Author: Gary Pierce
Source: ezinearticles.com

If early retirement planning in on your radar, do not forget that retiring overseas costs a lot less than it does in the United States. $2000 a month, and less, goes a long way toward living well in places like Mexico, Ecuador, Uruguay, Panama and other countries.

In Mexico specifically 1 million Americans have retired there with more being driven south by the poor economy in the US. Folks that have seen their 401K’s tank…still want to retire…they are looking for lower cost options and Mexico fits the bill.

It is safe with you 3 times more likely to be a victim of a violent crime in the US vs. Mexico. The health care is cheap, $270 per year will buy you Mexican health insurance that covers everything, including prescriptions.

If retiring overseas appeals to you I would suggest taking a long trip to your country of choice and rent an apartment for a month, rather than a hotel room. Do the everyday things like going to the bank, doing the laundry, cooking some meals at the apartment. This conservative approach will keep you from making an expensive mistake. Never buy real estate until you have lived there a year…always rent first.

Retiring overseas will likely not be an option you hear from your planner…unless he or she has experience in this area. I would suggest going on line and getting some information there as a start.

Again, I caution you do not view living overseas through the eye of a tourist. Lying on the beach in Cancun is fun but it does not give you the day-to-day experiences that you will face living there vs. being on vacation.

Early retirement planning… make sure you examine all the options before you say you I cannot afford to retire. It is much cheaper to live in a foreign country. Enjoy.

Early retirement planning. Gary Pierce is the webmaster of http://www.frugal-retirement-living.com he retired early at 49, he is still retired at 64. He has experience in lifestyles that are both fulfilling and frugal. It is 2009 and many are wondering if they can ever retire. Don’t give up until you check out this website. Enjoy.