097: How to Retire Abroad with Keith & Tina Paul
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 9 December 2019
⏱️ 69 minutes
🔗️ Recording | Apple Podcasts | RSS
🧾️ Download transcript
Summary
While many people devote time to travel after they retire, even more retirees are now finding new countries to call home - to enjoy an even better quality of life and standard of living.
In their mid-fifties, Keith and Tina Paul decided to leave Southern California to make Ecuador their home. Before retirement, Keith was the Chief Technology Officer for the University of Southern California Medical Center, and Tina owned her own neuropathic medicine practice in California. Since moving to Ecuador, they have also visited over 30 countries in the last year, as well as all 50 United States. They have a hugely popular blog, have appeared on HGTV's House Hunters International, and continue to enjoy many of the comforts of their former home.
Today, Keith and Tina join the podcast to talk about why they decided to retire abroad in their mid-fifties, the qualities that a person needs to have to adapt well to retiring abroad, and the unique financial planning that makes their lifestyle both fun and sustainable in ways that would have never been possible had they stayed in California.
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Disclosure:
Investment Advisory Services may be offered through Howard Bailey Securities, LLC, a registered investment advisor. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. The CLU® mark is the property of The American College, which reserves sole rights to its use, and is used by permission. Howard Bailey Financial is a registered trademark of Howard Bailey Financial. All rights reserved. Howard Bailey does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. Not associated with or endorsed by the Social Security Administration or any other government agency.
Transcript
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| 0:00.0 | Welcome to the Retire with Purpose podcast, a show specifically designed to help free retirees and retirees maximize their financial confidence. |
| 0:14.4 | Casey Wheat is a certified financial planner and president of Howard Bailey Financial. |
| 0:18.3 | His newest book, Job Optional, is a Wall Street Journal bestseller |
| 0:22.1 | and is available now on Amazon and at Retirewithpurpose.com. |
| 0:26.8 | He's your host on Retire with Purpose. |
| 0:29.4 | Hey, I'm Casey, and I believe in retirement strategies that are driven by meaning and purpose. |
| 0:36.0 | Join me this week and every week as we discuss thoughts and ideas |
| 0:40.5 | with some of today's most successful retirees and experts in the field of finance. |
| 0:46.3 | These strategies can help make you better financial decisions |
| 0:50.6 | so you can live the lifestyle you've always imagined and deserve. Welcome to the show. |
| 0:59.8 | Today, we have two guests, a husband and wife team, Keith and Tina Paul. I'm just going to say |
| 1:05.8 | this right off the top. I think we've all dreamed of just selling everything and going in living on a beach somewhere |
| 1:11.6 | in a tropical island or in a tropical environment and just enjoying our lives worry-free. |
| 1:17.5 | These guys actually did it. |
| 1:20.0 | They are real-life retirees who have taken up a second act in their area of passion and it's |
| 1:25.5 | travel. |
| 1:26.4 | And boy, do they live it. Their destination and |
| 1:28.7 | experience influencers and bloggers sharing how they made a global lifestyle possible and retired |
| 1:35.1 | early, our conversation will focus on how they walked away from these high paying jobs in the |
| 1:41.5 | peak of the earning years to retire in Ecuador for the quality of life |
| 1:45.7 | and the super low cost of living. They live off about $2,000 a month and they live in a five-bedroom, |
| 1:51.8 | six bath, 6,000 square foot home. It sounds like a dream. I know. They're going to share with us |
... |
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