We get $2,740 a month from Social Security: Where should we retire?

Yes.

 

I would consider a expat type of situation. Right now the American Dollar converting to Shekel for the local economy is about a little over 3 to one in our favor. So 10 dollars USA in your pocket exchanges to a local equivalent of eh... 35 shekel. IF its one to one or worse there is no benefit.

I think China is running 8 to 1, Japan a little over 10 to one, Canada occasionally 35% apparent spending power increase when you use USD in your spending.

I am not too far from social security And decided that I will continue working until 70 or whatever that maximum age of retiring is.

OTOH, I might just go and file at 65 and take the COLA Hits when about 24 to 27% of all benefits are cut pernamently around 2034. At about 2% a year COLA will replace that loss near the 90's in your lifetime and position you back to square one.

What we have done recently is examine annuities. IF for eample you commit 10K times 5 seperate annuities there is 5 seperate income streams for 7 years, Tiaa Cref comes to mind. We have done business with them before.

The big thing is evaluating going outside of the 50 states and the borders of these United States. I feel the local exchanges and economies when you bring USD to the table for the beneficial exchange rate you will find that your overall situation has doubled or tripled in terms of cash flow in the local econmy.

Do not make the mistake of buying AMerican Gold Eagle Ounces in Bullion Coin. It's about 90.34% gold content. If you wish to have gold, take a look at the Pandas sitatuion and or the Maples because they should be around 99.7% gold. You don't need much, understand the spread of how many silver coins it takes to purcahse one gold coin spread and work on accumulating. At some point in the future that spread will resume it's Natural Situation of about 14 to 1 in Gold to Silver. HAving accumulated at 82 or whatever to one for years will help you be in a good position.

 

close to the beach

 

Do not. I repeat. DO NOT move to China. ####s going down and getting worse there. It's a powder keg and the government takes it out on foreigners frequently. Just look at the Canadians arrested because Canada lawfully arrested one of their corporate agents. You risk arrest and execution just for being American these days. And maybe social security shouldn't pay for expats.

 

Lots of people are going to Belize . Nice climate , everything is inexpensive and it's an English speaking country.

 

Good deal.
145000 in retirement!

 

I know you have a home in China. Has it fallen down yet? Everything about China makes me nervous. I'd never want to be on the roads there. I'd never trust anything built there. I wouldn't want to be harassed every month to register with the local police department as a foreigner and be followed as such to make sure I wasn't working on some quirky visa because you can almost never become naturalized and properly immigrate.