So true, If I could take my NY earnings somewhere else I could live like a prince. Problem I’ve seen in the past is when someone transfers at close to their current earnings, they eventually get cut and are lucky to find a job at 1/2 what they were making if they can find one at all.
Yep, especially if they’re earning decent money in a white collar job and someone in China and India is willing to do “the same job” for a fraction of the salary. Gotta make the quarter, ya know, keep those bonuses and stock options coming!
The way to make this work is to live in the high cost/high income area until you are ready to retire, then move to a much lower cost of living area.
Even if you still have a mortgage, when you sell, your equity will buy a paid-off house in a low cost area, and a pension plus SS will go a lot further. Roll your 401(k) over into an IRA and handle everything over the internet.
Life is good.