Where to retire, or not..

Posts
1,442
Likes
2,317
^^^ Nice. Is it fall there all year long? 😁

I'm up outside DC, and it's not very scenic.

It’s a different kind of scenery
 
Posts
5,369
Likes
9,152
^^ That's a late winder photo. All of the vehicles are drab gray, with some whites and blacks thrown in. In the Fall, the vehicles are much more colorful -- yellows, reds, oranges, etc. It is a beautiful sight!
 
Posts
258
Likes
230
The requirements vary from country to country of course, but in general you must show that you are financially independent, including private health insurance. For permanent residence, there are usually specific visas that must be applied-for and obtained in specific order in a process (which is not necessarily logical to us) that can take months or years. It's not hard to find country-specific requirements online and a good starting point for anyone interested are expat forums. There was a (not entirely useful) article last week in the NYTimes travel section (online).

I figured as much. I know certain places have a lot of hoops to jump through, while others I think it’s impossible unless you marry someone from that country.

Definitely worth considering if you have no social ties that you want to keep geographically close and if your nest egg goes 2-10x as far while not sacrificing too much (comfort, rights, etc)
 
Posts
7,646
Likes
26,506
Interesting thread! Of the places outside of the US, it seems like the most mentioned places are Portugal, Spain, and Southeast Asia.

For the people that have moved your permanent residence abroad, how easy is it? Does Portugal (or wherever you moved) just let you in? What kind of visa do you need to get?

Do you still have US investments (stocks, property) that you need to pay taxes on (dividends/appreciation, rent)? How does that work?

Portugal is one of the most immigrant-friendly countries in Europe. I have an EU passport, so it was a breeze to become a resident. Without that advantage, I believe that if one were to invest €450k in property, a five year residency would be established. Extending the residency is easy, as long as one has the finds to support oneself.

Note that taxes are quite high, though, for those earning more than ~$80k/year.
Edited:
 
Posts
532
Likes
2,492
Retiring is many, many years away but I would opt in with the Northern part of Italy; specifically Piemonte or Liguria. Climate, food, people are just amazing and you are very close to mountains and beaches.

I'd love to retire in Italy - inexpensive and a high quality of life in many places (especially if you are making a US or German level income. Having lived there for a while as a non-EU citizen, however, I getting can say that getting residency can take many many years, during which you have to leave every three months... Not exactly a stress free experience.
 
Posts
980
Likes
1,586
Every so often I work up the nerve to search for and occasionally apply to a position at a firm in Northern/Western Europe with the hopes that I'd be able to move there and establish a foothold to stay on after retirement. It's not likely to ever come to pass since we both have a lot of family here and I'm not quite at the level in my career to be internationally recruited.
 
Posts
6,791
Likes
12,821
Interesting thread! Of the places outside of the US, it seems like the most mentioned places are Portugal, Spain, and Southeast Asia.

For the people that have moved your permanent residence abroad, how easy is it? Does Portugal (or wherever you moved) just let you in? What kind of visa do you need to get?

Do you still have US investments (stocks, property) that you need to pay taxes on (dividends/appreciation, rent)? How does that work?
Just remember, US citizens have to continue paying US Federal Income tax on their worldwide income. So all your investment income, capital gains, IRA withdrawals, 85% of US Social Security payments are all subject to taxation. If you pay income tax in your new domicile you can take credit for it on your US tax return. The US is one of the few countries that does not exempt US citizens from paying US taxes if they live outside of the United States. I lived many years outside of the US on various assignments for my company and they tax-balanced me so they paid all the extra taxes that I incurred by living overseas. They paid the foreign taxes, and the extra US taxes due on my housing, car and assignment bonus at the assignment location. It got very complicated.
 
Posts
1,301
Likes
2,574
Getting out of Orlando, FL. Too much traffic, too many visitors, and most of all too many bad drivers. I'd like to move and retire here. North Carolina mountains. Trout fishing, dark skies, breweries, and still plenty of golf courses!
11974552786_c589d40c6d_h-700x467.jpg crowders-mountain.jpg 2e33ccb90d3f6ed406b4df6bad1ec66f.png state-of-southern-beer-social.jpg cold_mountain_NC.jpg 10684479284_2ce9c5d36b_k-700x408.jpg shutterstock_85382275.jpg BlueRidge_Featured_Image.png
Beautiful country, reminds me of Deliverance though. ::stirthepot::
 
Posts
822
Likes
8,206
⬆️ Mac5,
Regarding Western North Carolina; it is indeed God’s country. I enjoy visiting my daughter and son-in-law in Asheville -usually every four months. Hiking Mt.Mitchell, taking in the Blue Ridge in a convertible..
exploring Biltmore ( and the Forest ); no doubt it’s a consideration for retirement. Beer City!!!
 
Posts
8,126
Likes
19,014
I'd like this bring this topic as I have read a few posts from some members suggesting they are close to retirement --and I want to think I'll be reaching that milestone in the next 4-6 years; I do like the sound of "four" much, much better than "six" 😀

Anyway, many years ago I discarded the state of Florida for many of the reasons stated in this article titled 11 Reasons You Don't Want to Retire in Florida that just showed up in my email and would like to hear the opinion from our Floridians residents such as @gatorcpa or any others about these statements...

Lately I have been reading of places to retire outside of the U.S. and one country that appears on almost every list, which I have also considered and remains a potential candidate on my list is Portugal -- would like to hear @Tony C. perspectives on such proposition.

Any others? is your retirement in the near horizon as mine? Are you looking to stay on your current state/country or looking forward to move out of the desert as @The Father mentioned earlier?

Just curious...

🍿

Well, my decision (in concert w/the wife) is done and the train has left the station. D minus 18 months to join the ranks of the retirees ::psy:: Last year (after several months of negotiation, inspections) we closed the deal on a house over looking the Caribbean. The house was in need of many upgrades and other modifications that my wife and I wanted. We hired an architect to put our thoughts on paper and the project is now on full motion - here's one artistic image drafted by the architect. 😀 Oh yes! we'll have lots of winter clothes to get rid off! 😜

.
 
Posts
20,256
Likes
46,954
If it's not a secret, I'm curious which country you chose. I think that was a major point in the original thread.
 
Posts
3,843
Likes
8,659
Judging by the picture, the cell coverage might be a little spotty there. 😉
 
Posts
1,233
Likes
12,001
Congrats for your retirement!
And let us know where you finally decided to set up !

I did not see this thread up to now, but enjoyed reading it. Still 20 years away from « full » retirement (French version = full pension) but reading this thread makes me think about it and my own to-be criteria.

Thanks for sharing
 
Posts
29,623
Likes
35,590
Well, my decision (in concert w/the wife) is done and the train has left the station. D minus 18 months to join the ranks of the retirees ::psy:: Last year (after several months of negotiation, inspections) we closed the deal on a house over looking the Caribbean. The house was in need of many upgrades and other modifications that my wife and I wanted. We hired an architect to put our thoughts on paper and the project is now on full motion - here's one artistic image drafted by the architect. 😀 Oh yes! we'll have lots of winter clothes to get rid off! 😜

.
Congrats mate that looks amazing!
 
Posts
209
Likes
199
Well, my decision (in concert w/the wife) is done and the train has left the station. D minus 18 months to join the ranks of the retirees ::psy:: Last year (after several months of negotiation, inspections) we closed the deal on a house over looking the Caribbean. The house was in need of many upgrades and other modifications that my wife and I wanted. We hired an architect to put our thoughts on paper and the project is now on full motion - here's one artistic image drafted by the architect. 😀 Oh yes! we'll have lots of winter clothes to get rid off! 😜

.
Wow - congratulations!
 
Posts
828
Likes
1,464
Well, my decision (in concert w/the wife) is done and the train has left the station. D minus 18 months to join the ranks of the retirees ::psy:: Last year (after several months of negotiation, inspections) we closed the deal on a house over looking the Caribbean. The house was in need of many upgrades and other modifications that my wife and I wanted. We hired an architect to put our thoughts on paper and the project is now on full motion - here's one artistic image drafted by the architect. 😀 Oh yes! we'll have lots of winter clothes to get rid off! 😜

.
I think I could get by with that 😉, well done Sir!
 
Posts
2,428
Likes
6,543
I have an idea where the next watch meet up might be. ‍♂️
 
Posts
6,626
Likes
21,405
A slight twist: any opinions from our US members when to start Social Security?