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Thus far, I have dealt with retiring in the United States on a minimum amount. And there will be many who have no desire to spend their lives outside the boundaries of our own country.
However, it is my own opinion that a person, or couple, that has a small income, whether it be a pension, or dividends from some investment, can stretch the amount much further by living abroad. As I have already pointed out, a dollar goes much further in such countries as Mexico, Spain, Austria and Greece, among others, than it does in the United States. In fact, the United States is one of the most expensive countries on earth, and many will tell you that it is the most expensive of all. If you steer clear of the tourist centers, it is possible to live on a very high standard in these countries above mentioned on five
hundred dollars a month. Don't forget what I have said above in regard to the Europeans. Very few of them, even in the better to do countries, ever see as much as five hundred dollars a month. Even France, the luxury center of the world, does not have an average income of five hundred dollars a month per family. The average French working man makes less than this by 1997 French government statistics.
It becomes obvious, then, that it is possible to live on this amount. In fact, a bit of consideration shows that since the European is working to acquire his wages, and you are retired, you will have various advantages over him. He must dress for his job, he must utilize the public transportation every day going to and from work. He has expenses you won't have, including taxes, since, as you possibly know, if you live abroad for over 18 months you need not pay American income taxes.
Retirement advice Corby
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