dont wanna work anymore
2007-08-18 10:26:34 · 7 answers · asked by snippi f 2 in Business & Finance ➔ Personal Finance
I don't know what country you are in now, but if you are in the U.S., I would try Mexico.
2007-08-18 13:47:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
let's suppose that you can safely withdraw 8% a year while earning enough to cover both the 8% and inflation [so you can withdraw 8% every year forever].
that's 4200 a year or 350 usd a month.
ignoring taxes, are there countries where 350 usd a month is a reasonable retirement income?
i think so, and i'm pretty sure they are all among the poorest places on earth.
you won't have internet at home and likely won't have electricity. you'll eat the same as the locals and get your health care the same way they do [the curendera if you're in Honduras].
and if the locals move up in the world, you won't.
don't quit your day job. just find one you like better.
:-)
2007-08-18 17:44:46 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 0⤋
my wife and i like costa rica there are no taxes there and if you go to retire you may bring cars planes boats cash etc tax free under if you make less that 215k a month you are exempt
2007-08-18 17:31:43 · answer #3 · answered by beachlover 2 · 0⤊ 1⤋
Ethiopia, Burkina Faso, Kenya, Palestine.....
The list is (almost) endless...
2007-08-18 18:07:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Costa Rica baby!!!
2007-08-18 17:47:55 · answer #5 · answered by The Scorpion 6 · 0⤊ 0⤋
I don't know but if you find a place let me know! LOL
2007-08-18 17:36:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
move to india.. u can buy a home and a small car with $70K.. buy it used...
2007-08-18 17:40:06 · answer #7 · answered by John Loves Jenn 4 · 0⤊ 0⤋