Q&A Categories

Financial Question – how do I stack up?

Jun

29

2015

Hi, Domenick

I’m probably in the same boat as a lot of people who subscribe to your newsletters and/or are considering an expat lifestye… I work a good job but, given today’s U.S. employment market, my job will probably disappear before I’m ready to retire.

I look at Ecuador as an option for where I could spend some “bridge time” — the calendar gap of years between when my job disappears and when I begin to take Social Security.

Plan A is to work another 14 years and then retire, of course, but Plan B is to figure out where I can live off my savings and 401k for a while before pulling full-age-benefit Social Security payments :)

To help me figure out when I’ll be ready to make that leap, are there any “real expats” out there who would be willing to be open about what their personal financial situations were (even if anonymously) when they made the move?

I’d love to hear where real people were in their lives when they made their decision to move to Ecuador e.g. their age at the time, how much they had in savings / 401k etc when they made the change.

It’s not that I’m nosy, but I think I’m like most people — I’m just looking for some sort of measuring stick to figure out if I’m in better financial shape than the average person who makes this move, a worse position, or somewhere in between.

Please help if you can!

Tags: , , , , , ,

In: Ecuador Living Asked By: [2 Grey Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »

Other Top Ecuador Sites

Quito Airport Hotel

Guayaquil Airport Hotel Domenick Buonamici

Star Points Scale

Earn points for Asking and Answering Questions!

Grey Sta Levelr [1 - 25 Grey Star Level]
Green Star Level [26 - 50 Green Star Level]
Blue Star Level [51 - 500 Blue Star Level]
Orange Star Level [501 - 5000 Orange Star Level]
Red Star Level [5001 - 25000 Red Star Level]
Black Star Level [25001+ Black Star Level]