Quote:
Originally Posted by Pinner
This maybe a good idea, anyone research this ? Links ?
|
I've done minor amounts of research into Belize...and the Bay Island of Honduras. Belize has a heap of ex pats in Ambergris Caye. Lots of what I'd define as sort of ex hippies. For example we were walking back to our hotel and this guy in his golf cart stopped and gave us a ride. He said he left The US 25 years ago just to come down for a trip and never left.
I've done a bit of looking at real estate and it can be reasonable. Phoenix would be much cheaper for houses. I think it's a fairly different way to live down there than in North American where we have everything we want at hand. Belize and Honduras both have a fairly wide gap between the haves and have nots. An odd concern perhaps but assuming the ice cap melts like they say, some of these at sea level places may not be that ideal.
Quote:
|
The boomers will have raised the price of "retirement" property beyond reach for most in the next decade or two.
|
The leading edge of the boomer population is already at retirement (1947 is about the start according to the census geeks) so the same argument can be over the next decade or so a number of them will die which might create a bit of a gap.
Quote:
|
How much money is it going to cost to live comfortably in Canada after retirement ?
|
Define comfortably and define what you are going to do in retirement. there are a ton of factors and everyone is unique.
Quote:
I think most people in their 30's and 40's have had less prosperous years/ more unemployment and major career moves affecting pensions than previous generations, not to mention the "ME" generation won't be helping their parents out like previous generations did.
I just wonder what will be left after the boomer's have spent it all... (no pensions for us) Most people don't have their car paid off, and with inflation, and the advancement of health care they will need millions to pay for retirement. Good luck. 
|
The flip side is I think those of us in the 30s/40s recognized or didn't expect to go to work, toil away for years, get the gold watch, and then the pension. Perhaps thanks to the baby boomers ahead of us we had a more "it's up to me" perspective. We are more focused on RSPs and personal savings than our parents were....or perhaps I have a skewed view of this as my circle of friends for the most part have this mentality.
If you're depending on CPP and OAS for retirement then yes, you have problems. It'll be there for those who really need it but I think it's best to plan to not need it.
Back on topic I don't have one dream place. If money was no object I'd have a hard time picking a single location. I'd probably want a few:
Somewhere near Kelowna as a home base (I'll need an international airport)
Paris or Normandy or Brittany (or Paris and one of those)
Moorea (French Polynesia) or Kauai
Roatan or Utila Honduras