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
    link
    fedilink
    English
    arrow-up
    10
    arrow-down
    3
    ·
    edit-2
    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
      link
      fedilink
      English
      arrow-up
      16
      arrow-down
      1
      ·
      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.

      • SCB@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        arrow-down
        1
        ·
        edit-2
        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
      link
      fedilink
      English
      arrow-up
      1
      ·
      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
        link
        fedilink
        English
        arrow-up
        1
        arrow-down
        3
        ·
        1 year ago

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

        • toofpic@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          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
            link
            fedilink
            English
            arrow-up
            1
            arrow-down
            2
            ·
            edit-2
            1 year ago

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