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Retire To Beijing, China

Kathleen Peddicord by Kathleen Peddicord
May 13, 2011
in Retirement/Living
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tall buildings and wide avenues in Beijing China
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Irresistibly Exotic

“This trip to China is not like my five previous trips,” writes new China Correspondent William Eubank. “This time I have come not for a 30-day visit but for the long term. There is a difference.

“For me the difference has had not as much to do with adjusting to life in China (I did my homework and I’ve spent enough time here in the past to know what to expect) as it has had to do with adjusting to the re-invention of myself. I am learning to deal with what this new life I’m making for myself really means. One important adjustment, of course, has been giving up that nice monthly paycheck from the university where I was employed as a teacher for so long.

“Over the last four years, making my plans, estimating what I might need/earn/spend living here in China, was one thing. Arriving here and seeing how things really pan out is another. I have been here for 35 days as of this writing, and I’m beginning to relax.

“I have identified a half-dozen ways to make money here to supplement my retirement funds (more on that later).

“More immediately exciting is that my health has improved dramatically since I got here at the end of March. I have been walking, taking public transportation, and getting out for several hours every day. I have lost about 5 kg in the last 35 days. My blood sugar levels have fallen from the 300s down to an average of under 150. I was walking in the park today, and I actually felt like running. I didn’t because I didn’t want to set off a panic among the thousands of Chinese watching me. But what a great feeling to have the inclination.

“Reinventing my life here in China is requiring big adjustments, yes, but life back in the States is going to require big adjustments soon, as well. The social, political, and financial challenges that I see coming in the United States in the next few years will make the ’60s (both the 1860s and the 1960s) look like calms before the storm.

“You may not have considered China as a place to retire, and this isn’t everyone’s cup of tea, but I see big advantages here, for an improved lifestyle, for a reduced cost of living, and for a big adventure. For this 65-year-old, the idea of enjoying my final years in this exotic environment was irresistible.”

Kathleen Peddicord

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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.

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