$500k is really nothing today.
My wife and I are 58 and have zero debt also. However, our household fixed cost per year is almost $50k ($1500 month health ins, 8k annual property tax, utilities, food and all other insurances, basic house maintenance, cable etc)
Have to consider a major illness such as a stroke and end up in a nursing home at $6k per month or more and it will eat that 500k in no time.
Sell the home and downsize to a low cost area and you would be fine.
We continue to work because we are terrified of running out of money even though our CFP said we could retire now.
We are self employed and will still continue to work because we are healthy and like what we do but we are expecting another 2008 style crash with all the record household and national debt.
I would never retire to another country where my gringo skin is in the minority.
>>We are self employed and will still continue to work because we are healthy and like what we do but we are expecting another 2008 style crash with all the record household and national debt.<<
I am just too damn tired. I wake up every morning wanting the day to be over. I have been working pretty much nonstop since 1972. A few brief breaks and that is it.
My needs are small: A roof over my head, booze in the blender, food in a small fridge. I don’t even care about RX. Let my afflictions carry me where they will.
I have 3 million AA miles. 1900 Marriott nights. Life time status with both. I have seen all I want to see and been in too damn many places not home.
And home is now a meaningless concept.
That other country is moving here.