Streams

How to Retire Abroad

Wednesday, June 18, 2014

Kathleen Peddicord, founder of the Live and Invest Overseas Publishing Group and the author of How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad, talks about retiring abroad. Are you planning to retire in another country to save money? Have you found you can get more house for your money, inexpensive healthcare or other perks as a retiree somewhere else? Are there lifestyle or cultural benefits, too?

Guests:

Kathleen Peddicord

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Comments [14]

Fatimah from NJ

I am shocked that Ms. Peddiford could be in her business for 30 years and never come across indications that immigrants to the US are a primary population to retire abroad or back home. Any literature on immigration would suggest that many immigrants long to make enough money to be able to retire at home. Just turn on any ethnic cable tv station and you'll see ads to attract immigrants back home through well appointed, well priced real estate. This is a huge market, not to mention an important social and geoplitical issue.

Jun. 18 2014 01:54 PM
Estelle from Brooklyn

NYC is expensive. However, you're not car dependent here. That should count for a lot.

Jun. 18 2014 11:57 AM
Deborah O'NEILL from Manhattan

Dear Brian,
Oh I wish that I could plan to retire some place else! But frankly, I am commited to staying in NYC as long as Mom is alive. She has advanced dementia and it is difficult to plan even a vacation. Suffice it to say our retirement dreams of traveling to exotic destinations will have to be postponed indefinitely. I wish you had more programming on the struggles of caregivers as they deal wiith aging parents.

Jun. 18 2014 11:48 AM
khadija Boyd from Brooklyn

I am abroad! Retirement? Brooklyn, NY, occasional Irenes or Sandy's not withstanding. + magical seeing the sun rise from this shore, rather than sink into the ocean. Home? Originally, Morocco, always my native country and culture deep in my heart. USA, whereever I may roam. ;}}} ko My real home, here,

Jun. 18 2014 11:45 AM
jgarbuz from Queens

Tying all of this into the ongoing concern over "income inequality" which is usually the main topic of conversation over the last few years, the only way the working class can keep up with the money class is completely remove borders and eliminate nations, and allow people to live and work or retire wherever they want in the world at any time. Until people are as free to cross borders as capital is, all talk of "income inequality" is pure nonsense. The only cure for income inequality is freedom of movement for workers as it is for capital.

Jun. 18 2014 11:41 AM
mick from Inwood

Does the guest have any advice on how to PAY for medical care abroad? My wife's country, Peru, has good quality hospitals with many US trained doctors but it would take $40,000 to buy into their medicare program since neither of us have worked there for 10 continuous years. (Interesting that a "3rd World" country has universal health care while that is so contentious in the richest country in the world that it may not survive the current presidential administration!)

Jun. 18 2014 11:40 AM

My friend went back home to Ecuador for a visit--he loved it. His family doesn’t make a lot of $$, but they have all they need, and plenty of time to eat, to chat, to get together.

He doesn't get that here--he has to work all the time(!)

Jun. 18 2014 11:39 AM
Brooklyn Gal from Brooklyn

I love what Juan just said about retiring in Spain where people know how to enjoy life. My husband and I spent some time in Seville last autumn, and we were struck by the older folks enjoying life each and every night -- it was great to dine and dance with folks 50+ and not feel like the 'aging hipsters'...

Jun. 18 2014 11:38 AM
carolanyc from Bed-Stuy

What a nice surprise! I subscribe to Kathleen's e-newsletters and have her books, and am seriously considering retiring abroad; thanks to her, with a much better idea of what would be involved.

Jun. 18 2014 11:32 AM
Peg

What do residents of other countries think of Americans retiring outside of the US and then bringing the price real estate with higher income gentrification?

Jun. 18 2014 11:28 AM
Linda from East Village

I hear that large swaths of Baja California, as well as other areas in Mexico, are turning into de facto retirement communities with American-built housing developments going up at a rapid pace for Norte Americanos. Funny, I have long envisioned that one day we'll have a legally porous Mexican border, only I didn't foresee droves of North Americans heading south.

Jun. 18 2014 11:14 AM

Does anyone else feel the weight of the boomer retirement.

Jun. 18 2014 11:14 AM
Linda from East Village

I hear that large swaths of Baja California, as well as other areas in Mexico, are turning into de facto retirement communities with American-built housing developments going up at a rapid pace for Norte Americanos. Funny, I have long envisioned that one day we'll have a legally porous Mexican border, only I didn't foresee droves of North Americans heading south.

Jun. 18 2014 11:14 AM
mick from Inwood

If it does not come up, please ask the guest how to get health coverage when retiring abroad. Regular Medicare coverage only applies to US heath care providers and while some private medicare alternatives can be used overseas, but the ones I have seen are prohibitively expensive and/or have significant limitations on doctor choice, Medicare D coverage, etc.

Jun. 18 2014 10:57 AM

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