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Showing posts with the label Baby Boomer retirement
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An Expat's Life:  Appetite for the New and Novel As I plan my retirement abroad, I'm reading a ton of books about expat life and living overseas. One book in particular has a passage that seems to sum up very well traits that successful expats share. Here is the quote, Being an expat requires a true appetite for new and novel situations - or at least a hefty tolerance for them - because it's unlikely you'll ever clear up an unfamiliar situation by saying, "This isn't the way we do it back home." Successful expats thrive on novelty and unfamiliar situations. They relish the challenge of figuring out how to get things done, often in new - and possibly better -ways. You will never really know if you are cut out to be an expat until you try it.  Suzan Haskins and Prescher Dan. Guide to Retiring Overseas on a Budget (2014). Thought it was worth sharing.  I was born ready for the expat life.

Retirement Planning: More Hurdles to a Relaxed Retirement in Thailand

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Filing the TM30 and TM28 Forms; Reporting Week-end Travel So, after spending the summer reading about Ecuador, I had decided to continue to explore Thailand as a retirement destination. Ecuador looks perfectly fine, but I am not ready to leave Asia. Even so, I may need to explore other destinations. Glad I have a year to figure it out. In the past few months, Thai Immigration has begun strictly enforcing a 1970s-era law allowing them to closely track the movement of "foreigners." The law was passed at a time when Thailand saw an influx of 600,000 refugees. One news article explained: When the 1979 law was enacted, Thailand had well under 2 million tourist arrivals annually, but was experiencing major influxes of refugees from Cambodia, Laos and Vietnam. This followed the fall of Indochina to communist forces in mid-1975, and the invasion of Cambodia by Vietnam at the end of 1978. Today, immigration control is a much changed proposition. Forecasts for leg

Supply-Demand Gap in Lawyers When Boomers Retire

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Most of the news these days focuses on the alleged over-supply of lawyers.  I say "alleged" because the market considered by these journalists does not cover the needs of our rural populations or anyone who can not afford legal services at current prices. But, I'll leave that topic for another post. Today, I want to focus on the potentially odd likelihood that we will have a lawyer shortage in another five to ten years.  Here's why. The Washington state bar surveyed its lawyers asking about retirement plans.  The survey found that nearly one-quarter of the state's lawyers planned to retire in the next five years or about 1,440 per year.  Another 32 percent of its surveyed lawyers planned to leave the profession or cut back their practices.   See story here. The Washington bar report noted that a whopping 71 percent of the state's lawyers were aged 50 or older, with 21 percent being 61 or older. On the other hand, admissions to the state bar had not k