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Overseas Retirement Planning Guide

The Overseas Retirement Planning Bible

“Retiring and moving overseas requires financial planning,” writes resident Retirement Planning Correspondent Paul Terhorst in the introduction to his new “Retirement Planning Guide–How To Get Your Finances In Order To Make Your Move Overseas Right Now.”

Paul’s new report, the culmination of 28 years of successful retirement overseas and 40 years of personal investing experience, is the overseas retirement planning bible, walking you through the financial concepts you need to understand to make a success of your own far-flung retirement adventures.

In the report, completed just this week, Paul addresses three main themes:

  • First, bet on global growth…
  • Second, control your expenses…
  • Third, avoid losing your money on hair-brained schemes.

As Paul explains:

“I’m an optimist. I’m a bull. I believe in the old adage, ‘bears make headlines, bulls make money.’ In particular I’m convinced that global growth will soon improve.

“Remember that globalization has come about only in the past several years. As recently as two decades ago, the Soviet bloc kept its citizens away from travel, away from markets. China and India persecuted the most productive sectors of society. Dictators from Burma to Brazil, from Romania to Egypt closed ports, markets, and trading in currencies.

“Then came globalization. We got used to trade, markets, and all the benefits economists tell us about. By now virtually every country, everywhere, has profited from trade and commerce. Modern-day dictators and communists have learned that trade fills coffers. Globalization has become unstoppable. You can’t put the toothpaste back in the tube.

“As of this writing, the global economy appears shaky. Europe poses the biggest problem, but weakness seems to be spreading to other continents. I take weakness as normal growing pain. I believe we’ll soon return to world growth that drives stock markets. After all, Europe has been down before and has always come back.

“In this report, you’ll see ways to buy into global growth. Stocks. Natural resources. China. Just remember to stay the course, to stick for the long term.

“The second theme in this report is: Control spending. Advisers tend to believe our spending after retirement will decrease only slightly, if at all. Nonsense, I say. Move overseas, get your rent down, and, in most cases, you’ll spend far less. You’ll have plenty of money. Vicki and I live these days in Chiang Mai, Thailand. Our living costs are so low that, when we prepare our personal balance sheet, recent living costs amount to a rounding error.

“You may have higher expenses, depending where you choose to live. But almost everywhere you can find a cheaper rental if you have the right attitude. I argue that day-to-day living expenses, on la dolce vita, make more difference than how big your house is, than how big your yard is. Give up trying to impress. Enjoy the rest of your life doing what you want to do rather than spending on a big house.

“In this report I caution against hair-brained schemes. What schemes are hair-brained? All of them. I’ve seen people lose their retirement stash by opening a bar or helping someone open a bar. By day trading or otherwise going after what looks like a sure bet. By venture capital funding. By buying into IPOs. By buying or building a fortress home in a remote location.

“There are endless ways to lose money, an endless number of hair-brained schemes. Forget about them. Choose steady, long-term, solid investments in global growth, not short-term schemes.

“My final advice: Go For It. Vicki and I retired at age 35 and have enjoyed every minute of our retired life, most of it living overseas. You can retire, too, almost no matter how much money you have, if you’re willing to think creatively.

“Choose to retire earlier rather than later; choose to act now rather than at some vague, unspecified future date. In almost all cases we’ve heard about, retiring early worked out better than imagined. You just need a little courage, a little luck, a little flair for knowing how to enjoy yourself.”

Kathleen Peddicord

Editor’s Note: We’re making Paul’s all-new, hot-off-the-virtual-presses “Retirement Planning Guide–How To Get Your Finances In Order To Make Your Move Overseas Right Now” report available to all newOverseas Retirement Letter subscribers. Details for how to claim your copy are here.

Already an Overseas Retirement Letter subscriber? Don’t worry. We didn’t forget about you. We’re making Paul’s new report available to you with our compliments. That is, free. A small thank-you for your continued loyalty and custom. Watch your in-box for your copy within the next week or so.

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