I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Sharon Lee Peoples is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her
I just moved from the Florida Panhandle to Tokyo Japan and my cost of living is now 50% less than in Florida. It’s so cheap here. Better food, better life, and a trillion more things to do than in FL.
Hello. I have something to say about retiring in the Czech Republic. My husband and I tried it five years ago. Absolutely, one must learn the language. Especially out side of Prague. Also, one absolutely must have personal connections to help navigate everything if one lives outside of Prague. To get a driver’s license is near impossible if you don’t know the language extremely well. Finding a doctor or dentist to take you as a new patient is near impossible 2:55 out side of Prague. What good is inexpensive healthcare if you can not be seen? I had to fly back to the US to get a crown replaced. And I had to pay full price because I no longer had US health insurance. But hey, at leastI got it done. Anything outside of Prague is very difficult for a foreigner. My husband is Czech and US .dual citizenship, and he had to struggle to get anything. The layers of bureaucracy that we had to go through to get my residence is astounding. We had been married 32 years in the US, but it took over nine months for me to obtain residency (and that was only for five years, and only provisionally, based on whether my husband lived. I could have found myself as a seventy year old widow with property I could not sell, booted out of the country. Finally, it was too much, even for my husband. We retreated back to the US. We could only afford a house in the rust belt (not our area). We had given up our lovely property in the Pacific Northwest, but can no longer afford that area. Be very careful about the laws and customs of the countries you are trying to go to. My 80 year old husband was quite surprised by the resistance and difficulties of what he had considered his own country. Btw, I was really in danger of being deported. No matter what we did, or how we tried to comply, we were continually being told “your papers are not in order”. I aged five years during my one year in the CzechRepublic.
Hello. Foreigner(3rd country) here. I totally agree with the comment above. After 6 years in Czech republic we decided to move somewhere else. Prices are crazy, economic situation is terrible, people are mad because of it. It is worth mentioning that Czechs hate foreigners.
@@legionivo what surprised us so, was that my husband was also a foreigner. He had escaped after the Russian tanks rolled in, but when Communism fell, he got dual citizenship. Sadly, he tried to go home to a country that was no longer his.
Loved all those countries as a tourist but I feel much better when I arrive to our home in a little lake in South Florida. Less than one mile to a Walmart or Walgreens opened 24 hours, easy accessibility to great hospitals and doctors makes our lives better than the second best, our 14 years of military life in Europe.
Your expirience might be very different from any other EU country as there is EU regulation and laws, healthcare has EU wide programms etc. So for a non EU citizen it might be more difficoult
New Zealand does not want old people. You need to do more homework about what they actually make you pay to live there. To become a citizen in most of these places is almost impossible, and takes many years...years a lot of retirees don't have. Just to live there is doable, but you must pay separately for healthcare coverage. Granted, it is less than in US, but not free anywhere. Many require capital investment of a lot of money just to be permanant resident.
They don't want you in New Zealand unless you are young and rich! I've known this for years and am surprised that you didn't!?! If you did it wouldn't be on a best place to retire video. I thought that your research was better than what this video would indicate! And if you think any of the countries with good public Healthcare are going to let you take advantage of you are sadly mistaken and should find another form of income besides You Tube videos! Just Saying.
If it less than $2500/mo for a couple's healthcare it is better than what we paid before Medicare. Apply for private healthcare in you 60s and see how much it costs you.
I’m quite a few years away from even thinking about retirement, but I love seeing videos like this about other countries! Especially cold places, like Iceland and Norway; right up my alley 😅
One of your older videos inspired my family to actively look for a house outside of the United States. Thank you Briggs. We bought a house in Italy. Keep up the excellent videos!
I lived in Switzerland. An amazing country. If you choose to live there, keep in mind the Swiss are for the Swiss, you will always be an outsider. They are kind but not warm towards you. They will remind you, you are not Swiss.
Love the Netherlands. So civilized. I do worry about the rising ocena, though. I mean, they are forward-looking and have world-class technology for water management, but still, it's a significant challenge. I absolutely love Amsterdam and surrounding areas. And close to Brussels and France, which I also love.
You are awesome! BUT…..being retired in the USA, on two teaching pensions and crappy SS, we get by with $3000 month….really nice house, comfortable, great healthcare….in Tennessee. Ive lived in NY upstate, Maryland, California and France. Would not trade Tennessee for anywhere else! Except maybe vacation in France lol. Im done traveling!
I totally "agree" with you... * "In what foreign countries around the world, can you retire and enjoy life on "Social Security" and a low-cost-of-living ?" :)
I just visited Prague Czech Republic and absolutely loved it. It is affordable, Lots of things to do, Many fitness centers to Keep in shape, people are nice, food is very good and the $ dollar goes a long way. It’s one country I wouldn’t mind staying 3mos. Out of the year at.
I just moved from the Florida Panhandle to Tokyo Japan and my cost of living is now 50% less than in Florida. It’s so cheap here. Better food, better life, and a trillion more things to do than in FL.
Can you do a video of where most people at actually retiring? The places on this list are not realistic to most people due to their high cost. How about popular countries that are affordable? For example, I don’t know anyone who retired to the places on this list but I know multiple people who moved to Thailand and others who moved to Mexico, Costs Rica; and Ecuador. Can you do a video on places like that because if I do retire outside the US, most likely it will be in Southeast Asia or South America not Europe.
Iceland is incredibly expensive, y'all. A simple (but delicious) lunch of fish stew and some fresh veggie sides at a cafe in Reyjkyavic will set you back about $45.00. Working age adults work 2-3 jobs to survive. Beautiful and amazing place, but incredibly expensive.
Have read many fiction books and TV series (try "Trapped") set in Iceland and have always been attracted, but the weather cannot be underestimated. I once heard someone say, "the only thing between Iceland ant the north pole is...WIND!
True. My dad is one of them spends his summers in New York with family, Spring up here in the PNW with my sister in Washington and me in Oregon. When it starts getting cold he heads south to my brothers place in SoCal. That man hates the snow
I living auckland new zealand and yeah its terribly expensive with a crime rate thats sky high.. and yes its so expensive you get stuck in a poverty loop as Auckland is where the good jobs are. Also, every major city in NZ are just as expensive as Auckland. And if you move here and your not wealthy then forget about buying a house. The average house price is over a million bucks nzd which is over 700k u.s. So you will rent till you die or buy a shack in the middle of nowhere.. your better off retiring in the states. You know that crime i talked about, well its illegal to defend yourself here. If kill or injure a burglar in your house then you go jail not them. Well sorry for the bad news but thats how it is.
You should move back to the states where you can shoot all the guns you want with very very sky high crime rates. The thing is you won't because NZ is better.
I've thought about retiring outside of the US many times. My biggest fear (should I ever do it) is if the dollar crashes or even drops significantly, which is more and more of a possibility. My retirement income is paid as a fixed number of dollars so I'd always be at the mercy of the current exchange rates.
I think that most retirees are in the same boat. I plan to travel and see many countries before I decide to leave, if I do. As long as my monthly expenses are quite a bit less than my monthly income I will be alright. Most world currencies are more volatile than the dollar. If the dollar falls most likely the other countries currency will fall also. Besides, if living abroad doesn't work out I can always return to the USA.
I retired to Thailand. Currency exchange rates do fluctuate. If there are visa financial requirements then it is important not have an income too close to those requirements. You need to have enough of a buffer to the fluctuations. During my time in Thailand the exchange rate bounced between 30-33 baht to the $. Last summer it went up to 38. Currency exchange rates are more important than inflation when considering retiring overseas.
@@marianop2596 See my comment above. We Americans need info. on the cheapest yet most amazing countries in Central and South America. I'd add in that parts of Africa might be worth a look at. Just sayin'... 😊😊
It's potentially a problem in theory, though the dollar has held up very well in recent years in practice. Definitely change the channel from Fox News if you're watching that...they falsely bleated about coming hyperinflation when we elected the first black president and it didn't happen. They will put their political agenda above reporting the truth.
My concerns are the THREE F'S: family, friends, and familiarity. In additon to the monthly cost of living Briggs notes, which you probably want to increase by 30%-50% for a safe cushion, you're going to have to factor in the costs of traveling back at least once or twice a year to see familiy, friends, and favorite places. For extended stays. You won't want to come back from Australia for a week. So, there's an additional cost. Moreover, if you've had those people in your lives on a constant basis, that's going to be a big change. Retirement isn't necessarily the easiest time for many people to make friends, especially in a strange place, beginning with no connections. Then there's familiarity. It's convenient to have things sorted out. Doctors, hospitals, dentists, accountants, lawyers, and all that stuff. Even restaurants. Of course, trying new things is also nice and novelty on a routine basis is very good for the brain, but a certain amount of familiarity is convenient.
As someone who went to Switzerland for 3 days I agree, you need some serious cash. All of us 20 year olds here me out, go crazy on retirement savings while we’re young. I personally invest in my retirement and personal savings crazy to retire comfortably. I don’t intend on retiring in Switzerland, due to cost and not being near a coast. When I retire I plan on going back to the motherland of Mexico or to Spain. One thing I wanted to know, can someone who retires in another country receive social security benefits or, are they only able to receive the retirement benefits they invested in early on? I may be 25 now but, never too late to plan ahead
Yes you can receive Social Security benefits if you live overseas. You can even have your SS benefits deposited directly to foreign banks. You cannot use Medicare outside the US.
Invest when you have 1 year emergency fund and stable FT job. nothing is guarenteed though. never put all your eggs in a single basket. diversify. Hope this helps.
you can legally receive SS while living over seas, they’re are often tax implications with the new country but many have reciprocal income tax agreements with the USA so you’re not double taxed the big one other than housing is usually health care Medicare won’t be an option overseas but most countries have far cheaper universal health care but having access to their their systems may require some time or you may need supplemental private insurance though from what I’ve priced it’s usually 40-60% cheaper in annual cost than here in USA
@@btl4220 I figured the taxes would be a slight issue. But I did hear some countries do not allow American retirees to their SS money though. Then again I am 25 so things could change lol
C'mon, Briggs, all this info is fine but I doubt it helps many people. Need to weigh affordability much more heavily to appeal to the masses, even if the GRI score is a good bit lower. I'm 60 and have been to SE Asia more than 60 times and South America and Europe around 12-15 times each but am not wealthy and am looking at Social Security + maybe $1,000-1,500 off the nest egg if the draw rate is 4 to 5%. It's either work to 70 in the U.S. or go elsewhere at 62-63. Not that hard a decision but still a bit intimidating even to me. Thailand is most likely target, then Malaysia, then maybe Ecuador or Peru. I figured out years ago that with the U.S. you're just saddled with too many expenses that don't pull their weight in contributing to happiness. And most are the fault of the private sector, from car-centrism to the most expensive health care system to rampant greed in bidding up housing by those with no intention of living there. I'm extremely fortunate in seeing through travel that it just doesn't have to be that way.
😂 retirement to half of these countries you need a lot of money. Ireland tax is 48% I believe. Switzerland tax is not as high if you live away from Bern, Zurich or Geneva. The Czech Republic doesn't offer a retirement visa. 3 ways you can get in work, naturalization, school. I would choose a country like Malaysia or even south America. Uruguay, Costa Rica.
Mexico would be an interesting and ( NOT ) tourist town or expensive coastal towns. Some of the most beautiful old Mexico towns with history in the mountains have a ( lower-cost-of-living ) than these European cities and towns... :)
Absolutely need to factor in the ability to and ease of actually retiring in these places. They can be beautiful and even affordable (for some), but if the process is forbidding, then, that may not be a solution.
Since Americans are limited to 3 months per visit to New Zealand, how is it possible to retire there? It was my understanding that one must have a certain occupation in order to be able to get the proper visa to move there.
I'm here for the tribute more than facts proven by stats. Prayers, good vibes, much love, whatever makes you feel good, Briggs. Loss of any is tough but in such lows, we learn to appreciate the highs in the given time. Keep the memories alive🇺🇲
Switzerland would be my choice, although it’s almost impossible to get citizenship. Great balance of freedom and social order - something seriously lacking in the USA.
I retired to Thailand. I know that there are a lot of videos saying you can retire to Central America, Eastern Europe, and Southeast Asia on $1000/mo but don’t believe it. You are still going to live a pretty limited existence in these countries at that income level.
Ireland is an interesting one. The Cities ( mainly Dublin ) are expensive, but there are a lot of nice commuter towns that are pretty affordable. Due to it's relatively small size, it's also really easy to explore the entire Country, as well as the UK. So there are plenty of options for things to do.
I worked there for a while and really liked it. I found the people very friendly and down to earth. Most of them joke around quite a bit - and sometimes the joke is on you! 😉 It's a great place to live if you like rainy days, which are close to 300 per year.
@@racebiketuner yeah, the weather is by far the worst thing about living here for me. Although, it's really sunny at the moment, so gotta make the most of it while I can lol
We retired into a travel trailer in a 55+ RV park in southwest Texas. We tow the travel trailer north to visit grandchildren every summer. Retiring in an exotic Ocean front location would be nice but could we afford to come back to the USA to visit the multiple States where grandchildren live?
Have family that moved to Costa Rica from Louisiana.. Which is right across the Water🔍🤔 I grew up in public school, it's why it sounded far away until they showed me.. It's actually not that far and cheap😂 they come back on a boat multiple times a year😎🙏💪☝️👍
Okay I did some research on this and had it all on a spreadsheet with things like cost of living and safety and healthcare etc. the top two places to retire in Europe were Georgia (pre-Russian invasion of Ukraine), and Romania, specifically Timisoara, Romania. Check these places out!
How about safety? In Russia and the USSR satelites, I always think of holdover effects of mob rule. Also, how many of them understand basic English. Not that I am opposed to learning a foreign language, but I do question my ability. I can acquire vocabulary quickly and read it, grammar and speaking it are a different matter. I think would take me a decade to become comfortable speaking it, and even then I'd probably sound like an idiot because of grammar.
The guy's comment about learning the language probably applies just about anywhere you might move. I know citizens of many countries are usually fluent in English today, but it just seems like most people would be more welcoming of those who make the effort to learn the local language. And I can't imagine being comfortable not being able to understand the people around me every day.
With all due respect, I wouldn't even consider retiring in most of these (rainy and boring) countries. By the way, a lot of people of these countries are leaving it, when retired. It would be interesting to see a ranking by "foreign retirees in the country". I'm pretty sure that we would not have at all the same ranking as in this video.
My dream would be Switzerland or New Zealand. There’s no place quite as beautiful on earth. But I can’t seem to find a way to qualify for a visa for either one. Moving there is no easy task. Money or no money. It’s just not easy.
Love these videos! Would like to see both a video on the eastern places and the most affordable in Europe. Prehaps also one on Oceania excepting NZ and Australia.
Would love to hear the affordable places list. Most of the places on this first list, I would love to live at. However, the cost is too high for me to consider them as a valid option.
What, the freedom to hate? The freedom to burn biooks? The freedom to terrorize librarians, doctors, and nurses? The freedom to engage in terrorism by making death threats to anyone who says a peep? The freedom not to wear seatlbelts? The freedom not to pay taxes? The freedom to pack assault weapons into a suburban Chili's? Please distinguish between freedom and free-DUMB and civility.
5:42 funnily enough, I am 19 and still got that one. That is because I was in the orchestra for a high school play known as Bye Bye Birdie, and Ed Sullivan played a role in the plot.
I’m from Norway and the price you mentioned is so true. I actually thought it would be more expensive 😂. It is really expensive to live here, trust me. 😅 However you should have mentioned that it’s not easy to emigrate to Norway.
@@martharunstheworld yep, most of Western Europe unfortunately Italy, Spain, maybe France are possible but Portugal probably easiest U.K. does allow up to 120 day stays unlike most Schengen countries limit of 90
People missing on Poland, Hungary, Romania, Greece, Italy, Spain, south of France. Great weather, the healthcare system is decent enough, pretty safe and with 3000$ you can live way beyond comfortable, with 5000, you'll feel like royalty.
not so sure about Poland or Hungary these days, very close to Ukraine and Poland has taken in thousands of refugees, also their leaders seem to be embracing autocratic ways definitely Italy, Spain, Portugal
I know very smart, affluent people who looked into Tuscany. Quickly learned that the mafia often gets involved in adding its slice to your mortgage for protection,,,from THEM. They examined it a bit and switched to Provence. So, you want to consider that, look into it, before you make your move to purchase a house.
I very enjoyed this episode. It’s what we’re looking for as we retire next year. I had done a bit of research on emigrating to some of these countries, and found that it can be quite difficult. Is immigrating to a country different from retiring there? I was especially interested in immigrating to Norway, but learned that they have some requirements, most notably that you had to be proficient in the Norwegian language. Ireland is looking good to me now, since I am of Irish heritage, and they speak a version of the English language. And, again, is immigrating to Ireland different from attaining citizenship to Ireland? My wife is from South Korea. I would gladly retire there with her, but, she’s not into it. Korea is a beautiful country, with great infrastructure, excellent health care, and very affordable, outside of Seoul.
a few countries are easier as a retiree instead of worker, they’re less concerned if you’re not coming in and would “take” a job from one of their own citizens
I miss here some Mediterranean countries such as: Spain, Portugal, Italy, Greece …… Those are much more cheaper to retire, much better weather and food 😃. I live in Spain, so you can ask me whatever 😘
I’ve travelled a lot and am telling you… there are very few places that welcome exPat retirees from anywhere, but especially the USA. They like tourists not immigrants and they will make it difficult for you to live there permanently. Retire where your roots are folks.
Will you share these countries and how long you spent time there? Would be interested. Would like to understand "make it difficult for living there permanently". All countries have different immigration standards and would like to know where you travelled or lived.. Scotland from what I have read is impossible to immigrate to. And I have a parent that was born there. I lived in Spain and never felt unwelcome, but in fact everyone seemed interested but all the while laughed at our country for its political situation and obsession with guns.. I do speak Spanish, not the greatest but did attend the University of Valencia. Now thinking of returning. Guess our "roots" come with mass shootings, political unrest, crime, unaffordable healthcare etc.
This video provides valuable insights into the best countries to retire in for 2024. It's helpful for planning the next chapter. Thanks for sharing these promising places to live!
Are you taking into consideration places that will not let you retire in? Like Norway, you can only live there IF: You have immediate family, a waiting job or you're getting married to a Norwegian. You can't just retire there. LOL
I retired in NZ. Healthcare is OK. Housing is off the rails expensive. Food has gone up considerably in the two years I've been here and it's a serious problem for most. NZ if very heavily reliant on China and you see far too much very low quality chinese goods because of it. You should be an outdoors kind of person if you want to live here. If you have an expensive medical condition that will be viewed as a drain on their system, you will not be approved.
Thanks for insisght on China. That is a concern. There is a pretty compelling argument around that China is in for a hard collapse in the coming years due to its dramatically, rapidly aging population. Its economy is also propped up by an enormous amount of debt. And you've got western countires disentangling themselves from it economically. That will take years because so many companies have put operations that. Heck, some, like Tesla, just barely got there. I don't think Musk is leaving soon.
I only saw one country where someone might be able to retire on their social security. While they may have a good quality of life in those countries few would be able to afford retirement in those countries.
DEAR, MR BRIGGS WHILE I AM HERE IN DENMARK 🇩🇰 I AM ATTEMPTING TO LET AS MANY PEOPLE IN DENMARK 🇩🇰 THAT BABYLON (THE UNITED STATES 🇺🇲) IS FALLING!!!! JUST BEFORE I TOOK MY TRIP TO DENMARK 🇩🇰 THE UNITED STATES 🇺🇸 GOVERNMENT WAS ABOUT TO HAVE A SHUTDOWN.
The Bermuda fact isn't surprising at all given how isolated they are, but also they're somewhat tropical, too, which will always add to it by default. I'd imagine if St. Helena was more developed, they'd probably be the most expensive place in the world to live due to pure isolation.
True, but it's expensive lol. It's also cold. I actually love cold weather, I would prefer it if the world was in a constant snowfall. However generally the older population doesn't like the cold too much.
Love London. Been there ten times. But it has become ridiculously expensive. I could probably afford it if I lived on the outskirts, but, within a few months, the charm would become overwhelmed by the daily disgust with how expensive every little thing is. When you're only there a week or two, you can live it up and enjoy it, but month after month, year after year? Throwing gobs of money for everything would just become a sad way to end out your life.
I grew up knowing the US is the best country to live in. Now I'm old and cynical and I think anywhere is better than here. Yes, knowing which country is higher than the US and more affordable would be nice.
I live in Ireland and it's massively expensive at the moment, and going up by the day. Food that cost $80 a week in 2022 is now $120 plus. Cars are expensive to buy due to government import tax. Tax is high when you live here. Lovely country and people, shit financially. Doctors are hard to get, dentist will only see me privately, although I am entitled to treatment as I have a medical card. Don't retire to Ireland, I'm looking to leave!!
We are giving New Zealand consideration. We love visting there. Auckland is wonderful and we found it pretty reasonable pricewise compared to the West Coast of the US.
Great information! Unfortunately, all the countries you listed are COLD and FREEZING most of the year? What are the best places to retire that are near the equator and/or warm and balmy year round??? Maybe in Africa? Asia? South America? I'm old, hate cold. And, by-the-way, I tried to retire in New Zealand 12 years ago and their laws absolutely prohibit anyone from outside the country for stay there longer than 3 months. They do NOT want people to retire there and will quickly eject you from the country if you overstay. So the score doesn't matter. They just hate foreigners who want to stay and are very nationalistic. That's my personal; experience.
Thank you for this really great video. Please can you do a second one focusing on countries in the East? It would be great to hear scores on countries such as Malaysia, Singapore, Vietnam, Thailand etc Thank you so much.
