What Do You Do When Your Pension Won't Pay For Your Retirement? Start Over From Nothing (And Have The Time Of Your Life)
Oct. 3, 2011, Panama City, Panama: When you realize that your pension or retirement nest egg won’t fund the retirement you’ve been dreaming about, opt out…and start over in retirement overseas.
Dear Live and Invest Overseas Reader,
Edward Coleson worked as a firefighter in Corpus Christie, Texas, for 26 years. Over the past few years, as retirement was drawing near, Edward and his wife Kerry came to a realization that was a bit of a shock:
They wouldn't be able to retire on Edward's pension. It'd barely cover their basic expenses...and the home equity and investment accounts they'd figured would supplement the pension were going to amount, it became clear, to much less than they'd been counting on.