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this post was submitted on 06 Oct 2023
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Ya, I don't think so. As a 37 yo millennial, my retirement plan is to sell my parents house, live as long and comfortabley as I can off that, then eat a bullet. Actual retirement is not something I expect to be capable of.
Mine is to sell my home and move to Mexico once my children are out of school, work remotely for a US company, then retire at like 55.
Multiplying my retirement savings (and home equity) by 20 just by moving will go a long way.
You think Mexico will be liveable by then? I had considered something like that, but I think climate change is going to make those places unlivable within the next 20 yrs.
That's most definitely on my mind. Really hoping so.
I love Mexico though. I used to travel there for work a lot and I just fell in love with it. I agree it would not be for everyone, and don't recommend it for everyone.
If you need to live at 5% of current costs, you'll need go further down the oecd country list than Mexico.
I don't need to. the USD currently exchanges with pesos at 18:1
Do you think they just have the same prices for everything, but in pesos? I have some bad news for you...
No. I have worked quite a lot in Mexico and am well aware of import prices, etc.