Author Topic: I thought I was doing really well saving, but it's not enough  (Read 10802 times)

spartana

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Re: I thought I was doing really well saving, but it's not enough
« Reply #100 on: November 27, 2019, 11:12:45 PM »
^ Maybe if they require a passport? Although even someone like me who was married long ago at 23 kept my own name - no hyphen or anything.  I can't remember having any problems but I'm sure some countries would require a marriage license if you have different last names.


I'm divorced now and won't remarry because of financial reasons. There are lots of pros and cons to legal marriage but a lot of it depend on.where you are at in your life.

Neither my passport not my husband's says anything in it about our marital status.  How on earth would anyone know if we are married or not while we're traveling in a foreign country?  OK maybe as Panda says in some Islamic countries?  I have numerous friends who aren't married to their partners (with or without children) and who have traveled and lived all over the world and they have never mentioned any problems at all. 

That's true. Names don't indicate whether a couple travelling together is married or not unless directly asked. So no one's going to know or, in most parts of the world, care either way.   Maybe in some Islamic countries you'll need to provide proof but otherwise I doubt anyone asks.
« Last Edit: November 27, 2019, 11:15:50 PM by spartana »

mistymoney

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Re: I thought I was doing really well saving, but it's not enough
« Reply #101 on: November 28, 2019, 10:15:34 AM »
Bringing a spouse to live in another country where they would be entitled to work is a different thing. presumably, that is because the other spouse is already a citizen or otherwise authorized to work there.

Just expatriating with sufficient funds and no need to work is completely different - and shouldn't really impact if a married couple or two singletons are doing it, except for two paper trails instead of one.

MoneyQuirk

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Re: I thought I was doing really well saving, but it's not enough
« Reply #102 on: December 02, 2019, 12:18:48 AM »
I think you're being way hard on yourself!

Let's review:

325k saved. $125k earnings per year. Another 8 years before considering changing.

At 50% savings, that's 60k a year, or another $480k.

Even if all your funds didn't grow during this time, you'd still have 800k at the end of this.

800k is a 32k/year withdrawal, which is most likely sufficient for your purposes.

I think you're doing great! Keep it up :)