Where do you want to grow old?
People have many options for living arrangements as an older adult, like living in a house with a group of friends (think Golden Girls), going to a 55+ community, or staying in your own house.
What are your plans? Where do you want to grow old?
or
What choice did you make? What are the the pros and cons of your arrangement?
What advice do you have for others?
Interested in more discussions like this? Go to the Aging Well Support Group.
I’ve watched many videos on YouTube about retiring overseas. It’s not for me but watching the videos is entertaining!
I was curious because I could not find a foreign country with vrry good health care that was cheaper to live and safe.
Consider Poland.
https://smartasset.com/retirement/retire-in-poland
My wife and I are considering it. The advantage we have is that she's a native and speaks Polish, but a lot of Poles speak excellent English.
A quick google search:
https://www.payingforseniorcare.com/assisted-living/mexico
I guess that would depend on your definitions of very good health care, cheaper, and safe. The US is fine is you have the income and do not desire to travel, as the costs of health care are exorbitant compared to most other countries. But while we still have free choice
(not a woman!) it is a very personal choice.
In California at the moment but the decision of having to give up driving is drawing near. Will probably move back to NY where most things are walking distance and public transportation is a breeze. For some people, moving closer to their children might be their best opotion.
Sounds ideal; or what my wife and I are looking for. How did you find it and how much did it cost you for your share, or rather, what would the buy-in range be? What do you share in common with the members of your facility? Major differences? I can still afford to buy a house on the G.I. Bill, but with Parkinson's I doubt I'd be able to turn it into a self-sufficient property: greenhouse for year-round food, water collection facilities, off-the-grid power, and other modifications and repairs.
I can see the many benefits Chuck is describing. And I do love the adventurous sound of it. But I would suggest living in the new country on a trial basis first with whatever supports are necessary to move back to the US if needed. I think the biggest challenge will be building close friendships with those who view the world through entirely different backgrounds and cultural lens.
I found it because it was advertised in my community. You can find senior Cooperatives by googling it. They are everywhere in MN. I do not know about other states. I have been here now for 10 years. My initial purchase of a membership was $70,000. My share is now worth $114,000. I pay a carry charge every month of $1200 which covers our mortgage, reserves, and maintenance costs. The buy in cost will vary depending upon where you live and the quality of the cooperative. We all have our individual units and share common spaces such as gathering rooms with kitchens, exercise room, craft room, and library. We have ethics for behavior in the building. Most people are very friendly. The only major difference is politics of course. We simply do not argue about it. I would encourage you to find Cooperatives in your area. It does take time to understand the concept. Best wishes to you. Diane
I'd written a fairly lengthy thank you to your detailed reply; but before I was able to send it off, my cat jumped up on my desk and stepped on the keyboard somehow wiping out the entire message. Still, much thanks from my wife and I. We've been looking into simply packing up our necessities and moving to the Research Triangle in North Carolina: cities of Raleigh, Durham, and Chapel Hill. Again, thank you for your help. Laurence H.