Author Topic: Awesome coworker - moving to retire  (Read 2277 times)

Prairie Stash

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Awesome coworker - moving to retire
« on: May 27, 2014, 04:28:05 PM »
A lady at work is retiring in two weeks - age 56.  The cool part is her utterly great strategy. She's moving to Mexico - after 2 years of planning for it. She's covered the medical and other problems.

Quick numbers are her house will sell for $400K and she bought an equivalent for $111K (fully furnished). An average house here is $300K, I didn't feel polite asking exact numbers. Property tax is roughly $2,500 here - $200 in Mexico. I pay for heat and AC (-40 to +40 C, in American that's -40 to 104 F), another $1K/year. She's no longer shoveling snow every winter either. According to her food will be cheaper too, with more availability of fresh produce

Basically I see her putting $300K (or more, she sold possessions too) into investments and slashing expenses by at least 3K/year or more (without all the other details). I asked her to send me the details if she ever writes them down.

Anyone else move to retire early?

Milspecstache

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Re: Awesome coworker - moving to retire
« Reply #1 on: May 27, 2014, 05:46:24 PM »
I've considered it as my property tax would drop from $2200/yr to about $300/yr and most of my other living expenses would also drop significantly.  The only sad part is my children would have a much harder time finding jobs.  Definitely some trade-offs.  Little easier if you are just moving yourself.

 

Wow, a phone plan for fifteen bucks!