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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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.

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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]

The Baltics are not third world. Living on countryside is extremely cheap. [/quote]
unless something drastically changes here in the US, medical care alone could wipe OP out, and the cost of medical care isn't that much cheaper in rural areas. Rather, it's harder to get medical care in rural areas.[/quote]
You kidding us all, right?![/quote]
? no, why would you say that.  Medical care in the US is stupidly expensive, and a large % of Americans struggle with medical bill.

https://spendmenot.com/blog/medical-bankruptcy-statistics/

[quote]Almost 60% of US adults have had medical debt at some point in their life.
70% of Americans with medical bills had to cut their food expenses to avoid bankruptcy.
Two-thirds of all personal bankruptcies are due to medical bills.
20% of medical bankruptcy filers are in the 55+ age group.
Almost half of those who filed for medical bankruptcy cite hospital bills as their most considerable expense.
[/quote]

You know that medicare doesn't cover everything, right?   My parents are on a fixed income of $2000/month in CA, and they still pay premiums for their medicare.  I've had to pay for some of their medical bills.[/quote]

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