Great video! It's fun to hear real people's stories. I'm not surprised at all about the Portugal thing, I have a good friend who's seriously looking into moving there, especially for their health care system. I know another family from the Bay Area who just moved there as well. Gotta go check it out! Thanks for the great content, Erin! You are super easy to listen to and totally not pretentious. Keep it going! 🙂 (I'm originally from Michigan, Grand Blanc, so I bet I've heard of your town up north, lol.) 🙂

This was very interesting.

Thanks Erin and Tony, never gave retirement abroad much thought. I found this episode very informative.
Thanks

One thing rarely mentioned (or asked) in this kind of interviews is whether one has received generational wealth (and/or other benefits) from parents, which some people are reluctant to talk about. But they are eager to mention the wealth they will pass on to their descendants (as this gentleman does here). This is not an easy topic to discuss even when one is willing to do so, because sometimes those benefits are taken for granted. A child growing up in a stable home in a good neighborhood has a better shot of achieving wealth in the future than someone living in a high crime, "food desert" area where you have to walk miles to buy groceries because no stores want to open in your neighborhood due to high crime.

He was delightful, and you did a great job Erin! Many thumbs up!

Always interesting to hear other folk’s financial journey. Thanks for sharing!

Really like the new series. I listen to it like a podcast.

I thought this was interesting. I still have about 12 years until retirement, but Portugal and/or Spain are interesting to me as potential locations to at least winter if nothing else.

Thanks!

Very excited about this series and thanks for another great interview! I am 48 years old and have been doing a decent job of putting my income to work for me. This last 12 months I have started to reevaluate my life after splitting with my partner, questioning what I might like to create next. Interestingly, the previous owner of my new home was retiring to Portugal and one of my new neighbors is married to a Thai woman and planning on retiring to her home in Thailand in three years (at age 50). Both of these associations sparked my interest in exploring if I might like to retire abroad.

Thia Open Money series is the best. I love how the transparency helps us see who we can relate to in terms of the financial numbers vs where we are in comparison (although the age is different). Really terrific interview and I hope you keep up this series–it's very insightful, relatable and very helpful in planning one's own personal financial future–Great work on your part and this gentleman was wonderful to listen to, especially since he moved to Portugal–something I am also considering one day when I retire.

Hi Erin, I’m really liking your new series. It is so interesting listening to the finances and stories of regular people. I think you really have a hit on your hands! And you did an excellent job of interviewing your guest. It just really opens up your mind to hearing what your guests financial situation is, and gives you thoughts about your own situation and how you can better your own finances.
Have a blessed day! 😊

What is annuity? 😅

Great story, but it causes me some concern for younger folks because housing prices have gotten so outrageous. For most people in my generation (Boomer), our house is our biggest asset. But that may not be possible for our grandkids..

Erin, this new series is a real innovation in financial YouTube. The interviews are the equivalent of the financial profiles of real people (though their identities are concealed, their financial details are not) featured regularly in our Canadian newspapers, complete with a breakdown of their assets and liabilities, background details as to their stage of life and particular situation, and advice from a professional on where to improve. (There are likely equivalents in the U.S. press.) The series reminds us how "personal" is personal finance, and lets the viewer learn from your interview subjects and think more clearly about our own needs and goals. Well done! Hoping you continue this series, even as you make videos on various other topics of interest.

Yes, loved this one! Would like to see more real people videos.

I really enjoyed this…awesome job both Anthony and Erin.

I just started going to Europe for work and seeing just the Netherlands, Denmark, Poland, and Germany it is really fascinating thinking about the potential to retire abroad.

Personally want to travel in retirement and see many different areas of the world. So curious if it were better to do that from Europe.

The assets are not much for two people, but I guess with his social security plus wife's combined, they will have enough to live on in Portugal, which is also getting expensive.

12:20 ish, does he say how much of a lump sum his annuity cost upfront?

Was it a $100k perhaps since it's guaranteed $7,500?

This is very interesting Erin! 😀 if you like some financial journey from immigrants who just moved here to the US, i can share my experience as having just moved here from the Philippines back in 2017 🙂

You're not originally from St. Ignace are you?

I do like seeing another perspective with this video! I like the format of these videos too and would like doing an interview about the topic, but not sure if I'm ready for my finances to be on the internet quite yet lol…but for now I will keep watching these videos and enjoying all the videos you create. 🙂

For the NHR scheme it's 10% we pay on pension to Portugal and I THOUGHT we just paid U.S. tax on our IRA payments because of the treaty( no double taxation) between Portugal and U.S. clarification would be greatly appreciated as I'm having a heck of a time trying to find an international accountant . Obrigada!

Very cool video! Please have some more guests who retired abroad. I'd love to hear a few other perspectives…

Get out of town! My mouth dropped when I saw this. We're in the very long stressful process and costly. We're so excited!

When you started this Open Money series, I was a little concerned for your friend divulging her personal financial details. But today's episode didn't make me think that way, and instead had me very appreciative of the insights this gentleman offered. Maybe it's because he's decades older than your friend in the first episode, who's just starting out… Good video, as always, now I want to see what the pillow test thing is about…

Very cool topic! Tony was great. I loved your bus stop story. LOL

Great video Erin! I've recently retired this year at 55 and learning from others with their retirement experiences. Question: Do you know if this gentleman has a dual passport? I'm researching the requirements for dual citizenship. One of the recurring theme I see is missing friends and family back home. My wife and I are thinking of travel (and possibly living) abroad, but will want a place in the US to come home to.

I appreciated this gentleman being so open about the specifics of his financial situation. It's one thing to have generic advice and theoretical examples, but a) I WANT TO DO WHAT HE'S DOING, and b) it's great to hear from an actual human with actual numbers of course. 🙏🏾

Retiring abroad is an excellent idea for adventures people. The challenge is to select a suitable place.

I dated someonenfrom Newberry decades ago, and I bet that town is smaller than where you are from! And we used to deer hunt in Gulliver, another really small town. Great video Erin. I think these real life examples are more meaningful to people than simulated examples. As for living abroad, sounds like a great option, but I couldn't leave friends and family.

Hi Erin. I looked for your email address to talk to you about this series, I couldn’t find it. 🤷🏻‍♂️

Another great vid from the series :). I'm looking forward for these vids now lol.

Thanks!

Planning on retiring to Portugal next year. It's so difficult to retire early in the US due to healthcare. That's the main reason I started looking outside the US to live. Great interview!

There are a lot of Portuguese immigrants in France, and they're known for being very friendly. I had Portuguese neighbors. It's always a good idea to learn the basics of the language before moving to a country to make it easier to adjust. They probably had Portuguese classes in NYC, but other places it would be hard to find. Thanks for the video!

I really enjoyed this interview. I can't wait to get over the health issues that I have (new knees) so I can actually start feeling like I am retired. One thing I would like to hear about people that have already retired is, "What does your day look like now?". In this gentleman's case he travels every 3-4 months but what does he do when he isn't traveling.

I really wish I had learned what I needed to learn back when I was in my 20's and 30's instead of my 50's and 60's. I would have been far more prepared for my retirement.

Any way, very good show and interview.

Thank you for all the information, Anthony. So how close to the Algarve area of Portugal are you? Did some traveling after college and tripped into that area and just loved it. When I retire I want to go visit and stay there for a month. Thanks again Erin for this format, it was great to listen to and see other retired couples' retirement experiences.

This is a fantastic real world series. Can these be numbered or put into a playlist on your channel? The goal is to build a perpetual money making machine.

Can you please do episodes on retiring in Spain and also France? That's my plan for retirement in about 13 years. I haven't decided on which one yet so, would love to get info on both. The culture, healthcare, proximity to other parts of Europe, Asia, Africa for travel makes it ideal for me. Thanks! Love your channel.