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To all of you Canadians out there who are counting your RRSPs, GICs, CPPs and every other acronym that represents your late-life freedom… it may be time to think about how realistic your retirement goals are. Freedom 55 may be a thing of the past, but what if it was possible to be free at 45, 35 or 25? It all depends on what retirement means to you and what goals you set for yourself, post 9-5.

Note: The detailed information in this article is based on the Canadian Government’s retirement policy only. However, the thoughts and ideas behind the article can apply to anyone, from any country! Also, no one article could possibly cover everyone’s situation. There are many different factors that can effect your retirement, how you are taxed and how you are expected to file. This article is simply a guideline and a series of ideas, anyone reading this should still take further steps, such as talking to a financial advisor and international accountant.

In this article, we’ll cover some ideas that might just help you bring your work-end goals a little bit closer, while shedding some light on important aspects of an early retirement. Before heading to your financial advisor and asking him / her what you have to do to retire, you should have a very good idea of where you want to live, what your lifestyle will cost, what your hobbies will be and of course… how much money you will have to spend each month.

It has been said that Canadians should save enough to receive at least 60% of their current income in order to maintain the same lifestyle in retirement. But if you live abroad, or tweak your lifestyle, you can likely live on just 25 – 30% of your current income quite comfortably. Financial advisors don’t often take into consideration the lower cost of living overseas. This article assumes that you are willing to live abroad in order to save money and experience a better life… today.

Let’s cover some of these thoughts in a bit more detail:

Know Where You Want To Live

As Canadians, you’re most certainly looking to move to warmer climates for a few months, or maybe for the entire year. But when you decide to head south, you should have a good idea of where you’re moving to and why. If you don’t plan to move outside of Canada, then you can pretty much ignore this thought, but keep in mind that living expenses in Canada can be as much as four times the cost of a similar lifestyle in a foreign country.

Beach Life

Don’t think that just because you’re heading to a developing country that you have to live any less comfortably than you are now either. Many towns, cities and villages around the world have large North American owned grocery chains, beautiful condo developments, Starbucks and gated communities, so if you really want to, you can have a very similar lifestyle to one in Canada at a fraction of the cost.

The question of where to live is so important that we’ve decided to break it down again into a few points.

  • What amenities do you need? When you’re living abroad, you’re going to want a few amenities from home. Even culture-loving, intrepid long-term travellers will want some western restaurants and grocery stores when they’re living overseas. Make sure that you’ll be comfortable and happy wherever you go. Luckily, there are hundreds of destinations with a high quality of life at a low-cost.
  • How long will you spend outside of Canada? This is especially important for those relying on Old Age Security (OAS) or Government Income Supplements (GIS) which are paid to citizens of Canada after the age of 65 (67 if your birthday is in 1958 or later). If you haven’t lived in Canada for 20 years or more after your 18th birthday, the Canadian government will only pay you OAS if you live in Canada for 6 months or more every year. If you just want to be a snow bird and skip the winters, you should have no problem because you’ll only be gone for half of the year. (more about OAS and GIS below)
  • Will you rent or buy? This is a difficult decision for many people looking to move overseas long-term and there are a lot of things to think about. Corruption, salt-water deterioration and general poor building practices can really decrease your property’s value over time, making investments in foreign countries a risky business. On top of that, there are often foreign ownership taxes and regulations that may keep you from owning your property outright. In our opinion, it’s almost always better to rent overseas. Keep your hard-earned money in a high-interest investment and bring in income from interest rather than potentially risky home equity. Also, factor in that many condo developments and apartments have costly management, home-owners association and STRATA fees that could be jacked up at a moment’s notice. All financial signs point to renting overseas, so make sure you do a lot of research before buying anywhere. If you do rent, you’ll also have the freedom to go to a new location whenever you want, without the financial weight of a mortgage payment.

There are many places in the world that have all of the amenities of home with a warm climate, security, friendly people and delicious food.

Some countries to consider living in include:

(Countries are in order from least to most expensive, but all are affordable)

Bali, Indonesia: Extremely cheap, friendly people, unique culture and lots of outdoor activities.

Guatemala: Beautiful colonial towns, temperate climate year round, safe (in some areas), lots of accommodation options, no jet lag, extremely affordable.

Thailand: Safe, great value for money, great food, smiling locals, plenty of activities above and below the sea, a wide range of accommodations for all budgets.

Mexico: Safe, comfortable, delicious food, wonderful culture, no jet lag and very affordable (outside of tourist towns like Playa del Carmen and Nuevo Vallarta). For more about living in Mexico, check out our article: Beyond The Resort: Experience The Real Mexico For Less.

For more ideas on affordable places to live, click here.

Find Out How Much You Will Spend Each Month

Whether you decide to live in Canada, Mexico or the UK, you’re going to need to know what your budget will be for your new retired lifestyle. The absolute best way to do this is to take at least a month off of work and do a “test run” in your desired destination. Keep in mind that one month apartment or condo rentals will be much more costly than long-term 6-12 month contracts, and your living expenses will decrease as you learn more about your surroundings and where to find bargains. A month isn’t a lot of time to completely figure out your budget, but it should give you a good idea of what you will spend in your dream retirement location.

You can break down your finances roughly into the following categories:

Accommodation: As mentioned earlier, you’ll be paying a higher rate for a short-term rental, so look around for long-term rentals to get a better estimate of what you would spend if you were to stay longer. In many places, a 6 month contract will cut the monthly cost in half when compared to a 30 day vacation rental. Find out how much a decent home will cost you. This will be your largest expense, and while you should always ensure that you’re comfortable, you should also try to find a bargain and don’t just go for the most beautiful beach property you look at. Try to find the most affordable place for your proposed lifestyle.

Food: You may be surprised how much you’ll save on groceries in developing countries. Fruits, vegetables, seafood and meat can be bought from local venders at a fraction of the cost that you would find the same items in Canada. Even alcohol is usually much cheaper overseas, due to the heavy taxes on liquor in Canada (example: Californian Wine: $15 in Canada, $3 in Hong Kong). Figure out what you spend on food each month and add it to your budget.

Entertainment: This will include everything from dinners out at restaurants to golf games and snorkel tours. After your one month trial run, you should have a pretty accurate estimate of how much it will cost you to have fun. If you’re the kind of person that needs to go golfing every day and eat out at a fancy restaurant every night, then you may see your retirement goals slowly sliding further away from your grasp. But if you’re content eating out once or twice a week and you enjoy free activities like laying on the beach, going for hikes and swimming in the sea, you’ll be surprised at how little money you can spend, while still having a blast!

Transportation: This should include your flight in and out of your desired country. Flying is a large expense, but when you break it down over a 6 month – 1 year stay, it’s really not that expensive. If you’re flying back and forth every couple of weeks, of course that will add up, but for the most part, your flight will be a relatively small portion of your budget. Also, keep in mind that if you’re staying for 6 months over the winter season, you can fly in during low-season, and return during low-season, meaning your flight costs will likely be cut in half. Your transportation budget should also include any travel expenses in-country.

If you decide to take a bus to a different city every week, keep track of how much you spend on them and add those costs to this budget at the end of the month. During your one month stay, it is unlikely that you will buy a car, but you can rent one instead to test out the costs. If you rent a car, keep track of gas prices and insurance.  Price out the cost of buying a cheap vehicle and decide if it would be worth it for your long-term stay.

Once you’ve spent a month in your dream destination, you should be able to put the costs from the above categories into a spreadsheet (we recommend Google Docs). This will give you a visual reference of your spending habits and something to go by when you’re moving onto the next point below.

Calculate Your Monthly Income After Retirement

This one is very important, but it’s third on this list because we believe that dreaming of your retirement destination and budgeting your lifestyle based on your cost of living should come first, because only with that knowledge can you accurately calculate your totals and figure out if your retirement goals are feasible.

One major rule for this step is to think about how much money you will have each month, not how much money you will lose if you choose to retire early.

The Canadian Government has come up with dozens of brilliant ways to keep you working until you’re 67 or older, and each decade the mirage of retirement is pushed further away from us into the horizons of our futures. Don’t let these stipulations blur your vision… if you take a 60% hit on your CPP by retiring early, but it’s still enough to live comfortably until your 90, don’t worry about all of that extra money that you’ll lose. The government wants you to worry about losing that cash so that you keep working until your 70. Then, when you do retire, they only have to pay you out for a few years before your imminent demise. It may sound morbid, but it’s true. Retire when you can and don’t worry about what could be or you’ll never get there.

Palm Island For Retirement?

Good News Canadians!

When Canadians turn 65, they can look forward to $567 / month in Old Age Security (OAS), and if your income after retirement doesn’t exceed $17,088 / year (individual income), you may also be eligible for $764 / month through an additional Government Income Supplement (GIS). That’s a total of $1,331 / month, which is already enough to live comfortably in many countries. Add your home equity, CPP, RRSPs or any other savings you may have, and retirement may be a lot closer than you think.

Note: Listed above is the maximum possible amount of OAS that can be paid to an individual. The full amount is given to those who have lived in Canada for 40 years after their 18th birthday. If you’ve lived in Canada for less than 40 years after your 18th birthday, you may qualify for partial OAS. With partial OAS, you’ll receive 1/40th of the full pension for each complete year you live in Canada after you turn 18.

Unlike CPP, you don’t have to pay into OAS to receive it, but you must have lived in Canada for at least 10 years after your 18th birthday to be eligible for any payment. If you choose to live abroad year-round during your retirement, it’s worth noting that you must have resided in Canada for at least 20 years after your 18th birthday. If you have resided in Canada for less than 20 years after your 18th birthday, your OAS payments will be cancelled after absences of more than 6 months from Canada.

SUMMARY OF OAS RATES AND BENEFITS

Maximum OAS, GIS and SPA Benefit Rates for October – December 2013 Maximum Monthly payment amount Maximum annual income to receive the OAS pension and benefits
Old Age Security (OAS) Maximum benefits $563.74 $114,815
Footnote 2 (individual income)
Guaranteed Income Supplement (GIS) amounts for individuals receiving a full Old Age Security (OAS) pension If you are a single, widowed or divorced pensioner $764.40 $17,088
(individual income)
If your spouse/common-law partner receives the full OAS pension $506.86 $22,560 (combined income)
If your spouse/common-law partner does not receive an OAS pension $764.40 $31,584 (combined income)
Spouse’s Allowance (SPA) (for pensioners from age 60 to 64) If your spouse/common-law partner receives the GIS and the full OAS pension $1,070.60 $31,584 (combined income)
If you are a surviving spouse or common-law partner $1,198.58 $23,016 (individual income)

The table was created using the information from Service Canada website (Jan, 3 / 2015)

Note: OAS payments are reduced for those who have a high income after retirement. If your income AFTER retirement (including pensions, RRSPs etc.) amounts to over $114,640 / year, then your OAS and GIS will be reduced to zero.

If you’ve lived in Canada for 20 years or more after the time you turn 18, you’ll be eligible for OAS and GIS when you turn 65 (or 67 depending on your current age). That’s something you can always rely on.

The Bottom Line: As a couple, Dariece and I live very comfortably in San Pancho Mexico on about $1,600 / month. We eat out at restaurants almost every day, drink plenty of wine, play the odd game of golf and live very well. A couple collecting only OAS and GIS would have more than $1,600 / month, so anyone that’s 65 should consider themselves sustainable.

If you want to retire early, you only need to budget for the years leading up to your 65th birthday. Want to retire at $45? Make sure your income will sustain you for 20 years until your 65 and then the government will pay for your lifestyle after that.

OAS & CPP are very different!

Canadian Pension Plan (CPP) is that nasty deduction you see coming off of your pay cheque on payday. You must pay into CPP to receive it, whereas OAS and GIS are paid for by the government with surplus tax revenue and are given to all Canadians, regardless of their employment history.

For the generation born in the 80’s or later, the dream of collecting our CPP that we’ve paid into for our working lifetime is becoming increasingly unlikely.

The Canadian Pension Plan (CPP) is surprisingly unstable and many experts believe that by the time that the 80’s born generation reaches the age of retirement, there may be nothing left for them. A recent poll of 370 Canadian plan sponsors by RBC Dexia found that 89% of people are pessimistic about the pension system’s ability to deliver in the future.

But don’t worry, this only means that you don’t have to waste your time and money paying into a fund that may not be there for you when you need it. Work overseas or online and put your money into investments that you can rely on.

Have a Financial Back-up Plan

Let’s say that all of your calculations and forethought for retirement fall through. Something disastrous happens and you end up with a lot less money than you thought. It’s a good idea to have something to fall back on, something that can make you money even when you’re old and frail.

If you find that you need to earn some money after you’ve retired, make sure it’s doing something you enjoy. Work isn’t really work if you’re happy doing it and you’re not stressing yourself in the process. If you like golf, consider picking up a few hours in a pro shop when you retire. If you enjoy web design, call up a few clients every once in a while and make some extra money on the side. As long as you’re enjoying what you’re doing, you’re still retired. Just make sure that you’re not going to return to a physically grueling or stressful job that won’t be healthy for you in your later years.

Retirement Money Savings Tip
Another great way to save money is to house / pet sit! It’s a great way to get free accommodation around the world, plus you get to live like a local, an enjoy the company of a furry friend. Most house sitters these days are retired folks, or young, location independent workers.

Click here to find out how we saved $24,000 in accommodation costs house sitting last year.

Make Sure You’re Covered For Medical

This is a huge worry for many people planning to retire and it really needn’t be. If you live in another country, you may be able to apply for a residency permit. With such permits, you are often eligible for in-country health care. For example, if you obtain a residency permit in China, you can then purchase Chinese health insurance in China with good coverage for as little as $10 / month.

If you choose to live in Mexico, you can also purchase monthly health coverage at a fraction of the cost of home. Mexico’s health and medical standards are comparable to that of the US & Canada.

For more about Health Care Plans in Mexico, Click Here.

Travel and Expat Insurance can be very pricey and if you can avoid paying for them, you’ll save a lot of money. It’s also worth keeping in mind that doctors visits, surgery and dental appointments often cost much less in developing nations. You may even be able to pay out-of-pocket for your medical expenses, but we recommend always having coverage in case something serious happens.

Provincial Health Care is Valuable & You’ll Lose it After 183 Days Outside Of Canada

For most provinces in Canada (aside from Ontario and Newfoundland) you must live in Canada for approximately 183 days in a year to continue your provincial health care coverage (medicare). After 183 days, you will have to return to Canada for at least 3 months to “reinstate” your medicare coverage.

Note: Health insurance regulations vary by country, and they even vary by province inside of Canada. If you are looking to rely on your national health care while living overseas, you should always contact your relevant government services to ensure that you are covered.

Decide if Retirement is Something You Want NOW!

Do you really want to retire now? Are you ready to quit working and fill your days with excitement, relaxation and exploration? Or do you love your job? Will you miss it when you leave? If you’re not ready to retire, then don’t. If you wake up every morning excited to go to work, then you’ve already achieved everything that you’ll gain from retirement. But if you’re stressed out, tired and your work/life balance is out of whack, it may be time to consider a change… no matter how old you are.

Retirement doesn’t have to mean you’re 65 and collecting pension. It just means that you’re doing what you want all day, every day and living where you want to.

With the wonder of the internet and a huge range of jobs that you can pick up overseas, there’s no reason why you can’t move into retirement, or a retirement-like lifestyle, right now. But you need to be sure that it is what you want in life.

Those who have worked for 40 or 50 years often worry about retirement because it is such a huge step. What will you do with all of your time? How will you feel without the status of your occupation? How will you keep healthy and active without working each day?

This is why it’s a great idea to do a 1 month test run. Get an idea of what it’s like to fill your time with leisure and outdoor activities and decide if it’s right for you. If you go away for a month and feel refreshed, renewed and reborn… maybe you’re ready for retirement. You may be surprised at how easy it is to fill your days with fun, and how quickly you forget about your fears of boredom. Humans are meant to be free, so moving from work to retirement is often a natural transition.

Golfing in San Pancho

No Fear, No Delays & No Regrets…

If you’re ready for retirement, or a shift into a freer lifestyle, then the time is now. If you keep putting it off, it will never happen. Start taking actionable steps towards your ultimate lifestyle now. Whether you’re 35 or 65, if you want to retire, you can make choices in your life to move closer to those goals. Try the 30 day trial retirement and get an idea if it’s right for you. Work out your finances and think of ways to make money overseas or online if you need to.

Canadians can breathe easy knowing that once we turn 65, the government will pay us enough money to sustain comfortable lives in beautiful paradises like Mexico, Indonesia, Thailand or Guatemala.

You may be asking yourself how a young (ish) travel writer can write in-depth about retirement. At 30 years old, I can honestly say that I feel retired. I’ve constructed a lifestyle that is financially sustainable long-term and even if I was 65 and collecting pensions, I’d be doing exactly what I’m doing right now. I’m very happy to say that through Goats On The Road, I’ve been able to help many people retire to a freer life and through this experience I’ve realized one thing… it’s always easier than you think. If you’re mentally ready, then you’re ready. Just go for it! Don’t worry about what you’ll lose by retiring early.

There’s always more money to be made, it’s only your time on this planet that is limited.

We’d love to hear your thoughts on this subject, share with us below!

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The Ultimate Guide To An Early Retirement

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Goats On The Road is a website designed to show people how to turn travel into a lifestyle. We cover everything from how to save money to travel tips, travel hacks and how to make money on the road. Follow us as we travel the world and share our findings with you.

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19 thoughts on “The Ultimate Guide To An Early Retirement

  1. Wow, some very helpful and in depth look at retirement abroad for us Canucks! I really like your suggestion about taking a 1 month test run! I’ve run into so many people that have taken the plunge and having returned within 6 months afterwards. Great article and will definitely pass this on to others

  2. I get the general context of your post, but what about when the internet changes, again? Sure, right now becoming “digital nomads” is a big trend because the internet has created new ways for the young and educated to make money. But history shows that this is often short term. Blogging will likely be gone in 10 years. I’m curious what you do about working visas? You can’t relocate to another country indefinitely without the proper paperwork? You can only avoid the tax man for so long. I like your attitude towards living with purpose and finding what works for you, but I just can’t buy this as a sustainable model for people that don’t want to make money on the internet.

  3. Awesome article, guys!! We’ve been thinking about where we will eventually retire and Mexico has come up several times. We’re from the US and can get pretty long visas without having to do extensions, visa runs, etc. However, SE Asia is less expensive and has better food (IMO)… Only time will tell, although I’m certainly not waiting until 55-65… 😉

  4. Hi Nick and Dariece,

    Very nice article on retirement indeed. I live in India and I’ve started seeing some communities come up here too where I find some foreigners living retired lives. Its still rare but the trend has started.
    Me and my wife love to travel too. We used to live in the US for the last 3 years and recently we moved back to India. I wanna see other countries too but problem is money.
    You’ve mentioned use the internet to find work and make money. Unfortunately for an Indian passport holder there are many restrictions for working in other countries. I can’t figure out how to get around this. Any comments or thoughts would be most welcome.

    Happy New Year!!!!
    Rohit

  5. This guide is FANTASTIC! We’ve only thought about retirement in the very back corners of our minds, but this guide is incredibly helpful and makes us want to start planning for early retirement right away, even though we’re not Canadian. You’ve done an amazing job breaking it down into easy, manageable chunks that make the planning and saving process so much less intimidating. Thanks for putting this together! Can’t wait to share it 🙂

  6. Hey Robert,

    Thanks so much for the comment and I’m glad you enjoyed reading it. I got that idea of the one-month test run from my father, who after taking a few test runs, is now looking to retire in Mexico. Pretty exciting 🙂

  7. Hi Paul,

    Thanks for the comment. The general context of this blog post is really, if you’re Canadian, you can plan your finances until you’re 65 and then the government can cover you for a comfortable lifestyle in some countries (like Mexico, Thailand etc.).

    Myself and other bloggers don’t need a working visa to work online and live in other countries because I’m not being paid by local businesses, my income is foreign as am I so I am on extended tourist visas or residency permits.

    I also am a non-resident of Canada for tax purposes (ie: no primary ties and don’t live in country 183 days or more / year), so I don’t have to avoid the tax man, he doesn’t apply to me.

    The making money on the internet was meant to just be a small suggestion and really didn’t have much to do with the article. It was meant to come across that you can do odd jobs that you enjoy if you really need money after retirement. People are often hesitant to take the leap and a small bit of security like that often helps for the big decisions.

    As a blogger by profession (it is our only source of income for the past few years), I would have to disagree that blogging is a fad. It’s been around since the beginning of the internet and so long as people want up-to-date information from reliable and relatable sources, blogging will continue to thrive.

    Seeing as blogging is a relatively new income source for this generation, I guess only time will tell if it is sustainable. I sure hope it is because we love it!

    Best of luck and thanks again for reading 🙂

  8. Hi Katie,

    Mexico (particularly PV in our opinion) is an amazing place for retirement. Canadians are also easily granted 1 year residency permits which is great!

    We personally love the food and it’s growing on us the more we learn about new regional dishes. Truly great food and you should give it another try 🙂

    It’s exciting to think that we can leave the hustle of home with a little savings and make a comfortable life overseas with a little bit of extra work on the side.

    I haven’t looked much into relocating to SEA other than living in Thailand for a couple of months / year but it’s definitely cheaper than the Yucatan Peninsula and the Riviera Nayarit / Jalisco in Mexico.

    Thanks for reading and happy planning!

  9. Hi Rohit,

    I know that it can be more difficult with an Indian passport but it is still doable. We have a couple of friends over at Bruised Passports who are making money online while travelling with Indian Passports, you should contact them and see what they say: http://www.bruisedpassports.com/who-are-savi-vid

    Canadians have a great government retirement program, but I don’t know how India’s is. I hope you have some support and I wish you the best in your travels… wherever you may be travelling!

  10. Hi Alexa,
    I put a ton of time into this article so I’m really glad you found it useful. I think the basis of it will work for any country, but the OAS and GIS is a Canadian retirement program that is pretty nice for us. Mind you, Dariece and I are 30 now and we’ve only lived in Canada for 6 years after our 18th birthday, so thus far we won’t be getting those government cheques at 67.

    I’m really glad you found it easy to read and I appreciate your constructive and thoughtful comment. Thanks a lot and happy planning!

  11. Looks like many Americans and Canadians will be finding out about places like Thailand and Ecuador when their meagre retirement savings aren’t enough for the overpriced north … I hope they like it!

  12. Excellent post! Very comprehensive – we went through all this stuff when leaving last year. One thing to consider is taxes; many forget that CPP and OAS is taxable. So whatever you’re getting, you may have to take 25-35% off the table. You mention CPP maybe not being around for younger people…our financial advisor warned us the same about OAS. I don’t know if that is a legitimate fear (financial advisors always uber conservative) but something to keep in mind.

    Insurances for Canadian Travellers: http://bbqboy.net/travel-insurance-canadian-travellers-sifting-facts-bs/. You guys helped me out early in the year on this post and might help complete the above picture.

    Costs of living; Interesting your costs In Mexico. We averaged out our costs over 3 months in Prague and it came to about $1400/mo – but that was because we had a super cheap apartment that cost $500/mo, Still, you can live there for about the same cost as in Mexico (approx $1600), mostly because food/booze/transport cheap. Bangkok/Hua Hin was more expensive, about $1900 expensive because a quality apartment (ie. Western standards) more expensive than most people would think. Most people wouldn’t believe that Prague is cheaper than Bangkok but the sites like numbeo prove it to be a fact. We are now in Nong Khai, northern Thailand and monthly costs running at about $1400/mo….so give and take a couple hundred dollars much the same between Mexico/parts of Thailand/Prague. Next year we’ll discover other parts of Eastern Europe which are supposed to be even cheaper.

    Anyway, fantastic post. Very useful.
    Frank (bbqboy)

  13. You’ve got that right! It’s so expensive in the north compared to other parts of the world. We prefer to travel to places where our dollar stretches 🙂

    Thanks for the comment!

  14. This is so amazing. I never thought about this before but definitely thinking about it now.. the only thing that would stop me from doing something like this is family and being away from them. My husband and I don’t have kids yet, but if we do have kids the oldest will probably be 20 by the time we’re 52.. lol at least this is some delicious food for thought 🙂 Thanks!!

  15. Its really deeply impressing that you are just proclaiming this lifestyle without ever considering that it actually relies on the fact, that you need people, that are not abe to retire: the guys that serve your pool place, the guys at the restaurant and so on and so on.
    It feels strange, doesnt it? People are fleeing in masses from Africa or the Middle East and you just want to go where People have less hopes and less opportunities and get some nice lifestyle out of their fate. Theres some deeply liberal thinking to be found…
    In other words: you proclaim the modern colonization of hedonists.

  16. Hey Guys! I really enjoyed and appreciated this post. As someone about to celebrate his 56th birthday here in Canada, the article rings pretty close to home. I have been thinking a lot about my retirement and have felt a bit distressed about the whole thing. My wife is quite a bit younger than me and not ready for the change, but I’m chomping at the bit. We also have a young family, so pulling up stakes with them is a big step that needs to be well thought out and researched. I have started a blog to eventually develop a stream of income to replace my current job. And your site has been a big inspiration to developing this new direction. Thanks so much for your inspiration, and continue doing what you do. And as an aside, San Pancho was already a place I was considering for a seasonal getaway. That was how I originally found your blog. Thanks again!

  17. Thanks for the great post. Although I’m living in Australia, a lot of the rules are similar. It’s interesting that the government here are now making it more difficult to retire overseas after 65/67 especially if, like me, you have not lived here for all your working life. Im pretty much factoring in that I’ll get nothing/next to nothing from them in my calculations by the time I’m eligible (2037)

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