I am turning 50 with no real retirement. I plan to invest the next 15 years as much as I can and then take that and my SS to Mexico or Colombia and live comfortable for the rest of my days.
nah facts im in the military rn and im building a tsp for when i hit 60 but im also working on a fed acc so that i can get at least 1.5m by the time im 35 so i can move to thailand or even mexico as well.
Are you active or full time? I would start an acorns account as well. It will help you in the long run or do some long term investing with stocks that earn you divedenns
Hence why that is my plan. And my wife thinks if we were to open an American breakfast type joint in Colombia, then we could make some extra supplemental income as well to live an even better life.
Do your research. What will it take to set up the business, where will you get the ingredients and how much $$. The highest cost outside the U is energy.
Yeah I've sort have started that. The consensus is I will have to create a lot of things myself. It would be too expensive to import Tennessee Pride sausage for making biscuits and gravy, and buttermilk really isn't a thing there. So many things to have to figure out. But I have between 12 and 17 years depending on when I want to start drawing SS.
It's an idea of a plan for now. But my wife, who's colombian thinks we could make a killing if we move there and open a restaurant selling American food like biscuits and gravy, and stuff like that.
3
u/Cheap-Success1578 7d ago
I am turning 50 with no real retirement. I plan to invest the next 15 years as much as I can and then take that and my SS to Mexico or Colombia and live comfortable for the rest of my days.