Anonymous wrote:Anonymous wrote:Only 1 million.Hoping to retire in a small village abroad-cheap,fresh air,organic farming-"The Simple Life".
I am becoming increasingly interested in retiring abroad. There are many countries where our standard of living would skyrocket. Even factoring in two month-long trips home each year, and air fare for the kids/families to come visit once a year, we still come out way ahead.
And yes, we could get the same result retiring to some remote area of Florida, or some small town somewhere. But I don't want to live there. I'd hate it, in fact. I'd much rather live in Buenos Aires, for example, and come back twice a year.
Anonymous wrote:Only 1 million.Hoping to retire in a small village abroad-cheap,fresh air,organic farming-"The Simple Life".
Anonymous wrote:Three million would provide a nice monthly check and various types of insurance without touching the principal.
OP said $2.2 million liquid. Let's assume the rest is a paid for house. About the most you can get without taking significant risk is 3.5% right now. That's 75K per year. Back out the cost of health insurance for a family, say 15K per year, and you are left with median family income of 60K. There's worse things, to be sure, but the multi-millionaire OP is going very far without spending down principle. It's appalling, really.