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4 years ago

Wife and I are considering retirement options

4 years ago
We are both 58, and are considering retiring. Currently between the both of us, our retirement checks per month total about $3000. We would sell our house to put a little aside for a rainy day fund and to eliminate any bills we are currently paying here in the US; however, I owe quite a bit on student loans, so that monthly payment ($200) will probably still need to be paid every month.

So that leaves us with $2800.

We realize that in a few years we will be able to receive Social Security checks, which obviously will help our financial situation.

We are considering doing retirement either by traveling and living in an RV throughout the US or by relocating to Mexico.

I would like to hear from anyone who has done both, to get their perspective of how things compare, especially in regards to finances.

My wife has relatives in San Miguel de Allende and Guanajuato, who could help us navigate the process of living there. Nonetheless, my wife tends to be leaning to retiring by RV, but my main concern is that I'm not a handyman, and I don't want to be stranded somewhere without help. Also, It seems that there is more "upkeep" involved with retiring by RV, and I'm not definitely not getting any younger.

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William Russell
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