and beautiful landscapes.
As Puerto Rico is already a part of the United States, retirees will technically not even have to relocate to a new country. This means no hassles with visas, residency, currency exchanges,
cultural adjustments, and so on. US citizens can move freely to Puerto Rico. It doesn’t take much more than getting on the next available flight out!
It is on average more than 50% cheaper to rent a house or apartment in Puerto Rico than the mainland US
US retirees who already have Medicare will be happy to know that it is valid in Puerto Rico just like anywhere else in the US
. Private medical insurance is also a good option because it is much more affordable in Puerto Rico. There are some top-quality hospitals and health services in Puerto Rico, with wide reaching infrastructure and access no matter where you choose to live