• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home How to

3 Things You’ll Need If You’re Deciding To Retire Overseas

Yes, It's Possible To Live Better Overseas...

Kathleen Peddicord by Kathleen Peddicord
Sep 10, 2018
in How to, Retirement/Living
0
man in bathing suit jumping high in the air
239
SHARES
3.4k
VIEWS
Share on FacebookShare on Twitter

“The world is alive with opportunity.

“Specifically, in the context of this Retire Overseas Conference, the world is alive with opportunity for an interesting, rich, full, adventure-filled, and, sometimes, very affordable retirement in a place that is welcoming, beautiful, friendly, and engaging.”

“That’s our starting point…”

So I’ve explained to all those assembled with us here in Las Vegas this week… and so I’ve tried to show, over these four days, with the help of many dozens of normally far-flung correspondents, colleagues, expats, and experts. The bunch of us have been doing our best to present the best current options worldwide for where to reinvent your life, in retirement or otherwise, depending on your personal circumstances, priorities, and agendas.

We’ve walked attendees, in detail, through the eight issues anyone making a move like this faces, no matter where in the world you decide to relocate, from health insurance and medical care to residency visas and figuring your retirement budget.

We’ve also tried to remember the big picture, because, in truth, retiring overseas isn’t for everyone.

Who should live overseas? To make a success of this, you need:

  • An open mind…
  • A spirit of adventure…
  • A good sense of humor…

I’d say that everyone in the room with us in Las Vegas this week has an open mind and a spirit of adventure. They’re all here because they’re looking for something new, something better, something bigger, something different, something other. I’d say that those who’ve made the trip to Las Vegas this week are ideally suited to make a great success of this adventure precisely because they’re considering it.

Our program this week has been conceived around a series of eight panel discussions intended to provide full-spectrum information and insights—pluses and minuses, good and bad—and to showcase as many different points of view as possible.

First up on stage were Lief Simon and Lee Harrison, our resident bean counters, the two guys I know who are most experienced and most expert at tallying costs and calculating budgets. Lief and Lee walked the group through the thinking that goes into figuring out where you can afford to retire.

“The question,” Lief explained, “is not how much does it cost to retire overseas?

“The question,” he continued, “is how much money do you have to retire?”

Lief and Lee then proceeded to show attendees how to determine the answer to that question.

“Once you know the size of your retirement nest egg,” Lee explained, “then you can figure out where that nest egg will buy you the retirement you want.

“In fact, though,” Lee continued, “I’d say that’s not the way to approach this. That’s backwards. Start by thinking through the life you want. Imagine your ideal lifestyle. Then look at the numbers in that context. Where will the budget you’ve got buy you the lifestyle you’re looking for?”

Lief and Lee remained on stage… and were joined by Kat Kalashian, Rachel Jensen, and Wendy Howarter, for the next panel discussion, on Latin America. Lee, Kat, Rachel, Wendy, and Lief then introduced attendees to the pluses (accessibility, affordability, great weather, and lack of regulation) and the minuses (unreliable or nonexistent infrastructure, the mañana mentality, and lack of regulation) of the region where they each, for different reasons, have, for decades, been focusing their time and attention.

Next up, our Europe-experts: Kat Kalashian, Joel Nagel, Mike Herndon, João Gil Figueira, and Lief Simon. Advantages of Europe, according to this group? Developed infrastructure, culture, overall quality of life, and health care.

Disadvantages of Europe? The flights from North America are long. Language could also be a challenge, as, living almost anywhere in Europe, you’d have to learn another one. Exceptions include Algarve, Portugal, where the large and established British population means English is common, and Paris, for example, where it’s possible to get by with English alone (though we don’t recommend it).

In the past, we’ve highlighted the cost of living as a downside to Europe. Today, though, a strong Greenback and depressed local markets mean that some of the most appealing corners of the Old World are more affordable than they’ve been in a long time. It’s possible right now to embrace retirement in France, Italy, Spain, Portugal, Malta, and beyond, even if your retirement budget is modest. Our Europe experts are walking through the details and running the numbers for all in the room.

Finally, our Asia pros: Charles Conn and Lief Simon, fresh off an extended stay in this part of the world.

Pluses of Asia, according to our Asia experts? In this case, there’s one great big serious plus: the cost of living. As they put it, “Everywhere in Asia where you’d want to retire is cheaper than the cheapest options anywhere else in the world.”

That puts things into perspective.

Downsides to Asia? It’s exotic, it’s far away, and you’ll struggle to be understood, sometimes even to read a restaurant menu. For the right person, though, the unbelievably low cost of enjoying the exotic delights of this part of the world can more than offset the associated challenges.

As I write, we’re going over banking issues for the retiree overseas, including the particulars of how to open a bank account in another country and how to identify your best banking options in this post-FATCA, anti-money-laundering age.

More tomorrow…

Kathleen Peddicord

Tags: 'retirement'
Share96Tweet60
Previous Post

Here’s To 500! Panama Nears Historic Half Millennium

Next Post

Why Belize Is A Great Fit For Canadian Snowbirds

Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

Related Posts

Thai style garden located in Royal Park Rajapruek, Chiang Mai, Thailand.
Investing

The Best Way To Beat Inflation For Retirees

by Kathleen Peddicord
June 26, 2022
0

Inflation is running at better than 8%... the greatest rate in more than 40 years. Your weekly grocery shop is...

Read more
Guanajuato, scenic city lookout near Pipila

How To Love Your Life Abroad After The Honeymoon Period Is Over

June 24, 2022
Taipei's City Skyline at sunset with the famous Taipei 101

The Top Affordable Places To Retire In Asia And Live Well

June 19, 2022
Quaint colorful houses of the Alsatian city of Colmar, France

How To Tell If You’ve Found Your Ideal Home Overseas

June 14, 2022
Serene street in Colonial Zone of Santo Domingo, Dominican Republic

8 Things You Need To Know About Bank Financing Overseas

June 13, 2022
A grid with several Latin American countries

Finding The Best Places To Live In Latin America

June 9, 2022
Palms and beach at Caye Caulker island, Belize

Choose The Lifestyle You Want In Belize

June 6, 2022
Next Post
Laughing Bird Caye, bay in Belize

Why Belize Is A Great Fit For Canadian Snowbirds

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.







LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2022

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

The World’s Best Places To Be In 2022?

Discover Them Here…