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@setexenv, good post. Owning property is more the exception than the rule. Also, leave your guns in the US, even though armed guerillas roam your new neighborhood with AK47s. I have been thinking about Philippines (many friends and relatives). Medicare does not apply there. However, medical and dental very cheap. $1,500 monthly pension buys a good lifestyle with maids, 4k or more puts you in the multi-billionaire class. Everyone speaks English. You are a $400 plane ticket away from any Indo-Pacific dive area. Had friends in Belize and Costa Rica, love these places too, but theft was such a huge problem, but this is a a factor in any 3rd world country. Have been in Argentina, across the river from Uruguay, but the economy has tanked.
Basically, before sticking a pin in the map, you need to spend a long vacation there.
Analyze your personal situation first.
Do you need to have the support/enjoyment of family or friends, or are you fairly "stand-alone"? Most of the folks who come running back after 1-2 years do so because of being lonesome. Very few people are going to fly a couple of thousand miles for a visit
Carefully investigate the lifestyle. There are certain high crime areas everywhere to avoid; you need to understand how the local utilities work and how dependable they are. Where are the hospitals?
What is the cost of having an auto; gas, insurance, etc?
Prepare to change your diet somewhat. You will not be able to obtain or possibly afford the same foods you now consume.
Finally, unless you think you will only associate with ex-Pats, prepare to learn the local language (which only makes sense anyway). It will expand your potential social circle.
Final recommendation: pick your dream spot, get a reasonable furnished rental, and spend a full year there seeing how things work out. Then make a decision.
6 of the 7 reasons boil down to cost advantage, which is really 1 reason.
The other is adventure.
I LIVED 10 YEARS IN THAILAND,GOT MARRIED MOVED BACK TO USA IN 1986. just AS SOON AS MY RETIREMENT VISA GOES THRU, WE ARE GOING BACK TO THAILAND. I SHOULD HAVE NEVER COME BACK HERE IN THE 1 ST PLACE. I WILL MISS GOING TO NHL GAMES, TROUT FISHING.DRIVING MY AMERICAN CARS, AND THE CAESAR SALAD AT COSTCO. BUT THAT'S ABOUT IT. I LOVE AMERICA. I JUST DON'T WANT TO LIVE HERE. I WISH ALL AMERICANS A HAPPY RETIREMENT WHEREVER THEY CHOOSE.
I am 68 my wife is 61 when she reaches 62 we are going to the philipines. This country was the best in the world. Now you can't leave anything unlocked or it will walk away. The politicians are spending us into eternal debt and the lawyers are advertising on TV about your medical problems. They are the true human parasites. Make a little money off this one and that one and charge everyone else. The phillipines has problems but they are honest. The weather is nice and my retirement will cover almost anything. I have lived there befor so no cultural shock.
As a combat vet with a VA pension, I have been thinking of living somewhere warm 'year round, as I'm falling into debt here. From the messages here I could do well in a country with lower costs of living. I am single, so moving is not a problem....my biggest concern is whether or not the VA medical system will cover me in a foreign country.
hubba bubba hell no I am not latin, just was enjoying the day and it was very quiet.
There is no resentment on my part I am just stating the facts after living out of the country. I live in Panama but will always be an US American. A million dollars doesn't go as far as you think. You must go to a really third world country and realize what is there is limited. My English is great my espanol is another thing.
I brought my wife with me, I prefer an American with education and the brains to use them.
Wow you writers forget living out of the country things are not the same as in the US. Also yes you can rent places cheap but do you want to live in the neighborhood? very local Standards of what you are used to are not what you can expect in other countries.
Not a mention of language, you can get by with english but life is easier if you know the local language(idioma).
Yes there is medical insurance available but you may have to travel to get it accepted. The rest of the world is not cheap anymore unless you drop your standard of living to live there. Also selection in stores can be limited.
People in whatever country have very little in common with you and this is where language can be a barrier. So think twice and maybe try a temporary stay. See how everyday things work and realize what is normal will not be normal.
Also it is fine if you have no family but if you do the cost of them traveling to see you can be expensive. If you live out of the country it is very common to miss your family.
Koo, I was in the military as well and now I reside overseas. Living overseas as a GI and as I civilian are two very different things. I can tell you have never lived overseas on your own as a civilian. You my friend, have a lot to learn.
There are plenty of places in the States where U.S citizens reside that are not the safest places to be in. My home town and many other like it across the U.S. are just as unsavory as other locales around the globe. Plenty of thugs and the like are present U.S. as well. You have been drinking the company punch for far too long. The bile your spewing is rife with propaganda and prejudice. Dare I say Tea Party? Thought so.
And to refute your statement.." If you really think you can live cheaper anywhere outside the U.S. than you can in Florida or Texas, then go for it because you are fools". There are plenty of places outside of the U.S. where that can be done, and live quite lavishly. I am doing so as I type. I challenge you to do some actual research as I have done, but you probably will not. I'm sure it will be much easier for you to continue spewing the same nonsense. Ignorance is bliss..
Funny! I was speaking with a friend from Vermont last night. He wants to know if he should consider Panama for retirement. Well!!!! I just comeback from Panama after two months there and let me tell you I just want to kiss the US Soil when I arrived back home. (Some of you will relate to this comment). The reason, safety! We here in the US are so safe and do not appreciate it until we go abroad. Want good weather got to Florida or California your money goes farther these days in the US and you do not have to worry about getting killed by someone that is just trying to feed their family. I will not talk about hospital care if you need it. For me, the abroad is here!
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