The Bottom Line: Budgeting for Retiring Abroad


“Don’t tell me what you value, show me your budget, and I’ll tell you what you value.” –Joe Biden

 

One of our biggest challenges in planning for retirement abroad was creating a realistic budget before we jumped into a new life. After our ‘pretirement’ experiment in Nicaragua in 2004-05, we set a goal to become financially independent. Many articles have been written about adjusting and assimilating into a different culture, but few articles stress the importance of financial planning before making the big jump.

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