I just wanted to point out an interesting comment that a reader named ‘cheepy‘ left in response to my article on saving for retirement at the last minute:
How about moving to a developing country where a dollar can get you a lot further? Of course, the downside is that it is so far from friends and family, but you can get almost the same lifestyle with much less money… I am an Indonesian who lives in Australia. So if I go back to Indonesia, I practically quadruple my spending power…
This ties in nicely with the idea of reducing your expenses in retirement, although I suspect the majority of retirees aren’t going to be crazy about the idea of moving partway around the world to make up for a savings shortfall.
Leave a Reply