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Message
This Houston couple has $2.6 million and no idea where to retire
Posted on 5/15/21 at 3:07 pm
Posted on 5/15/21 at 3:07 pm
quote:
Dear MarketWatch,
My wife and I will turn 59 soon and plan to retire mid-2021 (we’ll both be 59). We currently live in Houston, but want to move somewhere with nice scenery, more moderate weather and less traffic. We can both tolerate heat better than cold. Climate may not be so bad in retirement since we wouldn’t need to shovel the cars out of the snow to go to work every day.
We have both worked steadily for over 35 years; my wife has maxed out Social Security contributions for about 28 years and I have maxed out contributions for 31. We will have about $46,000 in pension income as well as access to retiree medical insurance. We have about $2.6 million in investible assets, no debt and a house worth about $480,000. We expect to spend around $600,000 on a home wherever we end up.
We like nature but also being close to a variety of sit-down restaurants and unique establishments. Our original plan was to move to Cascais, Portugal. The main thing for us is that it has good scenery, good weather and is walkable. But the current virus situation made us reconsider moving out of the U.S. where we would be the “outsiders” for a long time.
We are not “dreaming” of any specific spot or activities; we are pretty flexible in those areas. Enjoyment of our retirement years is the main factor.
We know this isn’t a lot of direction for you to make suggestions on, but I hope you can point out ideas that we had not considered here in the U.S. Work and a few vacations each year is all we’ve done for the past 34 years.
Regards,
L & K
LINK
Is Florida the right answer here? Or maybe Savannah, Georgia?
This post was edited on 5/15/21 at 3:10 pm
Posted on 5/15/21 at 3:09 pm to rickgrimes
Jamaica
West Palm Beach, FL
West Palm Beach, FL
This post was edited on 5/15/21 at 3:10 pm
Posted on 5/15/21 at 3:11 pm to rickgrimes
Also retiring at 59 with only 2.6 mill is suspect
Im shooting to retire at 60 but my number is 5 mill
Im shooting to retire at 60 but my number is 5 mill
Posted on 5/15/21 at 3:12 pm to rickgrimes
They could live like royalty in Bawcomville
Posted on 5/15/21 at 3:13 pm to Cosmo
quote:
Also retiring at 59 with only 2.6 mill is suspect
Im shooting to retire at 60 but my number is 5 mill
Of course, the OT has to redirect the subject back to themselves somehow.
Posted on 5/15/21 at 3:14 pm to Cosmo
quote:
Im shooting to retire at 60 but my number is 5 mill
Very subtle, I’m a Doctor brag.
Posted on 5/15/21 at 3:15 pm to rickgrimes
Fairhope Alabama near the bay
Posted on 5/15/21 at 3:15 pm to PeteRose
quote:
Of course, the OT has to redirect the subject back to themselves somehow.
I retired at 35 and had already saved up $20 million.
#theOT
Posted on 5/15/21 at 3:24 pm to Cosmo
Baw I could retire at 25 with $2.6 mill
Posted on 5/15/21 at 3:25 pm to Dr Rosenrosen
quote:
Denver suburbs.
I think this couple is looking to be close to water.
Posted on 5/15/21 at 3:27 pm to Dr Rosenrosen
Maybe if they’re yuppie progs. Denver is a joke now.
I’m taking my money to Bozeman before anything in Colorado.
I’m taking my money to Bozeman before anything in Colorado.
Posted on 5/15/21 at 3:30 pm to Cosmo
quote:
Im shooting to retire at 60 but my number is 5 mill
The way inflation is looking, I will be shocked if that would equate to 2,6 million at today’s dollars.
Posted on 5/15/21 at 3:32 pm to rickgrimes
House on the beach, on cape san blas
relaxing, nice beach, and a perfect place to just watch the sunset and sun go down every day.
relaxing, nice beach, and a perfect place to just watch the sunset and sun go down every day.
Posted on 5/15/21 at 3:33 pm to Cosmo
quote:
Chalmette
You can buy Chalmette for $600,000
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