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Reply to "Early Retirement Overseas...How much do you really need?"
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[quote=Anonymous]Things to consider: 1. if you stick your money in foreign bank: risk of expropriation risk of banking crisis wiping out savings risk of inflation 2. If you keep your money in US bank: risk of big currency swings deteriorating your living standards (e.g., you keep your pension in dollars and live in Brazil - your income would have fallen by 50 percent between 2009 and 2011 thanks to the real's appreciation.) None of which is to say you shouldn't do it, but you need to have lots of cash - divided between local currency and dollar deposits - or a back-up plan in case shit heads south. I know lots of people that went abroad and loved it - for a while - but then wanted to come back for a variety of reasons. [/quote]
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