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Does anyone plan to retire abroad? What countries are you looking at? Has it changed your retirement strategies or goals? Lots of countries offering incentives to expats that qualify. Definitely lowers the $$$ needed to make the leap.
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There are some countries that I'd consider retiring to, but most of them are basically 1st world, and would not really offer a lower cost of living... British Isles, Germany, Japan, Australia, a variety of others.... Through all of my travels, there are sparse few underdeveloped nations to which I would likely choose to retire (at least so far, with 30-40+ nations visited).
That said, I know many folks who choose to retire to Mexico, Costa Rica, Philippines, Thailand, and elsewhere. I just value reliable food, water, healthcare, transportation, and so on too much. -
I've been meaning to start a thread about this.. but I've been fixated on youtube going through videos of people doing it ... and most of these guys are focused on South East Asia
Thailand - (Chang Mai was the hot spot for a while) , bangkok of course is an option
Vietnam - This is the up and coming spot , a lot of the thailand expats seem to think that Vietnam offers many things they were missing in Thailand
A lot of these Asian countries have a major dealbreaker for me and that's Air Pollution .. especially around the expat areas.
However, Malaysia seems to offer the closest lifestyle to American life , it's more expensive than the other 2 but still much more affordable than anything else out there.
Portugal seems to be a good fit for this FIRE couple
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My post was actually inspired by coming across some info on Portugal yesterday! I'd always envisioned ending up in Mexico or Central America - that's where we always vacation because of cheap, short flights - in retirement, I don't imagine coming back all the time, but its nice to know you can be back in the states in 4 hours relatively inexpensively. Anyway, I don't think I'd ever really considered Europe because it feels cost prohibitive, but from what I'm reading the COL in Portugal is very affordable and in line with what I anticipated needing in Central America, plus it would be a good launch point for seeing more of Europe without expensive airfare. I'm not super sold on the weather (I LOVE hot and humid) but definitely want to get over and check it out when travel resumes!Originally posted by Captain Save View Post
I definitely plan to slow travel (4-6 months?) SE Asia at some point. I can't imagine settling there long term, but who knows - I'm honestly open to about anywhere right now. Been stuck in the same state my entire 34 years on this earth and once DD graduates, I may never come back lol Finally going to live out my gypsy dreams.Comment
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I want to visit everywhere, but strangely, Australia is about the only country I have no desire to visit ever. I don't know if its the giant spiders and snakes or the fact that it's soooo huge with relatively little to see/do or what but it does not appeal to me in the least. I'd definitely check out New Zealand though!Originally posted by kork13 View Post
Hard thing about wealthier countries is that they don't need your money and therefore it tends to be harder to establish residency. It can be done, but usually with a lot of hoops and a high net worth.Comment
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Originally posted by riverwed070707 View Post
When you slow travel, you will realize whether or not you can stay somewhere long term. As far as Europe goes, Eastern Europe seem to have low cost of living...
Collombia is another hot spot , Ecuador seems to be on the rise but not yet developed and not enough english speaking expats.
The Nomad Capitalist on youtube is a fan of Georgia, Montenegro, etc..
His channel focuses on tax reduction and banking strategies for high net worth folks but there is a lot of good info on his channel
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