Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

  • SCB@lemmy.world
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    1 year ago

    Mine is to sell my home and move to Mexico once my children are out of school, work remotely for a US company, then retire at like 55.

    Multiplying my retirement savings (and home equity) by 20 just by moving will go a long way.

    • XbSuper@lemmy.world
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      1 year ago

      You think Mexico will be liveable by then? I had considered something like that, but I think climate change is going to make those places unlivable within the next 20 yrs.

    • tallwookie@lemm.ee
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      1 year ago

      there’s got to be countries with a better currency conversion than Mexico that are better to live in than Mexico.

      actually, I looked it up, there are. Vietnam has a much more favorable exchange rate - Indonesia is better but much more crowded than Vietnam is.

      • SCB@lemmy.world
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        1 year ago

        I love Mexico though. I used to travel there for work a lot and I just fell in love with it. I agree it would not be for everyone, and don’t recommend it for everyone.

    • Usul_00_@lemmy.world
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      1 year ago

      If you need to live at 5% of current costs, you’ll need go further down the oecd country list than Mexico.

      • SCB@lemmy.world
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        1 year ago

        I don’t need to. the USD currently exchanges with pesos at 18:1

        • toofpic@lemmy.world
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          1 year ago

          Do you think they just have the same prices for everything, but in pesos? I have some bad news for you…

          • SCB@lemmy.world
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            1 year ago

            No. I have worked quite a lot in Mexico and am well aware of import prices, etc.