Surewhitey
Thinks s/he gets paid by the post
We are moving, likely to Playa del Carmen, Mex. We've visited there a lot over the years and we have hooked up with 2-English congregations for local support and volunteering.
Has anyone got advice for us in their transitions to another country? If you have stories of Mexico (no doom & gloom about body parts, please), please share them.
We are also planning on visiting a few other places, say, Lake Chapala (Mexico) or north of San Jose (Costa Rica) in the summer (cooler there) and coastal regions in the winter, maybe Belize too.
We will have a budget of living on $2-2,500 in areas outside of tourist spots. We've spoken to a few we know personally who talk about $1-1,500, so we're trying to be reasonable & conservative.
We do not have a home to leave (aka renters) and our kid-o is married living in Dallas, so we can get back quickly if need be.
Our financial situation is appx. $950k (pretty liquid on half) and no "assets" to speak of. Planning on selling everything but what we can fit in one car and driving it to Dallas to leave at our daughter's house. We have appx. $6k annually in dividends coming in currently with $115k invested, another $180k in cash accounts & a small loan to the kido's; the rest is in CD's & 401k's. All in all, I expect a modest 4-5% on average or $38-47k annually.
We should be able to not touch our principal for the most part and our returning to the states is undetermined right now. I have a hunch, maybe 2 years.
What our your thoughts
Has anyone got advice for us in their transitions to another country? If you have stories of Mexico (no doom & gloom about body parts, please), please share them.
We are also planning on visiting a few other places, say, Lake Chapala (Mexico) or north of San Jose (Costa Rica) in the summer (cooler there) and coastal regions in the winter, maybe Belize too.
We will have a budget of living on $2-2,500 in areas outside of tourist spots. We've spoken to a few we know personally who talk about $1-1,500, so we're trying to be reasonable & conservative.
We do not have a home to leave (aka renters) and our kid-o is married living in Dallas, so we can get back quickly if need be.
Our financial situation is appx. $950k (pretty liquid on half) and no "assets" to speak of. Planning on selling everything but what we can fit in one car and driving it to Dallas to leave at our daughter's house. We have appx. $6k annually in dividends coming in currently with $115k invested, another $180k in cash accounts & a small loan to the kido's; the rest is in CD's & 401k's. All in all, I expect a modest 4-5% on average or $38-47k annually.
We should be able to not touch our principal for the most part and our returning to the states is undetermined right now. I have a hunch, maybe 2 years.
What our your thoughts