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-   -   Do you think about your future/retirement etc? (https://www.englishforum.ch/finance-banking-taxation/299781-do-you-think-about-your-future-retirement-etc.html)

Talk to you later 23.08.2020 14:57

Do you think about your future/retirement etc?
 
Ideally I would like to live in Switzerland for rest of my life but it seems it would be difficult financially. The only thing I can afford to buy here is a goat shed in the mountains. I can redo the interior and live like a king but would my aging body cope with walking up and down steep hills! Electric bicycle?

Southern Europe is a possible destination as property is lot cheaper and it looks like I can buy a nice house with enough land for a vegetable garden (important for the times we are living in).

Spain, Portugal and Italy are possible destinations. I love mountains and not touristy beaches so I will feel a longing for the mountains if I move away. I have Permit C and I aim to become Swiss before I leave, otherwise it would be bye bye Switzerland forever. My Swiss friend said that if you run into major problems abroad and get ruined financially, you can always return as a Swiss and get social help. Not that I intend to ever be on social but who knows the future. Also will there even be social help available in 20 years time?

I don't know what my question is, just rambling and worried about what to do and what not to do. Being a nomad all my life, I am always a foreigner no matter where I live. With Covid, over population, lack of resources/jobs etc and possible rise of nationalism would I even be safe in Southern Europe? Than again things could go south in Switzerland too but I think rich countries break down last?

I am a frugal low maintenance guy in general and have no major vices. I work hard and save but what should my aim be apart from winning the lottery or marrying a rich Swiss lady? :)

BasP72 23.08.2020 16:03

Re: Do you think about your future/retirement etc?
 
Am kind of in the same boat here. Approaching 50, always saved my money, have enough to retire in a cheaper southern EU country. But where to go ? I like both beaches and mountains, have been looking at Canary Islands but also like long motorcycle and car trips throughout the EU. So Tenerife is a bit far for that.

I like the idea of Ticino but this is also kind of expensive especially as I want a garage and room to work on motorcycles. (Southern) Germany comes to mind but I like the feel of southern Europe. I want to have a look at Puglia (the heel of the boot) but am careful with travel now with Covid.. Slovenia also seems to be nice but language would be a problem.

In CH, have you looked at the Jura ? Houses are relatively cheap there, and its a mountainous area...

johnjames 23.08.2020 18:11

Re: Do you think about your future/retirement etc?
 
Quote:

Originally Posted by Talk to you later (Post 3209939)
Ideally I would like to live in Switzerland for rest of my life but it seems it would be difficult financially. The only thing I can afford to buy here is a goat shed in the mountains. I can redo the interior and live like a king but would my aging body cope with walking up and down steep hills! Electric bicycle?

Southern Europe is a possible destination as property is lot cheaper and it looks like I can buy a nice house with enough land for a vegetable garden (important for the times we are living in).

Spain, Portugal and Italy are possible destinations. I love mountains and not touristy beaches so I will feel a longing for the mountains if I move away. I have Permit C and I aim to become Swiss before I leave, otherwise it would be bye bye Switzerland forever. My Swiss friend said that if you run into major problems abroad and get ruined financially, you can always return as a Swiss and get social help. Not that I intend to ever be on social but who knows the future. Also will there even be social help available in 20 years time?

I don't know what my question is, just rambling and worried about what to do and what not to do. Being a nomad all my life, I am always a foreigner no matter where I live. With Covid, over population, lack of resources/jobs etc and possible rise of nationalism would I even be safe in Southern Europe? Than again things could go south in Switzerland too but I think rich countries break down last?

I am a frugal low maintenance guy in general and have no major vices. I work hard and save but what should my aim be apart from winning the lottery or marrying a rich Swiss lady? :)

The CH pension will be very very little if say you start work here at 50 years of age. ( unless of course you are a big earner or you have saved alot up to the age of 50. ).

Jack of all trades. 23.08.2020 18:16

Re: Do you think about your future/retirement etc?
 
Who knows what is going to happen?

Chill and let this one play out for at least a few years before you decide.

:msncool:

Medea Fleecestealer 23.08.2020 18:34

Re: Do you think about your future/retirement etc?
 
Pretty much already decided, though hubby won't admit it. Back to the UK eventually since our house there is better suited for his medical needs as he grows older. My needs too probably; beginning to find it hard to get up 2 flights of stairs in one go without the help of a handrail.

3Wishes 23.08.2020 18:38

Re: Do you think about your future/retirement etc?
 
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.

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.

DantesDame 23.08.2020 18:38

Re: Do you think about your future/retirement etc?
 
Dan and I have been discussing this for the last couple of years and haven't come much closer to any solutions.

Unlike you guys, we talk about moving north, to the cool, damp hills of Scotland or the temperate beauty of British Columbia. Or maybe we'll just buy a boat and live on it while we tour the world for a few years and THEN try to figure out where we want to live :cool:

Honestly, it is a nice problem to have.

roegner 23.08.2020 18:48

Re: Do you think about your future/retirement etc?
 
Already bought a house in another country, in a city I worked for a longer time, and where my Swiss savings will give me sufficient joy of retirement

ennui 23.08.2020 19:19

Re: Do you think about your future/retirement etc?
 
Husband is not happy about having to retire at 65 (in 8 years) so hes probably going to have a gig at the EUI in Firenze for 8 years, and were looking at part time in Switzerland (for health care)....then maybe Apulia, which we really love. Given that we can.....

stephen_NE 23.08.2020 19:26

Re: Do you think about your future/retirement etc?
 
I have a bit less than four years before I retire, and had not really given it enough thought until quite recently. Switzerland is probably not the best option although in other circumstances I would have liked to stay here (moving back to Suisse romande). I only started contributing to pension funds here at age 40 though, so it would be a big lifestyle change although not impossible.

My partner lives in Belgium and will retire a few years later than me (she is younger than me and the retirement age is older than in CH), so that looks like the best option. We had started to talk about buying property there, but Covid has put a block on that: not very practical to book visits and do all the financial stuff in another country when you have to go into quarantine as soon as you arrive there! I'm also not sure what the impact of Brexit will be... so basically lots of "wait and see" for the moment.

Chuff 23.08.2020 19:32

Re: Do you think about your future/retirement etc?
 
Started thinking about my retirement recently although I am a couple f decades away from it. I can't imagine not living in Switzerland so plan to grow old here. Started contributing to pensions in CH at 28 so I think I should be ok if I get a house sorted by then and don't have to worry about rent.

CH state pension + CH private pension + UK pension + savings/investments/inheritance should hopefuly see me comfortably enough to the end of my days.

I'd retire tomorrow if I could!

Blueangel 24.08.2020 00:09

Re: Do you think about your future/retirement etc?
 
10yrs away for us and plans are a regular conversation.
Rent from the UK house is already being squirreled away and it will eventually be sold to top the fund up. OH already owns an apartment outright near Athens and a share of a plot of land with an olive grove and sea view, but the dream is a house on Crete with a proper size pool, vegetable plot and animals. We shall see....

HickvonFrick 24.08.2020 00:26

Re: Do you think about your future/retirement etc?
 
I'm 31, so retirement isn't exactly imminent. My idea is to retire in SE Asia in or shortly after 2040 (basically when as yet unborn child 2 moves to university).

There's a lot of miles left to run but I'm someone who likes having plans in place.

johnjames 24.08.2020 07:16

Re: Do you think about your future/retirement etc?
 
Quote:

Originally Posted by Talk to you later (Post 3209939)
Ideally I would like to live in Switzerland for rest of my life but it seems it would be difficult financially. The only thing I can afford to buy here is a goat shed in the mountains. I can redo the interior and live like a king but would my aging body cope with walking up and down steep hills! Electric bicycle?

Southern Europe is a possible destination as property is lot cheaper and it looks like I can buy a nice house with enough land for a vegetable garden (important for the times we are living in).

Spain, Portugal and Italy are possible destinations. I love mountains and not touristy beaches so I will feel a longing for the mountains if I move away. I have Permit C and I aim to become Swiss before I leave, otherwise it would be bye bye Switzerland forever. My Swiss friend said that if you run into major problems abroad and get ruined financially, you can always return as a Swiss and get social help. Not that I intend to ever be on social but who knows the future. Also will there even be social help available in 20 years time?

I don't know what my question is, just rambling and worried about what to do and what not to do. Being a nomad all my life, I am always a foreigner no matter where I live. With Covid, over population, lack of resources/jobs etc and possible rise of nationalism would I even be safe in Southern Europe? Than again things could go south in Switzerland too but I think rich countries break down last?

I am a frugal low maintenance guy in general and have no major vices. I work hard and save but what should my aim be apart from winning the lottery or marrying a rich Swiss lady? :)

Well here's a tip.

https://www.youtube.com/watch?v=gHZygYja1F4

magic 24.08.2020 07:48

Re: Do you think about your future/retirement etc?
 
Quote:

Originally Posted by ennui (Post 3209982)
Husband is not happy about having to retire at 65 (in 8 years) so hes probably going to have a gig at the EUI in Firenze for 8 years, and were looking at part time in Switzerland (for health care)....then maybe Apulia, which we really love. Given that we can.....

This is on my short list too but with just over 5 years until official retirement I have to start focusing on this more.

I actually believe if you are savvy that you can live here if you change your lifestyle. Close to Lugano in Switzerland might be one of my choices, even though I don't speak Italian, I am sure if you live there, immerse yourself it will come soon enough.

Portugal is another one on my shortlist ...

Also just because you hit 65 does not mean you cannot do some meaningful work and contribute too, does not even have to be full time but something you are passionate about...

Anyway I plan far but try and life for the present, which in recent years has proved true as life can change very rapidly & you never see it coming.

fatmanfilms 24.08.2020 08:27

Re: Do you think about your future/retirement etc?
 
Quote:

Originally Posted by Chuff (Post 3209987)
Started thinking about my retirement recently although I am a couple f decades away from it. I can't imagine not living in Switzerland so plan to grow old here. Started contributing to pensions in CH at 28 so I think I should be ok if I get a house sorted by then and don't have to worry about rent.

CH state pension + CH private pension + UK pension + savings/investments/inheritance should hopefuly see me comfortably enough to the end of my days.

I'd retire tomorrow if I could!

I would not count on inheritance, people can live a long time & expenses increase in old age. My mother is 91. Her care at home & house running costs exceed 100,000 a year, more than a private London nursing home but far cheaper than for a couple.

(London Min wage 10.75 x 24 x 365 = 94,175)

Talk to you later 24.08.2020 08:53

Re: Do you think about your future/retirement etc?
 
Assuming this is a legit channel, this US couple bought a house in Portugal for 190k. Look at all that land! I could become a bauer with that land.

https://www.youtube.com/watch?v=Zd6dEoZpXMk




Quote:

Originally Posted by johnjames (Post 3210044)


Hi John it is important to live for the present moment and I most definitely do that but one should keep an eye on the future too.

Hausamsee 24.08.2020 09:05

Re: Do you think about your future/retirement etc?
 
Given my kids are still quite young, can't wait to be a Grandad and have even more children laugh and make fun of me as we all get older. Don't want to miss all those wonderful Birthdays and Christmas times spent with the clan right here.

Yes, I'll be very happy to stay here in safe old Switzerland and commit myself to take care of them as I know how tough it was as a parent without much help from our parents. A little help here and there goes a long way.

Can always buy a motorhome and within a day we're in Italy, South of France, Spain, and so many places a lot cheaper than here to pitch-up for the whole summer. :)

slammer 24.08.2020 09:17

Re: Do you think about your future/retirement etc?
 
Hmmm! If I were to retire right now I would recieve 580 Euros a month pension from Germany.
At 60 I am running out of options, having said that I can still expect a pension from my almost seven years in CH, something from six years in Denmark and a few bob from Malta.
I am not holding my breath that I will be getting a comfortable pension, perhaps with Aufstockung it will be enough as not to starve and I wont be thinking about retiring to the Agave. The way things are I am looking forward to my final years in poverty and squalour.

gipfelisturmer 24.08.2020 09:34

Re: Do you think about your future/retirement etc?
 
Quote:

Originally Posted by slammer (Post 3210068)
Hmmm! If I were to retire right now I would recieve 580 Euros a month pension from Germany.
At 60 I am running out of options, having said that I can still expect a pension from my almost seven years in CH, something from six years in Denmark and a few bob from Malta.
I am not holding my breath that I will be getting a comfortable pension, perhaps with Aufstockung it will be enough as not to starve and I wont be thinking about retiring to the Agave. The way things are I am looking forward to my final years in poverty and squalour.

So you only rely on the funds your pension(s) will provide you?
How about setting up some savings and a private investment plan?
It is never too late (yesterday would have been better though).


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