How to Invest for Retirement. For 99% of our existence on earth, we lived in tribes. If you follow these three steps toward investing for retirement -- building up a safety net, living below your means and investing the difference in low-fee ETFs, and developing your passions -- your golden years could be your most enjoyable yet. Because everyone in the tribes was necessary for survival, the hard times were shared -- everyone ate a little less. Live below your means and invest the difference Our ancestors had a built-in way to ensure they didn't overconsume. First, we have to live below our means. In terms of where to put your money, I suggest: Contributing whatever you need to in order to receive the maximum "match" for your employers 401(k). What he's found is that happy retirees enter retirement with an average of 3.6 core pursuits, while unhappy ones have fewer than two. Follow these three steps -- building up your own safety net, living below your means and investing the difference, and pursuing your passions -- and it will be hard not to enjoy a comfortable and engaging retirement. The Motley Fool has no position in any of the stocks mentioned.
This article comes to us courtesy of InternationalLiving.com, the world’s leading authority on how to live, work, invest, travel, and retire better overseas.
Take it from us: it’s possible to lead a happier, more affordable, and far healthier life just by retiring to the right place.
The “more affordable” part is pretty obvious. There are many places on earth where the cost of living—including utilities, transportation, taxes, rent, healthcare, and real estate—is a fraction of what it is in North America.
The “happier” part isn’t hard to figure out, either. For almost 16 years now, we’ve been living outside the U.S. in places where it never snows…indeed where the nighttime temperatures rarely get below freezing. We’re originally from Nebraska, so during certain times of the year—like winter—we’re much, much happier to be in a place where the weather won’t kill you.
Throw in the “more affordable” part above, and living comfortably weather-wise as well as inexpensively and you can imagine how that might make you extremely happy.
But how does the “healthier” part work? How would the place you live help make you healthier?
Here’s what we’ve found:
First, thanks to the temperate climate of the places we’d recommend as the world’s best overseas retirement destinations, you’ll simply find that you walk more. That doesn’t sound like a big thing, but it is. When the weather is fine enough for you to simply walk out your front door at practically any time of the day or night without having to gear up like a survivalist, it makes taking a walk a pleasure instead of a chore.
And walking is amazingly good exercise. It’s the original exercise, in fact…for eons it was the only way most humans got around, so walking is something everyone is designed to do. And we’re designed to do a lot of it without much wear and tear.
It’s actually NOT walking a lot that clogs up the works and wears humans out, and when you live in a place where the weather is always conducive to walking, there really aren’t any excuses.
So walking makes you healthier, and in the overseas destinations we’d recommend, you’ll be able to walk a lot. And one of the best places to walk to in many of these warm places is the mercado or farmers’…