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Old 12-08-2023, 08:40 AM
 
7,452 posts, read 4,681,624 times
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Inflation is big in rich countries like USA. My solution is retire abroad where inflation does not go up that much because the market keeps them manageable. Then, find that fancy (safe) place and settle there. I can have my cake and eat it too.

To OP, have you explored down-sizing, or moving somewhere of lower cost? To me those are always nice options...as the current place becomes more expensive to maintain ... that may not be a bad thing.. It could also mean the price of the property went up. Since, you will be retiring, maybe moving to a place that is just up and coming (lower cost) makes sense for you. You can pay in full from the sale AND have the extra money as additional funds.
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Old 12-08-2023, 01:00 PM
 
Location: East TN
11,119 posts, read 9,756,639 times
Reputation: 40532
If OP moved abroad, he wouldn't have access to the VA healthcare unless he flew back to the US for it.
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Old 12-08-2023, 01:08 PM
 
Location: Sydney Australia
2,299 posts, read 1,518,441 times
Reputation: 4817
Quote:
Originally Posted by TheShadow View Post
If OP moved abroad, he wouldn't have access to the VA healthcare unless he flew back to the US for it.
If you move somewhere in Asia you may well find it will be as wealthy as most western countries in a few years. We like to tell people that we are so old that we went to Singapore when it was poor.
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Old 12-08-2023, 03:41 PM
 
Location: Central Ohio
10,834 posts, read 14,934,551 times
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Quote:
Originally Posted by TheShadow View Post
If OP moved abroad, he wouldn't have access to the VA healthcare unless he flew back to the US for it.
I have no desire to ever leave the USA and family.

Family is everything and the only thing that matters.

We have zero desire to travel unless it is for a family event like a wedding or family reunion.
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Old 12-10-2023, 04:30 PM
 
810 posts, read 1,181,713 times
Reputation: 1600
How strong are your HOA funds? Needing a new roof often has communities having an assessment to cover those expenses.
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Old 12-11-2023, 03:21 PM
 
Location: Central Ohio
10,834 posts, read 14,934,551 times
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Quote:
Originally Posted by saralvr View Post
How strong are your HOA funds? Needing a new roof often has communities having an assessment to cover those expenses.
Very strong.

I am a member of the HOA board and a roof replacement doesn't bother me.
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Old 12-11-2023, 05:18 PM
 
Location: Boca Raton, FL
6,884 posts, read 11,242,310 times
Reputation: 10811
Smile Great job on the budget!

I think the OP's living situation is very desirable and affordable.

He is including all his costs including cleaning and maintenance.

His taxes and HOA fees are very reasonable.

He's earned a nice, comfortable and long retirement all in good health, of course!
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