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Looking to retire

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ivilaire
5/29/2016 12:18 EST

I live in Arizona and am looking to retire in 4 years time. I am wondering which city would be best for someone of my age then (62) where I do not have to drive, can have easy access to basic necessities and can live on modest social security benefits.

CountCarter
5/18/2018 12:36 EST

Well, this post is two year's old now... still considering Romania for retirement? I am from Texas, wife is from Transylvania... I retired to Cluj Napoca. Absolute the best city in Romania for Americans to retire in. Everything you need is here including American football team, Cluj Crusaders. Very good public transportation, parks, hospitals, and this is an university town full of foreign students... way kool here.. The Cluj Count has spoken..

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Knowing567
5/13/2018 10:09 EST

The law requiring people in Romania to pay taxes on their "foreign income" , 16%, is fairly new. I think it is intended to tax the many Romanians that work in other Europe contries. However it seems like "foreign income" entails pensions too. So, if you have American Social Security, and pension, you have to declare that for taxes purposes (by Romania). I would love to discover a clarification of the law stating that they are not considered "foreign income" but, so far, I did not.

Scorpio11
5/12/2018 21:03 EST

>> "I do not understand this." <<
Information is valid. As long as you use only debit/credit cards linked to your American (?) Bank you don't have to worry about taxes in Romania. From their "financial" stand point you are "INVISIBLE" ! :-))
The only time you may worry about "taxes" is if you derive any income ....in Romania.
Imagine you are a tourist in the country. Would you worry about taxes ?
Now if you collect interest from "deposits" at a Romanian Bank, or get involved i any activity from which you would derive an income, THAT you'd have to declare, and pay taxes on.
Any other questions ? :-))

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Expats in Romania share their tips for living in Romania. They discuss the pros and cons of living there and offer advice about driving in Bucharest, finding an apartment and more.

Romania Forum Romania Forum
Meet other expats and talk about living in Romania.

Healthcare in RomaniaHealthcare in Romania

Expats living in Romania discuss health insurance, Card de Sanatare and quality of medical care in Romania.

Moving to RomaniaMoving to Romania Guide

Expats moving to Romania, should read this article that covers healthcare, best places to live, culture shock, and much more.

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Real estate listings in popular cities and towns in Romania.

Pros Cons of Living in RomaniaPros & Cons of Living in Romania

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Romania.

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Contribute to Romania Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Romania.

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