Retire in Style
3 Places to Retire Internationally
HOW TO FIND LEADERS WHO ARE HUMBLE Don’t Miss This Quality in Your Leaders Books like Susan Cain’s “Quiet: The Power of Introverts in a World That Can’t Stop Talking,” and Tomas Chamorro-Premuzic’s “Why Do So Many Incompetent Men Become Leaders? (And How to Fix It)” both point to a serious problem with American business leaders — they are sorely lacking in humility, and that’s hurting their businesses. Oftentimes, when businesses think of “good leaders,” they think of someone with charisma and drive, someone who can command a room. The only problem is that many times these leaders turn out to be narcissists who do the work for their own benefit, rather than that of the company. American employees are picking up on this. In recent surveys, 54% of millennials say they look for humility in their leadership. This begs the question: How do we find humble leaders? What are some qualities we can look for to identify them and utilize their talents? While many of the valuable traits found in humble leaders exist below the surface, there are still a few indicators of humility visible to the naked eye. Looking to Others for Input Rather than treating their own word as law, humble leaders will always look for additional input about their decisions from their employees. They make everybody else feel like they have a say. Even if you’ve always planned for a comfortable retirement in the United States, choosing to live internationally could be a smart alternative to improve your standard of living in retirement. International Living Magazine’s Retirement Index has tracked objective retirement metrics — like the cost of living, democratic stability, and health care — for the last 40 years. They also take into account reports of correspondents actively living abroad. Here are some of their top picks for international retirement destinations. Panama Panama ranks No. 2 in International Living Magazine’s list of best places to retire internationally. With its tropical climate, proximity to the United States, excellent health care, and low tax burden, it’s easy to see why. In Panama City, you can expect to pay at least $2,600 a month in living expenses, but housing costs are substantially lower outside of major metropolitan markets. Panama also offers excellent discounts, up to 25% off of things like airline tickets, hotels, and energy costs through its Pensionado program. Costa Rica If it’s a textbook paradise you’re looking for, look no further than Costa Rica. Thanks to a 1948 decision to abolish their military and direct
all of those funds to health care and education, Costa Rica is often referred to as the “Switzerland of Central America.” Known for its stable democracy, safety, and socialized health care that’s only available once you’ve obtained residency, Costa Rica also offers climates for just about everybody — from the lush jungles of the south to the hot, dry beaches of Guanacaste in the northwest. Expect to find large communities of expats to help you acclimate. Mexico The first things that come to mind for most people when you mention Mexico are margaritas and beach umbrellas, but this country offers a lot more than that. For starters, Mexico features an enticingly low cost of living. International Living estimates a couple could live in Mexico on anywhere from $1,500–$3,000 per month, depending on location, including health care expenses. Once you’ve obtained residency status, you can sign up for national health care plans that offer full coverage for just a few hundred dollars annually.
Admitting Their Mistakes We all mess up from time to time. It’s part of being human. While some leaders prefer to sweep their shortcomings under the rug, humble leaders will be honest about their mistakes and their efforts to correct them. They also don’t shy away from getting help. Treating Everyone With Respect Anyone can treat their equals and superiors with respect. People do that all the time just to get something they want. It takes true humility to show everyone respect, regardless of their station at the company. When you’re looking for leadership, don’t discount the quiet employees or the ones who seem to lack confidence. They just might be the right person to mobilize your workforce.
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