In this blog I will try to document a particular life lived on the bare-bones of a small pension. I hope my experience will help you if you are heading down this path. I’ll be checking out the usual retirement destinations of Latin America and Asia, and maybe some not so usual places.
For the last few years I’ve been checking out a lot of the cheap retirement sites, but none that I have found has actually talked much about the dailyness of living on Social Security (average about $1300 a month) or other small pension someplace in Latin America or Asia. I suspect that, like a lot of things, it may be easy to talk up, and may even be easy to do for those with on a pension conveniently scaffolded with a family trust, or other family or investment support, but it involves at least tough choices for those of us who lack any of those backup resources.
I am starting my own journey on $1300 a month ($1293, to be precise). It feels like tightrope walking without a net, across a long and deep canyon. But I like challenges. I’m exhilarated at the moment, but I know that there will be other, equally powerful, emotions to come.