By Dawn Fleming - March 26, 2022 published on MarketWatch
You can read plenty of articles about how great it is to retire abroad. My husband and I are thankful every single day that we moved to Mexico five years ago. That said, moving abroad is a little scary and it’s not for everyone. I’ve met many people who love it and couldn’t imagine going back, but there are also those who decided it wasn’t for them.
The good news: It’s OK to try it out and return to the U.S. if you don’t like it. You won’t have to wonder “What if…” One of my podcast guests did that and is really glad to have gone for it, even though it did not work out.
And remember: Many people experience a sense of “What have I done?” at about three months after a move. This mini-setback is typically gone by the sixth month.
These are the three biggest reasons your overseas retirement might not work out.
You moved for the wrong reason
Changing locations alone will rarely make you happy if you’re unhappy in your current environment. Sometimes people feel animosity toward a place (or relationship) when they are “done”. I urge you to try gratitude instead. Plan to be happy and grateful exactly where you are right now.
I lived near the charming downtown area in Orange, Calif., for over 20 years. We knew over a year in advance that we’d be moving away. During my walks through the area, I was intentional in soaking it all up, taking it all in like taking a deep breath, as if I’d never see it again. I felt incredibly grateful that final year, a sense of joy and completeness as if a chapter of my book was closing.
While we were “done” with our life in California, we weren’t running away from something as much as running toward something else: a simpler and more joy-filled life. We were tired of the concrete jungle, six lanes of traffic in each direction (none moving) and the incredible high cost of living in Orange County.
Instead of seeking external factors for a “perfect retirement location,” figure out who you are and what you really want in your life. Know exactly what’s most important and nonnegotiable.
For example, I told my husband shortly after we met that this Minnesota girl was DONE with snow. Tom was a black diamond skier but decided his knees should retire. He took up golf and tennis so we have compatible interests. He was an avid sailor. Our first two dates were sailing to make sure I didn’t get seasick—that would have been a deal breaker for him.
You had unrealistic expectations
Many people retire without a well-thought-out plan. They neglect to define what their new daily life will look like. Being retired with an income stream is not a plan. It defines your situation, but not how you’ll spend your days.
Without structure or purpose, people can drift. Not knowing what else to do, some may head to the bar every day or just sit in a new place and wonder why they moved at all. The place you love on vacation may not bring the same joy when living there.
One woman I met moved to Mexico to retire. Then she moved several times around Cancún, looking for happiness, which turned out to be illusive. She decided return to live in the United States, got a small apartment and took a job as a cashier. Not knowing what else to do, she went back to her old life.
Naming what is important to you at the beginning of your search will help you find places that fit your vision of paradise and help you craft a plan for your new life. Do you need to learn a new language? Are you willing to do that?
Don’t be afraid of trying out several locations to find the best fit. Some good options include taking a sabbatical, house sitting or otherwise temporarily living like a local. All of these options let you learn what daily life is really like.
Read the rest of the article at MarketWatch by going here.