A move to another country may make economic sense, especially for seniors who don’t have enough savings to live in retirement without a dramatic cut in lifestyle.
By Scott Burns
A move to another country may make economic sense
Several years ago a Dallas couple approaching retirement disappeared. Well-known on the charitable-event circuit, the couple were in Dallas one day and gone the next. Phone disconnected. No forwarding address. No working cell-phone number.
Eventually, word spread that they were somewhere in Mexico. They had sold whatever they owned, packed their car and headed for the border. They were, conflicting reports said, living in small towns, the kind of places seldom featured in travel magazines.
We can only speculate on what happened. I think they were broke, had little or nothing in savings and knew they had to make a major change to survive on their Social Security income and minimal savings. Like millions of other Americans, their ship never came in. They got older. Work became harder to find. Suddenly, they realized their life was entirely unsustainable. They were heading toward a cliff. read more »
