| Yes, well, it can be. It depends on where you're | | | | This decision can also be considered smart because it |
| going, how you define a smart move, and a lot of | | | | will be a new adventure. In retirement you'll be |
| other things about your circumstances. | | | | looking for new things to do with your time as you |
| How their currency compares to the US dollar is | | | | adjust and living in a foreign country will certainly help |
| probably the biggest factor here financially. If you are | | | | with that. You'll have all sorts of new and interesting |
| planning to move to say, London, it's going to be a | | | | things to do already built into your new everyday life, |
| lot more expensive than if you move to Panama for | | | | meaning you'll have less need to make extravagant |
| example. | | | | purchases in your search for new things to do with |
| How the currency will compare in say, twenty years | | | | your time to keep life exciting. |
| from now is also something to consider. It's hard to | | | | Keeping your life exciting is something that is often |
| say what the global and domestic economy will be | | | | overlooked in retirement planning but really shouldn't |
| like when you're ready to retire, and this will play a | | | | be. Your life is not over when you stop working at |
| part in your cost of living. If you're trying to base | | | | your job, and you'll want new and interesting things |
| your location entirely on cost of living you'll want to | | | | to do and this is something you'll want to think about |
| come up with a couple different locations in case | | | | when planning your budget. If there's something |
| things change between now and the time you're | | | | you've always wanted to do but never had the time |
| ready to move. | | | | for, plan on that being a part of your retirement life |
| If you have children or other family you spend a lot | | | | and plan for it in your budget. |
| of time with you'll also want to consider that in your | | | | As you can see whether or not it is smart to retire |
| decision. Not just for emotional reasons, but for | | | | outside of the US is really a personal question, but |
| financial ones, too. If you're going to be flying back | | | | depending on where you go, what you're hoping for |
| to the united states every other week to visit your | | | | in your later years, and your overall circumstances it |
| new grandchildren then living in a cheaper country | | | | can be one of the smartest decisions you can make. |
| may not be cheaper overall anymore. | | | | |