Ready to retire and be a expat!

[firsttimer]

I think Alaska55 asked a fair question...about did he have enough to retire in Thailand. I personally would like to ask what is the consensus on this issue? Aside from the irrational behavior...

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[firsttimer]

Mobile app works great BTW

Sent from my XT1028 using Early Retirement Forum mobile app

[Ready]

Quote:

Originally Posted by firsttimer I think Alaska55 asked a fair question...about did he have enough to retire in Thailand. I personally would like to ask what is the consensus on this issue? Aside from the irrational behavior... Sent from my XT1028 using Early Retirement Forum mobile app

I think the consensus on this would be that between the $2,190 SS at 67 plus the $300 pension, the OP is very close to the $2,500 per month budget he is looking for. However, lots of things can happen that could drive anticipated expenses up far beyond $2,500 over the remainder of your life. Members on this forum tend to be conservative, and would want to know that they have a significant buffer above and beyond their budgeted expenses. I would suggest that in this case the buffer is too low for most of us to feel comfortable.

If continued part time work is an option, that might be a good compromise here.

[kcowan]

I have a friend here in PV who lives on his SS and has 2 rental properties. One property has a long term renter. The other is on the beach and has numerous short term renters. When the occupancy is high, he is fine. But I can always tell when there are not enough high paying renters.

In fact he has decided to try to liquidate the two properties even though returns on cash are so low.