"A sustainable early retirement abroad means feeling at ease and living comfortably while staying prepared for the unexpected. I wanted to make sure I could support myself for at least another 17 years."
"I prioritized growing my high-yield savings accounts and investing in CDs, short-term bond funds, and money market funds to cover living expenses. I also hired a financial advisor to diversify the rest of my portfolio."
"I began tracking how much I would need for essentials while still having extra money for travel, enrichment, and emergencies. The first year of my move consisted of a lot of preparing, testing, and exploring."
Retiring at 50 and moving to Ajijic, Mexico, involved more than just a change of scenery. A sustainable retirement means feeling comfortable and prepared for unexpected expenses. Financial planning included assessing living costs, setting up high-yield savings, and investing in diverse portfolios. The focus was on maintaining a budget for essentials while allowing for travel and personal growth. The first year was dedicated to preparation and adjustment, highlighting the complexities of retiring abroad.
Read at www.businessinsider.com
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