Category: Retirement

In which country / city would you like to retire?

I found this story a couple of weeks ago. They recommend retiring in one of the following:

1. Medellin, Colombia – $1,500 a month
2. Dubrovnik, Croatia – $2,700 a month
3. Salinas, Ecuador – $1,500 a month
4. George Town, Malaysia – $1,500 a month
5. Bilbao, Spain – $3,500 a month
6. Coronado, Panama – $1,300 a month
7. Galway, Ireland – $2,500 a month
8. Tlaxcala, Mexico – live modestly on $1,500 a month and very comfortably on $2,500

My first wish, would be one of the European cities. Galway would be great for the English speakers and so I could learn something of my Irish heritage. And while it’s not too far from Dublin, Galway would have to be less convenient that Croatia or Spain for visiting other European cities. Croatia, being more affordable than Spain might be my first choice amongst the European recommendations.

I know so little about Colombia and Panama that I’d want to do some traveling around there before even thinking about retiring there. But moving there for a year to check things out? That I could do. All I know about Ecuador is that I’m very jealous of a friend who works on the Gal├ípagos Islands. Another place I’d have to visit before I could consider living there. Mexico, we’ve talked about on this blog, just not the particular city Tlaxcala. And while I remember a few details of the various places featured here, I don’t feel I have an overview of the country and I wonder how easy it would be to access other cool places. In Europe, I know I can just take the train to lots of cool places. In Mexico, I’m not so sure.

Malaysia, I know I like. Finding English speakers was easy enough. It’s cheap. But it wasn’t stress-free, particularly the taxis. And visiting another country is not going to be as simple as it would be in Europe.

Where do you consider retiring?

This Yahoo article on retirement shares how one guy retired comfortably. Him and his wife seem to make good money, but they also retired in Panama instead of in America, where, according to the article, they live on $34,000 / year.

I got to thinking – I’ve never been to Panama, but I would consider retiring in a foreign country if it meant retiring 10 years sooner or something. At least I’d consider it, although I’m lucky in that most of the time I like my work. So where would I consider retiring? Malaysia comes to mind – People speak English, Cheap Indian food all over, warm, exotic, affordable.

I’ve talked to people who retired in Mexico. They live in a gated community and are surrounded by non-Mexican neighbors. They were happy but I’m not sure that’s my kind of thing.

And naturally there are places I’d like to retire that might not save me any money – Italy for one.

And then there’s the 55+ active adult community where I live now. Being 35, I don’t have many friends my own age in the neighborhood. But I am thrilled that there are few kids running around. Half the time I have the pool all to myself. Central Florida’s weather is pretty nice – a bit hot in the summer but that doesn’t bother me much (as you may have guessed from my mentioning Malaysia above). But you pay – 300 a month in homeowner’s fees for the landscaping and the pools, and the security. Still, people who live here call it a permanent vacation – that’s got to be worth something. My wife and I are ready to leave though.

So where do you consider retiring? In only your home country or in some other places as well?

An article about retirement in Bali

Here’s an interesting article about retiring in Bali, Indonesia. Apparently it’s cheap and happy. See also movie tourism in Bali.