Monday, September 6, 2010

to do list between now and retirement


I thought it would be good to start thinking about what we'd need to do in order to retire abroad in 4 years.

Get in touch with my retirement and see how much I will have/month
Learn Spanish
Go through all our stuff and eliminate what we won't need
Stop buying anything that we wouldn't need or can't use up between now & then
Get rid of debt
Sell the cabin
Travel to retirement destinations
Research, research, research
Check out about Social Security/medicare
Transfer all photos/negatives/slides and important papers to mega drive


How to determine if this is right for us?

This is my biggest question at this point....is this direction reasonable? Are our expectations in line with reality? It is apparent that one cannot count on American amenities in Panama, and quite frankly that is part of the appeal. It seems a good exercise to list the 10 things I couldn't live without....off the top of my head, here's my list:

ability to do hobbies
Cigs
Pet food
Internet
food
clothes
access to medical needs
Computer
Camera
Entertainment


Scott just walked in and here is his lists

Pets
Fishing
Internet
Phone
computer
food
clothes
access to medical needs
Entertainment
Church



Friday, September 3, 2010

When does a dream become reality

We have a dream, an idea... We are researching moving to Panama, Costa Rica or some other destination after I retire. What spurs this idea? The first issue is I can retire in 4 years (age 57), but health insurance is so expensive, I would have to continue to work until age 65. We are learning that Panama, etc. is becoming a retirement destination for many expats...so that's how we got to this dream, this idea.

The more we learn, the more we like it. It sounds as though living in these places is peaceful, simple and the native people are amazing.

We have lots to do on the research journey, but I wanted to capture the idea when it was in it's infancy. We just came up with this idea 2 days ago. Initial research shows we could afford to live in a beautiful place, with either ocean front property, or ocean view, and live a simple, meaningful life.

The first concern would be distance from family, but they would be a plane ride away and I'd be able to spend more time with them if I wasn't working..........that is if they wanted me to!

Our early questions are:
Can you take your pets?
What happens to Social Security/medicare
What questions do we need to have and find answers to

What we'd need to do to make this transition:
Make sure the kids are ok with this....
Learn Spanish
Research, research, research
Sell the cabin
Sell our possessions
Stop buying anything we couldn't take with us
Get rid of debt

These are just the early thoughts, there are miles to go on this journey....and it might not pan out at all..........but one can dream, can't they?