Tag Archives: Expat

5 Considerations When Taking the Expat Plunge


Are you considering moving outside of the country and becoming an expat after you retire? You may be dreaming of new adventures, the excitement of living in and experiencing a new culture. Or maybe you are looking to find a place where you get more bang for your buck.  Whatever your reason, the world awaits. It is a big world and making the decision as to where to land is difficult at best.  You may decide to move to where every other expat is moving these days – the “latest” location touted by those expat retirement blogs – or you may do a personal search to find the location that works best for you.

In my search for the “right” location I have found a few cities that would offer me much of what I look for. I fell in love with Antigua, Guatemala years and hoped to live there someday. Then there is Cuenca, a beautiful, colonial city high in the Andes of Ecuador, that captured my heart as I wandered through el Centro on my very first visit. They are both viable options, but I am not yet convinced where I will hang my hat and I plan to continue my search… Guatemala, Chile, Spain, France, Sicily, Greece, Malaysia, Thailand…the list goes on and on.  So many locations to consider!

If you are thinking about becoming an expat here are five things to consider, besides location, before making your move:

Dig deep and ask the tough questions.

Why are you thinking about doing this? What is important to you? What do you need vs. what do you want?  Can you be happy with only the needs being fulfilled?  Are you willing to accept they way they do things in your new country or will  you expect they do it the way to which you are accustomed? Can you live without that red licorice or your favorite barbeque sauce?

Friends and family. How will you keep in touch? Will you be happy not seeing them in person on a weekly or monthly basis? Can you be such a long way from your grandkids?

Is this a forever move or will you only be going for a few years and returning or moving on?

All these questions and more need to honestly answered.  A trip to explore your potential expat city will help to answer some of these questions.  Digging deep and reflecting on your values, adaptability and flexibility will help clarify your reasons, expectations and likelihood of success.

Do your research.

Blogs abound about moving to and living other countries. The bloggers share their experiences and offer a myriad of suggestions for you to chew on.  Then there are sites like numbeo.com that provide costs and living expense comparisons, a very useful tool in seeing how far your resources will stretch.

Facebook has many groups for expats living in different locations around the world.  It’s a great place to interact with and ask questions of people who have already made their move. You will find those who have adapted well, some who are less than happy for numerous reasons, and still others who after a couple of years are heading back to their home country.  These pages generally give a pretty balanced perspective on living in that city or country and honest answers abound to any question you may ask.

Think about visas, residency requirement, and citizenship, if you are interested in going that route.

Healthcare. What are the options? Is there a government program with an option to purchase private insurance instead? What will it cost out of pocket and would that be within your budget?  Will you keep supplemental insurance for when you go back home to visit? Or will you just have travel insurance?

Then there is your best bud. Are you able to bring your beloved pet? What are the requirements to make that happen? Are there vets available and what does their practice look like? What is the culture of pets in the community?

Is the expat community active and welcoming? Starting by making some expat contacts and broadening your community to include the locals as well will only enhance your experience.

Make a plan.

A solid plan will take before, during and after the move into consideration.

Long before ever packing your bags, make a plan. How will all the “at home” requirements be handled? Will everything be handled by electronic mail?  Banking, credit cards, taxes, financial planning all need to be considered. How will those be handled? When will you move?  Do you need to sell a home before you leave? Or will you rent it…just in case?  What will your move look like? Will you only take a couple of suitcases and start fresh?  Or will you pack up your entire household and all your belongings and arrange for them to be shipped?  How will you stay in touch with family and friends?  Will emails and Facebook suffice or will you want to have more personal contact through Skype?

There is so much to consider and a written, detailed plan will only make things go so much smoother. The logistics related to the move need to be considered and fully understood. Stress mixed with excitement and anticipation will be high, so having all your ducks in a row before you hop on the plane will be critical to a smooth transition.

Set a few routines.

Set a few routines when you arrive to get you out into the community so you can begin to make connections with expats and locals alike.  Each morning after breakfast while living in Peru I would enjoy a leisurely cup off coffee in the house courtyard, and mid-morning I would stroll across town to the open air market to get exercise, enjoy the sights and sounds of the city and inevitably I would run into someone I was acquainted with.

While living in Guatemala City I had a routine on the weekends. Having taught school all week, I liked to take the bus to a nearby town, Antiqua, for the day and occasionally overnight on the weekends.  It became a favorite place to go to unwind, and I became familiar with the town and it with me.

If a weekend getaway isn’t an option, consider a Saturday morning walk along the river, ending with coffee and pastry at that quiet little bakery on the other side of town. Or maybe you will join a group with like interests, volunteer to read to children at the local school or help out at an animal shelter.

Setting a few routines at first to get out and about in a normal ‘I live in this town’ kind of way, not ‘I am here as a tourist’ kind of way can normalize your new life. It will provide you opportunity to meet people in those shops, restaurants, schools, clubs and overtime relationships will evolve and friendships will grow.

Create community.

For some this will be easy.  For others who may be a little more introverted or reserved this may feel like a daunting task.

Most cities where expats reside have welcome lunches or gatherings that are held weekly or monthly. Go to the expat hangouts to start the interaction.

Get to know the locals in your neighborhood. Understand that some cultures, though very friendly, may not invite you to their home for a long time. I lived in Peru for two years and I never made it past the parlor in friends homes where guests were welcomed to visit.

Walk softly, observe and learn. Local friendships will evolve naturally over time and more often than not, expats will welcome you with open arms.

Moving to another country can be a real adventure.  Having a well thought out plan and having fully considered your reasons for moving and expectations of the experience can make this new adventure fun and exciting.

What have you done or what are you doing to make your expat move smooth and successful?

 

 

 

 

 

 

 

 

Blame it on the Tiramisu


It has been a while since I have written anything in this blog.  I think writing is mostly inspired by our unresolved emotions, fears that haunt us in the quiet hours of the night, the stories of our past that create our now and future realities undefined. When I first started writing this blog, I started in a flurry. I was in a constant state of internal turmoil, circling my future life, the life that would be my retirement and, as a result, the words fell on the page in rapid fire. It was a time of questioning whether I would be able to live a good life when I retired. What would it look like and where would it be? I have to credit this blog and what could be called a public journaling experience to calm my soul and take me to a place of now. It’s good to be home again, in my mind, in my heart and in my soul.

A number of readers of this blog have asked me over the past few months why I had stopped blogging. The truth is that I never really stopped. I simply paused. I paused because of one cappuccino in a small café.

SAMSUNG CAMERA PICTURESIt was a few months ago that my blog postings paused.  And, coincidentally, it was also a few months ago that I traveled to Cuenca, Ecuador, a city high in the Andes that has been touted as the number one place in the world for US retirees to relocate. I had been planning to travel there 6 months later with a friend, but those travel plans were moved up so that I could get a taste of my possibilities, sooner rather than later.  I needed to know.  I needed to quell my uncertainties, satiate my curiosity and affirm that one of the many options racing through my mind was viable. Waiting 6 months to find out if it was an option was not reasonable for me, unless I wanted to waste 6 months racked with unknowns.

So, I hopped on a plane to find out if one of my potential retirement options was something that I could hold onto as an option or something that I needed to walk away from forever.

It was during my eight days exploring Cuenca, Ecuador that a shift in consciousness took place and for the first time since the market crashed and the shell of my nest egg cracked, that I felt at peace.

SAMSUNG CAMERA PICTURESAfter wandering the city for several days, meeting welcoming expats and locals alike, I found a little dessert café off Parque Calderon, at the other end of the block from where the cathedral stands. I settled in by the window to enjoy a tall Italian cappuccino and tiramisu. I sat with my thoughts and gazed out the window, watching life in Cuenca pass by. The cappuccino was tall, rich and beautifully layered. The tiramisu the best I had had. For the first time in a long time I felt at peace. I was present. I was in the moment. I was not searching for a solution to my future. I was living it. The cost of the cappuccino and tiramisu barely touched my wallet. I knew that I could afford to live here. I could be happy here. I liked the city. I liked the expats. I liked the culture and the locals. And, well, truth be told, I loved the tiramisu. Retirement would be just fine.

It was in that moment, sipping on that cappuccino, that I realized that not only did I have one good retirement option, but I had a world of options. I recognized that retirement can be anything I want it to be. It can be nomadic, moving from country to country experiencing this wonderful, culturally diverse world. It can be on a beach or in the mountains in a far away land. It can be in a small RV traveling around the US or in a park model nuzzled in with a community of other retirees. My options are unlimited.

I will be returning to Ecuador in the near future. There is so much more of that beautiful country that I would like to see, the smaller cities and villages, the hot springs, live volcanoes and waterfalls.

Truth be told, my reasons for returning are mixed. I guess on some level I want more of that delicious cappuccino and tiramisu in that little café just across from the park…or maybe, just maybe, what I really want is another dose of the peace that came with it.

Expat Retirement: Torn Between 2 Loves


Are you considering expat life as your retirement nears?  Maybe you already are an expat who has moved to the country of your dreams?  As I circle around all my options for retirement, I think about the allure of living the life of an expat.  I have lived outside the country before, so I have realistic expectations of what expat life in my retirement years will look like and get very excited about that option.  But then I think about my friends and family who would remain here, while I ventured on.  Conflict.  Torn between two loves.

I suspect if I were one half of a couple that this decision would create less conflict, but I am not sure.  Maybe it is even more difficult for a couple, because of the ties that each have.  There is a pull between affordable adventure that will allow me to save money, travel home for visits while putting money away for long term security, or living downsized on a tight budget, with little to no disposable income, but the closeness of friends and family.

When I lived in the Peruvian Amazon in my late 40’s, after an adjustment period of 6 months, I bought a very simple house outside of the city of Iquitos, in a joven community, a newly established community, near the little airport.  Most of the houses in that community were made of slatted boards with dirt floors, but mine was created of cement blocks, a little more upscale than the majority of the others in that area. It had belonged to a local judge who was moving to Lima. There was no window glass or screens and it was protected above by a corrugated tin roof that sang loudly when it rained.  I only paid a few thousand dollars for it, which I thought was reasonable, although local friends, on the other hand, repeatedly told me  “You paid too much. You paid too much.” I was a “gringa” after all, so I expected that I would pay more than a local.  I was fine with that.  I liked having my own home and that’s what mattered.  It was quite simple and required a dropdown ceiling be installed, only because rats racing across the cross beams while I slept was way outside my comfort zone.

I did enjoy living there, even though the community was located 15 minutes outside of town and I would need to hop the chicken bus, take a mototaxi, or drive my 20 year old beater of a Volkswagen Bug that I called “Broken Down” to get into town. Broken Down was guaranteed to die daily, at least once, as I went to and from the city center. I found myself running back and forth to town throughout the day, and most evenings, and often Broken Down and I would end up waiting for my dear friend Waldermar to come and fix my car that seemed to prefer sitting on the side of the road rather than moving down it.

In Guatemala, I lived in the city, in a hotel, not far from the center, that had been converted into small, but efficient apartments. Things were closer and buses were frequent, so reliable transportation was never an issue and I didn’t have a temperamental VW Bug to deal with.  The hustle and bustle and energy of the city was palpable. I loved urban living.

Eights years from now is my target retirement date, so I spend a lot of time considering what lifestyle would be best for me when retirement comes, as a single woman in my seventh decade of life and beyond.  I am healthy and get around easily and anticipate that will continue, so neither health nor mobility impacts my decision.

In this moment, I am leaning toward a secure apartment in a bohemian or artsy type neighborhood in a city, so that I can walk, have ease of access to transportation, easily visit the market, restaurants and entertainment. The idea of walking to the market, to my favorite coffee shop, arts and entertainment events, and an evening strolling along the river or malecon as the day comes to an end means a full life, daily exercise and continued health.  Those are important considerations.

I think I have decided that I will live in the city if I, ultimately, decide to live abroad.  But the song “Torn Between Two Lovers” keeps coming to mind.  Well, maybe not “lovers,” but loves.  My love for adventure and foreign cultures tugs at me.  It calls to me during my sleep and my waking hours. It never leaves me. It calls for me to come.  Those calls and tugs trigger my senses to recall international living, the smells of traditional foods being cooked in open air storefronts, the scurry of activity in the market as vendors set up for their day’s work. I hear the chatter of a language that becomes more familiar everyday and cherish the experience of being in a different culture, in a foreign land.  I love.

On one side of the coin the love of a new life adventure calls, while on the other side of that same coin there is a whisper in my ear asking about the love of my family and friends, tugging at me to stay.  I feel torn.

When I was in my late 40’s and early 50’s, I would just make up my mind to move, sell off all my belongings, hop on a plane, and be in another culturing living the life I dreamed of.  It was a blink of an eye decision.  It seems funny to me now, that in just a decade’s time, the same decision that was made 10 years earlier isn’t as simple and clear cut as it was back then.

If I stay in this country, then the question to be answered is equally complicated.  Sell the house and then what?  Will I still be around friends and family or will I move to a different state to live in a 55+ community or travel the country in an RV?

I know these questions will be answered over time, but for now…my head spins around my two loves…life as an expat in a foreign land or life here with family and friends.

Are you experiencing any of these same questions that tug and pull as you think about becoming an expat?  How are you reconciling the question of “two loves?”

 

 

 

Expats – 5 Questions Before You Pack Your Bags


Are you considering moving overseas when you retire?  Have you asked yourself some of the key questions that can make or break your expat experience?   Moving to another culture, far away from family and friends, can pose some interesting challenges that many people never consider before making the decision to move.

When I moved to Peru, back in 2000, I had done some international travel.  I wasn’t a world wanderer by any means, but I did have a few developing countries under my belt.  Did I ask myself all the right questions before I left?  No. Did I make mistakes.  Yes. Did I wish that I spoke the language better?  You bet.  Was the experience something I regret?  Absolutely not.  Even with those questions and answers, I still wish I had asked myself these key questions.

Adapting and enjoying the expat life really is dependent on your personality, whether you are flexible, adaptable and can laugh at yourself.  These are key characteristics that will help you more easily adjust to and enjoy this great, new adventure that you have embarked upon.  Looking back on some of my experiences, living in both Peru and Guatemala, I identified 5 questions that would be useful for anyone considering the expat life.

Have you traveled outside of the United States – to a developing country?

SAMSUNG CAMERA PICTURESMost expats move to developing countries where they will get more bang for their buck, allowing them to live a good life on less money. If you haven’t traveled to a developing country, you may find that living in one is a very different life. Values are different. The clock runs at a different speed. Food will be different. Guinea pig, anyone? English will not be the language of the land. You won’t find your favorite brands of clothing, foods and electronics and, if you do, they will most likely be quite pricey. On the other side of things, you will find beautiful people, a culture calling to you to be experienced, wonderful new friends and endless surprises.  You will be the one adapting to a country and culture, not the culture and country adapting to you.   If you haven’t traveled to the country you are thinking of retiring to, do so a few times before you make the big move.  Spend enough time to get a taste of daily life.  Rather than being a tourist and staying in a fancy hotel and eating at the best restaurants, instead stay in a typical hotel and eat the local menu in someone’s home.  Get to know the country and the people and think to yourself the whole time, “Can I live here?”

Are you patient?   Or at the very least, can you learn patience?

SAMSUNG CAMERA PICTURESPart of life in another country, especially a developing country, is that life is lived at a different pace. What might take an hour in the United States may take a few hours or all day in another country.  If you live in a larger, more cosmopolitan city within a developing country, you may find the pace faster somewhat faster, but live outside the city, life moves much slower.  One challenge I had that I never quite became accustomed to was time.  “I am on my way over” could mean I am on my way over, but if something comes up or I run across someone on the way, then I am still on my way over.  I remember I made plans for New Year’s Eve with friends when I lived in Iquitos, Peru.  They said they would come by at midnight to head to the street party.  At 2 a.m. they arrived with big smiles, ready to head out to the celebration.  I said, “I thought you were going to be here at midnight.”  They looked confused that I had expected they actually be there at that time.  They said, “We stopped on the way,” as if this was the norm, and, of course, it was the norm.  I smiled and said, “Well, I’m ready.”  Off we went to enjoy the most amazing New Year’s Eve celebration I have ever experienced.  I could have been upset.  I could have caused a fuss.  Or I could have said to myself, “This is part of the culture, let it go.”  Patience.  Understanding that what you expect may not be what the culture will offer you.  Take a deep breathe and go with the flow.  If you can’t let go of your expectations of life, then you may have challenges living in another country, let alone a developing country.

Are you interested in meeting locals or are you just going to insulate yourself by spending all your time with other expats?

There is nothing at all wrong with finding other expats to connect with when you move to another country.  They can add a bit of normalcy to your life and keep you connected to home.  That being said, my best experiences living outside of the country were with local families and friends. Through my relationships with them, I learned about the culture, family, traditional holidays, funerals, protests and celebrations. If you plan on searching out only other expats to the exclusion of locals, then you may be find disappointment in your expat experience and you certainly will be limiting the full experience of being in another country and another culture.

Can you be respectful of this new culture you have chosen?

SAMSUNG CAMERA PICTURESWhen you arrive in a country that you have to chosen to move to, you have arrived in someone else’s home.  You are living in their culture, in their land, in their community.  I remember there were a number of expats in Iquitos who had lived in the jungle for a number of years. Sitting amongst them one evening, enjoying a cold beer, I remember the conversation turned to everything that was wrong with the life and people in the city.  It was harsh.  It was unkind.  And I was embarrassed for the waiter who had to serve these people who were bashing his city, his home, the city they had chosen to live. This was an “Ugly American” moment.  It was a sad example of expats who expected the culture to adapt and cater to them.

Are you ready for an adventure?

Everyday will be an adventure. This is a guarantee. You will learn something new about yourself, about the people of the land, and about this new wonderful culture.  Are you ready for it?

My life in Peru was one big adventure.  Day after day, I was always amazed at what I learned or the surprises that availed themselves that day. One late afternoon, I got lost in the jungle as it was growing dark, in a downpour, wondering where exactly that big cat was that just let out a growl.  I got stuck in the mud on the shore of the Amazon, knee deep in the mid-day sun, as 3 young Amazon guides did their best to pull me out. Sitting on a crooked and rusty metal chair into the wee morning hours, I shared a beer with locals bypassing a community glass, as we talked about life in a language that I was still learning.  I danced in the rain on New Year’s Eve, until the sun came up the next morning, surrounded by thousands of locals.  The most beautiful Christmas I have ever had was in the home of a local family that I had become close with, sharing their holiday meal, just a simple meal. There were no wrapped gifts to exchange, only the gift of friendship and love.

Adventure. Adventure means different things to different people. The new, the different, the challenging and the unknown are all waiting for you if you become an expat, but most of all guaranteed adventure.

Are you ready for an adventure?  Post your thoughts below in comments.

 

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8 Ideas to Help Reduce the Worry Around Retiring


Feeling a little insecure about being ready for retirement?  You are not alone. Insecurity about having enough money to retire is high and most people are retiring later because of it.

A recent Gallup poll found that 59% of Americans are worried that they won’t have enough money to retire.  Worries of having adequate savings to retire isn’t just for those in their 50s and 60s, it also includes those in their 3’s and up.  The older, pre-retirement population has more immediate concerns regarding the ability to fund their retirement years, including having sufficient savings to cover basic living and medical expenses, and long term, wondering if they will be able to make the money last.  On the other hand, those in their 30’s worry about Social Security being around when they reach retirement age.

Due to these concerns and insufficient funds in their retirement accounts, the average non-retired person expects to retire at age 67, whereas in 2004 people were retiring at age 60.  Times have certainly changed.

I started this blog because I am one of those people who expected to retire at age 62, then it moved to  65; a more recent consideration was 67, but ultimately I landed on 70 as my age of retirement, in order to get the maximum from my Social Security benefits.  I circle around my options and what I can do to increase my retirement savings before retirement and consider a wide range of options for affordable living and making my funds last.

Here are 8 things to consider that can help reduce that worry:

Work a little longer and retire a little later

Of course, I don’t think this is the preferred solution for any soon-to-be retiree, but holding out longer to retire is one way to maximum your social security benefit, while increasing the size of your nest egg.  The extra few years can make a considerable difference.

Maximize your funds

Those readying to retire or those who already have need to look at all their potential options for maximizing their funds. Talk with a financial planner to ensure that your funds are reaching their growth potential.

Consider living where your money goes further

Move to an area of the country where the cost of living is less, in retirement communities where housing is more affordable, or stretch your income and savings by living outside of the country. There are a number of very popular international retirement destinations for expats where a couple can live very well on $1500 a month.

Downsize

You may want to consider cutting costs by moving from your present location to something smaller and less expensive before you retire, so you can put the savings from decreased mortage or rent payment into your retirement account. When you are ready to retire downsizing may mean a smaller home or apartment, a park model in a 55+ retirement community, a “tiny house,” or a house on wheels.

Refinance your home

Interest rates are still low, so if you haven’t refinanced, now might be the time to consider finding a lower interest rate.

Supplement your income

Find a means of making money to supplement your monthly fixed income.  Think about what you enjoy and find a means of increasing your income by doing what you love.  Do you have a hobby that could be turned into a business part-time?  Maybe you have a skill or expertise that is marketable.  Even a few hours a week working in a business that interests you, or is enjoyable, is something to consider. Identify what you love, your skills and interests and then create an income-generating activity that provides you social engagement, while paying you a wage.

Reduce your monthly living expense

If you are pre-retirement, you can increase your nest egg, which will open up your options down the road.  For those who have already retired it will increase the ability to travel, enjoy activities you love, or put money away for future emergent needs.

Share living space

Some retirees are turning to living with others in intentional communities, retirement communities, or living with family or friends.  Many retired people are living with their children and watching the grandkids while the parents work. People are turning to each other. Through rough times comes increased community.  The light in all of this is that people are returning to family and joining together with friends.

Worry is born out of fear and fear is the result of the unknown.  Researching the different options and sharing those ideas with friends and family can release some of the worry that builds up and can generate new ideas and options.  I have found this blog to be helpful for me in thinking “out loud” about what my options are, how I can cut costs, and how I can create a retirement of my dreams, while living on a limited budget.

What are your dreams for retirement?  What ideas have found to help you reach that dream?  Please leave your comments and thoughts below.

 

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Expat: To Be Or Not To Be…


That is the question.

Does the idea of becoming an expat call to you?  Do you enjoy new experiences, different cultures and want a retirement adventure?  Then moving to another country may be the perfect option for you.

There are many countries that offer a better lifestyle on less resources.  Deciding which one to move to can be overwhelming without a plan, and moving to a new country without completely researching it is a recipe for potential regrets.

For me, moving to another country that is within my budget is certainly an option worth considering.  Having lived outside of the U.S., in both Peru and Guatemala, I know that I enjoy other cultures and adapt well to countries that could be called “retirement affordable,” but I also recognize the need for planning.

“Life might be difficult for a while, but I would tough it out because living in a foreign country is one of those things that everyone should try at least once. My understanding was that it completes a person, sanding down the rough provincial edges and transforming you into a citizen of the world.”

 

– David Sedaris

Once you decide that becoming an expat is an appealing retirement option, then it’s important to take time to make the best decision for you.

Read, Research and Ruminate

Do some reading.  There are lots of resources on web, books in the library and videos on YouTube that will help inform you. There is a lot to learn so start dreaming, but back up those dreams with data.  Travel guides can provide you solid information about a country you are considering, the cities, culture, weather, getting around etc.  You will want to have a travel guides on hand when you actually visit that country for the first time.

Vacation

Once you determine that the expat life may be an option for you, then the time would be sooner, rather than later, to begin determining where you will move to when you retire. Vacationing is a perfect way to start.  In the week or two you are vacation in a location you can get a feel for the city and culture your are considering.  If you are not an experienced adventure traveler, then you may want to visit the country of your choice with a tour group first.  You will get an idea of the culture, food and climate from a tourist’s perspective.  You will see the major sites and you may even get some free time to wander around the city.  It’s a great way to get a mini and usually rapid paced look at part of a country.  If it feels right and you think you might be happy there, try to get back a couple more times to explore further, branching outside the city into the small villages, hamlets or pueblos.  It may be that you decide after further exploration, to your surprise, that you prefer small village life over the hustle and bustle of the city,

Extended Stay

As time get closer to making the move, you may want to consider an extended stay in the country of your choice.  Vacations can provide some information about a country and the culture. An extended stay will provide you with a more day-today experience, a closer taste of what life might really be like.

In many countries you can stay in a room in someone’s house. I lived my first 6 months in Peru in a “hospetaje,” somewhat similar to a B&B in the United States, in concept, but with a different cultural twist.  You can stay for a short time or for an extended stay at most of them.  Choosing to stay in this type of accommodation offers an opportunity to meet locals and get to know the owners, maybe even become friends.  It’s a nice way to start your time in new city and is easier on the wallet, and more culturally real, than staying in a hotel.

Another excellent option is to rent an apartment.  In many locales you can rent an apartment for short term leases, month-to-month or a few months at a time.  Living in an apartment will give you a more realistic perspective of what daily life would look like if you were to move there full-time.  Daily life would afford you the opportunity to shop in the market, cook your own meals and occasionally venture out to a local restaurant for a meal or to a pub to listen to some local talent.  It will give you the chance to search out and connect with expats who live in the area, ask a few questions and listen to stories of their adventures.  Most expats are happy to connect with someone from back home who are considering relocation and share their experiences.

Once you have considered the various countries that you might like to live in and decide where you are headed, it’s time to learn the language.

Are you considering retiring to another country?  What research have you done to ensure you are making the right choice for you? Share your thoughts below.

Visions of Retirement


One of the hardest things I have tried to do is define my retirement.  What am I going to do?  What will my life look like?  If you are like me, and you are nearing retirement age, the unknown of what is to come can send your head a spinning.

Will you live as you always have, just not heading to your job everyday?  Or maybe you will work part-time doing something you love. Is downsizing in the future?  Will you be moving to a smaller place to live? Maybe you plan to travel around the country or see world.  Are you thinking about volunteering at your church, the local food bank or for an international non-profit? Maybe personal growth is a desire, taking a course or two online or at the local college or your preference is taking care of your wonderful grandchildren a few days a week.  There are so many options. When it comes to defining retirement it will look different for everyone.

The one thing I am allowing myself to do is change my mind daily.  One day I am trying to figure out a way to stay in my house and continue living life as I have, without working, of course!.  The next minute I visualize myself heading off to the Peace Corp or becoming an expat in a culture that calls out to me.  Everyday day is an adventure in defining my retirement and I am finding joy in the exploration and creation.

Things to remember when defining your retirement:

  • Visions of your retirement will change and evolve over time, until you find the one that will work for you, and then, who knows, maybe it will change again.
  • This is your life and your time.  Create a life that will make you happy.  There is no right and no wrong.
  • Consider your budget. (We’ll talk more about that in another post.)
  • Look at all your options. Think outside of the box.  Don’t be afraid to try something different.
  • What is on your bucket list?
  • Remember that any decision that you make can be reversed.  Nothing is set in stone.
  • Retirement is your oyster.  Open the shell and find your pearl.

Comment below on how your define your upcoming retirement.  But before you do, check out how the kids describe what retirement is, how much money you need, and how long it lasts.

 

Countdown to Retirement


How Much Longer?

A few years back, I lost my retirement nest egg, not unlike many others, due to the stock market crash, banking debacle and housing market bust. Closing in on retirement age, I started to wonder what retirement would look like for me. Most everything that I had saved was severely diminished by those events – Poof! Nada! Gone! Well, not completely gone, just reduced to a laughable amount. And now, at the age of … well, closing in on 62, rebuilding that nest egg seems like a daunting task. How in the world am I going to make this work? Will I ever really be able to retire? Will I have to work the rest of my days?

One day I realized just how many of my friends were retired. Lots! I would hear of their plans and how they spend their days. They are having a ton of fun! Living the life! Having worked from the age of 13, I am more than ready to move into a life of NOT getting up before the crack of dawn to ready myself for a long commute in the dark, a high paced day of work, and a long exhausted commute home. How long until I can retire, I would think to myself, how much longer? I started obsessively thinking about how to rebuild my nest egg in time for retirement and how long until I can make that shift. Age 65 was no longer an option. Neither was 67. So, 70 it is, I decided! I can do this! I can!

The Countdown

About 30 years ago I remember a high level manager who worked for a large corporation who was getting ready to retire. He would walk through the factory every day of that last year prior to his retirement and yell out to the workers…365! 364! 363! Each day the number would decrease, until it was 9-8-7-6-5-4-3-2-1! And retirement began! What a brilliant idea!

It was a few years ago when my retirement fretting began. Looking back, it started just a year or two before my 60th birthday. I wonder if that is the time when retirement creeps into the thoughts of most people. Anyway, I decided that having a countdown would help. How could I start my count down, I wondered? A little over 11 years seemed like forever! I thought of counting down in hours, but that seemed a little excessive. Days? Way too many! I tried working the numbers in a variety of ways, until I finally arrived at months! I decided that counting months seemed to allow for a more rapid countdown, and once I broke the great 100 mark, it would be smooth sailing from there. I first started my countdown at 136 months. As of this post, I am at 100 months and counting. I see the future ahead. I have my destination date. Now, I just need a plan.

Birth of a Blog

And so, this blog was born…out of fear, anxiety, trepidation of the future unknown, as well as a lot of excitement, anticipation and dreams for the years to come. I focus on the anticipation and excitement, in order to overcome the less than productive emotions of fear and anxiety. Positivity and problem solving are my friends!

On this page, I will take you on my journey to and into retirement on a budget. I will share ideas – the pros and cons – the traditional, as well as the out of the box ideas that arrive without thought, in both my night time dreams and my waking hours. Join me on this journey and please feel free to share your ideas in the comment section below!

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Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the harbor.
Catch the trade winds in your sails. Explore. Dream. Discover.
~ Mark Twain