Early Retirement Planning - Retiring Overseas Should Be an Option

If early retirement planning in on your radar, do notDo the everyday things like going to the bank, doing
forget that retiring overseas costs a lot less than itthe laundry, cooking some meals at the apartment.
does in the United States. $2000 a month, and less,This conservative approach will keep you from
goes a long way toward living well in places likemaking an expensive mistake. Never buy real estate
Mexico, Ecuador, Uruguay, Panama and otheruntil you have lived there a year...always rent first.
countries.Retiring overseas will likely not be an option you hear
In Mexico specifically 1 million Americans have retiredfrom your planner...unless he or she has experience in
there with more being driven south by the poorthis area. I would suggest going on line and getting
economy in the US. Folks that have seen their 401K'ssome information there as a start.
tank...still want to retire...they are looking for lowerAgain, I caution you do not view living overseas
cost options and Mexico fits the bill.through the eye of a tourist. Lying on the beach in
It is safe with you 3 times more likely to be a victimCancun is fun but it does not give you the
of a violent crime in the US vs. Mexico. The healthday-to-day experiences that you will face living there
care is cheap, $270 per year will buy you Mexicanvs. being on vacation.
health insurance that covers everything, includingEarly retirement planning... make sure you examine all
prescriptions.the options before you say you I cannot afford to
If retiring overseas appeals to you I would suggestretire. It is much cheaper to live in a foreign country.
taking a long trip to your country of choice and rentEnjoy.
an apartment for a month, rather than a hotel room.