I realize that this is my first post (and it appears that many others post a very detailed question and then never post again), but I stumbled onto this site after speaking to a friend this morning about retirement. I am 45 years old, married with two sons (13 and 10). We live in the USA (CT) and are sick of the high cost of living and the general ratrace aspect of life here. The thought of moving to an island is a romantic dream at this point. But after spending a few hours browsing this forum, I am intrigued by the possibility that it might be more than a dream?
I have a few high level questions:
1. What $$ (in US$) "nestegg" would you realistically need to accumulate in order to pursue this dream? Assuming you would sell your home here and liquidate everything, and live a lifestyle similar to what you had in the US.
2. How do you deal with your finances in DR upon relocating? Do you put everything into a DR bank and go from there? Or keep US accounts and move money to DR as needed?
3. Does it make sense to become a DR citizen?
Thanks for opening my eyes...
I have a few high level questions:
1. What $$ (in US$) "nestegg" would you realistically need to accumulate in order to pursue this dream? Assuming you would sell your home here and liquidate everything, and live a lifestyle similar to what you had in the US.
2. How do you deal with your finances in DR upon relocating? Do you put everything into a DR bank and go from there? Or keep US accounts and move money to DR as needed?
3. Does it make sense to become a DR citizen?
Thanks for opening my eyes...
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