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Thread: Where to Retire to?

  1. #11
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    Jul 2011
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    Lots of CONUS residents are retiring to Mexico. Lower cost of living, vibrant culture and warm weather. Might be worth a look?

  2. #12
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    Nov 2009
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    Quote Originally Posted by Ahnko Honu View Post
    Aloha Kākou.

    Okay, Iʻm quickly reaching retirement age. My state pension combined with social security amounts to a measly $1400.00 a month. I also just sold the home I grew up in after over 51 years, and after dividing the proceeds with my 5 siblings (none who live here anymore) my portion came out to a tad over $100,000. I have done my math and coming to the realization that it will be a struggle to survive here when I retire.

    Can anyone here suggest a nice place to retire where my wife and me can buy a nice home for under $100,000 (the more under the better), live off of $1400.00 a month comfortably, and where the weather is not too severe in the winter, and racial prejudice might be low? Decent medical facilities within an hourʻs drive a plus, and I should have health insurance when I retire. I donʻt like city life so rural would be much preferred or a small town like Kailua used to be would be okay.

    Any suggestions? Is this even possible? Hawaiʻi has the highest homeless population per capita in the USA and I can see why, donʻt want to join their ranks if possible.

    Mahalo nui for your input.
    Wow. I didn't know that about the per capita homeless in Hawaii - I thought here in California we were the leaders in that department (Los Angeles has had a 27% increase in homelessness in the last year alone) but when framed as "per capita" Hawaii gets that dubious honor. I do remember seeing a high concentration of encampments around Ala Moana though on my last trip.

    Although this mythical "retirement" thing will probably never happen to me (I've seen what my social security payments would be, and they wouldn't even pay my current rent!), I have been giving a lot of consideration to this exact same thing right now, since the cost of living in my home state of CA has made it a struggle for those of us who aren't doctors or lawyers or tech billionaires. I'm already too old to be struggling to make a living the way I have to now, and finding somewhere less urban and less pricey, and with all of your requirements *plus* I need it to be warm, has left me coming up with zip. I've lived my entire life on the Pacific Ocean (mostly CA, some Hawaii, Japan, Washington, and the Philippines) and I can't imagine living the landlocked life!

  3. #13
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    Mar 2014
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    Quote Originally Posted by acmespaceship View Post
    Lots of CONUS residents are retiring to Mexico. Lower cost of living, vibrant culture and warm weather. Might be worth a look?
    Mexico isn't all that they say it is. I have a friend who retired down there a few years ago. I lived in Florida forty years ago or more and there was no state tax income tax then, and I want to remember that there was not sales tax either, but I could be wrong on that. A consideration.
    I don't want to live in a world that is linear.

    https://www.amazon.com/s/ref=nb_sb_n...tective+Agency

  4. #14
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    Costa Rica, Belize, Nicaragua- I’ve heard good things about them but personally would be a little worried about expatriating
    "If a lot of people play the ukulele, the world would be a better place to live."

  5. #15
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    If you land near TBUS (Tampa Bay Ukulele Society) land, in Florida, let me know. You'll have an instant family of ukers.
    I have a friend who moved to Belize. She likes it, but says it's about like here. Same problems...same weather.
    Costa Rica has to be cheaper, no military expenses.
    "Those who bring sunshine and laughter to the lives of others cannot keep it from themselves".

    Music washes from the soul, the dust of everyday living.

  6. #16

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    Hi
    Not to be a nay-sayer, but I’m not sure I would retire with such little income stream and equity. I am 64, have worked continuously since high school (never more than a 10 day vacation), have two grown kids out on their own. I still am not sure how much it takes to retire, but have been advised that you need 25 times your yearly expenses in savings for a 20 year retirement.
    Ron

  7. #17
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    Feb 2009
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    Moku Manu, Hawai'i
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    My kid sis lives in Cape Coral so I was considering her area - Cape Coral, North Fort Myers, Punta Gorda, maybe Port Charlotte at most but want to say close to her preferably within an hour's drive due to her current health issues. I grew up diving, spearfishing, and fishing in general as well as surfing (I know, not much surfing in the Gulf) so having the Caloosahatchee River, Pine Island Sound, and the Gulf nearby will make adjusting much easier. My kid sis says she rarely gets any kind of prejudice there and never from white people, she get's it from a very few black people. She shakes her head every time saying "don't they know I'm a smaller minority than them?" She's been there for 20 years and said she could never return to Hawai'i, too expensive. She own's her house there, and lives off a early medical retirement. She's suffered allot due to her health.
    Illegitimus Non Carborundum

    I ʻike lākou, ʻo ʻoe, ka mea wale nō nona ka inoa ʻo IĒHOVA;
    ʻO ʻoe nō ka Mea kiʻekiʻe loa ma luna o ka honua a pau.
    Nā Halelū 83:18

  8. #18

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    My dream is to retire to Hawaii although it is probably not realistic. Is there not a lot of variety in cost of living in this state? For example real estate in rural Big Island is probably substantially less than around Honolulu.

  9. #19
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    Quote Originally Posted by merlin666 View Post
    My dream is to retire to Hawaii although it is probably not realistic. Is there not a lot of variety in cost of living in this state? For example real estate in rural Big Island is probably substantially less than around Honolulu.
    I'm curious about this too - that was always more or less what I had in mind, maybe a tiny condo on an island other than Oahu. With similar financial constraints to the OP, I'm wondering if it's even remotely possible.

  10. #20
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    Mar 2014
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    Just remember that if one is drawing their retirement income from a state pension, then you have to pay the federal and state income tax from where it is generated. Sometimes that is a bit cumbersome to file when living outside the US. My friend who retired to Mexico last year is dealing with that right now, and it is not going well.
    I don't want to live in a world that is linear.

    https://www.amazon.com/s/ref=nb_sb_n...tective+Agency

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