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Early Retirement Planning: Destination Pros and Cons

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By brawnydt


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Looking At Early Retirement Realistically

As you continue to plan for your early retirement, you will find that as with many things in life true success depends on the details. Planning ahead is never a bad thing when making a life changing decision such as this. An important part of your retirement will be learning how to manage your money and invest internationally. At this point you should have made your early retirement checklist and determined the best destinations where you are willing to retire too, and what standards of living you will expect while there.

The next wise step to take is to write down all the places that appeal to you and your family. There are a lot of places around the world to choose from, so making your list into a pros and cons list may prove effective to figure out the advantages as well as the disadvantages of every option you have in mind. Here is an example of some places that might be on your list:


Pros and Cons of Retirement Destinations

Spain.
•    Pros: With Spain’s wonderful climate, beautiful surroundings, rich history, diverse and colorful culture, thriving economy, and affordable cost of living, it’s no wonder so many people dream of living there.
•    Cons: The system is very different to the U.K. and Ireland and at times very frustrating, and getting a work visa can be challenging.

France.
•    Pros: There are many regions of France that are rural and offer beautiful scenery. Also the choices of houses are enormous and each one if filled with unique French charm.
•    Cons: If you want to downsize, simplify your life and be less stressed, then France is probably not the answer. The overwhelming and mind-numbing bureaucracy drives grown men to tears. Also getting a job is very challenging especially if you do not speak fluent French.

Honduras.
•    Pros: Honduras offers a wide variety of cultural experiences that most people can only dream of seeing
•    Cons: It all comes down to the language. If you are not willing to learn the language of Honduras, Spanish, then it may be less of a satisfying experience.

Mexico.
•    Pros: Mexico is much more relaxed and moves at a much slower pace. This can be great if your goals are to relax and move slowly
•    Cons: It’s the little things that seem to get to people. For example some begin to miss family, friends, their language, ease of access to the things that made them "comfortable" in the states. Also, the slow pace can be like swimming against the current if you have any real ambitions

Never Doubt The Power Of A List

These are only a few options you have at your fingertips. Using search engines to find information online is an excellent investigative tool due to the fact that the information is limitless. As you are doing your research, keep in mind the list you made in step one, recalling the attributes that were most important to you.

Never doubt the power of a pros and cons list. Early retirement planning is best done with care and patience, you've come this far, no need to rush anything. Next you will take your new list and pick the top retirement destinations for you and your family.

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