You've seen articles like this one: 8 Countries Where $200K Will Last 30 Years of Retirement. Ecuador, Panama, Costa Rica, Malaysia, and Spain? On the euro? No problem, right? Spanish lessons are going swimmingly, and you've bought matching luggage for the first time in decades. Hold on! Don't pack your bags just yet. Let's set aside the sketchy 30-year math for a moment The article claims a couple's monthly expenses in Spain including rent are around 2,283 USD (2000 euros today). Assuming you're not paying off student loans, you can definitely get by on that in Spain with dollars to spare, even in metropolitan Madrid. So what's the catch? What these articles don't mention is that many countries, including Spain, have expensive visa requirements for stays over 90 days. For example, depending on the type of visa you want you might be required to make a property purchase that eats up that nest egg before you've even boarded your flight. Do your research and don't give up! How about one year in Spain with a student language learning visa? You can improve your Spanish at the same time you explore whether retirement in another country is for you. Who knows what you'll learn or who you'll meet? One possibility at a time, that's how to move to another country.
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Leslie H ColeBlogging and podcasting dreams straight to your armchair. Archives
April 2017
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