Will you retire outside of Canada? You can here on $30K per year.

[rafterman]

http://money.ca.msn.com/retirement/...o-retire-for-less-than-dollar30k-year#image=1

Interesting article from MSN Money. Several Latin American countries on the list and surprisingly France and Italy. If you want to stay in Canada then PEI gets the nod.

 

[afterhours]

is there any way to access it without signing up for microsoft?

 

[SirWanker]

is there any way to access it without signing up for microsoft?

umm you don't have to. the link works for firefox & chrome

 

[Plan B]

If you're not tied down, and in good health, leaving Canada would be a great move. Living in a nice climate might also extend your life, and the women in most of the listed countries and friendlier and nicer than Canadian women.

 

[Danolo]

I would choose Thailand...from my research one can live there pretty well for about $2,000 a month.

Lots of LBFM's as well.

 

[mrsCALoki]

We are retired and LL went expat. So far it is perfect

 

[Hangman]

I think you'd really want to know the local language. It all sounds fun, but in retirement, imagine trying to explain a complex medical problem to a doctor who doesn't speak English.

 

[hungry]

I would choose Thailand...from my research one can live there pretty well for about $2,000 a month.

Lots of LBFM's as well.

I jsut finished spending a year there, and you can live very well on 1k/mo.

 

[TOman]

I jsut finished spending a year there, and you can live very well on 1k/mo.

I nominate you as out Terb "Thailand" correspondant.

 

[Richard.TO]

Thanks for sharing this. I'm considering this option when I retire, possibly spending 6 months of the year in a warmer climate then returning to Canada each year for as long as I can. One thing you need to keep in mind are the rules for collecting OAS as a non-resident if you become one. http://www.servicecanada.gc.ca/eng/isp/pub/oas/oas.shtml

 

[Phil C. McNasty]

I think you'd really want to know the local language. It all sounds fun, but in retirement, imagine trying to explain a complex medical problem to a doctor who doesn't speak English

Any reasonably intelligent person would pick up Spanish in less then a year or two. Some people even quicker.

Its not really an issue

 

[oldjones]

Any reasonably intelligent person would pick up Spanish in less then a year or two. Some people even quicker.

Its not really an issue

And English is what Latin was in the Middle Ages, the universal language of the literate. Not to mention that the locals in any place where expats figure they'll get a good deal are smart enough to figure how to serve them in English, and that includes doctors, and teachers right up to university. And most of them work cheaper where the cost of living is low.

Besides, I'd bet part of the $30K to retire there strategy includes coming back enough to keep one's existing healthcare.

 

[rld]

i subscribe to the hard copy of that mag. It was a pretty good article with some good ideas in it. Made me think about buying a home overseas and keeping one here.

 

[mrsCALoki]

Besides, I'd bet part of the $30K to retire there strategy includes coming back enough to keep one's existing healthcare.

I found all the rules needed to keep Ontario Health care active very confusing; pretty much you must have a residence in Ontario and spend at least 153 days in Ontario out of every 12 months. At least for retired people . Students get a better break. Also no coverage provided for a lot of things when out of Canada.

 

[danmand]

I found all the rules needed to keep Ontario Health care active very confusing; pretty much you must have a residence in Ontario and spend at least 153 days in Ontario out of every 12 months. At least for retired people . Students get a better break. Also no coverage provided for a lot of things when out of Canada.

It is very simple: as long as you pay tax...

 

[afterhours]

And English is what Latin was in the Middle Ages, the universal language of the literate. Not to mention that the locals in any place where expats figure they'll get a good deal are smart enough to figure how to serve them in English, and that includes doctors, and teachers right up to university. And most of them work cheaper where the cost of living is low.

Besides, I'd bet part of the $30K to retire there strategy includes coming back enough to keep one's existing healthcare.

I think one would be better off buying good health insurance rather than wasting money on coming back to this cold country with crappy OHIP

 

[mrsCALoki]

It is very simple: as long as you pay tax...

Nothing at all to do with taxes. If it was tax based, many in Toronto would already have lost their coverage.

 

[mrsCALoki]

I think one would be better off buying good health insurance rather than wasting money on coming back to this cold country with crappy OHIP

Of course. The Canadian health care system offers incredibly limited coverage out side of Canada. Even worse than in Ontario.

 

[hungry]

I found all the rules needed to keep Ontario Health care active very confusing; pretty much you must have a residence in Ontario and spend at least 153 days in Ontario out of every 12 months. At least for retired people . Students get a better break. Also no coverage provided for a lot of things when out of Canada.

In Ont, if you leave the country for an extened period, I am not sure how long, you have to wait 3 months before you can again get OHIP. If you have health care from Alberta, BC and I think NB, you are covered as soon as you return.

 

[oldjones]

I think one would be better off buying good health insurance rather than wasting money on coming back to this cold country with crappy OHIP

The question is whether that "…good health insurance" is factored into the $30,000 the article says a retired person can live on. Not to mention what applying out of the blue at age 65 might do to ordinary premium rates.