One huge plus that I do need to say about staying in the Chicago area. The food is second to none.
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Florida here, I like the Sarasota area and same with the wife, we both would rather be their sooner then later in life, a lot sooner if possible. Start a mid life retirement ... meaning enjoy the outdoors more with our kids, and just not show up when we retire.
Sarasota is in my area. PM me when you're ready and I'll fill you in on the area and find you something that suits you well. Siesta Key if you like more vacation traffic, the town has outdoor restaurants, bars, a Bears bar (SKOB) and a lot of happy vacationers. Plus one of the best beaches in the world. Long Boat Key, to the north, is more secluded but has St. Armand's Circle which has all the restaurants, bars, car shows that you would want. The mainland has the bigger city of Sarasota and lower prices than the Keys. The further you get from the water, the cheaper prices get.
Oh absolutely. It’s fun to think about and pretty far away for most of us. Far enough away that a dream sounds realistic.
That's the fun part, you can wish for anything!!!
I'm expecting some to say Moon or Mars??
You can settle when time comes, but wishing doesn't hurt a damn thing, and might even bring a little happiness to your daily grind??
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RV, a small place on a lake, and some land around it, preferably wooded with some trails.
Liquidate everything, go find a welcoming island in the Caribbean and be an ex-pat. I've seen too many episodes of "Island Life", dammit.
I've heard Panama was a good place to head to. They like the USD, China has been dumping tons of cash into the country so lots of new and reliable infrastructure, and IIRC, no taxes. I got a friend in Costa Rica that's been there for 20+ years. Said if he had to do it again, he'd go to Panama.
Playa del Carmen, Mexico.
I will inherit a house there at some point and have family already living there. For me the move to Mexico should be pretty seamless since I was born there and it would be just like going back.
I do plan to head down there when I’m 55 and live off rental income and then once I reach retirement age I’ll get full benefits and my pension from a previous employer.
for all those that are scared of going to Mexico you’d miss out on a LOT by being scared of something that is so unlikely to happen to you anyway, the cartels don’t regularly mess with normal everyday folks even less gringos so yeah no more dangerous than some of the big cities in the US
Have you ever been anywhere else? I mean food is great here, but it’s equally as great in New Orleans, Nashville, New York to name a few. Prettymuch any big city is going to have good foodOne huge plus that I do need to say about staying in the Chicago area. The food is second to none.
I'd love to retire to Playa, but pretty pricey and I'm super jelly that your going to inherit a house there. Playa/RM is our favorite part of Mexico. Hence the reason we have been there over 10 times.Playa del Carmen, Mexico.
I will inherit a house there at some point and have family already living there. For me the move to Mexico should be pretty seamless since I was born there and it would be just like going back.
I do plan to head down there when I’m 55 and live off rental income and then once I reach retirement age I’ll get full benefits and my pension from a previous employer.
for all those that are scared of going to Mexico you’d miss out on a LOT by being scared of something that is so unlikely to happen to you anyway, the cartels don’t regularly mess with normal everyday folks even less gringos so yeah no more dangerous than some of the big cities in the US
My son and his GF love Columbia. They like it better than Mexico and claim its just as safe as Mexico if not safer.I have heard the same about Panama, Costa Rica, Philippines, Thailand, and even surprisingly Columbia.
Mexico is 100% safe, the media and Trump make it sound like its absolutely horrible and unsafe. The Mexican people (minus the cartels) are the friendliest people you will ever meet. I have been in real authentic parts of Mexico, little ass towns. Ive stayed for anywhere from a week to 2 weeks. I had no issues walking around hammered at night. Went to the disco (nightclub), went to the titty bars all in the middle of nowhere. Wasnt anywhere near a tourist area. For the most part, the cartels arent going to fuck with you unless you stick your nose where it doesnt belong. They are making BILLIONS of dollars, why the fuck would they want to fuck with you for no reason at all?I had a distant uncle move from Chicago (gave me his furniture) to Mexico and never came back. He enjoyed himself until his end of life. And I also heard that it's safer than being here where everyone can be a random target.
I have heard the same about Panama, Costa Rica, Philippines, Thailand, and even surprisingly Columbia.
We took a Caribbean cruise last year and every island I took a non tourist tour around the islands and ask to see where the "common" people live and the the guide would point out the ex pat enclaves. I would ask the avg home price and rent to get an idea of the financial viability. If someone has residual income that they might not be able to live comfortably on here they can live like a King elsewhere.
I'm trying to get back to Arizona before I hit retirement age. Place actually feels like home to me, unlike this bitchass city.
Well my overseas is limited to London and Paris. And while many locations have their strong points. I stay say Chicago is tops overall. Pizza is a food group so New York can't compete, and I dont care if you can roll it it's still taste like cardboard....lol So pizza, beef sandwiches and hot dogs pllace us above most locations. Even our steak houses are copied but seldom duplicated.Have you ever been anywhere else? I mean food is great here, but it’s equally as great in New Orleans, Nashville, New York to name a few. Prettymuch any big city is going to have good food
I read a few of y'all were planning on real estate for retirement.
For those who are employed (vs self employed) how many of you are in a defined pension plan and plan on retiring off of that.
I ask because a lot of jobs now have 401(k)'s and other plans where the onus is on you to pick the right stocks/funds and to be able to live off of that vs the defined where you work a certain number of years and once you reach a certain age you get a % of your salary until death.