How to Retire/Live/Travel with Only Social Security

Hi,

Your story is very inspirational.

My husband and I have traveled to many parts of the world.  I am 62 and he just turned 65.  We are real estate brokers but lost all of our assets in the real estate crash.  From reading your stories it seems like you have always had some good assets to fall back on if necessary.  Have you addressed situations like ours in any of your books, i.e., how to retire/live/travel, etc. with only social security and say $50,000 in savings?

Thanks

N.

All of our books lead to adventure. Don’t miss out on yours!

Hi N.,

Thank you for taking the time to write, we appreciate it.

Sorry to learn of your misfortune, but don’t give up hope for a satisfying retirement. We know many people who live only on their Social Security. You could do well living in Mexico, Guatemala, Thailand, Ecuador, or the Dominican Republic, for starters.

It might require some mental or emotional flexibility on your part to adjust to cultural differences, but if you have already traveled to other countries, then you are probably familiar with what cultural challenges you might face.

I would recommend a couple of things from our website. Take a look at our video, Adventures in Financial Independence. We share some personal financial information and it might be useful to you in terms of modeling your retirement.

You might also be interested in our book, The Adventurer’s Guide to Destination Choices.  In this book we compare these destinations and it could give you some insight into these locations for retirement.

Our book, Your Retirement Dream IS Possible gives an interactive spending spreadsheet which we utilize ourselves to track and monitor spending on a daily basis. If you are watching your money, this spreadsheet is invaluable.

Our Retirement Relocation Page might be useful to you also. You will find lots of links to Expat forums there along with cost of living sites.

Another page that might be helpful is our Retirement Jobs Page. If becoming a digital nomad or making money online for extra income appeals to you, you could be a tutor, for instance.

Take heart, and we wish you the best. Please feel free to write to us any time with your questions.

Sincerely,

Akaisha

 

About Retire Early Lifestyle

Billy and Akaisha Kaderli retired two decades ago at the age of 38 and began traveling the world. As recognized retirement experts and internationally published authors on topics of finance and world travel, they have been interviewed about retirement issues by The Wall Street Journal, Kiplinger's Personal Finance Magazine, The Motley Fool Rule Your Retirement newsletter, nationally syndicated radio talk shows and countless newspapers and TV shows nationally and worldwide. They wrote the popular books The Adventurer's Guide to Early Retirement and Your Retirement Dream IS Possible.
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