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Deciding When to Retire

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CMic said:
You guys realize that you’re giving long term financial planning advice to a bunch of 50+ yo people?
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We don't have much time to correct our course. My ultimate plan is to cash out and go live in Guatemala or El Salvador like a boss in my final years. It had originally been Colombia but it's become a narco-state being run by commie guerillas, Mexico too.
 
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CMic said:
You guys realize that you’re giving long term financial planning advice to a bunch of 50+ yo people?
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I have given zero advice.

I am calling extreme bullshit on what's passing for advice
heisman said:
Here is actually the best way to do it. Take out government loans for the education costs. No payments and the government pays the interest for 5 years. Post graduation, you pay it all off with the pot of gold at the end of the rainbow….

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You let me know where I can find an investment that gives me 12% compounding monthly returns and never loses for 23 years. I'll sell a fucking kidney to get enough cash to put into that. So would every professional trader on Wall Street. No investment makes those returns.

Look, stop with the gorilla math. It's three simple things:
1) It's not what you make, it's what you keep
2) inflation is a hidden tax
3) when that hidden tax grows faster than what you make = you keep less

I used to be embarrassed to tell employees they were getting a 3% "bonus" when it was really just a COLA and we all knew inflation was cooking at a much higher rate than 3%. I prefer to be honest and just say "I know it's not enough but it's better than nothing-you are losing less fast now".

I am not arguing that people can't retire by saving enough, we all know its possible. My point was, and still is, that if you are below a certain level of income then the path to financial freedom/being an owner is being stacked against you every passing year i.e. inflation tax on your wages is growing faster than your wages.

You make 150K + your odds are much better of having enough discretionary income to save a meaningful amount (assuming nothing bad happens along the way).
Trying to raise a family the past 40 years on 40-50K a year and have a comfortable retirement?
Good fucking luck.
 
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shetuck said:
The more interesting question isn't "when" but "where"...

Florida real estate getting more affordable.
Some countries in Europe are ending Golden Visas, but others are still giving incentives.
Asia (vietnam, thailand), South America (Honduras, Costa Rica)...

Urban to rural vs rural to urban - eg rustbelt to NYC or ATL or ABQ vs getting outta the big noisy city out to big sky country.

Others? Digital nomads? Buy a room on a cruise ship? Buy a farm or a fruit orchard?
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But can you afford the insurance???
 
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