To retire on $200,000 you need to figure out how much income that can bring, and how much you need for expenses. Suppose you can rent an apartment in Tucson for $500 a month, and eat for $200 a month, and clothing and medical costs come to another $133 per month. That comes out to be $10,000 per year. And it leaves out utilities; you don't have to have air conditioning to live but only to live in comfort. So if expenses stayed fixed, and didn't grow with inflation and increasing age, you could last for 20 years. And then your $200,000 could earn something in interest. And if you get Social Security, that might give you $833 per month, which would cover your expenses (now), and you could last much longer, even with inflation. Or you could spend $110,000 and buy a small house, so you would owe on taxes, but you wouldn't be paying rent.
Mexico seems to be the current popular place to retire.
Good Day,My name is Bryan Dream,i am a registered and a legitimate loan lender who gives out loan at a very low interest rate of 3%.I give out both business and personal loans to people and organization who needs loan ranging from $2000 to $50,000,000.If you also need an unsecured loan and secured loan we can as well approve it for you.Our loans are guaranteed with no time wasting.You can contact me on firstname.lastname@example.org for more information
Other people asked questions on similar topics, check out the answers they received:
Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them