GeoBlue International Health Insurance

Retire in Hungary > Budapest >

An Expat Talks about Retiring in Budapest, Hungary

Sep 13, 2017


Budapest, Hungary

A woman, who was born in Hungary and moved to the US when the communist regime was in power, decided to return to Hungary for retirement. She cashed in her 401K, bought a downtown apartment -- she is thrilled to be living mortgage free.

What is the name of the city or town that you are reporting on?

Budapest

Why did you choose to retire abroad?

It was over a decade ago when I realized that if I'm unemployed I can't pay the mortgage and without reserves would find myself on the sidewalk. Cashed in my 401K - even having paid a penalty, what was left purchased me a downtown apartment in Budapest. All mine - no mortgage!! Did you hear that gust of wind? That was a sigh of relief. It was the best decision I've ever made!

Are you retired abroad all year or part of the year?

all year - but occasionally visit relatives in the US

Why did you choose the country you retired to?

I was born here but never thought I would return after immigrating from the communist regime. Things have come a long way - this is a wonderful and livable country now.

Did you ever live abroad before you retired abroad?

No

How long have you lived abroad since you retired abroad?

total of 19 years now

Get FREE quotes from up to 6 international movers from The Relocator. Save up to 50% on your move to Hungary! The Relocator offers an easy and free service to receive quotes from renowned and certified movers worldwide. Get your moving quotes.

How many countries (other than your home country) have you lived in as a retiree?

none

What have been the most challenging aspects of being retired abroad?

I enjoy a challenge and have traveled a lot so there were no particular issues.

What have been the most rewarding aspects of being retired abroad?

Peace of mind!!

What would you do differently if you were just starting the retire abroad process?

Nothing - I would do exactly the same thing although real estate is a bit higher now.

What is life like for a retiree in your city and its surroundings? (Is there an active expat community? Cultural Attractions? Recreation? Nightlife?)

All of those things are available and many more. Small country but it has everything. I love visiting spas throughout the country, wine regions and was an active member of IWC at one time.

What residency documents or visas did you need to obtain to retire in your host country? How difficult was this process? (Please describe)

There are agencies to help you with papers. Coming over the one thing you can save a bit of money on is translating your documents (birth, marriage, divorce) into Hungarian and have the embassy in the US sign and accept them by a notary. Having things officially translated and notarized here is very expensive because only ONE source is acceptable to authorities.

Did you buy a home or apartment, or rent one? Is this a difficult process? (Please describe)

It is not a difficult process if you are not getting a loan - that is difficult for a foreigner. But when you consider I came with next to nothing and was able to purchase - you can too. If you remodel, call me - this was the reason I began my expat assistance business - despite speaking the language that was a great challenge.

Financially, has living abroad in your host country met your expectations? Exceeded them?

It exceeded my expectations. I could not afford to live on my SS in the US - here I have a comfortable life.

What are the most important financial considerations for retiring to your host country?

Do you want to become a citizen - dual citizenship is possible. Why it is so important is health insurance. Foreigners pay a high price for insurance while a Hungarian pays very modest fees. Care and coverage are excellent.

How much can a retiree live on comfortably in your host country?

$1500 would provide one person with a comfortable life.

Do you have access to quality medical care? (Please describe - is it close? Expensive?)

Yes. I am a dual citizen, pay $35/month and all is covered except drugs. Having had several surgeries since I've been here I can only say good things about the care.

Moving to Hungary? Get a health insurance quote from our partner GeoBlue. To speak with GeoBlue's Sales Team, call 1-855-216-9486 (US) or e-mail .

Get a Quote

Moving to Hungary? Get a health insurance quote from our partner GeoBlue. With access to over 1.7M medical providers in 190 countries around the world, GeoBlue provides members with solutions and industry-leading digital services - ensuring top-quality coverage to people who live, work, study and travel internationally. To speak with GeoBlue's Sales Team, call 1-855-216-9486 (US) or e-mail .

Is there a lot of crime where you live? (Please describe)

In the city there is always more crime but you know the areas to stay out of and there aren't many. In the country it is more peaceful.

Describe available transportation where you live. Do you need a car? Is there access to safe public transportation?

I live in the village now and yes, I need a car because I'm at the end of town. In the city there is no need to have a car - transportation is excellent. Citizens over 65 ride free.

Is there high-speed internet access where you live?

Yes, even in the village.

Do you have any other thoughts you would like to share about retiring abroad?

I would recommend it to anyone who ever wanted to live - not exist but live.

GeoBlue International Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance in Hungary from our partner, GeoBlue.
Get a Quote

Get a quote for expat health insurance in Hungary from our partner, GeoBlue.
Get a Quote Call  

More about Budapest

Guide to Living in Budapest

Guide to Living in Budapest

If you're moving to Budapest or a newcomer living in Budapest, here are 14 things to know about life in this beautiful city - from the best districts for expat families and single expats, hospitals in Budapest, international schools, expat clubs and organizations and more.

Healthcare in Hungary

Healthcare in Hungary

If you're moving to Hungary or an expat living in Hungary, understanding the Hungarian healthcare system in important. This article offers an overview of the national healthcare system, private hospitals and healthcare, private health insurance for expats in Hungary, clinics with English-speaking doctors and the quality and cost of medical care in Hungary.

Digital-Nomads-in-Budapest,-Hungary

Living Abroad: Digital Nomads in Budapest, Hungary

Expats and Digital Nomads say Budapest has "a richness of stimuli of every sort" and is a "city both gorgeous and ALIVE." It's no wonder why it's become such a popular location for digital nomads.

Expats and Digital Nomads say Budapest has "a richness of stimuli of every sort" and is a "city both gorgeous and ALIVE." It's no wonder why it's become such a popular location for digital nomads....

International-Schools-in-Budapest

International Schools in Budapest, Hungary

There are numerous international and bilingual schools in Budapest. In this article, we highlight some of the more popular international schools school for expats in Budapest.

There are numerous international and bilingual schools in Budapest. In this article, we highlight some of the more popular international schools school for expats in Budapest....

Moving to Budapest

An expat in Budapest talks about the cost of apartments, best neighborhoods for expats, what to bring when you move to Hungary and what to leave behind.

Living in Budapest

An American expat provides some insight into what it takes to live in Budapest, Hungary.

12 Tips for Living in Budapest, Hungary

12 Tips for Living in Budapest, Hungary in Budapest

An expat talks about what it's like living in Budapest including best international schools, Buda vs. Pest, healthcare in Budapest and much more.

Retirement in Budapest

A U.S. retiree in Budapest, Hungary offers advice on living abroad, including health care, cost of living and some financial considerations.

Culture Shock in Budapest

An expat in Budapest enjoys the lower cost of living, but the bureaucracy and local laws frustrated. Her biggest shock was that the US Embassy didn't really care about expats.

Join our Hungary Expat Forum

Visit our Hungary Forum and talk with other expats who can offer you insight and tips about living in Budapest, Hungary.

More about Hungary

International-Schools-in-BudapestInternational Schools in Budapest, Hungary

There are numerous international and bilingual schools in Budapest. In this article, we highlight some of the more popular international schools school for expats in Budapest.

4-Off-the-Beaten-Track-European-Retirement-Destinations4 Off-the-Beaten Track European Retirement Destinations

Many Brits retire to Spain, Australia, Canada, and America and these countries have thriving expat communities. Ella Jameson talks about other retirement destinations that are sometimes overlooked.

7-Best-Places-to-Retire-in-HungaryRetiring in Hungary: 7 Best Places to Retire in Hungary

Hungary is sometimes overlooked as a retirement destination. Expats who retire in Hungary appreciate the low cost of living; rich history; friendly people; and beautiful cities, towns and countryside. Here are 7 places that retire expats recommend to check out when considering Hungary for retirement.

8-Things-Expats-Wish-They-Had-Known-Before-Moving-to-Hungary8 Things Expats Wish They Had Known Before Moving to Hungary

Expats share 8 things they which they had known before they made the big move to Hungary - from what to bring to finding a good bank, healthcare to deciding where to live.

The Relocator International Moving Quotes

Write a Comment about this Expat Report

Sign In to post a comment.
addacomment

Comments about this Report

filis
May 21, 2018 15:35

Nice to find another person retiring here in Budapest. Just got here myself but don't speak the language - and as everyone knows it's not easy. Am trying to get myself understood and to understand as much as possible. Would love to meet other ex-pats out there and fine a little community.

filis
May 21, 2018 15:36

Nice to find another person retiring here in Budapest. Just got here myself but don't speak the language - and as everyone knows it's not easy. Am trying to get myself understood and to understand as much as possible. Would love to meet other ex-pats out there and fine a little community.

GeoBlue International Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance in Hungary from our partner, GeoBlue.
Get a Quote

Get a quote for expat health insurance in Hungary from our partner, GeoBlue.
Get a Quote Call  

Guide to Living in BudapestGuide to Living in Budapest

If you're moving to Budapest or a newcomer living in Budapest, here are 14 things to know about life in this beautiful city - from the best districts for expat families and single expats, hospitals in Budapest, international schools, expat clubs and organizations and more.

Healthcare in HungaryHealthcare in Hungary

If you're moving to Hungary or an expat living in Hungary, understanding the Hungarian healthcare system in important. This article offers an overview of the national healthcare system, private hospitals and healthcare, private health insurance for expats in Hungary, clinics with English-speaking doctors and the quality and cost of medical care in Hungary.

Restaurants in BudapestRestaurants in Budapest

Support your favorite restaurants in Budapest as they recover from the pandemic. Submit a free listing for them on Expat Exchange to help spread the word about them to the expat community.

Digital-Nomads-in-Budapest,-HungaryLiving Abroad: Digital Nomads in Budapest, Hungary

Expats and Digital Nomads say Budapest has "a richness of stimuli of every sort" and is a "city both gorgeous and ALIVE." It's no wonder why it's become such a popular location for digital nomads.

Expats and Digital Nomads say Budapest has "a richness of stimuli of every sort" and is a "city both gorgeous and ALIVE." It's no wonder why it's become such a popular location for digital nomads....

International-Schools-in-BudapestInternational Schools in Budapest, Hungary

There are numerous international and bilingual schools in Budapest. In this article, we highlight some of the more popular international schools school for expats in Budapest.

There are numerous international and bilingual schools in Budapest. In this article, we highlight some of the more popular international schools school for expats in Budapest....

Moving to Budapest

An expat in Budapest talks about the cost of apartments, best neighborhoods for expats, what to bring when you move to Hungary and what to leave behind.

Living in Budapest

An American expat provides some insight into what it takes to live in Budapest, Hungary.

12 Tips for Living in Budapest, Hungary12 Tips for Living in Budapest, Hungary in Budapest

An expat talks about what it's like living in Budapest including best international schools, Buda vs. Pest, healthcare in Budapest and much more.

Retirement in Budapest

A U.S. retiree in Budapest, Hungary offers advice on living abroad, including health care, cost of living and some financial considerations.

Culture Shock in Budapest

An expat in Budapest enjoys the lower cost of living, but the bureaucracy and local laws frustrated. Her biggest shock was that the US Embassy didn't really care about expats.

Copyright 1997-2021 Burlingame Interactive, Inc.

Privacy Policy Legal