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My mother owned 3 waterfront homes over the years. Hurricane Gloria ripped out the sea wall and first 100 feet of the first house. Hurricane Bob flooded the main floor of the second house and deposited a 30 foot sailboat in the swimming pool. I’m 50 feet MSL. I can walk to the beach. No FEMA flood insurance or evacuation. Of course, most people here wouldn’t want to deal with the coastal Massachusetts winter. I ski so I welcome winter. It makes summer more meaningful.
Yeah, my Corpus Christi condo got destroyed right after I sold it, by that last hurricane. Glad we don't have that here....
I don't quite see living out my retirement there but I would do halfsies - live there 6 months and come back the other six. Then just switch on down the list. Best of all worlds.
-Culture shock is not a big thing unless you plan to live amongst the Amazonian tribes
-You’re hardly a minority as many of those countries are top tourist destinations and have plenty of western ex-pat communities
-Not speaking the local language isn’t an issue when English is everywhere
-Corrupt bureaucracy is everywhere
- Local customs? And you think America treats its minorities and women any better? (See the cop shootings and #metoo movement)
- Family near the holidays or in an emergency can’t retire for you
Sounds like a bunch of excuses to me. Which is funny, considering how much everyone usually complains about how expensive it is to retire in America and the insane cost of healthcare.
You completely misunderstood the points I made.
You move to a different country with a different language & foreign traditions & no family or old friends around & unable to get a good (fill in the blank) & once the novelty wears off several months later & it becomes day to day living... one experiences a form of culture shock, or if you prefer buyers' remorse & isolation that one has to work through at some point. Like the questioning many have about 6-7 years into a marriage, "did I make the right choice" kind of existential crisis. It's extremely common & doesn't involve any tribal living.
I won't go your point through point since you are obviously missing the point or just being deliberately obtuse for some reason.
Then you get complete health-care for $80/couple a month, when you cross this border. LOL. No deductibles or co-pays. I got to ride in an ambulance for 2 hours, all covered.
A two hour ambulance ride? And some people here won't move anywhere unless a world class hospital is 5 minutes away.
That article is saying that a couple needs $200k in savings to retire.
I retired in 2001, at that time I had a pension that paid me a bit less than $1500/month and we had $100k in savings. We used the savings to buy land and to construct a farmhouse.
That article is saying that a couple needs $200k in savings to retire.
I retired in 2001, at that time I had a pension that paid me a bit less than $1500/month and we had $100k in savings. We used the savings to buy land and to construct a farmhouse.
Some of those are suspect. No way in hell that Austria could be affordable to retire in. Besides, it's part of the EU, and it is impossible to move to the EU if you don't have a great job lined up. They're not exactly looking for fat foreigners to come and live out their retirement there.
Several countries have retirement visas (which specifically prohibit working, btw). I don't know about all of the EU, but it is relatively easy to retire to Spain or Portugal.
Then those $200K will last twice as long: 16 years.
Hmmmm. What would one do after those 8 years, or 16 years?
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