No. of Recommendations: 2
"I guess it can be done if you don't mind a steadily declining standard of living, but it doesn't look appealing." - intercst

"Actually, I think a case CAN be made for a slowly declining standard of living for people retiring "NORMALLY" around age 65. Certainly it is BETTER to do it the FIRE way, but for those who cannot, the truth is that somewhere between age 70 and 80 most people won't be jet setting every month and having wild sex on exotic beaches."
- Daryll40


In actuality I think you can have it both ways if you aren't completely attached to living within the U.S. borders. I have a friend from the Vet School, an M.D. from China, that was working at the Vet School as a research technician. He told me that a person could very easily retire in China on $100,000 and live very comfortably the rest of their lives. I don't agree with everything that Galeno says, but one thing that I do agree with is that retiring to Costa Rica may be a good idea for a lot of Americans, especially those who think they are going to get by on Social Security alone. My brother recently married a Phillipino woman and he is seriously thinking about moving to the Phillipines after he retires. There are other alternatives to the places I've mentioned. I keep hoping that the United States normalizes relations with Cuba and that Cuba becomes a haven for retirees. It's close to Key West and the mainland, has excellent health care (if not the most high tech, it's at least adequate and that's about all I'll be able to afford anyway) and I love black beans, yellow rice, and Mambo!!! - Art

Phillipine Retirement:
http://www.livinginthephilippines.com/
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.