How To Plan Your Retirement Overseas

Start A New Life Overseas? Piece Of Cake

“I’m ready to make my move, Kathleen,” explained an attendee at our recent conference in Medellin, Colombia. “I’m ready to go for it.

“But I’m so confused. I mean, what do I do first? And then what do I do second?

“Could you break it down for me, as though I were a child? Seriously, speak to me like one of your children. I need a step-by-step plan…”

Here you go:

Step 1: Identify a destination. Where depends on what’s important to you, what kind of lifestyle you want to lead, and how much money you have to fund your retirement…

Step 2: If you intend to relocate full-time, arrange to meet with an attorney in your chosen destination, one experienced helping foreigners established residency, to determine the best residency visa option given your circumstances. If you don’t intend to relocate full-time, skip to Step 3…

Step 3: Speak with a tax advisor (an attorney who specializes in taxation is best) in your chosen destination…and, as well, with a tax advisor (again, an attorney experienced with international tax issues) in your home country. If you’re an American, it’s especially important that you identify two advisors and connect the dots of your new tax life with those of your old one…

Step 4: Research real estate options in your destination. I strongly recommend you rent first, to give yourself a chance to try your new home (country, town, neighborhood, street, beach) on for size before committing to a real estate purchase…but there are times when buying can make sense, too…

Step 5: Research health insurance options, comparing local, in-country policies (cost, coverage, restrictions) with those of international options like Bupa…

Step 6: Take your administrative life virtual. Make sure you can access all bank accounts, brokerage accounts, credit card accounts, and investment portfolio online and that you can move money around from one to another electronically…

Step 7: Figure out what to do with all your stuff. What’s coming with you, what’s going in storage, what’s being sold, and what’s being given away…

Step 8 (Bonus): Show up and start enjoying your new life…

Piece of cake.

This is the approach we’ll take during our Retire Overseas Conference taking place in Nashville next month.

For this year’s event, we’re featuring 21 top retirement havens, including your best options in the Americas, Europe, and Asia.

I’ve been hosting live and invest overseas conferences for nearly 30 years. This one is like no other. On stage with me during these three days will be the most impressive line-up of live-, retire-, and invest-overseas experts in the world. For this once-a-year event, more than 50 usually far-flung Live and Invest Overseas correspondents will be in one place at the same time, fully engaged in lively, interactive discussion and debate. The best places in the world to think about living, retiring, investing, starting a business, or reinventing your life right now? We’ll showcase them from collective personal and firsthand experience, paying as much attention to the downsides and the caveats as to the pluses and the benefits.

Who, specifically, have I asked to join me to help introduce all those assembled in Nashville next month to the world’s top living, retiring, and investing havens this 2014? I’ll be acting as moderator, leading the discussions, poking, prodding, and asking the pointed questions. Joining me on stage will be…

  • Lief Simon, the world’s leading property investing and international tax expert (I’d say that even if he weren’t my husband) who has traveled to more than 50 countries and lived in 7…
  • Lee Harrison, Latin America expert, with more than a dozen years’ experience living in the region, from Cuenca, Ecuador, to Montevideo, Uruguay, and from northeastern Brazil to (currently) Medellin, Colombia…
  • Jocelyn Carnegie, Euro correspondent, born in the UK, who has lived, traveled, and done business from one end of the Continent to the other and back…
  • Cheron Gelber, Asia correspondent, with a decade of experience living in the region and today dividing her time between the West Coast of the States and Thailand…
  • Nikki Di Girolamo, our Italy correspondent, founder and president of House Around Italy…
  • Janine Goben, our Island Lifestyle Maven, with more than two decades of experience enjoying life on the sunny shores of the Caribbean Sea (and a serious scuba diver)…
  • Phil Hahn and Amma Carey, two of our favorite expat-investors from Belize…
  • Steve Rosburg, our Argentina correspondent (who tells us that the time to buy in this country is just around the corner)…
  • Julian Abram Wainwright, Asia correspondent, with a decade-and-a-half of experience living and working in the region (in addition to tales about his adventures in Vietnam, Thailand, the Philippines, and beyond, Julian will share insights into how he supports his exotic lifestyle as a freelance photographer)…
  • Mike Cobb, expat and entrepreneur from Nicaragua…

Plus Juan Dario Gutierrez (our preferred attorney and advisor from Colombia)…Peg Fairbarn and April Hess (a couple of expats making new lives and building a new home in Panama)…Sandra and Carlos Munguia (from Mexico’s Yucatan coast)…Brian Angiuli (expat-investor from Panama)… James Archer (British expat, living and working in Panama)…Jeff Matthews (expat businessman from France)…Joel Nagel (the most experienced and savvy offshore attorney I know)…Andrew Straus from Brazil…Patricia Saucedo from Mexico…Luis de Silva from Portugal…Graham Bates from Insurance Services of America, the world’s leading broker of global and international health insurance policies…

And many, many others.

 

Kathleen Peddicord

Discover The World's Most Affordable And Exotic Places

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