Aug. 24, 2025

S2E12-Passports, Pills & Pinot Noir (Relocating Outside The US)

S2E12-Passports, Pills & Pinot Noir (Relocating Outside The US)

PASSPORTS, PILLS, & PINOT NOIR Don and Gary are packin' their (imaginary) bags and dreaming of hammocks, happy hours, and healthcare that doesn’t cost a kidney. In this globe-trotting episode, the guys dive into the wild world of RETIRING...

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Season 2
PASSPORTS, PILLS, & PINOT NOIR

Don and Gary are packin' their (imaginary) bags and dreaming of hammocks, happy hours, and healthcare that doesn’t cost a kidney. In this globe-trotting episode, the guys dive into the wild world of RETIRING OVERSEAS—what’s awesome, what’s risky, and why Gary’s already researching beachfront property in a country he can’t spell.

They break down the pros and cons, the visa mysteries, and how to avoid accidentally retiring somewhere with no decent Wi-Fi (Don has priorities). With a suitcase full of resources, video clips, and way too many jokes about learning Spanish from telenovelas, it’s your guide to becoming an international man (or woman) of leisure.
Retirement never looked so good—or so funny.




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WEBVTT

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Hello, Hello, speak up, speak up?

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Huh, my mic is on you.

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I can hear you.

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I can barely hear you. Let me turn my let's

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see my volume. My volume's up. Say something, yeah, something,

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I'm not really hearing you. Really, pardon my reach.

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Well, I'm plugged in and the mic is on, so

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you can hear me?

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Okay? I can?

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Oh, now I hear you better? Okay? Is that okay?

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Now?

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I can hear you better?

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What'd you do?

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I touched it?

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I can hear myself.

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Can you hear me?

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Okay? I can hear you? Well, here, let me turn

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you up. I'm going to turn you up.

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Turn it out and see like right now, you're coming

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in very fuzzy.

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That's well, don't worry about that. That's okay, that's that's

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just the thing.

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The buffer it says actual recording is higher quality. Well

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that sounds about right.

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Listen. We can only hope. But can you hear me? Okay?

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Now, honey, that's all I do is so can you

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hear me?

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Okay?

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Yes?

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Okay? Is there a delay?

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No?

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Why did you take so long to answer? Then? Oh

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my god?

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Why do you Censor's a delay?

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No?

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I sense there's a delay in your tone. Do you

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have a problem with me right now?

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To No, you do, I'm good.

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Well, okay, here's the thing this. Guess what this is?

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See this right here?

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Why I know what you're pointing out the big black thing.

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Yes, that's a microphone. Guess what? I wasn't using it?

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Correct what?

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In previous episodes, caution to the wind on a Wednesday?

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On a Wednesday, how are you?

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Oh good? It's been a crazy stressful week.

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Stressful okay, work related because of what's going on out

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there with a certain thing called tariffs.

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Yeah.

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Yeah, so it's wreaking havoc. I can check one thing

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off my list real quick. Is that I talked about

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this before today. I went to the lawyer's office to

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sign my updated a living trust.

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Oh, good for you, Good for you. I'm just finishing that.

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I've signed everything and they notarize it and they'll just

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send me copies.

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Good and check that off the list.

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I was a project that I wanted to get done

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this year.

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Does it feel good to have that finished?

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Yeah?

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It does finally, because I just waited way too long

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to update it. I originally did my living trust in

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twenty eleven, so it only took me fourteen years.

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Well, I don't think you waited too long. I think

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it's good to actually finish it. I'm just doing the

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same thing, changing financial institutions for my portfolio and getting

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the last signature.

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It's done. So we're kind of running. You won you.

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Beat me well this time, but not keeping score, are we?

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I am?

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So we missed out on leading up coming out of April,

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then sing song It's gonna be May, and then had

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we record on Sunday.

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We could have said May the fourth be with you,

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but we didn't do that right. I knew you were

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way and did you celebrate singodamaya?

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No? I was working. I had things to do.

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But this week one was really fun because we went

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to the Beach Life Festival, which is basically a huge

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music celebration. I haven't done that before. It's very interesting.

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It's a very interesting group of people.

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I have to say.

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The ladies who rock were on force. We saw Lenny Kravitz,

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we saw an Alanis Morris set, we saw Susannah Hoffs.

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But you know who the superstar was. The superstar was

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Chrissy Hine from The Pretenders. She is seventy four years

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old and she had the most amazing set of music.

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She was like pumping that music out.

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She's a hard rock girl lady, sorry, hardler woman, and

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she just did Yeah she's but they have some hits

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for sure. But just the musicianship and the way she

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did it and how professional she was, it was amazing.

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And seventy four years old and she was cranking it out.

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It was amazing.

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And where was this hell?

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Over in Redondo Beach.

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It's a huge area over in Rodondo Beach called Beach

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Live Festival basically hosted by Sketchers, who were sold recently

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by four billion dollars just you know, because they're a

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local company here in Manhattan Beach.

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So yes, I know, but it was great fun.

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I do have some footage the ladies like to rock,

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and what I mean by that is all the ladies.

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I've got some posts of some ladies that are just

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going crazies dancing.

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It was it was fun. I mean it was fun.

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I don't know if I would do it again, but

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it was great to go. It's great to see live

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bands because I don't often see that.

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So what about you? How was your weekend? I know

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you had stressful work week, but what about the rest.

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Yeah, but I had a nice day.

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Sunday was a beautiful day out weatherwhy so I went

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to Golden Bay Park. I re Sunday to have free

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concerts in the band show, so listen to music. There

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were Polish dancer in groups there, so it was fun,

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and I went.

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Into the museum. So I just kind of made an

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afternoon of just being out and about in the park.

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So it's nice.

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And then coming up on Mother's Day this weekend, so

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we're getting together with my mom and some other folks

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for a Saturday dim Sum brunch the day before Mother's Day.

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Oh yeah, I miss dim sum. Good dim sum? Yeah,

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I need some.

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Yeah, So that's what's been going.

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On, So give me some dim thumb.

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Yes. So do we want to talk about what we're

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going to talk about?

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Sure, this was your idea. That was a great one.

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So what we're going to talk about this week is

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retiring overseas and what that means. We're also going to

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talk very briefly about our new website and the relaunch

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of our Facebook page first, but eventually we're going to

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circle back retiring overseas and all the benefits why it's

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so popular right now, white people are really I guess

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would you say, they're really gravitating towards doing this?

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Gary, is there a lot of it happened?

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There is a lean towards that, but there's also some

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challenges that get brought up.

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So we'll talk about the pros and cons.

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Yes, the pros and cons.

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And yeah, where you're able to do it?

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Okay, So yeah, we're going to talk about that. It

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seems I know actually a few people that I've worked

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with in the past who have actually gone and done this,

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And there are a few websites I want to mention

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that are actually really helpful and good resources for that.

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If you're interested in doing so.

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So you'll be back in a minute. All right then, okay,

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then anyways, sorry, we're We're welcome to don and Gary

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Doing sixty. We're here to unwrap, unpack, and navigate the

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world at.

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This age.

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Listen.

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We want to talk very briefly about our new website.

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We're very excited. It's hosted by pod Page. The website

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is basically your all in one shopping point for Donn

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and Gary Doing sixty. You can leave feedback that will

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go directly to Spotify and Apple pod Podcasts you can

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actually leave reviews. We have a blog on there. And

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also what's really exciting is we have voicemail, so I'm

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really looking forward to having people leave us some voicemails. Also,

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our new Facebook page has been relaunched at a new

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basically addressed and I'll post that here and also in

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the credits later.

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But on with the show, Gary, Let's do it. Let's

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do it?

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So, yes, well, before we talk about living abroad or

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retiring abroad.

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Yes, I may have mentioned this in a previous episode.

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But when I was pulling all this different information, one

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of the articles that came up was what are the

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there's always top ten lists of everything, right, so this

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was the top ten list of happiest countries. So have

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you like thinking, if I don't want to continue living

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in this country.

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Where do I want to live?

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And there's different resources out there, And this I thought

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was interesting was they do this. It's called the World

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Happiness Report and for twenty twenty five. So these numbers

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are based on studies or data they collected in twenty

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twenty two through twenty twenty four, and they list, you know,

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on a scale one to ten, rate these things in

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your life, and they look at such things as GDP,

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the gross domestic product per capita, a healthy life expectancy,

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social support, or having someone to count on so you're

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not getting isolated, freedom to make key life decisions, perceptions

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of corruption in government and business. So they look at,

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you know, what makes you happy and what is your

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life like? And so here the top ten, and two

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of them are on the top ten list for the

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first time, Mexico and Costa Rica. Mexico came in number ten,

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number nine, Luxembourg, Israel, Norway number seven, Costa Rica number six,

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first time on this top ten list. Netherlands, Sweden, Iceland,

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Denmark and the number one country happiest country for the

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eighth year in a row Finland. Finns are currently living

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in Finland Denmark areas. That's where you're going to be

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the happiest. The least happiest number one forty seven. The

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bottom of the list Afghanistan for the sixth consecutive year. Yeah,

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and there's you know, several other countries above that. But

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I said, well, where does the US rank. Well, they

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started this collecting of data in twenty twelve, so that's

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the first year they did it.

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At that time, the US.

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Was number eleven, So like, all right, we're at the

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top ten, but we were number eleven.

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Now we're number twenty four, so we've dropped a few pegs.

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So I thought that was interesting.

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But what prompted this reason for having this conversation was

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I saw a short interview on CBS Sunday morning. It's

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about a retired American couple. They are from Medicino County

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in California, Northern California.

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And they're both retired.

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I think a lot of folks like based on what

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I have now in terms of money, you know, the

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people in my life, my support system, whatever, do I

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continue living here or is there's something more better out

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there somewhere.

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And of course some people have traveled.

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In their years, and I really love Italy, I really love,

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you know, somewhere in South America. They might have a

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destination that is their go to they like to visit,

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but would they consider living there. And there's a lot

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of resources out there that give you the pros and cons.

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So this particular couple, I guess they travel. They ended

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up moving to Gozo, an island of Malta in the Mediterranean.

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So it's not allowed, you know, it's not the London's,

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it's not the Paris, it's not the whatever. But they

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found this and the reasons why they liked it was

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a low cost of living. They said, if they only

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relied on the income they get from solid Security, they

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wouldn't be able to live in the US to sustain

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their lives. I'm in California, expensive state. But they did

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keep their house in Mendocino, so they rented out. So

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the money they get from the rental plus solid security

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allows them a fairly comfortable life in this island called Goozo.

239
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They do have to, you know, get their own healthcare

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as private insurance, but it's less than Medicare.

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In the US.

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Right.

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But depending on where you live.

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They talk about some things that could be a con

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and one could be like a language barrier if they

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found that challenging. So depending on where you choose to live,

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if you don't speak another language or the language of

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that country, that.

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Could be couldn't that be part of them that was

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processed though, to learn the language. I mean that's part

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of assimilating into a new country. I mean, you can't

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just assume everything's going to speak English, right exactly?

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Right?

254
00:11:36.440 --> 00:11:39.279
Yeah, for sure, No, I mean, and we'll get into

255
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the different things they talk about how they decide whether

256
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or not this is the right place. Well, and obviously

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you have to have gone there at least a visit

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and maybe multiple times, because just because you went there

259
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one time and had one fabulous two education doesn't mean

260
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you're going.

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To automatically move there, right, So that was their story.

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There was another woman who from the US moved to

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Italy in her twenties and it didn't say what it

264
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was for a work or study, but she was there

265
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in her twenties, liked it, but at some point she

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said the slower pace of life in Italy didn't agree

267
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with her. She wanted to, you know, be doing things,

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and it was you know, the culture is different.

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Obviously the language she says.

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They said, in the specific case of Italy, the houses

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are very small, so they're not meant for people to

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hang out their house and have parties. So they're always

273
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going out. They're out about at the bar, at the restaurant,

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at the beach, at the park, whatever. And she's like,

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what come on, does this hang out at the house

276
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and so certain things just don't agree with her.

277
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But how old was she?

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Again, Gary well, she moved Italy in her twenties.

279
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It doesn't say how old she is now, but I

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guess she reached a compromise. She's able to live there

281
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for maybe six months of the year and in the

282
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US for six months of the year, so she can

283
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kind of have a balance where when she's feeling a

284
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little tightly wound in one country, she'll just go back

285
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to another home. I mean not everyone can do that, right,

286
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I mean, for some of us, if we're going to

287
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up and move, we're going to like sell our home

288
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because that's going to help in our retirement to live

289
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our new life.

290
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So Edwin's got a different story. Before I go on, did.

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You have Well, yeah, because I just wanted to comment

292
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on this person, because you know, it's interesting as Americans

293
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traveling to other countries, we are very much accustomed to

294
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certain ways of living, and I would say that traveling

295
00:13:26.799 --> 00:13:28.960
to anywhere in Europe, you're not going to have anywhere

296
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close to the same. And I don't mean this in

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any way disparaging, but the size of homes in the

298
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States is much larger always for the most part, to

299
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city living in any major European city, for example France,

300
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if you're in Paris, and you've been to Paris a

301
00:13:45.480 --> 00:13:48.399
number of times. Apartments there are very small, and the

302
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idea is that you're not supposed to spend a ton

303
00:13:50.960 --> 00:13:53.799
of time locked up in your apartment. And you know,

304
00:13:53.960 --> 00:13:57.360
there's so much to see in Europe, in Paris, in Spain,

305
00:13:57.960 --> 00:14:00.879
there's no in Italy too. I mean, there are definitely

306
00:14:00.960 --> 00:14:04.000
nice villas to live in, but if you're living city life,

307
00:14:04.080 --> 00:14:05.879
you should be getting out and doing stuff.

308
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It can't be just.

309
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That you're sitting in your palatial McDonald's mansion that are

310
00:14:10.840 --> 00:14:13.720
being built everywhere in the States. So I mean, I

311
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can see how it's not good for everybody. But you know,

312
00:14:17.000 --> 00:14:19.360
being realistic when you go to Europe is that there's

313
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going to be a very different way and I don't

314
00:14:21.799 --> 00:14:24.879
mean standard, just a different way of living. If you're

315
00:14:24.879 --> 00:14:27.279
not open to that, I think it's a challenge to

316
00:14:27.320 --> 00:14:30.519
go over there. If you're not open to change or challenge,

317
00:14:30.559 --> 00:14:34.200
like ready to make that accommodation, it's important that you're

318
00:14:34.240 --> 00:14:36.519
ready for it. Side note, I did see the same

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00:14:36.559 --> 00:14:39.559
sixty minute special of the couple. It was very interesting

320
00:14:39.600 --> 00:14:42.039
to watch because I think they looked like a very

321
00:14:42.120 --> 00:14:44.399
nice couple. And they seemed like they had found their

322
00:14:44.559 --> 00:14:48.440
vibe in Yeah, what was the place called? Again, I

323
00:14:48.480 --> 00:14:49.879
forgot where.

324
00:14:49.679 --> 00:14:53.519
They moved to, said, Gozo is an isle of Malta

325
00:14:53.639 --> 00:14:54.559
in the Mediterranean.

326
00:14:54.840 --> 00:14:56.240
Yes, which looked amazing.

327
00:14:56.320 --> 00:14:59.600
Actually, yeah, I think you know.

328
00:14:59.720 --> 00:15:02.320
For the it was like they want to enjoy life,

329
00:15:02.480 --> 00:15:04.919
you know, yeah, go you know, sit in a plaza

330
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and have a glass of wine, or go for a

331
00:15:06.759 --> 00:15:10.080
walk or do whatever. When we talk about pros and cons,

332
00:15:10.240 --> 00:15:12.840
here's a list of things that had come up that'll

333
00:15:13.960 --> 00:15:16.080
come up when you're trying to decide can I do

334
00:15:16.200 --> 00:15:18.720
this or do I want to do this? And things

335
00:15:18.720 --> 00:15:21.960
to consider, and in no particular order, but your financial status,

336
00:15:22.039 --> 00:15:25.519
like obviously if you're going to live somewhere else, well

337
00:15:25.519 --> 00:15:27.200
whether you live, you know, retire in the States or

338
00:15:27.240 --> 00:15:29.120
live somewhere else. How much savings do you have, do

339
00:15:29.159 --> 00:15:30.320
you have a retirement account?

340
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How much debt do you have?

341
00:15:31.759 --> 00:15:33.840
If you have like a home, are you going to

342
00:15:33.879 --> 00:15:35.960
keep it and rent it out or are you going

343
00:15:36.000 --> 00:15:38.600
to sell it and use that towards your retirement? Depending

344
00:15:38.639 --> 00:15:41.080
on what country you're going to our visas required, is

345
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there a language barrier?

346
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Also?

347
00:15:43.440 --> 00:15:45.879
For example, you like going to Palm springs because you

348
00:15:46.000 --> 00:15:48.600
like the heat. So depending on where you're going, if

349
00:15:48.600 --> 00:15:53.159
it's too tropical or too you know, the dry heat,

350
00:15:53.600 --> 00:15:56.200
or it snows, whatever it is, you have to be

351
00:15:56.480 --> 00:15:58.799
agreeable to that or know that you're going to have

352
00:15:58.840 --> 00:16:02.120
to flex your you know, schedule if the climate comes

353
00:16:02.159 --> 00:16:04.919
in issue cost of living, if we have to compare,

354
00:16:04.960 --> 00:16:07.720
like how far is our money going to go there

355
00:16:07.879 --> 00:16:09.759
versus here? A couple we talked about they had to

356
00:16:09.759 --> 00:16:12.679
get private insurance for them. What they found was it

357
00:16:12.759 --> 00:16:14.559
was less expensive than if you were to.

358
00:16:14.519 --> 00:16:15.399
Get medicare here.

359
00:16:15.639 --> 00:16:17.879
They found an apartment it was seven hundred and fifty

360
00:16:17.919 --> 00:16:20.200
dollars per month. Where's that going to happen here in

361
00:16:20.200 --> 00:16:20.679
the States?

362
00:16:21.480 --> 00:16:23.600
And I saw that apartment. I saw a shot at

363
00:16:23.559 --> 00:16:26.120
the apartment where they live. It's a I'm sure it's

364
00:16:26.159 --> 00:16:28.720
a very different standard than what they're used to in

365
00:16:28.759 --> 00:16:32.360
Mendocino because it was a very European apartment. I saw

366
00:16:32.480 --> 00:16:34.480
a shot of it, so it's a little more simple.

367
00:16:34.799 --> 00:16:37.399
It probably is a laundry in the kitchen, all those

368
00:16:37.399 --> 00:16:40.480
things that most of European homes have. So I mean,

369
00:16:40.600 --> 00:16:42.919
I think they did make an adjustment, but they seemed happy.

370
00:16:43.120 --> 00:16:46.399
Yeah, they did so, and you know, they also talk

371
00:16:46.480 --> 00:16:49.879
about are you the type of person that is going

372
00:16:49.960 --> 00:16:51.919
to like if you move into the place, just kind

373
00:16:51.960 --> 00:16:54.080
of like settle in as they appear to have done.

374
00:16:54.279 --> 00:16:57.679
They settle into that community and they're happy. So their

375
00:16:57.720 --> 00:17:01.240
expenses aren't really high. Are are you the type that, oh,

376
00:17:01.240 --> 00:17:04.559
I want to travel? Once you're in Europe, for example,

377
00:17:04.640 --> 00:17:06.640
there's so easy to go by train to all the

378
00:17:06.680 --> 00:17:08.920
different country Are you going to spend your time traveling? Well,

379
00:17:08.920 --> 00:17:12.000
then you're going to have to plan for higher retirement

380
00:17:12.400 --> 00:17:15.119
money in order to keep up that lifestyle, right, So

381
00:17:15.279 --> 00:17:17.519
you have to plan ahead of how much money do have?

382
00:17:17.839 --> 00:17:19.880
How much do I plan to spend? So how much

383
00:17:19.920 --> 00:17:21.960
do I need? And we talked about the political climate

384
00:17:22.039 --> 00:17:24.200
and safety for something for some people?

385
00:17:24.240 --> 00:17:25.960
Are are you going to buy or rent when you

386
00:17:26.000 --> 00:17:26.799
get there? Right?

387
00:17:26.880 --> 00:17:30.440
And because can't always be easy? I remember you fantasize

388
00:17:30.480 --> 00:17:34.400
the movie that I mentioned to you before, Under the

389
00:17:34.480 --> 00:17:35.960
Tuscan Sun with Diane Lane.

390
00:17:36.160 --> 00:17:36.359
Right.

391
00:17:36.839 --> 00:17:39.680
She was just traveling on a tour group through Tuscany

392
00:17:40.160 --> 00:17:42.160
and the bus stopped in front of a house that's

393
00:17:42.160 --> 00:17:44.759
set for sale, and it's something spoke to her, so

394
00:17:44.759 --> 00:17:47.000
she got off the bus ended up buying the house

395
00:17:47.119 --> 00:17:49.319
and it need a lot of work, so and you know,

396
00:17:49.400 --> 00:17:52.359
it's just it was unexpected things that came up that

397
00:17:52.519 --> 00:17:54.559
if you're in a foreign country, it's not you can

398
00:17:54.640 --> 00:17:57.440
just call your contractor and have them come right away

399
00:17:57.480 --> 00:17:57.920
and fix it.

400
00:17:58.000 --> 00:17:58.160
Right.

401
00:17:58.240 --> 00:18:01.640
So there's all kinds of there be able to go through.

402
00:18:01.720 --> 00:18:04.039
So definitely a lot of pros and cons to think about,

403
00:18:04.200 --> 00:18:06.359
but a lot of it has I think has The

404
00:18:06.400 --> 00:18:08.759
main thing has to be on your financing of it.

405
00:18:09.079 --> 00:18:11.920
Can you afford to do it? Absolutely, We've talked about.

406
00:18:11.960 --> 00:18:15.759
Like I, when I retire, do I keep my place?

407
00:18:16.240 --> 00:18:18.200
Do I sell it and move somewhere else where? Am

408
00:18:18.200 --> 00:18:19.480
I going to move? I don't really want to move

409
00:18:19.480 --> 00:18:21.480
out of the area because my family and friends are here.

410
00:18:21.640 --> 00:18:23.680
So there's a lot that goes into it, and that's

411
00:18:23.759 --> 00:18:25.519
kind of something I'm kind of struggling with.

412
00:18:25.640 --> 00:18:27.279
I'm trying to figure out what I want to do.

413
00:18:27.720 --> 00:18:28.079
Mm hmm.

414
00:18:28.200 --> 00:18:32.039
There's I think another time we'll talk about retirement facilities

415
00:18:32.119 --> 00:18:34.920
or senior communities. I think we'll talk about that separately,

416
00:18:34.960 --> 00:18:38.720
but that's another consideration. But depending on where that facility is.

417
00:18:39.279 --> 00:18:41.799
I've looked just to hear it in California, and they

418
00:18:41.839 --> 00:18:43.240
are super expensive.

419
00:18:43.559 --> 00:18:45.400
Let's tie into that a little bit too, because I

420
00:18:45.440 --> 00:18:47.920
was looking at all the pros and cons myself, and

421
00:18:47.960 --> 00:18:52.160
I think one of the biggest factors is healthcare. Yeah,

422
00:18:52.279 --> 00:18:54.960
so just so you know, the United States has the

423
00:18:55.000 --> 00:18:58.519
most expensive healthcare in the world. It's the most expensive

424
00:18:58.720 --> 00:19:02.160
anywhere you can go. So that in itself is a

425
00:19:02.240 --> 00:19:05.319
huge determining factor for many people. But there's other things

426
00:19:05.359 --> 00:19:09.519
to remember that. For example, when you're going there like

427
00:19:09.559 --> 00:19:12.680
this this couple that you mentioned, they had to go

428
00:19:12.759 --> 00:19:17.880
and get their own independent health care locally, but because

429
00:19:17.880 --> 00:19:20.960
the costs are so prohibitive in the States, it's still

430
00:19:21.039 --> 00:19:24.720
less expensive than having your health care in the United States,

431
00:19:24.720 --> 00:19:27.440
which is always not always that great to begin with.

432
00:19:27.799 --> 00:19:31.519
It's also very expensive, and if there's anything catastrophic happening,

433
00:19:31.880 --> 00:19:34.200
you have this huge cost that you in debt you

434
00:19:34.240 --> 00:19:37.400
can go into just to treat. Many of the countries

435
00:19:37.440 --> 00:19:40.440
that people are moving to are basically socially run, so

436
00:19:40.480 --> 00:19:44.000
there's a social program where the healthcare is basically free

437
00:19:44.079 --> 00:19:45.400
if you're paying into it.

438
00:19:45.519 --> 00:19:47.799
So that's I think that's a major factor.

439
00:19:48.119 --> 00:19:51.920
The other thing is taxes as a citizen of the

440
00:19:51.960 --> 00:19:55.000
States and going to get a citizenship in another country.

441
00:19:55.359 --> 00:19:59.839
You're still expected to pay taxes when you get your

442
00:20:00.079 --> 00:20:03.480
Social Security, so you'll be getting taxed on whatever you

443
00:20:04.200 --> 00:20:06.400
bring in monetarily to the country.

444
00:20:06.559 --> 00:20:07.680
You could also be taxed.

445
00:20:08.160 --> 00:20:10.559
You're being taxed in the States to begin with, then

446
00:20:10.559 --> 00:20:12.599
you're being taxed in the country.

447
00:20:12.400 --> 00:20:13.079
That you go to.

448
00:20:13.440 --> 00:20:15.519
So there's a couple because you also have to contribute

449
00:20:15.559 --> 00:20:17.720
some money to the country that you're living in. So

450
00:20:17.839 --> 00:20:20.599
that's another factor that people need to take a look at.

451
00:20:20.720 --> 00:20:24.119
And then social Security itself. Yes, you can absolutely take

452
00:20:24.119 --> 00:20:26.160
your Social Security. You never lose it if you leave

453
00:20:26.200 --> 00:20:28.920
the States, but it has to be mailed to you,

454
00:20:29.279 --> 00:20:31.039
so you have to make sure that you're accessible to

455
00:20:31.079 --> 00:20:32.119
getting Social Security.

456
00:20:32.240 --> 00:20:34.079
So I mean those says.

457
00:20:33.799 --> 00:20:37.000
You can have it electronically deposited, you know, tract deposit

458
00:20:37.119 --> 00:20:40.599
into an account that has that an overseas connection or

459
00:20:40.680 --> 00:20:43.519
whatever country you're in. And when we keep timing with Europe,

460
00:20:43.559 --> 00:20:45.319
and it could be you know, Central South.

461
00:20:45.160 --> 00:20:47.920
America absolutely, And I just haven't made me anywhere, right,

462
00:20:48.240 --> 00:20:51.200
And I have a list of the top high quality

463
00:20:51.200 --> 00:20:54.759
medical services in each country so that this is just

464
00:20:54.799 --> 00:21:02.119
not in a specific order, but Columbia in South America France, Ireland, Italy, Malta, Spain,

465
00:21:02.279 --> 00:21:05.519
and Thailand. Believe it or not, how one of the

466
00:21:05.519 --> 00:21:11.480
most yes, some of the best healthcare programs. Okay, yes,

467
00:21:11.559 --> 00:21:14.559
so I mean I didn't think Thailand, but I assumed.

468
00:21:14.160 --> 00:21:15.880
Spain, Portugal, those kinds of places.

469
00:21:16.079 --> 00:21:19.319
I didn't think about Colombia, and I definitely didn't think about,

470
00:21:19.920 --> 00:21:22.200
like I said, Thailand, So you know, there is a

471
00:21:22.200 --> 00:21:24.759
lot of places. Just real quick note. I was listening

472
00:21:24.759 --> 00:21:28.160
to a podcast this morning. Isaac Mssrahi used to have

473
00:21:28.160 --> 00:21:31.200
a podcast. He was speaking to Belinda Carlisle of the

474
00:21:31.240 --> 00:21:34.400
Go Gos. Did you know that she has actually not

475
00:21:34.480 --> 00:21:37.279
lived in the States for many, many years. She has

476
00:21:37.359 --> 00:21:41.240
lived a very a very long time in Indonesia and

477
00:21:41.359 --> 00:21:45.119
in France, and now she's currently living in Mexico City

478
00:21:45.359 --> 00:21:47.640
and she only comes back to the States to do

479
00:21:47.720 --> 00:21:49.720
performances with the Go Gos or if she has some

480
00:21:49.839 --> 00:21:52.759
kind of commitment socially. But she hasn't lived here for

481
00:21:52.799 --> 00:21:55.839
one hundred years and she really loves it actually, So

482
00:21:55.920 --> 00:21:57.960
I just thought that's an interesting person to call out.

483
00:21:58.160 --> 00:22:01.039
Well, you know, since you're on that conversation, I was

484
00:22:01.079 --> 00:22:04.799
thinking about why people choose to leave the US to

485
00:22:04.880 --> 00:22:07.440
move somewhere else. You mentioned a couple of ideas, is

486
00:22:07.480 --> 00:22:11.319
you know, they just maybe they really enjoyed spending time

487
00:22:11.440 --> 00:22:14.279
vacationing in X country and you know if they went

488
00:22:14.359 --> 00:22:16.759
multiple times, like you know what, when we retire, let's

489
00:22:16.759 --> 00:22:20.440
consider moving here. So there's that, right, So there's something

490
00:22:20.759 --> 00:22:24.359
drawing them to another country for like an easier life,

491
00:22:24.359 --> 00:22:27.759
a quieter life, you know, not so frenetic as it

492
00:22:27.799 --> 00:22:29.880
is here, as it has been here. And some are

493
00:22:30.519 --> 00:22:35.079
politically motivated. When a certain person was possibly going to be,

494
00:22:36.039 --> 00:22:39.000
you know, winning the presidency, someone said, if this person wins,

495
00:22:39.599 --> 00:22:44.720
I'm leaving the US. Some did, right, ye Generous moved

496
00:22:44.759 --> 00:22:46.200
to Ireland.

497
00:22:46.319 --> 00:22:49.599
I believe Rosie O'Donnell moved to Ireland. I believe. I'm

498
00:22:49.599 --> 00:22:51.599
not sure where Ellen went. Where did she? Did she

499
00:22:51.640 --> 00:22:52.400
go to Ireland too?

500
00:22:52.599 --> 00:22:52.799
Well?

501
00:22:52.960 --> 00:22:56.480
There there were photos of her in Ireland. Maybe she

502
00:22:56.519 --> 00:22:59.000
doesn't live there, but anyway, but that's just you know,

503
00:22:59.039 --> 00:23:02.799
one example. But we'll say that George Clooney has a

504
00:23:02.880 --> 00:23:05.920
home in Italy La Cuomo, that he's lived there for

505
00:23:06.039 --> 00:23:09.440
years and it wasn't politically motivate. I think this's like

506
00:23:09.640 --> 00:23:11.400
they just didn't want to be stuck in the rat

507
00:23:11.480 --> 00:23:15.319
race of Hollywood and you know, California, and they just

508
00:23:15.359 --> 00:23:17.480
wanted to He had the money and they had, you know,

509
00:23:17.880 --> 00:23:20.000
a nicer lifestyle to raise their family there.

510
00:23:20.079 --> 00:23:22.640
So they did it for different reasons. And that's his

511
00:23:22.759 --> 00:23:23.079
main home.

512
00:23:23.119 --> 00:23:25.319
We may, you know, obviously they could have multiple homes,

513
00:23:25.319 --> 00:23:26.920
but that's the one he lives in most of the time.

514
00:23:27.279 --> 00:23:28.559
And I think you've been invited.

515
00:23:29.279 --> 00:23:31.240
Well, no, he and I don't speak anymore because we

516
00:23:31.319 --> 00:23:33.519
broke up and I've got a restraining order on it.

517
00:23:33.519 --> 00:23:35.359
It's a long story. We can't go We'll do that

518
00:23:35.400 --> 00:23:38.960
on another podcast. But to your point, to your point

519
00:23:39.039 --> 00:23:41.640
like change of pace and new experiences, I think that's

520
00:23:41.680 --> 00:23:43.960
a really big thing because you know, if you're living

521
00:23:44.079 --> 00:23:46.640
who knows where you're living in the States, but change

522
00:23:46.640 --> 00:23:49.599
of pace, I mean adjusting to a European life or

523
00:23:49.640 --> 00:23:52.920
a South American life or a life in Mexico, very

524
00:23:52.920 --> 00:23:56.680
different things. So I think your mindset has to be prepared.

525
00:23:56.799 --> 00:23:59.720
And of course you said you've had to visit first,

526
00:23:59.759 --> 00:24:02.440
but I think sometimes it's a little more difficult for

527
00:24:02.640 --> 00:24:06.039
older people to make that adjustment. So you've really got

528
00:24:06.039 --> 00:24:09.400
to be prepared in your mind to be open to

529
00:24:09.519 --> 00:24:12.000
these changes. The other thing that comes up with a

530
00:24:12.119 --> 00:24:15.440
change of pace and new experiences is your family. Does

531
00:24:15.480 --> 00:24:18.119
your family will they be able to come and visit you.

532
00:24:18.519 --> 00:24:21.480
I think this couple in the sixty minutes piece, they

533
00:24:21.519 --> 00:24:22.920
said they couldn't get rid of their family.

534
00:24:22.920 --> 00:24:25.599
They kept visiting them, right, So it's a double edged

535
00:24:25.640 --> 00:24:25.920
sit No.

536
00:24:26.400 --> 00:24:28.319
In that same story, there was another woman who they

537
00:24:28.359 --> 00:24:30.799
interviewed in the same story that she also lived on

538
00:24:30.799 --> 00:24:33.079
the same island, and she's the one that said, don't

539
00:24:33.119 --> 00:24:35.000
you get lonely because she moved there by a Sasha like, no,

540
00:24:35.000 --> 00:24:36.559
why people are visiting like every week?

541
00:24:37.000 --> 00:24:39.799
So and I was very impressed with that woman too

542
00:24:39.799 --> 00:24:42.920
because she did this on her own. But again back

543
00:24:42.960 --> 00:24:45.440
to the other point, she's open to new experiences.

544
00:24:45.519 --> 00:24:47.160
She was ready for a change.

545
00:24:47.640 --> 00:24:50.119
And as you mentioned with George Clooney, my you know

546
00:24:50.319 --> 00:24:52.559
George Clooney and I, well we can't talk about that

547
00:24:52.599 --> 00:24:56.079
on sure, but it's a change of it's a brand

548
00:24:56.160 --> 00:24:59.599
new experience. So in many ways it's something that's really

549
00:24:59.599 --> 00:25:02.960
eye open. It can definitely be revitalize you if you're,

550
00:25:03.319 --> 00:25:04.920
as you said, get out of the rat race of

551
00:25:04.960 --> 00:25:07.759
living in the city or the mundane life of living

552
00:25:07.759 --> 00:25:09.599
in the middle of the country somewhere on a farm.

553
00:25:09.680 --> 00:25:11.640
I mean, there's a lot that you can and you

554
00:25:11.680 --> 00:25:15.279
can choose your experiences to which I'm it's very enticing.

555
00:25:15.759 --> 00:25:16.759
It's a great idea.

556
00:25:16.920 --> 00:25:17.440
Yeah.

557
00:25:17.480 --> 00:25:19.599
So yeah, there's a lot to be said for how

558
00:25:19.640 --> 00:25:19.839
you go.

559
00:25:20.039 --> 00:25:22.759
And how you go about figuring out what that destination is.

560
00:25:22.759 --> 00:25:24.720
That if you're someone who's traveled a lot, that could

561
00:25:24.720 --> 00:25:28.319
be one way. This one couple that were from Houston,

562
00:25:28.680 --> 00:25:32.039
he and his wife ended up moving to Barcelona, Spain,

563
00:25:32.240 --> 00:25:35.960
and they've written a book called Silver Nomads, and they

564
00:25:36.000 --> 00:25:38.079
give the same a lot of the same reasons why

565
00:25:38.079 --> 00:25:40.920
they move there. You know, the money go goes further

566
00:25:40.960 --> 00:25:44.079
there than in the US. Healthcare is of higher quality

567
00:25:44.119 --> 00:25:46.960
and less expensive. You will get to experience the joys

568
00:25:46.960 --> 00:25:49.160
of cultural exploration just by walking.

569
00:25:48.880 --> 00:25:49.359
Out the door.

570
00:25:49.720 --> 00:25:50.039
Mm hm.

571
00:25:51.720 --> 00:25:54.680
The best part is you can have this life while

572
00:25:54.720 --> 00:25:58.079
spending significantly less money than you would by living in

573
00:25:58.119 --> 00:25:59.920
the politically unhinged land of a man.

574
00:26:00.480 --> 00:26:02.920
But so he has a blog and I read a

575
00:26:02.920 --> 00:26:05.119
lot of the comments and they seem pretty well versed.

576
00:26:05.119 --> 00:26:07.279
They've done a lot of research in this book, and

577
00:26:07.319 --> 00:26:08.960
if you go to the website, they give a lot

578
00:26:08.960 --> 00:26:11.000
of tips because what about Portugal?

579
00:26:11.240 --> 00:26:13.599
What about this? And he seems to have done a

580
00:26:13.640 --> 00:26:14.319
lot of homework.

581
00:26:14.400 --> 00:26:16.680
So this is like their thing now is to be

582
00:26:16.799 --> 00:26:20.960
like a mentor to anyone who's considering in their retiring

583
00:26:21.000 --> 00:26:24.000
ages to consider, you know, living in.

584
00:26:23.920 --> 00:26:25.400
Another country, what is that like?

585
00:26:25.519 --> 00:26:28.079
And they give them the pros and cons and questions

586
00:26:28.160 --> 00:26:29.680
and you know, things to steady.

587
00:26:29.759 --> 00:26:31.160
So I thought that was pretty interesting.

588
00:26:31.720 --> 00:26:35.400
In their retirement, they've made a new life of coaching

589
00:26:35.440 --> 00:26:36.759
other people, and so.

590
00:26:36.839 --> 00:26:40.359
That's another they're reinvented, basically a career out of that.

591
00:26:40.599 --> 00:26:42.279
And I think, you know, it's interesting to talk to

592
00:26:42.599 --> 00:26:44.920
why do we think people are doing this?

593
00:26:45.079 --> 00:26:45.519
Why is it?

594
00:26:45.559 --> 00:26:47.640
I mean, obviously we talked about the pros and cons

595
00:26:47.680 --> 00:26:49.640
of it and you said it, Yeah, we both think

596
00:26:49.640 --> 00:26:51.559
it's pretty popular. I know a couple of people have

597
00:26:51.640 --> 00:26:54.400
actually done it, gone off and done it. The thing is,

598
00:26:54.839 --> 00:26:57.960
I can't imagine it's just the political climate, but I

599
00:26:58.000 --> 00:27:00.640
think it has a lot to do with quality of life.

600
00:27:00.720 --> 00:27:03.839
And as you said, and we've spoken before, finances, the

601
00:27:03.920 --> 00:27:07.279
reality is it's very difficult to retire in the United

602
00:27:07.319 --> 00:27:10.720
States unless you have X number of dollars in the bank,

603
00:27:10.960 --> 00:27:14.480
and it's very the healthcare can sap your savings away.

604
00:27:14.799 --> 00:27:17.400
And if you didn't plan, and we talked about you know,

605
00:27:17.599 --> 00:27:20.440
doing our financial planning on a previous episode, if you

606
00:27:20.519 --> 00:27:24.079
haven't done that, you have maybe a redemption by able

607
00:27:24.119 --> 00:27:27.079
to by making this choice to move to Europe. I

608
00:27:27.160 --> 00:27:29.559
have to say, on a side note, the person that

609
00:27:29.599 --> 00:27:32.400
I know that went there to Portugal, it was very

610
00:27:32.480 --> 00:27:35.039
daunting because if you think about it, they had to

611
00:27:35.079 --> 00:27:38.279
sell their home, They had to sell all their belongings

612
00:27:38.279 --> 00:27:40.960
basically unless what they could carry with them. They had

613
00:27:40.960 --> 00:27:44.119
to do all of the you know trips over there

614
00:27:44.160 --> 00:27:45.920
to find a place to live, because you can't just

615
00:27:45.960 --> 00:27:47.680
move over there with your bags and hope you can find.

616
00:27:47.519 --> 00:27:50.200
Afs to live. Plus you have to do a little research.

617
00:27:50.200 --> 00:27:53.079
Because I didn't know where I lived in the South

618
00:27:53.119 --> 00:27:55.440
Bay before I moved here. I didn't know the neighborhoods.

619
00:27:55.640 --> 00:27:58.240
You have to go and do some real pounding the

620
00:27:58.279 --> 00:28:00.519
pavement to see where you would find is a good

621
00:28:00.519 --> 00:28:03.200
place to live and what's recommended. So it's a very

622
00:28:03.279 --> 00:28:05.720
daunting experience too, it can be very scary.

623
00:28:05.920 --> 00:28:09.519
One of suggestions was, well, then we talk about moving there,

624
00:28:09.640 --> 00:28:12.400
is that don't buy something right away. What you might

625
00:28:12.440 --> 00:28:15.559
want to want to rent in an area that you

626
00:28:15.599 --> 00:28:18.920
think you're like, work with a realtor to get a

627
00:28:18.960 --> 00:28:21.680
feel for what's available and is this the right neighborhood

628
00:28:21.720 --> 00:28:23.440
or the right city that I want to be living

629
00:28:23.480 --> 00:28:26.200
in that want to retire in. So don't commit to

630
00:28:27.079 --> 00:28:29.960
because once you buy, it's like you know, that's a

631
00:28:29.960 --> 00:28:34.319
big chunk that you're taking on. So ren first live

632
00:28:34.559 --> 00:28:37.319
there for a period of time, work with locals, get

633
00:28:37.359 --> 00:28:41.319
more information. There's one another top ten list, the World's

634
00:28:41.519 --> 00:28:45.960
Top ten Retirement Havens for twenty twenty five. So if

635
00:28:45.960 --> 00:28:47.440
you don't know where you want to go, maybe you

636
00:28:47.480 --> 00:28:50.279
haven't traveled the much, but what where should I consider living?

637
00:28:50.440 --> 00:28:52.799
This is what they're saying. Are the top ten of

638
00:28:53.200 --> 00:28:56.079
where a lot of people retire. Number ten is Thailand,

639
00:28:57.160 --> 00:29:02.240
since you mentioned that earlier, Italy, Greece, Malaysia, Spain, France, Mexico,

640
00:29:02.839 --> 00:29:05.480
Costa Rica. I've heard a lot of people mentioned Portugal,

641
00:29:05.599 --> 00:29:08.759
and that's number two. But number one is Panama, which

642
00:29:08.799 --> 00:29:11.160
I've never seen any lists. And what they say about

643
00:29:11.200 --> 00:29:14.880
Panama is it's more developed and far more developed and

644
00:29:14.960 --> 00:29:16.960
modern than most people anticipate.

645
00:29:18.240 --> 00:29:22.799
It offers first world convenience at Central American prices. It's

646
00:29:22.839 --> 00:29:23.960
not like the way that they worded that.

647
00:29:24.480 --> 00:29:26.279
So you can still take a taxi cross for a

648
00:29:26.319 --> 00:29:29.480
few dollars see the latest blockbuster film for about six dollars.

649
00:29:29.559 --> 00:29:30.599
You know, blah blah, you can do this.

650
00:29:30.720 --> 00:29:32.960
You can have a main course and glass of wine

651
00:29:32.960 --> 00:29:35.880
at one of the cities in numeraal restaurants for twenty dollars,

652
00:29:35.920 --> 00:29:38.319
so against one of those where your money goes a

653
00:29:38.359 --> 00:29:41.599
lot further there. So yeah, cost of living is it's

654
00:29:41.640 --> 00:29:44.079
not the cheapest country in the region, but your dollar

655
00:29:44.119 --> 00:29:46.240
will still stretch further than it does.

656
00:29:46.160 --> 00:29:47.640
Up north, meaning US.

657
00:29:47.759 --> 00:29:52.000
So they said a couple can live well here Panama

658
00:29:52.039 --> 00:29:55.119
for twenty five hundred dollars a month or less including rent.

659
00:29:55.319 --> 00:29:57.880
But you know, again everyone's going to have a different experience.

660
00:29:57.920 --> 00:29:59.920
Well, let me ask you, Gary, what do you think

661
00:30:00.200 --> 00:30:01.880
what do you think the reason is for all this

662
00:30:02.200 --> 00:30:05.440
new found I mean, if you were decided, like if

663
00:30:05.440 --> 00:30:07.480
you could choose the top two reasons, what.

664
00:30:07.359 --> 00:30:08.160
Do you think they would be.

665
00:30:08.480 --> 00:30:10.440
So I always thought that one of them would be

666
00:30:11.880 --> 00:30:14.720
I call it a fantasy to like live out your

667
00:30:14.720 --> 00:30:17.559
remaining years in a place that you have to have

668
00:30:17.680 --> 00:30:19.359
visited because you have to be familiar with it, Like,

669
00:30:19.400 --> 00:30:23.279
you know, I have an affinity to Spain and Italy

670
00:30:23.400 --> 00:30:27.200
and France, right, So not that I would retire there,

671
00:30:27.240 --> 00:30:29.279
but had I thought about it, like oh gosh, what

672
00:30:29.400 --> 00:30:32.240
I consider buying a place, but then you think you're

673
00:30:32.319 --> 00:30:34.400
so far away and to do it on your own,

674
00:30:34.519 --> 00:30:37.200
that's that that would be I would not consider that

675
00:30:37.240 --> 00:30:38.920
on my own. So I think part of it is

676
00:30:38.920 --> 00:30:43.920
the fantasy of living that la dolce vita, you know,

677
00:30:44.160 --> 00:30:47.400
with the plazas and the you know, just people hanging out,

678
00:30:47.480 --> 00:30:49.759
and especially if you live in a small town, there's

679
00:30:49.799 --> 00:30:52.960
that sense of community. Then maybe you don't get here

680
00:30:53.200 --> 00:30:55.839
where you live because everyone's you know, behind.

681
00:30:55.519 --> 00:30:57.759
Their door or you know, at the computer.

682
00:30:58.559 --> 00:31:02.240
Maybe it's it's an easy, your eighter life. So that's

683
00:31:02.519 --> 00:31:05.079
the fantasy part of it. The other one they could

684
00:31:05.119 --> 00:31:12.279
just be for financial reasons, right thinking about you know,

685
00:31:13.000 --> 00:31:16.119
since try my finances again. More tables to look at

686
00:31:16.519 --> 00:31:19.920
Federal Reserve Survey of Consumer Finances. This is from twenty

687
00:31:20.000 --> 00:31:23.160
twenty two. Is what the average retirement savings should be.

688
00:31:23.839 --> 00:31:26.480
They say from ages fifty five to sixty four, you

689
00:31:26.480 --> 00:31:29.599
should have over five hundred thousand dollars in savings sixty

690
00:31:29.599 --> 00:31:32.599
five to seventy four over six hundred thousand. So talk

691
00:31:32.640 --> 00:31:36.119
about you know, when you're planning ahead, why like I have.

692
00:31:37.759 --> 00:31:38.680
Four to one case.

693
00:31:39.240 --> 00:31:42.400
They talk about some you know companies may not offer that.

694
00:31:42.759 --> 00:31:48.160
So are you saving money on your own towards the future?

695
00:31:48.279 --> 00:31:49.799
I think when you're younger, you don't think about it

696
00:31:49.839 --> 00:31:50.880
as you get older.

697
00:31:50.599 --> 00:31:51.279
Like they said.

698
00:31:51.359 --> 00:31:54.559
Another recommendation is at age sixty you should have eight

699
00:31:54.680 --> 00:31:58.799
times your annual salary set aside in retirement savings. This

700
00:31:58.880 --> 00:32:01.559
is that to jell and maintain current lifestyle in retirement,

701
00:32:01.680 --> 00:32:03.440
by age sixty seven, you should have ten times your

702
00:32:03.440 --> 00:32:04.200
annual salary.

703
00:32:04.279 --> 00:32:07.599
Right, That's it's very daunting. The things to consider is like.

704
00:32:07.799 --> 00:32:11.759
You know, planning ahead at what age drive on retire right?

705
00:32:11.839 --> 00:32:13.799
And how much you have to map out how much

706
00:32:13.880 --> 00:32:17.400
am I spending now? And thinking to the future because

707
00:32:17.440 --> 00:32:19.839
I've already I did this exercise with my financial planner.

708
00:32:20.039 --> 00:32:23.759
Was okay, so we're looking at age.

709
00:32:23.640 --> 00:32:26.680
Sixty seven, okay, so how much are you spending now?

710
00:32:26.720 --> 00:32:30.160
And we did ald spreadsheet of everything your monthly expenses

711
00:32:31.680 --> 00:32:34.839
and then factoring in some things going up obviously, and

712
00:32:34.880 --> 00:32:36.960
then looking at what do we have right now in

713
00:32:37.000 --> 00:32:40.279
my two accounts. But still it's just scary because you know,

714
00:32:40.279 --> 00:32:45.160
it's the un known, it's the unexpected hospital stay. It's like, oh,

715
00:32:45.200 --> 00:32:48.519
I need to buy a new car because mine has died.

716
00:32:49.039 --> 00:32:52.400
There's unexpected expenses that throw a wrench into what you

717
00:32:52.440 --> 00:32:55.920
thought was, Oh, I'm good with this every month. So

718
00:32:56.119 --> 00:32:58.799
it's difficult to plan ahead. But there should be a

719
00:32:58.799 --> 00:33:00.880
lot of planning that you should we should.

720
00:33:00.680 --> 00:33:01.119
Be working on.

721
00:33:01.640 --> 00:33:02.559
Yeah, and I would.

722
00:33:02.640 --> 00:33:05.279
I would say I don't have a desire to go

723
00:33:05.319 --> 00:33:08.240
and move to Europe myself, although it be as a

724
00:33:08.279 --> 00:33:10.440
fantasy as you said, it would be great. I love

725
00:33:10.480 --> 00:33:12.119
to pull my own under the Tuscan sun.

726
00:33:12.680 --> 00:33:13.759
I would love to do that.

727
00:33:14.319 --> 00:33:16.400
And I actually have another friend whose name is Tim,

728
00:33:16.440 --> 00:33:20.319
who actually went to France, bought a small, really old

729
00:33:20.359 --> 00:33:23.519
building in Bordeaux and has been renovating it.

730
00:33:23.559 --> 00:33:25.680
But he also travels. He and he takes advantage of

731
00:33:25.720 --> 00:33:26.119
all of it.

732
00:33:26.480 --> 00:33:28.799
I don't know that I would take advantage of traveling,

733
00:33:29.000 --> 00:33:31.519
but I would say, in my opinion, the number one

734
00:33:31.599 --> 00:33:36.519
reason for people moving is financial and healthcare. As a subnote, financially,

735
00:33:36.559 --> 00:33:40.759
because as you said, the statistics you gave us requires

736
00:33:40.799 --> 00:33:44.920
so much money to be scrolled away in retirement in

737
00:33:44.960 --> 00:33:47.799
the States, where if you have not done the planning,

738
00:33:47.799 --> 00:33:49.480
and we mentioned this briefly before, but if you have

739
00:33:49.480 --> 00:33:51.359
not done the planning, or you haven't had the time,

740
00:33:51.680 --> 00:33:54.720
or something stopped you from reaching those milestones in your

741
00:33:54.720 --> 00:33:58.400
savings career or your savings journey, you're not screwed, but

742
00:33:58.480 --> 00:34:00.799
you can have a much better chance of having a

743
00:34:00.920 --> 00:34:04.359
quality of life in Europe. So I would say it's

744
00:34:04.480 --> 00:34:09.440
financial first. Political definitely as a subnote, but financial and healthcare.

745
00:34:10.199 --> 00:34:13.440
It's daunting living here in the States. It's so crazy.

746
00:34:13.480 --> 00:34:16.800
It's so expensive to live here, not just we're conditioned

747
00:34:17.199 --> 00:34:21.960
in California, but because we're desensitized from costs because it's

748
00:34:22.000 --> 00:34:24.119
just always so expensive. I mean, I think it's a

749
00:34:24.239 --> 00:34:26.639
very I think it's a very good idea for people

750
00:34:26.679 --> 00:34:27.320
to consider it.

751
00:34:27.519 --> 00:34:29.320
What we're going to say, I'm sorry, yeah, no, I

752
00:34:29.320 --> 00:34:30.079
can't find it right now.

753
00:34:30.079 --> 00:34:32.000
But one of the things that I had written down

754
00:34:32.000 --> 00:34:35.199
and I can't find it on my notes was that currently,

755
00:34:35.599 --> 00:34:38.679
at least Americans are not saving as much as they

756
00:34:38.760 --> 00:34:41.440
used to for higher costs of living or all the.

757
00:34:41.400 --> 00:34:42.800
Unexpected things that come up.

758
00:34:42.960 --> 00:34:45.639
So when I see all these articles that pop up,

759
00:34:45.679 --> 00:34:47.960
like how far will a million dollars go and save me?

760
00:34:48.000 --> 00:34:49.840
It's like, I'm when am I going to reach a

761
00:34:49.840 --> 00:34:52.880
million dollars? In says, right, can I retire in a

762
00:34:52.880 --> 00:34:53.400
million dollars?

763
00:34:53.480 --> 00:34:53.559
Like?

764
00:34:54.360 --> 00:34:56.480
Well, if I get there, i'll let you know. But

765
00:34:57.760 --> 00:34:58.480
I think it's just.

766
00:34:58.639 --> 00:35:05.519
Very overwhelming to think about how much you need to

767
00:35:05.519 --> 00:35:08.079
have because we don't know how long we're going to live, right,

768
00:35:08.320 --> 00:35:12.840
you know, half jokingly with my financial planner. He says, well,

769
00:35:12.960 --> 00:35:15.119
I go, my mom is going to be ninety eight

770
00:35:15.559 --> 00:35:17.760
this year. My dad lived to be ninety two. My

771
00:35:17.800 --> 00:35:19.639
two grandmothers lived in ninety two. Because oh, well, then

772
00:35:19.679 --> 00:35:21.840
you're gonna you got a plan for other thirty years,

773
00:35:21.840 --> 00:35:22.800
like thirty years?

774
00:35:23.039 --> 00:35:25.280
Well, Gary, I'm only planning to work for or five

775
00:35:25.320 --> 00:35:25.880
more years.

776
00:35:26.320 --> 00:35:30.119
Yes, but I was told I was just editing. I'm

777
00:35:30.199 --> 00:35:34.119
finishing editing our podcast about financial planning. Basically, we've told

778
00:35:34.159 --> 00:35:35.599
each other that we have to live to at least

779
00:35:35.679 --> 00:35:38.239
ninety five, so that's what our financial and I think

780
00:35:38.280 --> 00:35:40.719
you actually you took ninety five. I said ninety three,

781
00:35:41.320 --> 00:35:44.719
and that's a long shot. But I mean, you're absolutely right.

782
00:35:44.800 --> 00:35:47.840
It's very scary. It is scary, and the fact that

783
00:35:47.880 --> 00:35:51.760
you can have a possible better quality of life outside

784
00:35:51.760 --> 00:35:55.039
of the country is a very real dream for people

785
00:35:55.079 --> 00:35:57.079
right now. I think that they're there. As you say

786
00:35:57.119 --> 00:35:58.679
that people are not saving the way you used to.

787
00:35:58.679 --> 00:36:02.079
We're boomers, so we were kind of taught to do

788
00:36:02.119 --> 00:36:03.639
that because our parents.

789
00:36:03.280 --> 00:36:06.239
Were also probably very frugal.

790
00:36:06.519 --> 00:36:09.440
They didn't spend a lot of money, you know, outlandishly.

791
00:36:09.639 --> 00:36:11.800
We're a little we're much better at it. But I

792
00:36:11.800 --> 00:36:14.599
would say the generations that are coming up are not

793
00:36:14.719 --> 00:36:16.039
saving money at all.

794
00:36:16.320 --> 00:36:18.599
So it's well, I'll be honest with me, Like you know,

795
00:36:19.000 --> 00:36:22.119
the goal is to contribute to your foe can a

796
00:36:22.159 --> 00:36:25.360
monthly basis, Like I live alone and I have my

797
00:36:25.400 --> 00:36:28.400
mortgage and like all the expense everyone else does and

798
00:36:28.519 --> 00:36:32.679
I do not. I have not contributed in quiet some

799
00:36:32.880 --> 00:36:35.519
time to one of my accounts. The other one actually

800
00:36:35.599 --> 00:36:37.559
the company started. So all the one is that there

801
00:36:37.719 --> 00:36:38.440
they put in there.

802
00:36:38.440 --> 00:36:38.920
I haven't.

803
00:36:39.320 --> 00:36:40.719
That's great, but they're matching.

804
00:36:41.199 --> 00:36:42.159
I just yeah.

805
00:36:42.239 --> 00:36:45.079
So but with the two accounts, it's you know, it's

806
00:36:44.840 --> 00:36:47.440
it's it's a nice amount, but it's still daunting to

807
00:36:47.480 --> 00:36:49.400
think about thirty more years.

808
00:36:49.400 --> 00:36:52.559
What oh. But here's the thing that like we're kind

809
00:36:52.559 --> 00:36:54.920
of going this path. But some things that I've noticed

810
00:36:54.920 --> 00:36:57.280
and we're kind of doing the same thing. People who

811
00:36:57.320 --> 00:37:00.400
are saving money are not bragging about saving money. Also,

812
00:37:00.480 --> 00:37:03.119
are not buying a new car every two years like

813
00:37:03.159 --> 00:37:05.880
a lot of people do. They're not moving all the time.

814
00:37:06.000 --> 00:37:08.760
They're not ordering door dash for every meal.

815
00:37:08.880 --> 00:37:12.039
So you and I, we don't do that. Our people

816
00:37:12.079 --> 00:37:15.239
don't do that. Something. Here's the weirdest thing I found.

817
00:37:15.480 --> 00:37:17.519
And I didn't realize this until I started looking at

818
00:37:17.519 --> 00:37:19.880
my statements a little more closely. Do you know I'm

819
00:37:19.920 --> 00:37:23.599
spending I was spending close to three hundred dollars a

820
00:37:23.639 --> 00:37:26.000
month on Starbucks. Go off on the weekend, you buy

821
00:37:26.039 --> 00:37:27.199
your friend, I want to buy you a coffee.

822
00:37:27.239 --> 00:37:28.719
Let's do this. And so I was literally.

823
00:37:28.559 --> 00:37:32.039
Spending about three hundred maybe more a month. So you

824
00:37:32.079 --> 00:37:34.239
know what I did. I went to Nordstrom Cafe. I

825
00:37:34.320 --> 00:37:37.960
bought two pounds of their espresso coffee, and I'm bringing

826
00:37:38.000 --> 00:37:41.199
my coffee to work now and I'm using that coffee

827
00:37:41.440 --> 00:37:44.320
and what costs twenty five dollars as opposed to.

828
00:37:44.360 --> 00:37:45.519
Three hundred dollars.

829
00:37:45.519 --> 00:37:48.079
These are these things that you can do if you

830
00:37:48.199 --> 00:37:51.159
make those adjustments. You like to walk, You're not driving.

831
00:37:51.280 --> 00:37:53.440
You were driving to work, and we've talked about this before.

832
00:37:53.800 --> 00:37:56.599
You're saving so much money on your commute.

833
00:37:56.119 --> 00:37:58.639
Now, right, oh yeah, yeah, yeah, so.

834
00:37:58.920 --> 00:37:59.960
There's another way to channel.

835
00:38:00.000 --> 00:38:01.719
I'm in my car to day to run some errands.

836
00:38:01.719 --> 00:38:03.559
I'm like, wow, I still have like almost a full

837
00:38:03.599 --> 00:38:05.199
tanke a gas because I haven't used my.

838
00:38:05.159 --> 00:38:07.800
Car, right, And I think that's a pretty good thing.

839
00:38:07.840 --> 00:38:10.960
And those those even though they're not massive amounts of money,

840
00:38:10.960 --> 00:38:13.719
they are money that you spent every month that you

841
00:38:13.719 --> 00:38:16.920
can now sock away or take that money and literally

842
00:38:16.920 --> 00:38:19.199
just say okay, whatever that number was, you say, okay'm

843
00:38:19.199 --> 00:38:20.119
gonna take that money now.

844
00:38:20.000 --> 00:38:20.760
And put it away.

845
00:38:20.880 --> 00:38:22.920
So I know we went off a little side note

846
00:38:23.000 --> 00:38:25.480
on this, but I think, you know it's important as

847
00:38:25.519 --> 00:38:28.960
we are aging with this option. If I had, if

848
00:38:29.000 --> 00:38:30.760
I had the wherewithal to do it, yeah, I would

849
00:38:30.800 --> 00:38:32.679
love to try and move to Spain and get a

850
00:38:32.679 --> 00:38:35.639
place the travel to and from. I mean, I'd want

851
00:38:35.679 --> 00:38:38.039
to spend like I'd like to spend the season in

852
00:38:38.159 --> 00:38:40.880
Spain and come back whatever the season is, you know,

853
00:38:40.880 --> 00:38:42.239
maybe this the winters.

854
00:38:42.440 --> 00:38:45.400
You know, there's a woman I think of who she's

855
00:38:45.440 --> 00:38:48.960
from Canada, and every year and I don't know how long,

856
00:38:49.079 --> 00:38:51.679
but it's probably a few months, like maybe a whole

857
00:38:51.960 --> 00:38:55.639
summer or something. That she goes down to Maslan and

858
00:38:55.719 --> 00:38:58.280
she rents a place at a little hotel there that

859
00:38:58.360 --> 00:39:01.440
is run by my family. So what they have on

860
00:39:01.639 --> 00:39:05.320
site storage for her so that they have her personal

861
00:39:05.360 --> 00:39:08.199
furniture that's in storage, and what she tells them, I'm

862
00:39:08.239 --> 00:39:10.960
coming on the twelve and they will get her unit ready.

863
00:39:11.000 --> 00:39:12.960
They take out the stuff that's normally there and they

864
00:39:12.960 --> 00:39:15.360
rent out and they put in her furniture for the

865
00:39:15.559 --> 00:39:17.480
season X number of months as she's there.

866
00:39:17.960 --> 00:39:20.679
And she's been doing that consistently for years. That's her

867
00:39:20.800 --> 00:39:21.159
way of doing.

868
00:39:21.239 --> 00:39:22.920
So she still has her place in Canada and has

869
00:39:22.960 --> 00:39:25.480
your life there. And I don't know if she comes

870
00:39:25.519 --> 00:39:28.000
by herself or friends and family come to visit, but

871
00:39:28.599 --> 00:39:29.400
this is her thing.

872
00:39:29.559 --> 00:39:30.320
So you don't.

873
00:39:30.119 --> 00:39:33.480
Necessarily have to bite off the whole thing and completely

874
00:39:34.039 --> 00:39:36.440
move and sell everything and sell all your belongings to

875
00:39:36.480 --> 00:39:39.199
move somewhere else if you're able to, if your house

876
00:39:39.280 --> 00:39:41.480
is paid off, and whether you want to rent it

877
00:39:41.519 --> 00:39:44.239
while you're gone or not, you have that to come

878
00:39:44.239 --> 00:39:47.480
home to and either travel or have a second home

879
00:39:47.519 --> 00:39:48.000
somewhere else.

880
00:39:48.480 --> 00:39:50.800
Yes, you have the finances to do that.

881
00:39:51.280 --> 00:39:55.679
Yep. So it's a very enticing idea.

882
00:39:56.320 --> 00:39:58.719
It is. I don't know if I can do it.

883
00:39:58.840 --> 00:40:00.760
I mean I would like to do it, but I

884
00:40:00.800 --> 00:40:01.400
don't know if I.

885
00:40:01.639 --> 00:40:03.320
Would you would you like to do it? If you

886
00:40:03.320 --> 00:40:05.480
are if you had the funds, would you do it?

887
00:40:05.840 --> 00:40:06.639
Well, here's the thing.

888
00:40:06.599 --> 00:40:09.880
You know, being single, If I were in a relationship

889
00:40:09.920 --> 00:40:12.360
and the other and my partner wanted to do it,

890
00:40:12.800 --> 00:40:17.239
that would give me more you know, I would want

891
00:40:17.280 --> 00:40:19.480
to do that, right, But it's just by myself.

892
00:40:20.199 --> 00:40:22.159
I don't think.

893
00:40:21.519 --> 00:40:24.519
It's not for everybody. And as we said, it's a

894
00:40:24.599 --> 00:40:30.360
daunting task preparing for it mentally and also just financially

895
00:40:30.480 --> 00:40:33.559
and also physically, so there's a lot of things it

896
00:40:33.599 --> 00:40:36.119
can be scary. But I would say I agree with you.

897
00:40:36.199 --> 00:40:40.119
It's definitely a growing trend. It is definitely getting a

898
00:40:40.159 --> 00:40:42.159
lot of popularity and a lot of press.

899
00:40:42.679 --> 00:40:42.920
Yeah.

900
00:40:42.960 --> 00:40:46.119
I think that the takeaway is do your homework, talk

901
00:40:46.159 --> 00:40:48.519
to anyone who's done it or thinking about doing it.

902
00:40:48.559 --> 00:40:51.400
Talk to experts, because there's so many things that could

903
00:40:51.400 --> 00:40:52.039
go wrong.

904
00:40:53.760 --> 00:40:55.679
If you don't know. Oh I never thought about that.

905
00:40:57.400 --> 00:41:00.519
So there's so many resources out there and so many

906
00:41:00.519 --> 00:41:02.800
people to do it, to talk to you about it,

907
00:41:02.840 --> 00:41:05.280
because that's a that's a big life change.

908
00:41:05.559 --> 00:41:06.760
Yep, to do.

909
00:41:06.760 --> 00:41:07.639
That, one can.

910
00:41:08.960 --> 00:41:09.679
One can dream.

911
00:41:09.760 --> 00:41:11.360
I might call George back and see if we want

912
00:41:11.360 --> 00:41:12.920
to get tack together and maybe let me come to

913
00:41:12.960 --> 00:41:13.800
Lake Guomo again.

914
00:41:13.920 --> 00:41:16.559
I'm sure he's got the space for you, yeah, in

915
00:41:16.639 --> 00:41:17.039
his heart.

916
00:41:20.320 --> 00:41:22.199
So did we Did we cover this one? Well? Do

917
00:41:22.280 --> 00:41:22.599
you think?

918
00:41:22.760 --> 00:41:23.199
I think so?

919
00:41:23.760 --> 00:41:28.280
No, Hopefully it's opened up some curiosity in folks who

920
00:41:28.320 --> 00:41:29.480
maybe considered it and.

921
00:41:29.400 --> 00:41:33.840
Maybe we want to yes, you know, do your research.

922
00:41:33.960 --> 00:41:35.320
Check out Silver Nomads.

923
00:41:35.679 --> 00:41:39.480
One of the websites is called International Living I believe, okay,

924
00:41:41.440 --> 00:41:42.239
and they have a lot.

925
00:41:42.079 --> 00:41:44.920
Of information there. So there's definitely a lot of information

926
00:41:45.000 --> 00:41:45.599
out there too.

927
00:41:46.320 --> 00:41:49.679
And you know what's good, Gary, all all the sources

928
00:41:49.679 --> 00:41:51.800
that we're using today on this podcast, I'm going to

929
00:41:51.840 --> 00:41:56.119
put on our blog on the blog page for this episode.

930
00:41:55.960 --> 00:41:57.280
Silver No Mads.

931
00:41:57.719 --> 00:41:58.000
Okay.

932
00:41:59.760 --> 00:42:01.880
Yeah, So there's a lot of things out there. There's

933
00:42:01.920 --> 00:42:04.800
also another podcast that I listen to call Where Gays Retire,

934
00:42:05.199 --> 00:42:09.840
which is this gentleman. His name is Mark Goldstein. So Mark,

935
00:42:09.880 --> 00:42:11.400
if you're listening, and we hope to get you on

936
00:42:11.440 --> 00:42:14.119
the podcast sometime. He actually does this really cool podcast

937
00:42:14.159 --> 00:42:17.360
called Where to Gaze Retire. He actually goes to different

938
00:42:17.400 --> 00:42:21.079
couples or individuals who have retired outside of the country

939
00:42:21.320 --> 00:42:24.800
and he talks about that experience, including the country. And again,

940
00:42:24.880 --> 00:42:26.400
I think eventually we're going to go on to talking

941
00:42:26.400 --> 00:42:30.119
about communal living soon because that's actually another trends developing.

942
00:42:30.719 --> 00:42:34.599
But for now, do you think we covered the topic?

943
00:42:34.639 --> 00:42:36.800
Well, I think so because you got someone behind you

944
00:42:36.840 --> 00:42:38.480
who's probably needing a little walkie.

945
00:42:38.519 --> 00:42:39.320
Oh yes, he does.

946
00:42:39.519 --> 00:42:42.519
So if you're ready to shut this one down, already

947
00:42:42.559 --> 00:42:45.239
shut you down, because you know I'm done talking to you.

948
00:42:49.400 --> 00:42:50.760
Anyway, shut it down.

949
00:42:51.000 --> 00:42:53.159
Okay, thank you for joining us at Don and Gary

950
00:42:53.199 --> 00:42:56.039
doing sixty. We hope you enjoyed spending quality of time

951
00:42:56.079 --> 00:42:59.079
with us. Join us next time, as we discover we

952
00:42:59.159 --> 00:43:01.119
are a few Santa, which is short of.

953
00:43:01.079 --> 00:43:02.039
A full picnic.

954
00:43:05.039 --> 00:43:06.000
Don't now I'm hungry.

955
00:43:06.480 --> 00:43:10.719
Don't forget our new website hosted by pod page, and

956
00:43:10.800 --> 00:43:12.920
I'll be posting that in our links so you can

957
00:43:12.960 --> 00:43:17.119
see where all that is. I'm were available at Apple Podcasts, Spotify,

958
00:43:17.880 --> 00:43:21.599
YouTube at five for pod on Instagram. But again, we

959
00:43:21.639 --> 00:43:23.880
really want to push to that website so you can

960
00:43:24.000 --> 00:43:26.920
leave us voicemails and leave us comments. I'll be posting

961
00:43:26.960 --> 00:43:29.119
all of that in the bio below, on our notes

962
00:43:29.159 --> 00:43:32.119
inside the pages, on YouTube and on Instagram and on

963
00:43:32.199 --> 00:43:32.960
the website.

964
00:43:33.119 --> 00:43:35.199
So Gary, I'll see you next time.

965
00:43:35.400 --> 00:43:36.000
Sounds good.

966
00:43:36.320 --> 00:43:38.519
Okay, Well, talk to you later, Gator.

967
00:43:38.760 --> 00:43:40.239
Alrighty bye.

968
00:43:40.880 --> 00:43:43.960
Keep your passport current, yes, don't forget to spend new

969
00:43:44.039 --> 00:43:44.639
to your pets.