As my financial literacy grows, I am curious about how others are planning for the retirement. If you'd like to join in the conversation, please share:
1) How do you save for retirement when working outside of your home country?
2) What percentage of your salary are you able to save towards retirement? What would you ideally like to save?
3) Do you have a teacher pension in your home country (if you have worked there) and if so, what will it look like?
4) Do you have any passive income streams, and what are they?
5) What are your best tips about finances and retirement?
-------------------------------------------------------------
To answer the above questions, I am using Interactive Brokers and index funds to save for retirement while living abroad, and save 30% of net monthly income. I'd like to increase this to 40%, and that will take a lot of focus to do. I do have a teacher pension in my home country with about a decade of service, and I am still investigating what this means. I do rent out a house in home country, and one day hope to maybe purchase a second property if I plan well. My tip is to remember that it is never too late to get into finances, even if you feel you have lost some time!
- Board index
- All times are UTC-05:00
- Delete cookies