Why I Retired To Italy and Should You?
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- čas přidán 26. 12. 2022
- Many people have asked me the question why I retired to Italy. The answer has a few different parts.
Italy is an extremely attractive option to retire in. In this video, I share the reasons why I retired to Italy and whether it is right for you. It all comes down to one’s lifestyle Choice. I unpack it all here!
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Retirees who struggle to meet their basic needs anywhere now are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $287k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@@LucasBenjamin-hv7sk Could you kindly elaborate on the advisor's background and qualifications?.
I won't pretend to know everything, though. Her name is Sharon Ann Menys but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.
Thank you Alfredo for speaking of Italians as highly as you did. It made me smile and appreciate my own country even more than I Did before. I am so glad we made you feel at home.
Its a beautiful country full of beautiful people and we hope we can relate that to the world. We came for the lifestyle and your culture which is based on pleasure and beauty, but we stay because of the people.
When you said..."Italy Is NOT a place where money comes first." That's what United States is missing....I Love the U.S. and always will. I was born and raised in Arizona. But at the age of 61 I am discouraged about my future because of the cost of houses, cost of living, crime, and the lack of connection with others. When I am friendly or attempt to speak to certain generations I get looked at like I am crazy. I would like to live in a country where the general spirit is that of integrity and community....
My mother was Italian. Came to U.S. with my father after WWII.
I never heard her mention anything about someone's wealth. Always saw her admiration for how one managed their religion, family, and career.
I enjoyed this video!
Hello everyone… new subscriber here having discovered this channel only a few days ago. I moved to Italy from the UK 4-years ago while working in Rome, but after 2-years of being here, I fell in love with the place and retired here at age 53! I bought a small fixer-up home near Rieti, couldn’t believe my luck, a beautiful little medieval village castle set in the hills next to lake salto. Now I am the only foreigner to have ever lived in my village and because I am still learning to speak Italian, the language barrier remains a frustration for me but my Italian neighbours have been so incredibly warm and welcoming and I get a genuine sense that they are thrilled to have me here. The sense of community is like nothing I’ve ever experienced in my whole life. I agree with everything said in this video 😊 and the cost of living here is easily less than 1/4 of what I needed to survive in the UK, for sure I am not rich and I’ve made lifestyle changes to fund early retirement but one thing has become clear to me, non of my changes have felt like a compromise in my quality, enjoyment and appreciation of life and the new friendships and sense of “home” that I now feel.
So glad to hear you are well! Congratulations. That took guts! I understand the language issues completely! Chip
Thank you for sharing with us your a Blessed man no doubt. Italians are warm and friendly people.
I’m so with you on this one!😊 I’m thinking Italy too… love Sardinia
Does the Italians welcome African-American older female? Im looking to move abroad and so fascinated with Italy 🇮🇹 but I want my living experience as a middle aged black woman to be enjoyable!!
go an visit, regions are different @@antoinettecoletv
I have dual citizenship (US/Malta) and left America when I was 40. I lived and worked in Malta, but the cost of living and immigration made me decide to leave. I retired in Sicily and purchased an old liveable home that needs work for €9,000 (nine thousand). Since I am an EU citizen and have worked in an EU country and contributed enough taxes, my medical care is free. I love the safety, cost of living and life in my village. 🤗🇮🇹
Evelyn I am so glad to hear that. chip
Sounds awesome! Any tips about where to live?
@@MartineReed I settled on a central Sicilian village. I think that everyone has to decide for themselves where to live. I visited Palermo, Mussomeli and Agrigento before settling in San Cataldo. 😁
I love hearing this!
Where is a good place to go retire in Italy? I’m 1/4 Sicilian and a plumber in the US. I’m going to Sicily in October to check it out
@@bmanscire I arrived in Palermo in 2022. However my Italian was very limited. I visited Palermo, Mussomeli, Agrigento and finally San Cataldo. The Lord directed me to this particular village and house. I found the house online and fortunately the real estate agent's son spoke English.
When in Italy one of my best moves ever was when I asked the waiter to serve me his favorite meal. Pasta and mussels in red sauce. I never would have chosen that, it is now my favorite. I love Italy.
Got my juris sanguis citizenship several years ago and finally moved to southern Italy last year. The only question in my mind at this point is why in the world I didn't move sooner? Life has never been so good. Sure, Italy has its share of problems......but it DOESN'T have rampant crime, unsafe streets, insane "woke" culture, elevated cost of living, etc. etc. etc. My family has NEVER been happier.
Where can I learn about juris sanguis citizenship? Specifically, can I qualify and what I would need to do. Any advice would be greatly appreciated. Thanks
If you have any Italian ancestor, you are entitled.
Search online for the newest information, published or updated in 2023. Make sure you understand all the implications, the pros (second passport, healthcare, etc.) and cons (Italian tax structure and how it applies to you. You have a choice of which country you pay taxes to, but you may have to file in both, depending) of becoming a dual citizen. Here is a link, but there are many others;
info@italiancitizenshipassistance.com
Good Luck!!
As we say in Italy 'Meglio tardi che mai!'. Enjoy your life, God bless you.
Oh man, I’m 70 and am so jealous to hear about so many of the commenters who have done what Chris has. I’ve been to Italy 4 times and absolutely thought every time that I would love to live there! BUT I found the same kind of experiences here in the good ole USA in a very small town in the middle of nowhere Texas where I’m feeling like I’m still living in the 1960’s or 1970’s. I grew up in New York City and moved here from California. The people, slow pace, respectful children, low cost rent or land, everybody knows my name, low taxes and, of course, Medicare. We don’t have Italian food sadly but I am a very good cook and eat Italian 5 nights a week. Just wanted to point out that living inexpensively in America is possible as they are many, many small towns just like mine.
We are happy for you
What town is that?
Listen, If you are happy. That is really all that counts. Chip
GOSH..this brought tears in my eyes
Ive been living here in ITALY 4 23YEARS...it is home
So glad for your happiness
I love Italy. Just spent two weeks there and the people were terrific. And the food, gelato, and coffee were even better. It's full of beautiful art, incredible architecture, and very warm people.
We retired in Italy too, 15 years ago and never regretted it. Didn’t speak Italian when we first arrived, either but are more or less fluent now, enough for our everyday life and friendly contacts. I agree with everything said in this video
Thanks for watching. So happy for you
I'm 40, born and raised in Italy (Naples)....but living in Austria which is not that far. Everything you described makes me miss Italy every single day. Austrians are very cold and private as people and have no sense of community, I hate it. but here I have 2 kids with my EX and can't really leave them (or bring them with me).
thanks for the video, I hope you continue to enjoy the rest of your retirement in Italy.
Chip, what a great video. The Mediterranean countries are much more focused on 'community' and feeling part of a community is really important as we get older. Your message is uplifting.
James, I am happy you enjoyed it.
Yes no community in usa usa sucks
This is sad for the USA. My grandparents came to America from Italy in the 1920's for opportunity. They did well, as did their children (my dad and his siblings). Now I'm 60 with a $6000 medical deductible and $1,000 per month medical insurance bill and I'm healthy! It's all out of control here. But what's more out of control is the absolutely isolating world we are living in here. My neighbors barely talk to me. Two times a year when you meet at the mailbox! It's crazy. No one is friendly anymore. It's really a sad cultural reality. I was last in Italy in 2017 and really love it there. You've given me food for thought. I think my brother and his wife are set on spending half a year in Italy to start.
Australia is the same.....lots of Italians here (including my family) but this place has gone the same way as the US, Canada, etc.....unfriendly, completely unaffordable, more crime.........I'm eyeing Italy for retirement :)
At 87 I realize that retirement in Italy was a thought I had and just never followed through. The two trips we took to Italy, one a Tauck tour on a sailboat along the Amalfi coast and a Perillo bus tour exposed us to the things you covered in the video. Being half Italian and having an affinity to the history and culture of Italy has caused me to realize what could have happened if I followed through.
There is no such a thing as being "Half Italian". Being Italian is NOT a Race. Being Italian is a Nationality and a way of life.
@@renatomacchi2195your remark seems mean spirited and uncalled-for. Fairly obviously the poster meant that they have one Italian parent. Put your energy to better use…
@@renatomacchi2195 well, aren't you just full of yourself. Be by quiet.
The good thing about all this is that you know it! Next time you have an opportunity to do something or learn something or see something.. do it. That will make you feel great! I wish you well. Chip
How did you like the Perillo tour? My husband and I are thinking of taking on next year
Food for thought indeed. I studied abroad in Firenze for a year in 1998, after having spent 3 years in college learning Italian - love of the language was the reason I went, but ended up absolutely in love with the people, the culture, and the landscape, too. I miss it terribly! I'm 54 now and the cost of healthcare here in the US is ridiculous and out of control, and we don't have a lot for retirement. I hadn't thought about this as an option... hmm.
Please, do not think...too long; act ...to be happy(er)!!! I am Canadian, happy to be and yet....it sounds BEAUTY-full! (makes me think!) ;) helene
My friend just do it ! I have lived in California for the past 37 years this place has gone down so incredibly I can't describe it. Just pack and go.!
I can afford to be retired in the US financially, I can’t afford to be retired here mentally, emotionally or politically. Just escaping the gun violence would be enough. Plus, it’s where all my grandparents are from.
Joseph, ypu may qualify fir citizenship if you are interested I have a link...write me at info@thelaughingretirement.com Best Chip
Exactly.
I agree, the gun culture here in the U.S. is out of control.
HUGE CONGRATS! 👏🏾👏🏾👏🏾👏🏾👏🏾
🎉hank you fo🎉 posting. It’s very inspiring to hear of your retirement in Italy. I can’t wait for more of your videos!
Thank you for this information. Well done!
Thank you so so much! For sharing ☮️ ❤
Thank you for posting
Benvenuti in Italia
Very helpful, thank you!
Thank you so much for your words! thank you so much!
Love your video. Your sincerity really comes through. It was so refreshing.
What a great video. Thank you for posting it and I’m so happy I found it much blessings to you.
Thanks so much Chip. My husband I just came back from our 2nd trip to Italy in ten years. We are about to retire. What a thoughtful discussion you've provided. You have sparked a true interest as we absolutely love where we live here, in the hills of Northern California, but the idea of a simpler, more affordable lifestyle is enticing. Thanks so much.
You are absolutely right!
Excellent description of the lifestyle of living in Italy, very authentic !
Thanks for your vlog and insights into living in Italy. We traveled to Italy from Australia every year since 2002. Last year we retired to Italy and now whilst in our 60s we're beginning our lives all over. We share many of the experiences you described. Our working careers involved 12 hour+ days so stepping into a slower pace of life has been good for us. Something the Italians have perfected. In Australia we'd be handed an invoice from a tradesperson on the spot. In Italy it can take months... people still trust each other. I'm interested in your Private Health Insurance, the cost you mentioned is much lower than what we pay. Maybe you cover this off somewhere? An emerging area of interest to us is co-housing in Italy for retired expats. Imagine a lovely villa divided into independent apartments where the resident community who share common interests fund all the services they need, gardener, housekeeper, possibly a nurse at some stage.. "The Best Exotic Marigold Hotel" style villa in Italy...La dolce vita!
I’m in!!! I think is a great idea
What a great idea!👏👏
Don't leave me behind!!
Yes, I think that would be a great idea too.
This may be a solution for some. Good Luck with that idea!
Excellent information and essentially my thoughts exactly on why I think Italy is at the top of my list! Thank you!!
thank you for your video.
Thanks for the reply & insight Chip! I’ll look into these areas & Reiti
This sounds awesome, happy for you, all the best!
Intresting, thank you!
I like the way you talk - your voice is soothing and you're so well spoken. Thanks for the insight!
Hi Chip! So good to see you here, looking and sounding awesome as usual! ❤
Great video - very inspiring thanks 🙏
Thanks so much 🙏, Every word is music to my ears! See you around , hopefully soon!😊
Great video! Spot on ! I believe we are losing that connection here in the US . Some places still have it in small communities but it is very rare.
Wonderful way of presenting the case. You are a marvellous communicator.
Wonderful video!
Nice video as always Chip. Thank you for all your help and encouragement in the past. I wish you all the best in the new year. Bill
Thanks Bill. Chip
I love your description and your point of view on different things. I subscribed. Thank you 🙏
Donny, I am glad you like the channel. Please check out our financial info as well. Chip
thank you for this video, i will look for other videos you have. my wife and i are looking to retire in Italy in the near future.
Love your videos and great information, we’re looking to retire abroad as well. We love Italy as well
Thank you. I just found this channel. I keep looking at properties for sale.
For all those who are concerned about the level of health care in Italy, I would like to say that it is not that they are going to live in Rwanda; Italian hospital and specialty medicine in Italy is at the highest level and we have nothing to learn from the United States, while primary care medicine has some little gaps and delays in responding to patients: it used to be second in Europe, but today it needs to be revisited and improved.
Little gaps,I think it’s a bit more complicated the medical personnel is being attacked by angry patients .The emergency department is so overwhelmed 2/3 days wait for a room people actually passed away while waiting I lived it no doctors they are so underpaid it’s awful.
Chip and I both have to say that that is not our experience.
I love love Italia and so looking forward in spending more time there either in Calabria or other regions. I love the fresh food and their culture and their gorgeous landscape and art. I will have a pension and my health care is set. Not sure how that will work in Europe or will I have to pay since not in the USA. I envy you. Thank you for your informative vid. La vita è bella.
Love your videos Chip! Thank you for being so honest and genuine, and glad to hear you are enjoying your retirement in Italy! Although I have many years to go until retirement, as a dual US / Italian citizen, I plan to move to Italy as well for retirement. So your videos are helping me plan!
Let's hope that, in time, you get to live your dream!
Great presentation.
Chip,
You popped up on my suggested videos and gosh darn, this was just what I was looking for.
Convincing the wife is key.
Thank you - this was really helpful! Appreciate your sharing.
Rachel, it is my pleasure, I am glad you liked it. Chip
Sounds wonderful and my husband and I are planning on doing the same thing. It’s our dream to live in Italy. Thank you for your advice. I will read your recommended International Traveler magazine and your channel.
The magazine is International Living magazine. I wish you well. Chip
The move to Italy is back on! Thank you!
Really informative video
I've traveled to Italy twice. My favorite country by far. Subscribed.
Very enlightening vid, We love Italy, however family and grandchildren keep us here!
Chip , Ciao . Awesome video , I had the opportunity to play baseball in Italy 🇮🇹 for two years . 1st year for the team of Roma & lived in Anzio , next year played for Anzio & lived there also . Beautiful country & people & the food is to die for . Looking to visit there again soon , have a friend that played baseball there for Nettuno for 15 years & married am Italy woman from Nettuno , still lives there . My Grandfather is from Villa Santa Maria ( Abuzza ) . Be well & safe . 👍⚾️🇮🇹
Greetings from Sydney Australia 🇦🇺 adore all aspects of the Italian culture have travelled to Italy numerous times I’m keen to travel to Puglia next year
loved your video. im amazed to see someone that takes to the heart something that honestly, many of us italians take for granted, and do not appreciate enought.
Francesco, you are very welcome. You are right! The grass is always greener somewhere else. Chip
You said very important thing, IT IS A FEELING
Where you feel best, happy and comfortable
This is exactly what I feel when I travel to Italy
Amazing culture and hopefully I can move there as well at some point!
Great video and amazing explanation that is true and simple
Nice video and thank you for the nice words about Italy.
You are very welcome! Chip
Hi Chip, I am a new subscriber and joined your facebook page, thank you so much for this information. This confirms that I am on the right track to move to Italy one day. I will try to view your other videos to learn more. Thank you thank you.
Christine, we are very glad to have you on board. Chip
L'Italia é meravigliosa! Auguri e buona fortuna! That was a great move Mr. Alfredo... I'm slowly working my way to retirement and at 57 I'm starting to do my resarch with Portugal first, even though I'm an Italian citizen... Unfortunately not with a lot of resources though... let's see what the future brings. Maybe I'll ultimately wind up landing in the place my parents came from. Thanks for sharing!
Oddly, this video brought me to tears... and I'm not the crying type. Subscribed.
My wife and I have that project. We are borne and rised in Argentina with italian ancestors, but I havent choose a city yet. Thanks for your advices
Wonderful video! Would love to learn more!
More to come! Glad you enjoyed it
Wow! Thank you so much for the extremely valuable information. Just your medical expenses makes the move worthwhile.
Great choice. It's all about the lifestyle. I love the place.
Amazing video !
I’ve been trying to convince mi moglie to retire in Italy for years… Portugal was top of the list. Love it, but my heart is with Italy.
We just learned about the 7% flat tax rate for retiree and started searching for retirement in italy videos… saw your “convincing” blog (not from a 25yr old hipster looking for clucks) and we’ve just subscribed.
Thx, nice work !
Very happy to have you aboard. Chip
It is right for basically anyone, anywhere. It is so Affordable, with no valid reason, and offers more than Anyplace in my humble opinion. So you are a good, lucid person, with correct recognition. Your words in this video bare that out precisely. Congrats to you on being a Winner in life. When you make good decisions you generally get rewarded. Enjoy Sir. God Bless.
Great video!
Wow this is some advert for living in Italy. Wonderfully communicated 👌🏻
Its not an advertisement, its mostly just our personal experience. Of course, there is no perfect country. Living in every country has its own advantages and disadvantages and comes with set of "idiosyncrasies", but for us, for now its a nice fit.
Couldn't agree more. Me and my family lived there for 7 years and just returned to USA about a year ago. I am struggling with the "reverse culture shock" here - and yes it is a thing. Prices of everything here, food, gas, rent, etc is ridiculous! Not to mention the rat race mentality! But the most important things that you touched on are the pace of life and the quality of the relationships there. Even after a year, I am still chatting with my Italian friends "back home" almost on a daily basis. Looking to retire in the next 10 years, and going "home" is the number one priority. Interested in learning where you settled down in - which region?
Sorry you are struggling and I hope you can return.. Chip
We live in Rieti province
Hello all, I’m a new subscriber; looking to retire there this year or early next! I’ve done a lot of research. I am Italian-my father is Northern and my mother is Sicilian- I have spent time in Italy, mostly Tuscany, and love it there! Alfredo, everything you say is spot on!! Grazie!
Omg I LOVE Italy! Everything you say is sooo True! I studied a semester there and have visited three times since and I truly feel I must have been Italian in a previous life! I really hope i can retire there as well 😃 Thanks for sharing
Thanks for watching
Thank you for a great video! I’m certainly considering Italy for my retirement. I was lucky enough to have lived in Italy from 1987-1990. It was incredible.
Glad it was helpful!
Great Video! I purchased my house in Bagheria in 2017. I visit twice a year and plan on retiring there within the next two years. It is so much more inexpensive in so many way than the USA. I love the USA though!
Thank you for this video so informative. I have friend's that are Italian I so much admire their culture and lifestyle. You are corrext unlike us in America their food is freshly made.
Thanks for the information. Yes the US is expensive to live in, yes it's money first but it's where my roots are. My kids are, and my grandkids are. I worked until 64 and saved enough for a good retirement. But I wish you and your wife the best in Italy.
10-23-23
7:50
San Diego, Ca
Hello Alfredo,
Thank you for your video. I enjoyed watching your video and your comments. I would love to move to Italy and for all the reasons you mentioned. I have been to Italy five times. Our last visit was in September and we were on the east side of the peninsula. Absolutely loved it.
Glad to have you join and enjoy our channel. I hope you will subscribe. We have more to come and a whole section on finances. Chip
Stumbled upon this… so good
Gee thanks for watching
Nice video! We did the same as you. We're about 30 minutes north of Benevento and we're loving retirement and our little town.
Glad to hear it; please stay in touch. Chip.
Loved the video no BS honest straight to the point i missed the boat at 88 years living in Ireland hate the awful weather bad government high prices at least i can smile that you made it im in your FB page ,Thank you.
Hi David, We considered Ireland and it was one of our 5 semifinalist countries. We went to imagine what life would be like there and had one of the most wonderful mini retirement vacations there when we were choosing countries. We love the Irish people, but for the rain and some other reasons, it didn't make our top 3 list. THanks for watching!
When I first watched the movie Under the Tuscan Sun I fell in love with this country and lifestyle based on what I saw in this movie. I’m now in the same boat you were talking about regarding your retirement while you were in the states. I’m going to subscribe to your content and found the magazine you were talking about. Now I’m seriously thinking about making the jump to Italy but what worries me is the wheelchair or powerchair access. This country is so old I just figured the access would be non-existent. I have enough problems with access here in the states. I’m really glad I stumbled on your content here on CZcams today. You have given me a second chance to re-e vent my life in another country. Thank you!💕
Hi. I just watched a video showing how Pisa and surrounding is great for wheelchair accessibility.
a relative of mine lives in Italy... and wheelchair access is awful! But it could vary dramatically in different parts of the country... Imperative to research careful ahead of any big jump!
Great to find you Chip. Thanks for the heads up! Which village have you settled in? I grew up in South Africa but my Swiss - Italian roots are calling.
I am pleased for you, I hope you enjoy in good health.
Great insight! I came to the same conclusion😀👍
Thank you for the wonderful information! Sounds absolutely incredible Chip! I'm looking for a place to retire. I've checked some of the same countries as you. I even looked at Southeast Asia too. But after watching your video, Italy sounds like what I am looking for? Excited to travel there, hopefully this year? I have 3 years before I retire.
I.am glad we could help. Base your travels on the climate and topography you think you may want
If you looked at SE Asia you want warmth so you may want tot start with central Italy 🇮🇹 and work you way south. Glad you are watching us...Best regards Chip
I love this!
This just what I needed to hear I visited on my 50th birthday as a gift to myself and fell in love with all things Italy and planning on moving there when I’m retired thanks for the information 🥂
You are so welcome! Thanks for watching!
I enjoyed your video, I'm planning to retire next year in the Philippines. I've always wanted to visit Italy, it has so much history and culture.
Thanks Leroy, glad your watched. Chip
Hello my wife and I just subscribed here. We are weighing options and locations and have a 2-3 year mission to reinvent, retire, and to live. I will be 60 in 3 years and I own a home in Florida and I really want to see what our options are and we have been weighing Portugal vs Ecuador vs CR, vs Panama like many people do. I had looked lightly at Italy (that whole 1 euro home thing). We do love Italy as tourists. I will be watching all of your videos and I think it is great that you have said exactly what we are looking for in terms of ability to retire early, in style, fresh food, and an embracing culture (not a spot where the gringo is reviled) - thanks for putting this together we will be watching. Best wishes
just returned from Italy as a tourist but would like to explore the inland areas and by listening to Chip want to move there - well done
Thank you for watching
I fell in love with Italy as a teenage exchange student fifty years ago. I fell in love with Italy for all the reasons you mention. La vita e dolce in Italia!
New to your channel. Thanks!!
A very interesting video. May I ask why you decided on Reiti? I agree Italy is a great place. I'm having a problem knowing what part to move to. There are so many beautiful places. Thank you