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Many retired people today are choosing to live in other countries. What are the advantages and disadvantages of this?

Many retired people today are choosing to live in other countries. What are the advantages and disadvantages of this? qVL0a

In today’s society, people have been opting to spend their retirement living abroad. In my opinion, this trend basically has both merits and demerits to some extend. Those in favor of this trend can point to that it would be a positive because of financial incentives. The elderly people today retires with their meagre savings and little support from the government, depending on their nationality. If they do not have family to live with them, they often undergo a strong sense of isolation, loneliness and perhaps they have to face with the prospect of living in poverty or just above subsistence in their final years. Therefore, moving abroad, their money would stretch much further and allow them to have a stable life and the peace of mind. For example, in comparison to Western countries, the cost of living in Vietnam is considerably cheaper when it comes to rent a house, transport or even food prices. As a result, retired people could set aside their money to travel or leave an inheritance to their ancestors. Despite of the aforementioned merits from residing abroad, the demerits should be taken into consideration equally. Those who choose to live in a foreign country at the retirement age with fixed income, they may face with culture shock and discrimination. It is noticeable that Eastern culture stands a stark contrast to Western one regarding how to dress tidily and how to choose street style so they need ample time to be accustomed to other different cultureS. Furthermore, radical discrimination often occurred with AsianS that they have been sometimes bullying and exploiting in employment market when they opt for settling down in Europe or America. In conclusion, residing abroad basically have both opposite aspects, the elderly people would be advantageous in terms of financial gains, however, risks is an inevitable part. Before making any decision, it is of paramount important to weigh a number of factors pertaining to THE quality of life, finances, culture as well as family.

In This phrase/word (depending on the context) can be potentially replaced with :this day and agenowadays
today
’s society, You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 have been opting to spend their retirement living You use this word too often, consider replacing it withoverseaselsewhereaway
abroad
. In my opinion, this trend basically
 has both merits and demerits to This phrase/word is too simple and can be replaced with:a number of
some
Did you mean the noun "extent"?extent
extend
.

Those in favor of this trend can point to that it would be a This phrase/word is too simple and can be replaced with:beneficial
positive
This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 of financial incentives. The elderly You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
This phrase/word (depending on the context) can be potentially replaced with :this day and agenowadays
today
 retires with their Possible spelling mistake. 'meagre' is British English.meager
meagre
 savings and This phrase/word is too simple and can be replaced with:tiny
little
 support from the This phrase/word (depending on the context) can be potentially replaced with :national authoritypublic authority
government
, depending on their nationality. If they do not have family to This phrase/word (depending on the context) can be potentially replaced with :reside
live
 with them, they This phrase/word is too simple and can be replaced with:frequently
often
 undergo a strong sense of isolation, loneliness and perhaps they This phrase/word is too simple and can be replaced with:ought to
have to
 face with the prospect of living in poverty or This phrase/word is too simple and can be replaced with:merely
just
 above subsistence in their final years. Therefore
, moving You use this word too often, consider replacing it withoverseaselsewhereaway
abroad
, their money would stretch much further
 and This phrase/word (depending on the context) can be potentially replaced with :authorize
allow
 them to have a stable life and the peace of mind. For example
, in comparison
 to Western countries, the cost of living in Vietnam is considerably
 cheaper when it This phrase/word (depending on the context) can be potentially replaced with :approachesarrives
comes
 to rent a This phrase/word (depending on the context) can be potentially replaced with :residence
house
, transport or even food prices. As a result
, retired You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 could set aside their money to travel or This phrase/word (depending on the context) can be potentially replaced with :depart
leave
 an inheritance to their ancestors.

Did you mean "Despite" (or, alternatively, 'in spite of')?Despite
Despite of
 the aforementioned merits from residing You use this word too often, consider replacing it withoverseaselsewhereaway
abroad
, the demerits should be taken
 into consideration equally
. Those who choose to This phrase/word (depending on the context) can be potentially replaced with :reside
live
 in a foreign country at the retirement age with This phrase/word (depending on the context) can be potentially replaced with :rectified
fixed
 income, they may face with You use this word too often, consider replacing it withfashionartabilitysciencepracticeexperience
culture
 shock and discrimination. It is noticeable that Eastern You use this word too often, consider replacing it withfashionartabilitysciencepracticeexperience
culture
 stands a stark contrast to Western one regarding how to dress tidily
 and how to choose street style This phrase/word is too simple and can be replaced with:consequently
so
 they need ample time to be accustomed
 to other This phrase/word is too simple and can be replaced with:various
different
Possible spelling mistake found.culturescultureculturedvulturesculture S
cultureS
. Furthermore
, radical discrimination This phrase/word is too simple and can be replaced with:frequently
often
 occurred with Possible spelling mistake found.AsiansAsianAsian SASINsArians
AsianS
 that they have been This phrase/word (depending on the context) can be potentially replaced with :in some instances
sometimes
 bullying and exploiting in employment market when they opt for settling down in Europe or America.

In conclusion
, residing You use this word too often, consider replacing it withoverseaselsewhereaway
abroad
basically
 have both opposite aspects, the elderly You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 would be advantageous in terms of financial gains, however
, This phrase/word (depending on the context) can be potentially replaced with :hazardsdangers
risks
 is an inevitable part. This phrase/word is too simple and can be replaced with:previouslyprior to
Before
 making any decision, it is of paramount This phrase/word is too simple and can be replaced with:vitalcriticalessential
important
 to weigh a number of factors pertaining to THE quality of life, finances, You use this word too often, consider replacing it withfashionartabilitysciencepracticeexperience
culture
as well
 as family. 