International Nesties
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Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Retirement and visas
I have no idea where we'll be living in 35-40 years time. I'm starting to think about possible places though.
Both Switzerland and Malaysia make it relatively easy to get a residence permit if you're retired. There isn't much required from either beyond proving that you have sufficient funds to support yourself and pay taxes on those funds.
Does the country in which you live (or the country you're from) have something similar? Is it possible to just go live there after you've retired?
Re: Retirement and visas
I need to know where I'm going next month before I can think about where I'll retire. Similarly, I need to have a life savings before I can even begin to think about living off savings for the rest of my life.
Instability is so much fun, y'all.
a quick google search shows that Australia really isn't an option unless you are already here for other reasons:
Maybe you are retired and wish to spend some of your retired years in Australia? If you are over 55 and have the required funds to temporarily settle in Australia for a period of up to 4 years, retirement to Australia may be possible for you.I know New Zealand doesn't accept retirees, my parents are very angry about that. They had set their mind on retiring there after a vacation to find out it was near impossible, even put a lawyer on it, but no luck.
I'm afraid they'll have to just choose the US or a European country when they retire in 2 years, which they both don't want, but my dad is Dutch citizen (and can bring his wife of 20 years) and has had a greencard for over 15 years.
I think not going to live in some weird tropical island is the smart choice, they both have health issues, but they want to live in a 5 star mansion or something for the price of a shack.
My food blog
What I'm looking forward to in 2012:
Eating our way through (northern) Italy on vacation
<a href="http://www.thenest.com/?utm_source=ticker&utm_medium=HTML&utm_campaign=tickers" title="Home DThe health care is a good call. Australian health care only covers us in certain countries.
You also bring up a good point about the EU. Yet one more reason to get off my azz and try to get my Italian citizenship.
I submitted my paperwork for German citizenship last year (my mother is German and never bothered registering my birth), so provided they don't change the law allowing dual citizenship if you are born with German citizenship I should have a passport in three years (yay bureaucracy). I don't know that we'd want to retire in Europe though. I'd imagine we won't make that decision for a really long time, I'd just like to know what our options are.
What's the problem with retiring in Europe? FH once joked that NYC is the perfect place for old people to retire - they don't need a car, plenty to do, lots of other elderly people around... wouldn't the same hold for Europe? I mean, cost of living is the only issue, and you could maybe just go to a smaller town to help. I can see how weather would factor in for northern Europe, but Spain, southern France and Italy all have decent weather.
I haven't looked into this at all, but I think Europe would be great. I'd like a place that had museums and stuff like that instead of going somewhere that was more about natural beauty and scenery, which often requires more physical exertion to enjoy.
Sorry, that should have said EU. If we end up living in Europe long term, it will be in Switzerland. H's pension is in CHF, his pay is in CHF, etc. As things stand today I doubt we'd want to cash out of everything Swiss. Who knows though, the Euro might die a very painful death in the next few years.
That's why it's so flipping difficult to plan. I have no clue what our holdings will be worth 30 years from now. There is way too much volatility in the world at the moment.
ETA: Actually, the more I think about it the more I think NYC would be a fabulous place to retire. On top of everything you mentioned it's an international hub, you'd never want for activities, and since you wouldn't have an earned income you wouldn't need to worry about the city's income tax.
My parents want to retire here in Quebec, near me and my husband, but I keep telling them to consider moving close to the border in VT or NH instead. Getting my residency (still waiting!) has been a long, expensive pain in the @ss. They don't speak any French, don't have a substantial amount of savings, and will be in their 70s by the time they would move up here. I told them the odds of getting residency would be slim to none, and even if they did get it they'd have to apply as soon as I have my residency and can sponsor them since reunification for parents and grandparents can take 3 years or more for Canada. Needless to say, my mom gets pissed whenever I tell her this. She thinks I'm making it up. I also told them that selling their house and buying one up here without residency would be a very bad idea, even if they leave to visit my brothers every six months. Eventually the border guards would catch on and they'd be denied entry with no where permanent to go.
Long story short, don't retire to Canada. The winters are too long and cold anyway.
Side note, does anyone know anything about Polish citizenship? My mom's dad was a Polish citizen when she was born (only had his green card at the time) after the war. They never registered her birth with the authorities in Poland, but we're wondering if she could claim Polish citizenship anyway. Of course, then I wonder if that means I could claim Polish citizenship myself.
We have no idea. At the moment, we are planning for the US. And that is where the bulk of our retirement savings are; however, we could receive them anywhere in the world.
I think a lot depends on how long our parents live and our future children.