Our Early Retirement Philosophy

In our discussions up to the point of making our decision to retire early we always seemed to come back to the point that we needed to downsize, simplify and enjoy life.

We had collected tons of stuff, but did any of it mean anything? We had unbelievable numbers of commitments, but were we getting things done? We were always on the run to get something, see someone or be somewhere, but did the important things get done?

We came to realize that we were running in circles and not having the time to do the things we felt were important to us. What was important to us was time together, not just time together, but true quality time to enjoy adventures together.

For those that do not know us, adventure can mean many things to both of us. I am very fortunate that Stacey enjoys many of the things I do, fishing, hunting, camping, etc. We also really finding someplace new to go to and explore. Sadly for at least the last 4 years we have not been able to enjoy these things as much as we would like to.

I just found a great post by Paul Yeatman over on the Retire for Less in Costa Rica blog, titled Our Retire for Less in Costa Rica Philosophy. This really sums up our own philosophy to our early retirement.

Why Do You Want To Retire Early?

Most people believe that the question that is most important to an early retirement is “Do I have enough money to retire early?” However, that conventional thinking is very wrong. The most important question that you need to answer is “Why do I want to retire early?”

No matter what it is you want to do in your life, once you understand your WHY your chance of achieving your goals gets much higher. This is one of the first rules of any self-development program.

Let’s look at two different approaches and see which one you think would motivate you more. 1) “I want to retire early.” 2) “I want to retire early because I am still able to travel extensively and enjoy places like Machu Picchu, the cloud forest walks and living in the Andes.”

Your why may be very different from ours, but if it motivates you to take action and real planning, then it is right for you. You want it to be positive, simple worded and resonate with you.

A very good exercise is to sit down with paper and pen. Say that question out loud: “Why do I want to retire early?” Then write down each and every reason that comes to mind. Then post this list somewhere you will see it several times a day, especially early in the morning.

Revise this list often by adding to it any new thoughts you have or rewriting the ones that do not still resonate with you. You should also look for pictures that express those ideas in magazines, online, etc. My promise to my wife of our early retirement was a picture of Machu Picchu on the back of my first self-development CD case.

Also, an important aspect is to share your why’s with at least one other person. I am sure a lot of people got tired of listening to what and why we were doing what we are doing. But it made the efforts more worthwhile as we worked through getting ready to go.

You Are Going Where? Are You Loco? Part II

As I write this we are 4 months and 22 days away from our move to Costa Rica and the cold grip of winter has settled into the Utah Mountains. Life at 7,000 feet is tough in these mountains and even more so when you have the medical conditions that we both have.

We continue to have questions from a lot of people as to why we would move away from a house we have spent 8 years remodeling, away from Family and into a culture so radically different.

Most people do not realize how we are now living our lives for almost 6 months of the year that the cold is settled in. If we were to stay put where we are, every year we would spend those 6 months sitting on the couch unable to enjoy some of the basic things in life. The levels of pain we are both in during the winter would make most people cry and often makes us cry. We are unable to take pain killers due to the negative side effects upon both of us. Our Doctors are amazed at how we can get along without the pain killers and sometimes we just have to break down and take them anyways.

Just today I had 4 people at work that saw me walking around during my trips around the building when I had to get up from the chair. Each commented that I must be in a lot of pain and wanted to know if I had been in an accident. In fact it was just the weather of another winter storm descending upon us.

When it warms up each year we improve greatly, but are still affected each time a storm comes through. We spend our summers trying to catch up with the things we could not do during the winter, falling further behind each year. This year we still have a ton of work to do and will never get it done.

Our beloved greenhouse has sat mostly unused for the last two years when we could not put the effort into it until later each year. We finally sold it after we decided to move south as we realized we would not be able to use it anymore even before we left. We are very happy that the family that bought it have very similar ideas to us about living sustainably.

We realized early on, when looking at options that we would be unable to at this point move to St George Utah or Arizona for a climate that would better suit us at this time. It is 5 years before  I reach retirement age. However we have my Navy Retirement and VA Disability pay that I receive now. It became quite clear that the only way we could afford to live between now and full retirement was to relocate to Central and South America.

Then we discovered House Sitting, by house sitting we can reduce our living expenses even more. We can move around to different areas and countries. We were amazed at how our first house sit came together like it was meant to be.

The most positive thing going for us there is that the stable weather patterns  and overall climate in Central America will mean an end to the pain we suffer each winter and we can live a fulfilling life. We will have the chance to truly enjoy each other’s company rather than just occupy space next to each other on the couch each winter.

We plan to spend 5 years moving around and exploring a part of the world that is very different from where we have lived before. We know that our relocation will allow us to have a life together once again. We do not need things like a house we own, more importantly we have each other and the memories we will be creating together.

Pura Vida!

TriCare and VA FMP

A new development in Costa Rica is that Hospital Metrolitano is accepting Veteran patients with Tricare and VA FMP. Below is a flyer from Hospital Metrolitano, it is best to contact them directly for details and questions.

Also note that there is a Foreign Legion Service Office located at Hospital Hotel La Catolica in San Jose, also called Clinica Catolica.

tricesanjose

Time Is Short, Live Life To It’s Fullest

toucan I recently read two articles on the Retire for Less in Costa Rica Blog that really sum up what we have been thinking and what shaped our decision making. These articles have helped me describe to others why we are moving now.

The first was written by a former Financial Analyst and takes an actuarial point of view to the subject. In “What Does It Cost You NOT to Move to Costa Rica?” Bob Evans points out that when you get within a few years of retirement, the benefit of those last year’s tend to be very little.

In my case with my Military Retirement already secured, working an extra 5 years at my second career was only going to make a marginal difference in retirement pay. The value of spending those 5 years with my wife full time far outweighed the little bit of money.

The second article, “Five Good Reasons to Consider Retiring Abroad” generated a bit of discussion on some of the Facebook groups. Although some people felt the low cost of Assisted Live was the high point, I focused on item #1. Americans live on average 19 years after retirement, I wanted more time to enjoy the time I have with my wife. We are best friends and enjoy doing so much together. In the last few years those special adventures have been few and far between simply because of work and other commitments.

In our final analysis we discovered that we were at a point where we would be much better off moving to Central America than staying put and working ourselves to death, literally.