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Reply to "Retiring young - cautionary info"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Yeah, so this is why I plan to early retire to Europe where I can get nearly free healthcare.[/quote] Whereabouts? It's not easy in many countries to get permanent residency. People assume they can just flounce into any country and oh, won't they just be so glad to have you? No. Especially when you're going to leech on a system you haven't paid into. [/quote] Portugal is widely considered one of the best EU countries for expats to retire to... and guess what! You have to provide proof of health insurance and pay for your own health insurance for at least the first 5 years. You aren't eligible to participate in their publicly-funded health care until (and unless) you become a permanent citizen which can take more than 5 years too. [/quote] I have an Irish passport - do u think I still have to wait 5 years?[/quote] 1 or 2 years depending on how you establish residency. Signed -- Irish woman who just brought her dad back to US for cataract surgery -- Irish wait time for it was 18 months or 6 months with private insurance[/quote] Yeah, so the European system is way better for young retirees, until they get too old -- at which point Medicare is better system in terms of benefits/access.[/quote] We retired mid-40’s and moved to Portugal (only on US ppts). On year 3 now, and will apply for citizenship in 2 more years. True, we cannot access the virtually free public health care system, but private comprehensive insurance for a family of 3 here is 250€/month. Wait times depend a lot on what you’re looking for. I’ve had 2 elective surgeries that cost me 15€ copay + ~200€ each and were scheduled in <1 month from first assessment appointment. Was it as luxurious as a Swiss clinic? No. But the quality of care was at least as good as anything I’ve seen in the US.[/quote] Can I ask -- what are you doing for schooling -- I assume family of three means you have a child?[/quote] Private international school. IB curriculum - costs ~12k/ year, which is still reasonable vs what we would have paid in DC.[/quote]
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