Expat Teacher
Confused about dryer sheets
Hi there
I am a NZ citizen married to a MN gal from "The Range". We met overseas and have taught in international schools for over 20 years. It has been a great gig but we are considering returning to either NZ or the USA in June 2017. I am 55 and my wife is 53. We have put together a portfolio of just over a million dollars. I figure if we earn enough to cover our costs (earn $40K per year to live on) for the next 5-10 years (and not touch our nest egg) we should be in really good shape when we eventually stop working. I am trying to come up with a budget with zero retirement income as I am not eligible for SS and what my wife will get is not really worth counting. The monster in the closet for me is medical insurance - costs for this in the USA seem to be increasing faster than a NASCAR.
If anyone has any thoughts if our plan I would love some feedback. Any advice from former expat teachers on the topic of early retirement would also be cool.
Regards
Expat Teacher
I am a NZ citizen married to a MN gal from "The Range". We met overseas and have taught in international schools for over 20 years. It has been a great gig but we are considering returning to either NZ or the USA in June 2017. I am 55 and my wife is 53. We have put together a portfolio of just over a million dollars. I figure if we earn enough to cover our costs (earn $40K per year to live on) for the next 5-10 years (and not touch our nest egg) we should be in really good shape when we eventually stop working. I am trying to come up with a budget with zero retirement income as I am not eligible for SS and what my wife will get is not really worth counting. The monster in the closet for me is medical insurance - costs for this in the USA seem to be increasing faster than a NASCAR.
If anyone has any thoughts if our plan I would love some feedback. Any advice from former expat teachers on the topic of early retirement would also be cool.
Regards
Expat Teacher