Hi, from an American in Dubai
Just joined. I have been enjoying all the threads especially the ones on retiring abroad.
I am a 26 year old expat living in the hustle and bustle of Dubai.
-Salary, 70k USD, tax free plus bonus+ full international health insurance, plus airline ticket home every year.
-Roth IRA,(vanguard) around 35k so far, maxing out yearly of course
-Offshore Pension Scheme-Royal Skandia- 7kUSD so far invested in high growth mutual funds, Non-USA, this is a monthly deduction scheme 500 USD.
-Monthly expenses, varies 3-5k depending if I decide to travel somewhere.(rent is expensive, but I am not convinced that the housing market in Dubai has such a booming future, holding out on that a bit, possibly good deal for retiree's as you get a residence visa automatically if you buy a property)
-Rest of salary going towards my Global Trading Etrade account/Savings
-Future plans, 2 years more in Dubai and move with Fiance(European) to UK or to France, possibly Singapore or New Zealand. Still debating
That's me. If your curious about Dubai, it's a pretty crazy place, amazing watching a city being built day by day, summer's horrible, but besides that it's sunshine everyday.