Reply to Can I retire in a low COL country with $500K?

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Reply to "Can I retire in a low COL country with $500K?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Check out the leanfire and expatfire subs on reddit.  $500k would be extremely lean, but if you let it compound for a few more years, it's possible.

[/quote]

Possible, maybe.  A good idea?  Probably not.  Living one unexpected expense away from bankruptcy hardly seems like a recipe for a rewarding and comfortable retirement.

Spend less, save more.  [/quote]

What if I’d rather live large in a third world country than live frugally in America?[/quote]

It depends on how you define "living large".  3rd World countries implicate a host of potential issues from economic and political instability and undemocratic governments, to poor quality/limited availability health care, lower life expectancies, limited public services, poor infrastructure, public corruption, pollution, and crime.  Obviously, not all of these issues are present in every 3rd World country, but they define the term.  You may be relatively wealthy in such environments while still experiencing a relatively poor overall quality of life compared to retirement in a 1st World country.

It depends on what you value.  If you prioritize cheap food and housing and household help over all else, go for it.    [/quote]

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