Retirement Abroad: A Lifelong Dream Come True
For many, the idea of retiring abroad is a cherished dream, combining the allure of a different culture, environment, and lifestyle with the freedom of a second chance to enjoy life without the daily grind of work. My own journey enriches this narrative as I reflect on the various experiences and choices that led me to settle in Malaysia, a warm and welcoming nation known for its diverse culture, vibrant food scenes, and hospitable people.
My work experience in Penang, Malaysia, from 2001 through part of 2005 left an indelible mark on my life. Beyond the professional experience, I found immense joy in the living environment, the rich culture, and the delightful culinary treats. The local cuisines, while not as readily available as in my home country, were always a delightful discovery. I have never faced a food poisoning problem, which has been a significant advantage of living abroad.
The Lifestyle and Changes
In 2016, my life stood at a crossroads, and I began to consider retirement options. I looked at various U.S. states with no income tax and several countries in Europe. Despite the allure of these options, I eventually decided to settle in Malaysia, applying and receiving a 10-year retiree visa. My alternative if that plan did not work was to live in Texas, where I had worked for 18 years. This decision to live in Malaysia was fueled by various factors, including the cost of living, healthcare, and lifestyle.
Advantages of Living in Malaysia
Malaysia offers a warm and welcoming environment, with hospitable people who make life easy and enjoyable. Many Western foods are readily available, catering to those who have specific dietary preferences. The local cuisines are diverse and tasty, adding an exotic flavor to my days. The health care system is at the international standard, providing peace of mind.
Finances have a significant impact on the quality of life. Here, the cost of living is about one-third that of Texas. For instance, the cost of buying a home in Penang is about equal to Dallas, Texas. Maintaining a car, including fuel and insurance, is about 75 to 80 percent of the cost in the U.S. Alcohol is taxed heavily, making it more expensive, but it also applies in Texas, balancing the scales somewhat.
Financial Aspects and Commodities
Medications are much cheaper in Malaysia compared to the U.S. What I would spend for a one-month supply of medications can be extended to a year's supply here. The sources for generic drugs are the same in both countries, making it easier to manage personal health while saving money.
My monthly expenses include internet, cell phone service, and condominium fees. For a reliable 550 Mbps internet connection, I pay the equivalent of 34 USD per month. A full-feature cell phone service costs 25 USD per month. My condominium fee, which includes 24/7 security, is 135 USD per month. All these expenses add up to a comfortable and luxurious lifestyle that would be harder to maintain in Texas.
Preferences and Challenges
While Malaysia offers a plethora of benefits, I do have a preference for cold weather. The typical daytime climate in Malaysia ranges between 83 to 91 degrees Fahrenheit and 65 to 80 percent humidity. For those who appreciate chilly weather, traveling to colder climates, such as Shanghai, during the winter offers a delightful change and an opportunity to visit old friends.
Living in Texas, where I worked for 18 years, remains my wish. Despite having the financial means to live in another country, the affordability and lifestyle provided by Malaysia have made it a dream come true. The decision to retire abroad has been one of the best choices I've ever made, providing a balance of comfort, cost savings, and cultural richness.