Quote:
Originally Posted by milt
That's another point as well. His salary and his retirement are based on the cost of living in CA. Now he takes his money and flees to ID displacing or adding to the population off ID. He makes their cost of living higher and they have no way to achieve parity. Don't argue that fact, it's true.
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Shopping for a place where your pension dollar will go further is as old as retirement itself. That's why Spain is full of Brits and Germans. That's why others head to Costa Rica, the Philippines and Thailand. Or to Greece or South Africa or wherever. Why not Idaho - although that certainly wouldn't be my fist choice.
This is also big business. As boomers retire, everyone wants to get the most for their pension dollar. Assisted living places are springing up in India, where, for example you can get into a modern house on a beach, plus a full time nurse for very little money. All part of globalization I guess.
I have an uncle from Germany who retired in Chiang Mai (Thailand) , and who lives very, very well there. He wouldn't trade it for the world. Has a beautiful house there for which he paid less than $50,000 a few years ago, and all the toys. He used to go back to Germany to visit each year. Now he just couldn't be bothered anymore - he likes his new home too much.