Posted on 10/15/2012 8:38:16 AM PDT by US Navy Vet
Many baby boomers who haven't saved enough to retire well are contemplating delaying retirement. But if working into your 70s isn't possible (or appealing), moving to a place with a much lower cost of living can help stretch your retirement savings and finance a better quality of life.
A retirement income of $40,000 per year certainly won't go very far in Honolulu or Miami, but there are plenty of other places where it can fund a comfortable retirement lifestyle. If you're willing to relocate to a place with a low cost of living and affordable housing, this modest retirement income could give you access to interesting activities and top-notch medical care
(Excerpt) Read more at finance.yahoo.com ...
Jakarta!
Maid and driver ( approx $3,000 per annum)
Lodgings (approx $7,000 per annum, including utilities)
food (approx 6,000 per annum)
drink ?
lifestyle?
Jakarta will be the “capital of retirement” within 10 years!
I visited Thailand several times as a youngster in the 1950s/early 60s. My dad was asked to build a paper mill for International Paper in Laos and it looked like my mom and I would live in Thailand since civilization as we knew it was limited in Laos.
Damed glad we didn’t make the deal work since a few years later, it got really ugly for Americans in this part of the world.
Yes Eric it did get ugly in S.E.A. at that time. I served with the U.S. Army Special Forces (Green Berets) in the late 1960’s (Vietnam War).. I was based in far N.E. Thailand - working along the Lao and Cambodian borders with some patrols going into Vietnam.. Things got drastically better for Thailand after the war and has become very modernized while still holding on to much of the old charm.
We are blessed and cursed with living in Wino Counry in N California. With the exception of post Christmas until Easter, our weather may be the best in the nation.
We are about an hour from the Ocean and two hours from the Sierra’s for outside fun.
Living with the increasing Nannyism of the left wing and the tax and spend mentalities of the left is bad.
We have discussed years about getting out of Dodge for the bad months and living in the St Augustine area. Once we cracked the code of how to find the beaches, which my wife loved, she was happy. I have a good fly fishing friend there with a cadre of fly fishers. I could kayak every day and fish the various waters. I made friends with a couple of guides down there, who would take me along for free to show people how to use the shorter two handed rods for fly fishing.
Some inlaws spent a couple of months in the Keys this winter, and loved it.
We don’t handle heat well, so Floriduh would not work year round.
So we would come back to Wino land after our mild/short but nasty winter was over.
Also, our family is in this area as well as friends going back decades.
Before the cartel took over, we loved the Mexican coast and thought about buying time shares or a condo to live in during our winter. Mexico has become a nightmare for most people.
PFL
This would be tough to deal with....LOL
Detroit?
“Gonna pay off the house, work as long as I physiclly can, and stay put.
I like where I am; I like what I do. And I’d like to have the money to spend on grandkids.”
There is nothing wrong with that. My wife and the MD she worked with for 30 years were talked into coming back out of retirement to work one day a week to help the doctor, who took over the practice and his staff a get a day off during the week, knowing their patients had good care.
We know several people after the melt down, who now work a day or two a week. They enjoy the work, getting out of the house, away from the spouse/neighbors/nearby family and having the extra money.
There's an old Irish saying that a stranger is only a friend you haven't met!
;^)
How is the local attitude towards Infidels there?
I ran into hoards of liberal Northerners who denigrated everything Southern - but wanted the advantages of the low cost of living and the warm climate.
The Southerners were warm and polite - not a stranger in sight;)
Most of those photo shots are along the Gulf of Siam (Thailand)... This is on the opposite side of where the Tsunami hit in December 2004. The Gulf of Siam is much like the Caribbean. North East Thailand is hills and mountains and has cooler summer weather especially at night. So - one can have a choice of places to retire. I am glad I have spend 40 years in North Texas - I will be much more able to handle the heat.
Also - if some of you guys are single ... I know great ways to meet Thai women. :)
Best of luck to you.
Gloomy—shoomy—just think of all your savings on sun block:)
As to where the money comes from (to support the medical and retail ventures)...why it’s energy. Westinghouse Nuclear has been HQ’d here forever (they have already outgrown their new campus in Cranberry Twp, PA (Butler County). Flying under the radar has been the Marcellus Shale boomlet—shale oil and natural gas production—even the specialty steel is making a comeback for pipelines, tanks etc). Also banking and finance (BNY Mellon is HQ here).
Lastly, our current population is older—so a retiree demographically “fits in” here:)
My idea is this:
I’ve seen too many people retire, and within 6 months were back as “consultants”. Why? Because they didn’t have as much money as they had thought that they did.
I figure the Lord put men on this Earth to be productive as long as he could. Some people can be productive in retirement. My father was a great handyman and was constatly repairing things for the widder-ladies around town.
I’m not that type. If I have nothing to do, I like to sit and read. That’s OK as long as you do have something to do to get you off your rear-end. I don’t. I like to read.
So best I keep working.
Unless you're eating at top restaurants?
Yes - the Durian - supposedly a Great Taste - but what an awful smell... The fruit is banned from the hotels in Thailand ...
He might consider Cedar Park and Leander, which are (mainly) in Williamson County, NW of Austin's Travis County.
I have a good friend, originally from NJ, who has lived in the area twice. Both times, he bought a house in Cedar Park--wouldn't consider city of Austin or county of Travis.
(In between his two stints in Cedar Park, he lived in Colleyville near Fort Worth, Colleyville being most damn conservative city he could find up there ≤}B^) )
And the new abundance of natgas is delaying the restart of nuclear projects in North America.
(I currently work for one of Westinghouse's competitors. 'Nuff said, except: Wilmington NC is kind of nice.)
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