Home Immigration IS RETIREMENT in the USA a PIPE DREAM? + Viewer Q&A

IS RETIREMENT in the USA a PIPE DREAM? + Viewer Q&A

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IS RETIREMENT in the USA a PIPE DREAM? + Viewer Q&A

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After reading a couple of articles about cost of living and the amount of money you need for retirement (linked below), we started freaking out a little! We’re nowhere near where we need to be financially to ever think about retirement!

Thankfully, we live in a low cost of living country where it’s possible to save a significant portion of our income. Moving abroad may become necessary for more and more people as the cost of living in the US and other countries continues to increase.

Forget the 4% Retirement Spending Rule. How Do You Feel About 1.9%?

A recent CNBC article listed the average annual salary needed in each state for a 1 bedroom 1 bath apartment

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23 COMMENTS

  1. 🤣Amelia IS hot! ❤‍🔥
    Hey guys from Mississippi. Found you guys by accident and don't have any plans to move abroad but I've been enjoying your videos immensely. I figure we're about the same age so Amelia's hotness gives me hope. 🙌🏻 Love seeing different cultures especially from an American perspective.

  2. Hello Amelia and JP. I happened to stumble upon your channel today and enjoying your content. I have a decent pension and I’ll receive my first SS payment in December. I retired 4 years ago and relocated to Thailand and my life has never been better. Very low cost of living, delicious food, the people are friendly, beautiful beaches and island, mountains with gorgeous views, unreal sunsets, excellent medical that will leave you laughing once you see the bill. I have health insurance here but have yet to file a claim due to the extremely low cost of medical. I’ve paid 60 – 400 Thai baht, thats equivalent to $2-$12 USD.. The police don’t mess with anyone unless your causing a problem.
    After 3 years of living here I no desire to return to the USA.
    No regrets living here. I highly recommend Thailand for retirement. It’s a no stress lifestyle.

  3. Hi Amelia & JP –
    Long time viewer; many thanks for your great channel. I'm in U.S. I retired last spring, now selling everything and planning to slow travel starting next spring. For me it's EITHER a home base in U.S., or travel – can't afford both. I want to see, explore and experience, so off I go!!! 👍✈️

  4. My son is 27, he has a decent job and is engaged. They have over 10K saved, but no way to ever buy even the smallest starter home or condo. The average home price where they live is about a million dollars, and they live in a lower cost of living state. I am just blown away that a 10K down payment for a home would be laughed out of ever happening now. They rent a tiny, cramped apartment and share a bedroom so they can have a room mate to help pay the rent on the 2 bedrooms. Nobody under the age of 40 in the U.S. nowadays ever thinks they will have a chance to be a homeowner.

  5. WE HAVE LIVED IN FLORIDA ALMOST ALL OUR LIVES. In 2004, we moved to Costa Rica and lived there for 5 years. Unfortunately, the 2008 Crisis hit our adult sons hard, and we were forced to return to the USA to help them thru it. NOW, we are in our 70's, and find it difficult to "make ends meet" on pension income. SO, we're thinking seriously about BECOMING expats, AGAIN !

  6. My wife and I both live on public disability pension in Germany. When we turn 67 our disability pension will turn into a little higher retirement pension. Our disability pension does allow a decent life for us here, especially since we don't have to pay rent or for a mortgage. We managed to buy our little house while we both still could work and to pay off the mortgage before we both became victims to cancer. What I want to say with this is – in many European countries (not all, though) you can actually live from your retirement pension or even disability pension when you did work for enough time before the retirement catches up to you.
    The pension system in most European countries is not based on financial market's gains like in the USA, but paid by social security contributions of the work force plus tax payouts from the government. So we are not dependent on a working financial market and savvy investors, but on enough people to work and pay taxes. Right now, this is a big advantage.
    If you earn the average yearly income, you get 1 point per year for the pension system, and this point pays you around 38 € pension per month. Do you earn more or less than average, you get equivalent more or less points. So, if you manage to work for 40 years and all the years you earn the average income, your retirement pension will be 40 x 38 € = 1.520 €. That's not a lot, but you can add to it savings (with an average pay you get right now nearly 4,000 €, so you should be able to save money for your old age) and should try to have bought a condo or a house and paid it off before you retire. With that, you can live a comfortable life here.
    There are more than enough people though, who had less than average income their whole life, or were self employed with only little success (and opted out of the retirement pension system), or simply had a habit to spend everything they earned without saving some of it, and thus only get pensions of less than 1,000 € or even less than 500 €. They will be dependent on additional national social welfare payments (paid from taxes) when they are old or become disabled, and with this they will be able to house, feed, and cloth themselves, but not much more.

  7. I am 80 and have been retired for 22 years making three times the amount I was making when I retired January 2000. How did we do that? By reading the book “The Richest Man in Babylon” by George S. Clason in 1972. We did what it taught achieved financial independence when I turned 55. Presently, all our funds are in mutual funds. Specifically, Vanguard’s Health Care and Windsor. Each year at the end of December I check the number of shares each fund increased by. We sell only 98% of the increase of shares and that becomes what we live off for the next year. That way, the funds continue to increase in the number of shares we have. Last year was so good we only took 40% of the increase in shares. So, read the book and do what it says.

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