Malaysia
What are the most challenging aspects of retiring in Malaysia?
We asked retirees what they find the most challenging about retiring in Malaysia. They wrote...
"One of the most challenging aspects of retiring in Malaysia is finding and securing an adequate pension plan. Retirement planning in Malaysia is complex and often requires the help of knowledgeable financial advisors. Another challenge is acclimating to the climate and culture in Malaysia. Depending on where you are from, the tropical climate and cultural norms of Malaysia may take some getting used to. Finding a place to live that meets both your lifestyle and budget requirements is also an issue, as the cost of real estate and rental property can be expensive. Furthermore, understanding the laws, regulations, and taxation requirements related to investments, pensions and income can be complicated. Finally, access to healthcare can also be a challenge, as coverage can be sparse depending on your location and coverage options," commented one expat who made the move to Malaysia.
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"I dislike the double standard in pricing and that is common throughout Southeast Asia, Central America, Africa and Europe," remarked another expat in Penang, Malaysia.
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Other Questions:
- What do I need to know before retiring in Malaysia?
- How do I meet people in Malaysia?
- What is life like in Malaysia?
- Is there a lot of crime in Malaysia?
- Is there a lot of diversity? Are people in Malaysia accepting of differences?
- What are the schools in Malaysia like?
- Is the cost of living in Malaysia high?
- What advice do you have for expats having a baby in Malaysia?
- What are healthcare services like in Malaysia?
- Is the cost of living in Malaysia high?
- What type of recreational facilities are in Malaysia?
- What is the weather like in Malaysia?
- Are there good restaurants in Malaysia?
- Where will I buy groceries and do other shopping in Malaysia?
- What are the visa & residency requirements in Malaysia?
- Are healthcare and health insurance expensive in Malaysia?
- What do I need to know when buying property in Malaysia?
- Are foreigners allowed to own property in Malaysia?
- What appliances are typically included in a rental?
What are the most challenging aspects of retiring in Malaysia?
If you live in Malaysia, newcomers to Malaysia would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
