There is a retirement crisis in America. Do you believe you will be able to retire comfortably?

[Scientific]

i'm right at 30 years from retirement and i fully expect social security to be GONE by then if its not in 10 years

generations before me fukked it all up

I don't know anyone under 50 who takes SS into their retirement calculations. I dont feel sorry for that old lady, admitting she was banking on the government checks in the video, despite being told to save. Boomers in a nutshell.

This is already happening in DR.

The good thing is expats or foreigners only live in the coastal areas so it’ll slow the stem flow of new arrivals. Most aren’t relocating/can’t into the interior because it’s not English only friendly

A new construction in Gurabo Santiago will run you 225k or more and the mortgage lending here is completely different. Most just deal with leveraging assets in their home country or cash.

With that said I’ll be retired by the age of 48 (14 years). We’ll fully rent out our apartment in Santo Domingo. Sell our home in Santiago and move further inland

DR is kind of wierd to me. It's still not a huge American destination, but Euros have been flocking there. I almost bought an apt in SD but didn't have the cash at the time. Was a missed opportunity. I can't help but feel some type of way though, because it's impossible for locals to pay that kind of money unless they're getting a Tristate stimulus. My hood got gentrified, and seeing locals complain is something I understand.

My brother is going all in at ES because of BTC, but I'm still more partial to Panama maybe Nicaragua.

 

[BlackAchilles]

Nah I dont wanna live past 50

 

[RageKage]

Everybody banking on retiring to a 3rd world nation during your golden years, that is a fine plan until you need medical care.

Personally, I think they should install a giant ramp in the grand canyon.

Everybody can party their retirement days for as long as they want with the cash on hand, when you are done.

You can go out in style

 

[Brehvity3135]

I don't know anyone under 50 who takes SS into their retirement calculations. I dont feel sorry for that old lady, admitting she was banking on the government checks in the video, despite being told to save. Boomers in a nutshell.

DR is kind of wierd to me. It's still not a huge American destination, but Euros have been flocking there. I almost bought an apt in SD but didn't have the cash at the time. Was a missed opportunity. I can't help but feel some type of way though, because it's impossible for locals to pay that kind of money unless they're getting a Tristate stimulus. My hood got gentrified, and seeing locals complain is something I understand.

My brother is going all in at ES because of BTC, but I'm still more partial to Panama maybe Nicaragua.

Interesting. I don’t know how you make this statement. It’s the most visited island in the Caribbean by a wide margin for the past decade. And that’s mostly Americans. Cabarete/Puerta Plata/Sosua = American and Canadian.

Samana(Las Terrenas) = French, Swiss, German, Italian,

Punta Cana= Russian, Ukranian, Americans

US, Canada, France, Argentina, are the top four by air arrivals.

Where I live at I’m probably the poorest person here lol. Really just depends on where you buy. I don’t really hear too many complaints in the capital, but in Santiago it’s getting overcrowded but that’s another issue.

Panama is okay. And Nicaragua seems like an adventure. I got some friends out there but I ain’t never been.

 

[Magic Mulatto]

Exactly. I’m not saying retirement is bad, like you said you just need a set plan on what you plan on doing for the rest of your life besides just basically existing. Whether it’s traveling the world or starting a business you’re passionate about I don’t see retirement being ideal for most. I’ve heard elders tell me that it keeps them young to still be working

I’m perfectly fine w/ just basically existing…

 

[Scientific]

Interesting. I don’t know how you make this statement. It’s the most visited island in the Caribbean by a wide margin for the past decade. And that’s mostly Americans. Cabarete/Puerta Plata/Sosua = American and Canadian.

Samana(Las Terrenas) = French, Swiss, German, Italian,

Punta Cana= Russian, Ukranian, Americans

US, Canada, France, Argentina, are the top four by air arrivals

I meant for retirement. Not vacation.

I don't meet a ton of older American expats there unless they're from NY. Other than that, it's a Cancun get away, and simps go in droves. The French and Italians on the other hand? Terrenas had more native French speakers than I'd ever seen in a Latin nation.

DR is recently getting more shine, but I think the crime is still lowering it on most retiree lists. Hell I know two older couples that are schooling me on Cartagena real estate.

 

[JNew]

I bet you wish you had anything close to that

 

[melraH]

Also there are opportunities to grow within the US its hard but if you educate yourself about what you about to do. You could invest in farming. I got Kinfolk in NC/SC/Atl Farming and supplying markets. Just an example the game is about reducing cost and augmenting profit by producing/marketing a product. The product could be you, or a farm, or whatever you decide to sell. Do something though. Start by saving on your income by watching your expenses. Sneakers, clothes, games etc etc all could be had for cheaper if you wait its a long game so being patient is key. Again I didn't learn this shyt till I was in my twenties and blew through a few stacks chasing the latest trend. And that was just the myspace, blackplanet , migente era. Its hard to learn and practice discipline when the algorithm knows how to tempt you. Learn to wait and do things at your own pace. Invest in yourself, your health, and protect ya mentals from influence.

 

[Mowgli]

Or vote republican and pray that they bring back the good ole factory jobs

Or become a homeless senior citizen and use the homeless services your high taxes help pay for. I hear the modern day shelters are really cracking. Yay.

 

[Chrishaune]

Nah, you better figure out how to be able to sustain yourself. If you're depending on the system to stay the same and for it to look out for you, you are making a mistake.

 

[Brehvity3135]

I meant for retirement. Not vacation.

I don't meet a ton of older American expats there unless they're from NY. Other than that, it's a Cancun get away, and simps go in droves. The French and Italians on the other hand? Terrenas had more native French speakers than I'd ever seen in a Latin nation.

DR is recently getting more shine, but I think the crime is still lowering it on most retiree lists. Hell I know two older couples that are schooling me on Cartagena real estate.

I guess that makes sense but I’d have to see the numbers. I’m positive more Americans retired in DR than Colombia of all places. Anyone concerned about crime in DR opting for Colombia is an idiot. No other way to put it

Colombia is exponentially more dangerous than DR. Crime in DR is hardly random. Colombia it’s random. There’s a difference.

As for the makeup of the expats that must be just black expats. All the white ones are either American or Canadian. You’d have to sit on Cabarete beach for awhile to pick that and visit the restaurants in town.

Terrenas is amazing and has some of the best beaches off the beaten path. French have been there for decades.‘go further to Las Galeras and there’s a community of Swiss

 

[Scientific]

I guess that makes sense but I’d have to see the numbers. I’m positive more Americans retired in DR than Colombia of all places. Anyone concerned about crime in DR opting for Colombia is an idiot. No other way to put it

Colombia is exponentially more dangerous than DR. Crime in DR is hardly random. Colombia it’s random. There’s a difference

Mexico is still at the head of Cartel violence, but American expat communities are peppered everywhere. I've never been to Colombia, but they tell me Cartagena is different than the mainland. Since it's so touristy. Cancun is pretty safe (because the cartels want it that way). I suppose the same is true for Cartagena. Unless you're lily white, you don't stick out there. Of the three, if I ever chose one? I'd choose DR, but things can change in 30/40 yrs.

 

[OperationNumbNutts]

My answer is no. Well over 15 years ago I worked at a job where a lot of older people who were eligible to retire didn't. Most said straight up they couldn't afford it. There were some who delayed retirement because they were paying for their kids college. The days of working 30 years, receiving a gold watch and retiring without a care in the world are borderline over. It does work for people who start putting money into retirement early like around their 20s but how many are doing that.

 

[Brehvity3135]

Mexico is still at the head of Cartel violence, but American expat communities are peppered everywhere. I've never been to Colombia, but they tell me Cartagena is different than the mainland. Since it's so touristy. Cancun is pretty safe (because the cartels want it that way). I suppose the same is true for Cartagena. Unless you're lily white, you don't stick out there. Of the three, if I ever chose one? I'd choose DR, but things can change in 30/40 yrs.

Just crime in all three locations are different and Colombian and Mexican crime more equal to each other. Crime in DR is hardly random. When someone is shot there’s a reason unfortunately and it’s hardly indiscriminate fire. Robberies rarely turn into murder.

Colombia and Mexico is like the US when it comes to crime as it’s random and unnecessary. I believe touristy areas everywhere attract criminals because everyone knows there’s money, and foreigners (no language) there. Easy licks.

 

[Magic Mulatto]

My answer is no. Well over 15 years ago I worked at a job where a lot of older people who were eligible to retire didn't. Most said straight up they couldn't afford it. There were some who delayed retirement because they were paying for their kids college. The days of working 30 years, receiving a gold watch and retiring without a care in the world are borderline over. It does work for people who start putting money into retirement early like around their 20s but how many are doing that.

Have kids, brehs…