Retiring overseas to beat inflation

[DangerMouse]

We will be retiring to Australia, however that is easy for us because we are Australian.

Parts of us want to stay in the US, parts of us want to go back to Australia, whilst other parts of us want to move back to Europe.

All I know is it is confusing when you have these options.

[Medit8]

Retire2India- Great site. That's a lot of information to put on a public site.

I am of European descent, having lived in the US for 18 years and now living in Asia. I love it out here and couldn't envision living anywhere else in my retirement years. I'm about 18 months away from FIRE and will firmly plant my roots here. Helps that my wife is from this part of the world and my kids are born here. However, even if that wasn't the case, I would make the same choice (if I was the sole decision maker). Weather is great, food is fantastic, health care is affordable and schooling is excellent. I miss Samuel Adams, great buffalo wings and skiing. But I'll make do.

[martyb]

[quote=Purron;598421]My DH and I wouldn't consider it because of family and friends in the US. We do, however, have some friends who are retiring to Panama. Apparently, lots of people retire there for a variety of reasons inclusing a lower cost of living. quote]

Never lived in Panama, but I have a friend who lives there and I've visited. I love it, and if my wife would go for it (she won't) I'd consider moving. Or...at least spending a good bit of time there each year. I'm sure I'll continue to visit.

[RunningBum]

Nanita, I was just suggesting that if you are interested in what others have considered with respect to retiring outside of the US you might search those past threads that have already covered this. A lot of people aren't going to bother repeating something they've already posted, when you can easily find their past posts.

Personally, Argentina has always interested me as a place to visit someday, but I have no desire to relocate there since I have no ties and can't speak the language well enough to function.

[lazygood4nothinbum]

i am definitely considering buenos aires. the guys there are so hot. lots of european/latin mix, woof. so maybe i'm not totally motivated just by saving money after all. i imagine myself spending at least 6 months to a year there or longer if my heart gets stolen. to that end i'm enrolling in conversational spanish classes this month.

i'm not so convinced that living overseas is so much cheaper than stateside even though most everything i read seems to say so. international medical insurance is maybe 1/2 priced off the 4k i pay now. as a single guy i'd likely live in cities for socializing so rent would be similar to the cost of staying in my house here, if not a little more expensive actually. my food consumption is maybe $5K/year here so how much will i really save? a few bucks here and there is all. maybe it adds up.

where i see saving money is that i'd like to travel and experience the world which would be much less expensive and much less of a headache without keeping a homebase here. and to that, argentina is looking real sweet.