Hi all,
This question may be a bit premature for some folk here, but is anyone planning or contemplating retiring overseas?
I'm not talking about retirement at age 60-70, but semi retirement at a much earlier age while "enjoying" passive income from your investments.
I am planning on doing this in about 5 years time and my target locations are either the east coast of Taiwan (Hualien) or semi rural Thailand. I can live like a king in both of these places on very moderate income and they are both westerner friendly in terms of services, health, lifestyle etc.
I have already discounted coastal Vietnam and also the Philippines.
My view, is that these places offer a much cheaper lifestyle compared to livnig in Australia, and to be frank, I am a little bit "lost" in what my thoughts of future Australia would be like.
Don't get me wrong, i love Australia, but the cost of living here and retiring here is getting uncomfortable for many people. In addition, there are the many issues relating to the lack of adequate health services, rising electricity costs, rising taxes to pay our accumulated debts/deficits etc. The main reason is the livng cost though.
I can have a very comfortable life on the east coast of Taiwan for about 30k Australian a year - and this is above average living conditions there. Health services and access to health is far superiour there, tax is at a minimal 6%, net access is super cheap and super fast, the climate is semi tropical, westerner facilities are available, english tele channels etc.
Anyway, is anyone else looking at "jumping ship" to another country to see out their twilight years? I'm curious to hear your thoughts or plans.
Thanks
g
This question may be a bit premature for some folk here, but is anyone planning or contemplating retiring overseas?
I'm not talking about retirement at age 60-70, but semi retirement at a much earlier age while "enjoying" passive income from your investments.
I am planning on doing this in about 5 years time and my target locations are either the east coast of Taiwan (Hualien) or semi rural Thailand. I can live like a king in both of these places on very moderate income and they are both westerner friendly in terms of services, health, lifestyle etc.
I have already discounted coastal Vietnam and also the Philippines.
My view, is that these places offer a much cheaper lifestyle compared to livnig in Australia, and to be frank, I am a little bit "lost" in what my thoughts of future Australia would be like.
Don't get me wrong, i love Australia, but the cost of living here and retiring here is getting uncomfortable for many people. In addition, there are the many issues relating to the lack of adequate health services, rising electricity costs, rising taxes to pay our accumulated debts/deficits etc. The main reason is the livng cost though.
I can have a very comfortable life on the east coast of Taiwan for about 30k Australian a year - and this is above average living conditions there. Health services and access to health is far superiour there, tax is at a minimal 6%, net access is super cheap and super fast, the climate is semi tropical, westerner facilities are available, english tele channels etc.
Anyway, is anyone else looking at "jumping ship" to another country to see out their twilight years? I'm curious to hear your thoughts or plans.
Thanks
g