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  #101  
Old 25.08.2020, 09:07
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Re: Do you think about your future/retirement etc?

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But if you want to spend a weekend in London or Paris or Zermatt or whatnot , why would you be driving ? The motorway charges alone easily cost more than a flight
I think the main point he was making is that a 7 hour drive to the nearest border can be considered a bit out of the way and potentially impractical.
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  #102  
Old 25.08.2020, 09:35
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Re: Do you think about your future/retirement etc?

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I think I am leaning towards Portugal now. It is the the 3rd safest country in the world, only Iceland and NZ are ahead of it (Global Peace Index 2019)

Switzerland in No.11 and Spain is No.32 on the list. English is more widely spoken in Portugal compared to Spain. People are more friendly in Portugal too from my own experience and also based on online research. Italy I like too but it seems like a decaying country economically and socially.

I will start learning Portuguese or could stick with my goat shed idea in the Swiss mountains.
I am there for a week in October at Ericeira for a week Been to Portugal a couple of times and loved it. One of my work colleagues is Portuguese and even found me a job if I want to move there... not practical at the moment but nice to know.

Definitely Portugal is on my shortlist ...
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  #103  
Old 25.08.2020, 10:07
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Re: Do you think about your future/retirement etc?

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Any Portugues here? Would CHF200,000 get you a decent property not in touristy spots?
yes
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  #104  
Old 25.08.2020, 11:04
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Re: Do you think about your future/retirement etc?

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Fair point, although the places you might want to visit outside of capital cities may involve multiple flights or hiring cars at the other end.

To be clear though, this really isn’t a deal breaker for me.
When you're retired, a weekend trip no longer means you have to be back in the office at 08:00 on Monday. I don't really think this is a dealbreaker in any way.
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  #105  
Old 25.08.2020, 11:12
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Re: Do you think about your future/retirement etc?

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I am there for a week in October at Ericeira for a week Been to Portugal a couple of times and loved it. One of my work colleagues is Portuguese and even found me a job if I want to move there... not practical at the moment but nice to know.

Definitely Portugal is on my shortlist ...
I was in Ericeira a few years ago for surfing. Loved the place and the food.

Portugal would be on my list in theory. However, I feel like I'm getting too old and too tied down to Switzerland to make a move now.

Looking ahead a few years, my parents will be gone and so ties to the UK reduced. My kids likely to grow up and settle here. Will it really make sense to move?
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  #106  
Old 25.08.2020, 11:29
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Re: Do you think about your future/retirement etc?

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I was in Ericeira a few years ago for surfing. Loved the place and the food.

Portugal would be on my list in theory. However, I feel like I'm getting too old and too tied down to Switzerland to make a move now.

Looking ahead a few years, my parents will be gone and so ties to the UK reduced. My kids likely to grow up and settle here. Will it really make sense to move?
How many kids? Leave them here with Mum and get an old Portuguese fishmonger lady to have fun with in Ericeira
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  #107  
Old 25.08.2020, 11:39
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Re: Do you think about your future/retirement etc?

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I was in Ericeira a few years ago for surfing. Loved the place and the food.

Portugal would be on my list in theory. However, I feel like I'm getting too old and too tied down to Switzerland to make a move now.

Looking ahead a few years, my parents will be gone and so ties to the UK reduced. My kids likely to grow up and settle here. Will it really make sense to move?
I'd just downsize here as much as possible and have a villa in Portugal so you can commute as you see fit. Doesn't necessarily solve the "let's live like kings on CH pension" scheme, though, if you need to keep a base here.

But would you abandon your kids long-term?
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  #108  
Old 25.08.2020, 11:46
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Re: Do you think about your future/retirement etc?

For some perspective, I retired to Malta 6 years ago aged 52, expected to have living expenses around 30k a year, I bought a flat for cash.
All liquid assets in equities, mainly Fundsmith, previously Apple as many will know. Since then I have got married, investments increased by over 100% after living expenses & am now spending 75k a year. (Includes tax & medical insurance) Retiring early in a low cost country was a good move.
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  #109  
Old 25.08.2020, 11:47
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Re: Do you think about your future/retirement etc?

First of all - great thread!

Although I have many years ahead I am already have light thoughts about retirement. So Switzerland considers adult will work for 45 years, so to speak 1/3 of that time already spent in my home country, where pension will be peanuts. So in theory I left with max 2/3 of standard Swiss pension. My assumption is that standard Swiss pension is OKeyish to live, so 2/3 of that probably not that fancy, considering additional risks such as laid off early which even further reduces the pension.

In short I don't think I will be able to afford to stay here, or just don't want to struggle and wonder around heavily discounted products in coop At least at this point looks like I will definitely need to search for another country upon retirement.
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  #110  
Old 25.08.2020, 11:54
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Re: Do you think about your future/retirement etc?

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All liquid assets in equities, mainly Fundsmith, previously Apple as many will know. Since then I have got married, investments increased by over 100% after living expenses & am now spending 75k a year. (Includes tax & medical insurance) Retiring early in a low cost country was a good move.
now you need to tell us where to find a wife that costs only 35k a year
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  #111  
Old 25.08.2020, 11:56
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Re: Do you think about your future/retirement etc?

I'm thinking Slovenia or Austria. But in the next 30 odd years a lot could change.
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  #112  
Old 25.08.2020, 11:59
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Re: Do you think about your future/retirement etc?

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For some perspective, I retired to Malta 6 years ago aged 52, expected to have living expenses around 30k a year, I bought a flat for cash.
All liquid assets in equities, mainly Fundsmith, previously Apple as many will know. Since then I have got married, investments increased by over 100% after living expenses & am now spending 75k a year. (Includes tax & medical insurance) Retiring early in a low cost country was a good move.
wow, 75k is approximately our yearly budget with a kid in the middle of Zürich...
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  #113  
Old 25.08.2020, 12:04
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Re: Do you think about your future/retirement etc?

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wow, 75k is approximately our yearly budget with a kid in the middle of Zürich...
for some, 75k is annual childcare costs...
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  #114  
Old 25.08.2020, 12:08
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Re: Do you think about your future/retirement etc?

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now you need to tell us where to find a wife that costs only 35k a year
My wife has her own business, she was written up in Karren Brady's book on young women entrepreneurs. She is not only beautiful but solvent https://www.ebay.co.uk/itm/Playing-t...6c1166a88124e1

Last edited by fatmanfilms; 25.08.2020 at 12:15. Reason: spelling
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  #115  
Old 25.08.2020, 12:08
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Re: Do you think about your future/retirement etc?

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Any Portugues here? Would CHF200,000 get you a decent property not in touristy spots? I don't want to be in any tourist trap areas full of drunk Brits, Germans, Dutch tourists
So plan is that in next few years I will narrow down few regions and then holiday few weeks in each region to see if I could spend my future there.
Yes you can, in the North, inland. Also some coastal towns. If you're a handyman you can also buy some old places that need some basic renovations.
Look around Beja in the south, or Mirandela in the North.

Taxwise you have the non-habitual resident scheme which while no longer tax free is still very attractive.
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  #116  
Old 25.08.2020, 12:14
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Re: Do you think about your future/retirement etc?

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wow, 75k is approximately our yearly budget with a kid in the middle of Zürich...
We bought a holiday home in France in March, Taxes / Electricity / Service charges & water I estimate at 18k, I guess our restaurant / food / wine bills are similar, we eat far better than anyone could afford to living in ZH & run 3 cars.
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  #117  
Old 25.08.2020, 12:40
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Re: Do you think about your future/retirement etc?

Really enjoying this thread because this is the conversation I had recently with some friends. Wondering if all the folks here are swiss passport holders or on B/C Permit. That also would have a bearing on the decision I assume. I always wonder about Cost of Living in CH especially once you dont have jobs and thus curious to understand better.
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  #118  
Old 25.08.2020, 12:45
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Re: Do you think about your future/retirement etc?

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Yes you can, in the North, inland. Also some coastal towns. If you're a handyman you can also buy some old places that need some basic renovations.
Look around Beja in the south, or Mirandela in the North.
So Beja but near the coast, right? I am not sacrificing Swiss mountains and then not being near the ocean. Is silver coast near Lisbon any good or is it full of foreigners only?

I love Lisbon and would like to be near it but CHF200,000 would get more on the outskirts? Small house with some land?


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Taxwise you have the non-habitual resident scheme which while no longer tax free is still very attractive.
If I marry a Portugues lady, would that make things worse or better from tax point of view?

www.idealista.pt the best site to find property?


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  #119  
Old 25.08.2020, 13:16
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Re: Do you think about your future/retirement etc?

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For me the biggest considerations (as of today, subject to change) are access to good healthcare, nice weather, affordability, close enough to civilization if I want to go out and meet people, and most importantly a place where I can speak the language. Reasonable proximity to a major airport would also be important.
Northern Italy, possibly near the lakes, sounds a good option for you. You might have to learn Italian but that'd be well worth the effort.

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At the moment Switzerland isn't high on the list for me, as it's simply too pricey and I hate the gray winters. At most I can see myself as a snowbird, spending summers here and winters elsewhere.
Grey winters? A friend of mine who lives near Bern regularly calls me in winter just to tell me that there's basically one low, dark grey cloud stretching from one side of Switzerland to the other. But that only applies to Switzerland north of the Alps. You're in the wrong part of Switzerland. Try Wallis. We don't have grey winters. Lots of sunshine and more ski resorts than you could shake a stick at. Very easily accessible from Northern Italy too.
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  #120  
Old 25.08.2020, 13:19
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Re: Do you think about your future/retirement etc?

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If I marry a Portugues lady, would that make things worse or better from tax point of view?
If you marry a Portugese lady purely for tax reasons, it'll undoubtedly make things worse from any other point of view.
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