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A little planning can help ensure you don t run out of money
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Personal finance: Expect to live a while in retirement? Set aside your distaste for annuities
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May 1, 2021 7:00 AM newsfeedback@fool.com (Christy Bieber, Maurie Backman, and Katie Brockman)
Posted:
Updated:
May 1, 2021 10:43 AM
Retirement should be one of the best times of life. Unfortunately, many seniors are left facing regrets that affect their ability to enjoy their later years.
Of course, it’s not always possible to do everything perfectly to set yourself up for a secure retirement since real life sometimes gets in the way of saving as much as you want or retiring when you planned. The good news, however, that you can avoid or rectify some mistakes if you know what they are.
It only took six months for Jeff and Rhonda Boehlert to sell off the bulk of their belongings once they decided on retiring abroad in Portugal. âI was a little reluctant at first,â Jeff Boehlert admits. âAlthough the more we researched the better I felt.âÂ
The North Carolina couple have since taken up lodging in an Airbnb rental property along Portugalâs central coast, in the sun-drenched seaport of Figueira da Foz. They plan to stay there for a few months before moving on to the Portuguese island of Madeira, and later, the countryâs capital city, Lisbon. âFor the most part we just want to be nomads hanging around Europe,â says Boehlert.
How to Retire Abroad According to Those Who Have Done It Laura Kiniry © Getty
It only took six months for Jeff and Rhonda Boehlert to sell off the bulk of their belongings once they decided on retiring abroad in Portugal. “I was a little reluctant at first,” Jeff Boehlert admits. “Although the more we researched the better I felt.”
The North Carolina couple have since taken up lodging in an Airbnb rental property along Portugal’s central coast, in the sun-drenched seaport of Figueira da Foz. They plan to stay there for a few months before moving on to the Portuguese island of Madeira, and later, the country’s capital city, Lisbon. “For the most part we just want to be nomads hanging around Europe,” says Boehlert.
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