So here I am, a refugee from the old TMF board, who planned on having a nice income for the next, oh, ten or twenty years which, combined with low-spending, would give me a decent nest egg to live off of.
Did I mention I'm in tech?
The bottom fell out and all signs point to a lot of what I do being moved to cheaper locales. Actually, if the locales varied a little, I could adapt just by moving there. Unfortunately that's not the case, the two countries that are benefitting the most aren't known as especially immigrant-friendly.
So here I am, facing a "retirement" from my career which may happen in the next year or two!
What do I have? My apartment (no home.) About $115K in stocks, bonds, funds, and cash right now, mostly cash and TIPS/I-Bonds. Early 30s. Not great savings, but not bad either. Plus I'm healthy.
My one comfort is that, worst-case, I could take a relatively low-paying job and live off that and interest from my savings, growing the rest to provide a decent, if low-key, retirement. Or I could go lurk offshore for a while, perhaps in one of the less expensive European nations (Hungary, Poland, etc.) and wait out the economic problems. Or call up mom and dad and ask whether they need someone to feed their cats
I could also try to gear up for a job that's resistant to moving overseas (i.e. nursing), but there are also concerns with cheap immigrant labor being brought in for those jobs, not to mention everyone else having the same idea.
So... you're in my shoes. What do you do?
Did I mention I'm in tech?
The bottom fell out and all signs point to a lot of what I do being moved to cheaper locales. Actually, if the locales varied a little, I could adapt just by moving there. Unfortunately that's not the case, the two countries that are benefitting the most aren't known as especially immigrant-friendly.
So here I am, facing a "retirement" from my career which may happen in the next year or two!
What do I have? My apartment (no home.) About $115K in stocks, bonds, funds, and cash right now, mostly cash and TIPS/I-Bonds. Early 30s. Not great savings, but not bad either. Plus I'm healthy.
My one comfort is that, worst-case, I could take a relatively low-paying job and live off that and interest from my savings, growing the rest to provide a decent, if low-key, retirement. Or I could go lurk offshore for a while, perhaps in one of the less expensive European nations (Hungary, Poland, etc.) and wait out the economic problems. Or call up mom and dad and ask whether they need someone to feed their cats
I could also try to gear up for a job that's resistant to moving overseas (i.e. nursing), but there are also concerns with cheap immigrant labor being brought in for those jobs, not to mention everyone else having the same idea.
So... you're in my shoes. What do you do?