This is surprisingly close to my plan, but you're taking more time to do it than I plan on. Although I'm not moving out of Dallas because I have any particular dislike of the city. I just want more space where I can have an overly indulgent garage/workshop.
I’m being overly hateful. I just look at it and think “why would I want to be retired here?”, one of the big traps is you have to get out before inertia sets in.
The only things a financial advisor would suggest on top of that would be 6-12 months of bills in a savings account, and being more aggressive in getting your car and mortgage paid off. Minimize debts, maximize savings.
Yeah we have an emergency fund.
Then invest more unless you are planning to retire there. In that case there is more value in owning the title and deed for permanence and just in case you get laid off or something.
I have a couple friends who have considered retiring in Belize. One of them actually bought a condo down there. I dunno. I would feel pretty uncomfortable entrusting a big chunk of my net worth in some tiny country where there could be a political change (like the locals got sick of all the Americans buying up all the houses close to the beach) and suddenly there's a new government and you're being deported and your house how belongs to the new leader.
i'm pretty sure they wouldn't actually just close all their american accounts and just bank out of a belize bank that would be silly. it's probably the situation
Quevy
was in and i see my wife and myself where he lived in japan but the chunk of his financial assets are still in america
Eh, any time you move to another country, you should really have a "get the fuck out, right the fuck now" plan that isn't entirely crippling. You probably won't need it, but you'll sleep better knowing it's there.i'm pretty sure they wouldn't actually just close all their american accounts and just bank out of a belize bank that would be silly. it's probably the situation
You might want someone to take a look at the asset split of your retirement fund. Financial advisors are a waste of money if your stuff is pretty straightforward
My job is pretty portable so my plan is 45-55 figure out where I want to retire that I can still work, work there from 55-65, rebuild community. Retire at 65
They can be worse than a waste of money if you get one that makes their money from commissions on bullshit annuities and whole life policies that will massively decrease how much you have to retire on.
You can't really put your assets in anything in Japan. Their markets are nowhere near as sophisticated and deep as the US. The one thing you do have to think about is cross border investment rules. If you become permanent resident, you become a fixture in the community, which may allow the local government to know about your foreign assets in the States.i'm pretty sure they wouldn't actually just close all their american accounts and just bank out of a belize bank that would be silly. it's probably the situation
Yeah, I'm planning to buy a house in the states in the next few years as well. Japan is a real country so they probably won't screw us. However, one bad earthquake could easily leave us homeless.