BigBangWeary
Recycles dryer sheets
Anyone here thinking of retiring/semi-retiring to a more affordable location overseas when they hit their magic number? I am particularly interested in hearing from younger forum members in the 30s-40s range.
We have been expats for 10 years, so we are well aware of issues that come up in regards to cultural differences, distance from family, taxes, etc. But with the cost of living rising so fast in Western countries, and with large promises being made to the Boomers, we are starting to think that this might be an important cornerstone in our retirement plan.
I realize that things are NEVER as they are advertised on blogs and forums linked to companies and real estate pushers, but places like Panama, Ecuador, Thailand, etc. are making more and more sense. A lot of countries offer incentives to people with their own means to come and live/retire. We also see investment potential in some more youthful, developing countries compared to aging populations in Canada, UK, etc. which are only likely to lean on the younger generations that much harder.
We don't aim to be kings, or live the life of a multimillionaire, but sometimes it feels like we need to do some lateral thinking if we hope to have a comfortable life where time with children, time for interests, and time with family/friends does not need to be sacrificed just to pay the bills.
At this stage we are thinking of saving as much as possible over the next 2-5 years and then possibly testing the waters in a country where we could semi-retire early and spend time following some areas of interest. Ideally, we would like to find a location that is one direct flight from home (and that is warmer than Winters in the northeast).
Any other like-minded 'Young Dreamers' on here?
We have been expats for 10 years, so we are well aware of issues that come up in regards to cultural differences, distance from family, taxes, etc. But with the cost of living rising so fast in Western countries, and with large promises being made to the Boomers, we are starting to think that this might be an important cornerstone in our retirement plan.
I realize that things are NEVER as they are advertised on blogs and forums linked to companies and real estate pushers, but places like Panama, Ecuador, Thailand, etc. are making more and more sense. A lot of countries offer incentives to people with their own means to come and live/retire. We also see investment potential in some more youthful, developing countries compared to aging populations in Canada, UK, etc. which are only likely to lean on the younger generations that much harder.
We don't aim to be kings, or live the life of a multimillionaire, but sometimes it feels like we need to do some lateral thinking if we hope to have a comfortable life where time with children, time for interests, and time with family/friends does not need to be sacrificed just to pay the bills.
At this stage we are thinking of saving as much as possible over the next 2-5 years and then possibly testing the waters in a country where we could semi-retire early and spend time following some areas of interest. Ideally, we would like to find a location that is one direct flight from home (and that is warmer than Winters in the northeast).
Any other like-minded 'Young Dreamers' on here?