Resources for those who are trying to find the right retirement location

How to avoid signing your life over to a mortgage
distracted_at_work
Posts: 202
Joined: Fri Jan 13, 2017 11:51 am

Re: Resources for those who are trying to find the right retirement location

Post by distracted_at_work » Fri Sep 01, 2017 11:44 am

It took me 6 months but I finally remembered the earth awaits. You can put in your criteria (monthly expenses etc) and it will show cities around the world that match. I did it with my home town and it seemed accurate.

physdude
Posts: 30
Joined: Tue Sep 13, 2016 3:48 am
Location: Kuala Lumpur

Re: Resources for those who are trying to find the right retirement location

Post by physdude » Fri Dec 01, 2017 9:45 am

James_0011 wrote:
Mon Nov 14, 2016 1:26 pm
Why not retire abroad? Much cheaper and countries like Thailand basically have everything that the US does.
I second that. I don't like Thailand myself very much as a place due to relatively poor infrastructure and traffic (and especially after a former colleague ended up being jailed there for a month due to a car accident because he didn't pay a large bribe) but Malaysia is working out pretty well for me. The only city I have lived in the west is Chicago so I will use it as the base of comparison. The public transport is spades better than Chicago, the parks are just as good, the food is way better and cheaper if you like Asian food though Chicago is slightly cheaper and better for western food (duh!), it is safer than Chicago, the weather is also much better but, on the flipside, bike friendliness and general civic sense are much better in Chicago. Finally, the fact that the cost of living is less than a third of Chicago is what makes it so attractive. $500 per month for a 3 br, 1200 sf condo with nice pool and gym and right next to a train station 10 minutes to the city center (the Petronas towers) is pretty amazing value for money.

pa_girl
Posts: 3
Joined: Wed Feb 13, 2019 4:55 pm

Re: Resources for those who are trying to find the right retirement location

Post by pa_girl » Thu Feb 28, 2019 10:29 am

This is a great collection of resources! Thanks.

CS
Posts: 397
Joined: Sat Dec 29, 2012 10:24 pm

Re: Resources for those who are trying to find the right retirement location

Post by CS » Sat Jul 20, 2019 10:40 am

This is an old thread but I did want to point out that the state tax rate data can be deceiving. It is important to look at the specific rate for your projected income.

California's average 13.3% looks terrible compared to Oregon's 9.9, but at lower incomes Oregon is far and away worse since there are fewer brackets and no excluded income. It is punishing. But on the other hand, no sales tax (how much doe ERE folks buy anyhow?). CA is a much lower tax rate for low income, and there are superior social supports.

At least for now.

Travis
Posts: 2
Joined: Fri Oct 11, 2019 10:06 pm

Re: Resources for those who are trying to find the right retirement location

Post by Travis » Sun Oct 13, 2019 6:16 am

CS wrote:
Sat Jul 20, 2019 10:40 am
This is an old thread but I did want to point out that the state tax rate data can be deceiving. It is important to look at the specific rate for your projected income.

California's average 13.3% looks terrible compared to Oregon's 9.9, but at lower incomes Oregon is far and away worse since there are fewer brackets and no excluded income. It is punishing. But on the other hand, no sales tax (how much doe ERE folks buy anyhow?). CA is a much lower tax rate for low income, and there are superior social supports.

At least for now.
I ran the same calculation for my own upcoming retirement along with Colorado which has a 4.63% flat rate. CA is much less expensive than OR or CO if you can keep your income below a certain point.

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