Should You Retire In Another Country ?

As you look to the future and consider your retirement years there are plenty of decisions you may wan to make. The first one most certainly will be where do we want to spend the rest of our lives? For many the decision has already been made to remain in the house they have lived in and continue living where they have always lived.

Others may be considering getting away from the cold or the high cost of living or any number of other things you might want to get away from. In the US many people who live up north are looking to the south in places like Florida, Arizona, or maybe Texas. 4098-sailboats-anchored-in-the-ocean-by-the-beach-or

However, an increasing number of people are looking beyond the American border and investigating other countries for their retirement years. Places like Nicaragua, Ecuador, Costa Rica, and the Dominican Republic top that list.

The pros seem to point out the warm climate and low cost of living but have you considered the cons. Any good decision will look at both sides of the equation and this is something everyone considering these places should do before pulling up roots.

Consider the availability of some of the necessities at these tropical paradises. How is the health care? Is there really any available? Costa Rica is said to have some of the best health care available for expatriates but is it convenient?

What about a network of friends and companions? You certainly can make friends in these other countries with a bit of effort and knowing the language but is that something you want to do. You could join a choir and if you need to improve your voice check out the superior singing method review.

Also consider one of the reasons it is so inexpensive to live in these places is because the labor is cheap which usually means poor. Some places have some of these poorer people targeting the rich gringos making it a hazard to be alone.


The Best Places To Be In Your Retirement Years

As the world steadily progresses with an increasingly  older generation becoming retirement age the thoughts of a quality life during those years is a concern for many. A recent study revealed the best places to have lived when you get to the time in your life when you start winding it all down.

Germany was the number 5 pick from the HelpAge International’s “Global AgeWatch 2014 Index”. With a high percent1211-snow-covered-mountains-by-a-lake-orage of residents being in the over 60 age group (27.5%) Germany is a good retirement country. The high GDP per capita of $34,632 and 100% pension coverage combine for a good overall quality of life. Germany is also experiencing a decrease in overall population which will bring the percentage of retirement age people to 40% of the country by the year 2040.

Canada comes in at #4 mainly due to the overall excellent medical coverage provided to the Canadian residents. People over 50 in Canada also felt their life was still meaningful which, of course, is important to a continued quality life experience.

Switzerland holds down the #3 spot. Being one of the wealthier countries in the world and having good pensions and medical coverage it is no surprise to see this country ranked so high. It was also noted that most felt they had someone to count on during their remaining years, good public transit, and high personal freedom for those over 60. The retirees spent lots of time gardening and investigated new ways to grow more food like the information found in the  aquaponics 4 you review.

Two of the top places to be in retirement are adjacent to each other in Norway and Sweden. Last years list had the two in flip flop order from this year so it is really hard to differentiate which is really better. Both have universal pension plans and medical coverage.

It’s Not Too Late To Start Saving For Retirement

No matter what your age if you think it is too late to start saving for retirement you are wrong.  A recent report by the Employee Benefit Retirement Institute shows that many people are living comfortably in their retirement years and do not have a million dollar pension plans to fund it. 9960-illustration-of-an-older-couple-riding-a-golf-cart-pv

If you haven’t started saving for your golden years now is the time to start. Just shy of her 50th birthday, Toni Eugenia decided it was time to make a change. She enrolled in a 12 step personal finance course taught by Dave Ramsey that turned her life around.

Before this time she lived paycheck to paycheck and put whatever she wanted on a credit card. She jokes she had never heard the word budget before this time. In less than 3 years Toni went from over $200,000 in debt to being debt free.

She said she reduced all non essential spending and sold anything of value to pay off the debt. She had garage sales twice a month while increasing her work week to 7 days a week. Many people thought she was crazy and that her drastic measures were too radical.

However, Toni now is in early retirement and has some savings that she says will last 8 years. The sacrifices she made for 3 years are paying big dividends now.

Statistics show that many people wait until late in life before they begin to think about providing for their retirement years. If you find yourself in this situation it is time to start now. Toni Eugenie set a stellar example by cutting he expenses, getting out of debt, and then putting her savings to work for her. You can do the same thing. One way to cut expenses is to reduce your electricity costs and there is an earth4energy review site that can help.

How To Save A Million Bucks

It may be a dream of yours to retire young with a million dollars in the bank and if so here are some people who did just that. Obviously these guys started years ago but the same ideas and discipline can add a nice nest egg for you if you can discipline yourself to do them.

David Markoski started his plan at an early age and has continued it even after banking a million in cash. David OLYMPUS DIGITAL CAMERAtracked his income and out go and meticulously stayed under budget for many years. He doesn’t fly for vacations due to the high cost of airfare. He instead opts to load up the car and hit the road.

The car by the way, is always an older car bought with cash after the majority of the depreciation has set in. David reached his million dollar goal by his 47th birthday and has since increased that nest egg to over 3 million.

Fifty seven year old John Bourbeau waited years to save money for a modest three bedroom house and has never moved despite his his and his wife’s $250,000 a year combined income. . Following a budget and wisely putting money into his retirement account John has $1.1 million  set aside for retirement and that doesn’t include his wife’s retirement fund and their pensions.

Jon Baumunk, a 54 year old Accounting lecturer at San Diego State University, has been debt free since his early 20’s. Jon drives a 1998 Mercury Cougar that has 198,000 miles on it. Mr Baumunk bought the car new and paid cash just as he did with his home. Keeping his expense low due to no debt and investing by maxing out his retirement funds every year has Jon sitting on over one million dollars and growing for his retirement years.