Posted on 10/17/2019 10:51:54 AM PDT by Red Badger
Though they ‘love America,’ this couple has chosen to put their roots down in the coastal town of Denia in Spain.
Call ‘em Texpats.
Kevin and Susan Bryant, 55 and 48, spent most of their lives in Texas, recently in retiree hot spot Austin. But “when Austin became a mini Silicon Valley, we were priced out,” Kevin, a now-retired history teacher and principal, tells MarketWatch.
History buff Kevin says he’d always wanted to live in Europe — “in a castle, specifically, but I let that part go,” he jokes — and began hunting for where the couple might retire on his educator’s pension. They considered more than a dozen countries, finally settling on Spain for a variety of reasons, including its relative affordability, good health care, and that his teacher’s pension could qualify as income to help him get residency there.
To find the right spot, they toured Spain, rejecting Barcelona because it was too big; Tarragona because it was too far north (they wanted somewhere a little warmer); and Peñiscola, because, though they liked it, Susan jokes, “I could never tell my mother I lived in a town with that name.”
(Excerpt) Read more at marketwatch.com ...
Average salary of a doctor in Spain: $45K. Number of knee surgeons driving Ferraris: 0.
I would rather the surgeon working on me have a nice Ferrari or two then than work all year for 45K.
If he had enough quarters he could draw SS, but at a reduced rate. He would have to make Windfall Elimination Provision(WEP) calculations.
I have a neighbor in the TRS, and she has griped about WEP, and not being able to draw SS for jobs she worked on weekends.
Come to think of it, my other neighbor in TRS has griped about it, too.
Great timing too! Just in time for a Spanish Civil war with Basques. They’re gonna have a lot of fun.
Working on the weekends isn’t going to cut it for SS. If they would have worked full time during the summer break it is likely they would have enough hours or close to it at retirement time.
Say hi to Jimmy Hoffa sometime
Taxpayers BAIL OUT underperforming pensions. All the time. Every community.
I have recently entered the Catholic dating scene and have located two seemingly compatible divorced or widowed Filipinas right off the bat — within 150 miles here in my rural area of U.S. — would like to marry both of them!
Ya might want to educate yerself son, it wasn't just the unions that profited from company sponsored pension plans.............
But I do thank ya fer yer support..........I truly do!
Give me yer address and I'll send you a thank you card this Christmas..........LOL!
just wait until they need open heart surgery or something like Humira for the rest of their lives ...
we don’t need no stinkin half azz citizens anyway. Live in the dirty, tiny spaces people call home over there.
I’m Basque. And Spanish.
No war man.
US Civil War II may be more likely.
But then US expats will fin that their US pensions and 401K/IRAs will be worth nothing.
Didn’t age well. My mother is 70 and she looks better than her.
Its quite usual for Basques abroad to retire to the homeland.
My cousin, a couple of uncles, my grandfather, my godfathers wife and daughters, etc.
That after careers as expats in the US, Japan, Hong Kong, Malaysia, Britain, etc.
WEP will get you even if you do have enough hours or quarters or whatever line the SSA decides to feed you this week. Hubby’s check is $405 a month before they take their $135 a month for Medicare out. We have private insurance but they don’t care and we still get to pay that $135. It is all a big scam.
I live with my husband's extended family in a medium sized town in the provinces. I am the only white lady in town, except for occasional missionaries trying to convert the heathen who come thru now and then. (/SARCASM).
But what I am pointing out: When you get older, family and connections mean a lot. Maybe not so much to men, but for women. So moving overseas means leaving your kids and grandkids behind, and of course, when you get sick you are on your own.
Since my ancestors left Basque country in Spain starting before 1600, they don’t have any connection or loyalty to Spain-the ones who left were rebels anyway, and most of us still are, but I’m sure it is not the same for more recent immigrants.
I went to college with a Spanish Basque here on a student visa-when he heard a rumor from home about another Basque uprising, he packed up his stuff, bought a ticket home and told us all he was going back to join the revolution-no one ever heard from him again-apparently the Basque disdain for the Spanish government hasn’t changed much in a few 100 years...
Their health bennies are very generous, too.
Something isn’t right here....
He paid a pittance compared to what he's getting back, both in terms of pension and health bennies.
This story smells.
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