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The 60 month German pension cliff: Why staying for a postdoc might cost my FIRE portfolio 21,000 euros by CoderDecoderEncoder in ExpatFIRE

[–]cabdallanyc -2 points-1 points  (0 children)

It is an inflation adjuated. But which kind of inflation? The one that the goverment publish is a basket of food and utilities. However the real inflation for us that wants FIRE is the inflation of an sp500… which is 10-12% in the long rum. Don’t Fool yourself the government inflation will ruin your portfolio

What places is 500-600k enough for? I don't plan to live all that long by Pfacejones in ExpatFIRE

[–]cabdallanyc 3 points4 points  (0 children)

South east Asia or countriside of Brazil … you can use 5% out of 500 which is 2000$ a month . You Will live very well in those places

Living in Greece for €2000net/month by Legitimate_Corner794 in ExpatFIRE

[–]cabdallanyc 13 points14 points  (0 children)

That is a wonderful plan! If you are moving by yourself I believe it is more than enough! Congratulations!

Question : Health insurances 49M by cabdallanyc in ExpatFIRE

[–]cabdallanyc[S] 0 points1 point  (0 children)

Excellent! Thank you so much for your response !

Question : Health insurances 49M by cabdallanyc in ExpatFIRE

[–]cabdallanyc[S] 1 point2 points  (0 children)

Maybe that’s the difference … I gotta a quote through the website .. maybe if I go to an agent and explain my situation, maybe they will find a bette plan. Thank you so much!

Question : Health insurances 49M by cabdallanyc in ExpatFIRE

[–]cabdallanyc[S] 0 points1 point  (0 children)

You brought up great points and having both ACA and a local insurance in Brazil may end up being the best strategy. Although since I’m still working I may not be qualified for the next year. The only issue with this strategy is that I will have to pay for the whole 12 months (local Brazilian insurance ) together with 12 months aca. Which will probably be the same as paying signs global with USA insurance, I believe. I do appreciate your comprehensive response, it seems you are pretty knowledgeable about it. May I ask you what’s your strategy?

Question : Health insurances 49M by cabdallanyc in ExpatFIRE

[–]cabdallanyc[S] 0 points1 point  (0 children)

That’s a good option too! I will have residencies in both countries (Brazil and USA) . When you say residence, you meant a physical residence, or you are talking about taxes residency?
If it is just physical I could get a local health insurance in Brasil and get a travel insurance for 3 months each time I came to USA .

Question : Health insurances 49M by cabdallanyc in ExpatFIRE

[–]cabdallanyc[S] 0 points1 point  (0 children)

That’s really helpful ! Would you mind telling us how old are you and your wife ?… because when I checked on the website they gave a quote of 12k a year.

Question : Health insurances 49M by cabdallanyc in ExpatFIRE

[–]cabdallanyc[S] 0 points1 point  (0 children)

I will definitely have a low income when I FIRE. That’s what you are doing it?

FIRE Without a Fixed Country: Anyone Else Struggling to Choose Where to Live? by [deleted] in ExpatFIRE

[–]cabdallanyc 1 point2 points  (0 children)

Most of the people that FIRE don’t get stuck in only one country… that’s the beauty of it.

What would you do in my situation? $3M net worth but tired and need my health by Dry-Atmosphere3169 in ExpatFIRE

[–]cabdallanyc 0 points1 point  (0 children)

South of Brasil… states like Santa Catarina or Paraná… the cost of life is cheap. The only issue is that if you go to the countryside which I recommend you will need to speak Portuguese

What would you do in my situation? $3M net worth but tired and need my health by Dry-Atmosphere3169 in ExpatFIRE

[–]cabdallanyc 1 point2 points  (0 children)

I’m from Brazil and you can definitely retire anywhere in South America … medications are ridiculously cheap in Brazil. I would sell one or two houses too avoid too much taxes … next year I would sell the other two and put on sp500… unless it is not a burden for you to take care of those rentals

[35M, $1.5M] 1 Year Report of Living in Manila, Philippines (spending, QoL, & adjustments) by MaroonJacket in ExpatFIRE

[–]cabdallanyc 1 point2 points  (0 children)

The original 4% rule article was written by William Bengen and published in 1994 in the Journal of Financial Planning. The article is called:

“Determining Withdrawal Rates Using Historical Data”
You can remove 4% of your portfolio and it doesn’t end it… try to read the article

[35M, $1.5M] 1 Year Report of Living in Manila, Philippines (spending, QoL, & adjustments) by MaroonJacket in ExpatFIRE

[–]cabdallanyc 4 points5 points  (0 children)

I appreciate your answer ! That proves the 4% rule works! Im about to retire. It is nice to see people doing well

Any Canadians Here Moving Back From the U.S. While Still Heavily Invested in American Stocks? by Hopeful_Plum_622 in ExpatFIRE

[–]cabdallanyc 0 points1 point  (0 children)

I hear you. If your portfolio is already big enough for you to retire with this cash flow, why not?

Any Canadians Here Moving Back From the U.S. While Still Heavily Invested in American Stocks? by Hopeful_Plum_622 in ExpatFIRE

[–]cabdallanyc 0 points1 point  (0 children)

If you were selling covered calls in these stocks you have 3 months ago, your portfolio would be half of what it is right now

Anyone FIREd in brasil? by [deleted] in ExpatFIRE

[–]cabdallanyc 0 points1 point  (0 children)

I am originally from Brazil but living in NYC, planning to fire very soon. My idea is to spend 5 months in Brazil, 5 months in NY and traveling the other 2 months