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This year, 2012, marks the first year since 2009 that U.S. retirees will finally see a cost-of-living adjustment (COLA) of +3.6 percent in their Social Security benefits. In other words, along with suffering through a tough global economic situation, retirees who depend on Social Security endured three consecutive years without a cost-of-living raise. This was an historical event, mind you – the first time in three and a half decades that no cost-of-living increase was forthcoming. And while news of …
“I don’t like being called an ex-patriot,” my friend Jack said. He’s a former elected official and about as red-white-and-blue as they come. His wife is a former trial judge. But now they’re retired and living in Ecuador…for the adventure, the pleasurable lifestyle, and the lower cost of living. Gently, I explained to Jack that he is definitely not an ex-patriot. And he never will be… Jack is an expatriate. As the dictionary explains, the word “expatriate,” which can be …
“What do you miss the most from home?” As a speaker at International Living conferences held around the world, this is one of the most common questions I’m asked. And it’s one that’s easy to answer. I’ve been living in Latin America for 11 years, and the truth is that I have a new home now, in Ecuador. There’s not much I miss from my old home. In fact, there are far more things I don’t miss than those I …
Retirement Resorts: Aging retirees of yore may have moved in with family, headed to a Sun Belt retirement community or took up residence in an assisted living facility. Today’s retirees? According to the Wall Street Journal, they’re living on cruise ships, in spas, at “fully staffed homes in Costa Rica,” shared houses with other retirees or in “backyard bungalows” on adult children’s property.
With substantially lower costs, international destinations may allow more people to afford retirement.