The Motley Fool: How to Face Some of the Greatest Challenges of Retirement Billy and Akaisha Kaderli - The Motley Fool
go to original February 27, 2015

Retirement is supposed to be a carefree time of life, but for many Americans, it's anything but. A recent piece by MarketWatch discussed many of the issues retirees face today. In response, we'd like to share some solutions to these difficulties.

In nearly a quarter-century of retirement, we've found that by diligently managing our money and keeping our minds open to alternative living situations - even living abroad - we can easily make ends meet and keep our stress levels low.

According to the Census Bureau, about 15% of people over age 65 live below the poverty line ($15,730 for a couple), while nearly half are considered near-poor, i.e., their income is less than twice the poverty level.

Living in the States at the poverty level is difficult. However, in countries such as Mexico, Guatemala, Ecuador, Thailand, and Vietnam, we met singles who live on their Social Security - or even less. Couples can easily live on less than $24,000 annually and have a comfortable life. In two decades of retirement, our average yearly spending is well under $30,000.

If your retirement is underfunded, you might consider looking overseas for an alternative location to enjoy your golden years. In addition to a lower cost of living, you might enjoy better weather and higher quality of life.

Read the rest at The Motley Fool

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