just prop park your primary to a lot of people needing to save enough money for retirement. they just got to accumulate enough money so they can retire. you know, and we usually use a, you know, when you're talking about your investments, if it's a younger person, they don't have, they typically don't have a pension plan, right? they might have social security. so you want to have minimally, i think if you live on the east coast of the west coast, you know, $11.00 and a half to $2000000.00. if you're talking about living and traveling, you want to talk about what kind of countries, if it's likely to austria or switzerland, you might need $3000000.00. if it's going to be, you know, let's assume it's, um, a mexico or like, you know, the central american country, like you know, costa rica. you might need a little bit less than that, depending on what your, your, what the cost of living are. so it depends on a lot of factors and how kind of want to estimate the amount of money needed for a comfortable retirement when inflation and the cost of living just keeps on going

up and up and an accelerated rate. well here's the good thing is that we do a lot of modeling on retirement projections. so we could say ok, this person makes x amount of dollars. now they're assuming they're gonna, uh, their, their bills are, let's say 60 or 70 percent of what they have. what their income is, and then we can say, okay, what's the number we need to save to, to get enough money to generate that money. so they don't want to work for us. and we just put we model different rates of inflation is a 3 percent, 5 percent, 7 percent. the average we model is about 3. uh, but sometimes it is hyper inflationary periods. you might say the 1st 7 years might be 5 percent, and then it drops to 3. what are some of the advantages of retiring internationally? well, but again, depends on where you're going to go internationally. if it's so we are the east coast, have a, a good group of people are thinking about retired to europe,

one popular places, portugal right now, because it doesn't cost a lot to live there. but there's other factors, right? that there might be a you like live on 50 percent of what you need in the states to retire there, but you need to figure out, ok, can i even own a home there, or how am i going to live like by real estate? are really the big questions in, when you moving to those kind of countries in the secondary one would be, is what's my hot water my medical service is going to be available. so those are factors that we take into a lot of consideration or talking to pre retirees about this. and what about the challenges of retiring internationally, especially as an older person who cannot pick up languages and adapt as quickly anymore? well yeah, well i'm, i'm assuming the person who wants to retire internationally is gotten like a call. they've got spirit of like our to learn more about the culture. right. so they want to do a lot of pre education about what the cultural norms are, especially if they go visit their once or twice before you really got to stay there

for a period of time. so i normally recommend, if you're going to go anywhere that you're not, not currently living now you spend 3 months there and just do an air b and b and try to put yourself in a day to day of living there. you'll pick you out. what's the, you know, where i'm going to do my laundry, where am i going to do the dry cleaning? where am i gonna go to where, what activities, where i want to be part of and with language, which is great, you know, the internet and, and, and just using the apps on your phone. you've got like trash like doc. com, which you could start with basic conversational things like, you know, how do you say, uh, let's go to, i wanted to find where the, with the train station is, you know, and at a time that's overlook, steps you on a set of ideas. you know, you need to know like you want to learn some of those key phrases to kind of get through your day if you will. what are some of the benefits and drawbacks of downsize saying or relocating after retirement?

but i'm not really familiar with that as much. a lot of my clients were retiring to . those countries have been, had worked, had lived and worked in that country before they were from that country. and now they go to go back to that country. so they might be getting a social security but. busy page the government pension from that country um other cartridge encourage american dollars to go to their country. so they're going to get some people favorable tax rules. that's a key issue for a lot of. i call the ex pap retiree story is i'm looking at. busy what all the tax rules and what are the agreements between the united states in that country. you want to do your research before you go. you might have been doing your own taxes for years. i might recommend you find a firm that has a relationship and knows those tax rules between because you're going to that's, it's just it's good tax policy. it's great. it's just good for you to be ahead of the problems. not all of a sudden be surprised if you will get a little

a little mix, a lot more sense i get. i can't emphasize that enough retirement homes like assisted living facilities and the america is a very big business. so how big is the retirement home market internationally? i don't, i mean, i don't know that for say, don't have a specifics that what do you mean, retirement home, are you talking about a assisted living facility? are you talking about retiring home like i'm going to now i had i lived in new york . i have a house in florida. i'm not selling the house in new york to live in florida. that's the case. there's a lot of that. oh, that's expensive. so that i can start anywhere from $6000.00 a month, up until $12000.00 more depending on the level of care that the leads need. so that's also what we're seeing a lot of his parents, let's say for instance, the children, the parents, you know, the children looked away and they now live in

a different state. the parents want to move closer to them. um, so the parents children could check in on them everyday, you know, and political local facility versus having in the home our preference and most of my college preferences is to be in their homes is as long as possible. so you can make adjustments like making so you might creates ramp. so you might create a, a, a elevator in the house to up the stairs. so you'll make some adjustments through the house so they can stay there the longest. and hopefully the children live locally. so they can check that for my mom and dad all the time. thank you so much for your time and insight today, matthew. and when we come back, the notion of retiring and places like italy and france is appealing to the benefits those country offers. the retirees are threatened, we'll have more on that after the break. the

lease of russian states never as tight as i'm wondering, the most sense community best. nothing was all sense and up the, in the 65 to 5 must be the one else holes. question about this, even though we will then in the european union, the kremlin media mission, the state on russia to day and split the ortiz full neck, even our video agency, roughly all the band on youtube. the question, did you say to stephen twist, which is the,

the, some of the cheapest places to live in europe during retirement, our friends, italy and cyprus. these countries enjoy great health benefits, lower costs of living, and a relatively stable political landscape. that is, until their great benefits are now threatened to france suffered fierce protests. one president background raised the retirement age from 62 to 64. the french are very protective of the countries universal health care system and generous social security system. and the idea is that you pay a very high tax during your working years, but then you get to retire at a relatively young age to enjoy these benefits. this compare to most of europe where the retirement age is still 65. unfortunately, many governments in the developed world are in similar situations as population

growth is down, people are living longer, medicine is better and benefits cost more. so government's attempt to balance budgets by cutting benefits, particularly in countries with generous plants like france, president macro and argue that the reforms are essential to prevent the french pension system from collapsing. and in the us, the full retirement age was 65 for most a social security history. but the 1983 overall gradually raised the age of 67, which it reached in 2022 for those born in 1960 or later. which effectively cutting benefits by 13 percent as compared to benefits if the retirement age has remained $65.00 for each one year increase in the full retirement age is equivalent to roughly 7 percent cut in monthly benefits for all affected retirees. so if the full retirement age were raised to 70 current,

social security benefits would be reduced by nearly 20 percent. essentially raising the retirement age amounts to an across the board cuts and benefits. regardless of whether a worker falls for social security benefits before upon or after reaching the full retirement age, that means that the younger generations will receive benefits for a smaller number of years and their lifetime benefits will be much lower. meanwhile, china has the world's youngest retirement age, according to the o. e cd with women retiring at 50 and men retiring at 60. but while retiring young is the dream, the reality is that money will not be able to in order to maintain a certain lifestyle. in china, government funding hasn't kept up with a number of people entry retirement, so they have to remain in the workforce for longer. now let's take a closer look at what does it cost to retire an african countries like cameron,

and for that well as on mock way in the can radio journalist and community mental health expert and joins us from cameron to discuss their perspective on african retirement dynamics so how does the concept of retirement vary across different cultures and regions? are there any notable cultural differences and how retirement is perceived and experienced in come in retirement? was that like something which is a burglary? it's up to some things to shift school because people feel like they have to i've seen practical somebody's been retire mean, or they have to be the ability to know she's very much, i mean, but i don't know why doing so much to my roaming around the time in the past, but today is what gets an enlightened the bible jennings about how to have in the family plan and also how to get it ready for you based on so it's not like they

used to use before. as long as i said, i took the time and i'm the, you know, well, the idea of more hopefully that you're fine, i think maybe because or send it back to diamonds king. so they said that when the 8 weeks this happened, a guy that seems for them and the end of our lives. i'm, you know, been pretty fast. we 2 years out of town. i mean for them to be some of that is, is scenario. and can you share insight into the retirement systems and social support structure as an african countries and how they differ from other parts of the world? i'm so a come around just couple years ago in the past. actually we had them in time in ages from, from east dietz. if you define, that's what category is b a, b, c, d, 's or category a mean back to a senior level staff category. do you mean, you know,

any level staff as go see for executives and category g for somebody needs to category and do the tire at the age of 55 and category c and the other agent pc. but on the 2nd of december, swing between those at the stage has decreed that when nice retirement is increased, that can come in. so 3, that's crazy. we now have a jamming. it use 4 categories is andy's wants to 60 is a category c and d. i v is or if someone writes for every call and kind of hard for me to savvy, okay, discuss any cultural norms or traditions related to retirement in african countries and how they shape retirement experiences for individuals. i mean to not be that you work for a certain number of years, reading the way to accept these and i'm waiting you your class,

you to also being on the call. you find yourself in. so either you'd be had people is the business medical pick to add those email it should say to i know guys are retiring and had those in on. i do have a meeting then they're not there. and i've reached back to me 2 days. so i can see there's a lot of a time now we have people to be waiting on them to retirement. you know, you know, i said to you, if you look for 20 years, you're interesting about how i feel free to take your brands here to tammy is degree. i have your pension. but like i mentioned in the past when my life is because, 1st of all, people do not the druggist do you know, read about what's the diamond entails and patients. so they were not, i mean what i had to find out what the brain damage schemes available for them or

what's a patient skiing and how windows 10? no, it's important to us for their time and it is a really huge supply. and the next day i have to have, i have no m saves, i have nothing to in the settings are on their pension and famines being. but today there is information out there on the internet everywhere. so people can actually go to the office. i mean, i talk to this guy about, i'm going to come in man, or having the intentions to attach to. danny, how does the emphasis on intergenerational support and family dynamics impact retirement planning and lifestyle choices in african culture? in terms of the family dynamics room at this point in time and quickly as we learn sort of what's going on with the family. because, you know,

people understand that expect them to be on time and we need to get around, you know, be around the right, at least the lead sites which are also boards. you don't need to be in class what you just said being available for them on the show before the retire. i'm the person who the less. if those happy dep, jenna. i only got people in the house. no. it'd be as tough as died. there's literally nothing that goes through tammy, is because they like the new bogging on the house or they're just being used to around. so in the past, the company and so forth was not date. but more and more. we have seen that from lisa. i get them to get back to you, at least this long term and to provide the family not to them kinase and just being there for the space for them to state the basic needs and back them. it's and get her i, i'm it. so how many so, so what chief of the entire means in my context,

in china, in fact my culture normally be, you'll realize that we have to look to get all that people. we have the means to join and stick tendencies. so if you need to retire and you don't have to get somebody issued in your why your bad or this, well, you know, that actually really get to you, you have a coughing, you have a, an offer you have. no, it just doesn't list that sheet that stays in your house, or you can go by and type in their fees. so more and more we are having these scenarios where people, what we can say, i mean, that's a to receive and probably saw what when they need, if they needed. can you provide some examples of countries in africa that are popular along retirees and how retirement life differs in these particular regions, year old, so that this will retire from civil service? my country because international jobs,

maybe from the u. a client in the that international organization. so yeah, that's perfect. so people that with that level of experience and um, with the website and able to take off this job because i have this draw tv and i do to 560 i think is too strong enough to work. because assume that it's not, it was even supposed to work. so there with the prospects for them to get to see the national and saturdays all aspects due to some of that kind of i live on the right area because it is, i'm actually gonna now pension schemes. so yeah, it's possible is doing well actually there are many people that i know we need my front fixed. well next fun coming every, it just keeps dan international. joe's a new toyota and honda international patients team. so it just depends on where you want to go from the way when you're a national level and the how fi um,

once you access to is the international curry and i informed you about, you know, the international patient's team and how you can benefit from that thank you so much. well assigned for all your time today. a retirement is an availability for everyone eventually, but some of the retire in better shape than others. the winners are going to be the ones who are playing properly for their retirement and saved up a decent next day in order to provide them with the same lifestyle that they've become accustomed to. on average, retirement is about 20 years. so there has to be enough saved a way to last and enjoy the latter years. unfortunately, most people wait until it's almost too late. millions of americans are still financially unrepaired for retirement, as nearly 50 percent of women and 40 percent of men between the ages of 55 and 66 have no retirement savings. as the culture has adopted a live for now,

philosophy which can become a burden onto the younger generation. i'm christy. i. thanks for watching and we'll see you right back here next time on the cost of everything. the total is the aggressor today i'm authorizing the additional strong site today. rusher is the country with the most sanctions imposed against it. a number that is constantly growing. but i think the officials list of course thing is just click on anything and we'll see more in the we'll shift for banning all important show russian oil and gas is suffering the price for another country. hope all's well. we're going to be strictly fed service involved. the little joe by and imposing these sanctions on russia has destroyed the

american economy. so there's a boomerang. the the, the headlines are not the international. as the swedish, i busted a, gets the boot from 5 that offer or thought he's, i'm still calling and gave permission for the correct to be fun and outside the iraq, the embassy last night to protest a storm. the swedish embassy in baghdad and torched parts of the come with him on to the swedish government and the government stores back it's against the human rights and the emotions as long as provoking most makes the most police arrest of the main suspect in a mob. a half on 2 women in india have a look at those pictures right. there was locals take revenge, having demonstrations, and dismantled them fun part of a house of

a potential suspect, following national outrage of what's being called, accurately motivated by the pictures there. this is riley military unit, as we understand was it's school thing, worship us through the, the west find a policy open, fire on palestinians. we understand local officials saying one bed and dozens and get people give you the full scoop. during this hours program, the talking 10 pm locally here, and most of it all guests are lined up for a busy hour of discussion here. what else are you international? so your timing is perfect. the kicker. what a rock it says, take a hike to the swedish, i'm busted a in bag that i feel authorities and stuff. i'm committed getting the garage to be burned outside the iraq in demonstration took place earlier with at least one man

seen something on the holy book. earlier a raphael doherty's war and they would set up a diplomatic ties with sweden after a previous done. you probably remember that the crown was recently set on fire in still the rocky government has informed the swedish government through diplomatic channels that any recurrence of the incidents involving the boon and of the holy koran. once we the soil with necessity, 8 civilian diplomatic relations, the politics aside, iraq, these basically took matters into their own hands. last night, crowd stalled and said find the parts of the swedish embassy in baghdad. old in reaction towards the swedish authorities were about certain that happen we demanded the swedish government and the role sheet government strongly swiping back . it's against the human rights and the emotions of the people and as long as it's provocative to mostly the feelings of the most things,

we demand the religious associations. don't this act i don't by today we may answer the swedish embassy following the act of the incident. so one of the past where we change it demonstrates all support for the colorado. we couldn't wait until the morning and we broke into a dog and set fire to the embassy and make god give victory to the believers and stimulated the hypocrites. on one of the few who set fire to the swedish embassy. and this message is sent to the old world. this religion is for everybody, not just for soldiers moving in. early this morning, hundreds of demonstrators storms, the sweetest embassy. they were able to set it on fire. according to some information we received, some of the demonstrators were from, among those for whom insulting a religious belief is unacceptable. and the other part was from the followers of the outside or movement. these demonstrators were able to invade the embassy and set it on fire against the background of this event. the rocky government has taken

strict security measures by deploying security forces around the embassy, according to available information. as a result of this assault, none of the employees of the diplomatic mission was injured. the staff of escalation by the demonstrators who defending the grant share to the slogan, yes, yes, to the grand was it was a response to the permission of the swedish police to hold a burning of the holy qur'an at the rocky. i'm to see in stock, or that's the amount on this occasion, a statement was made by the ministry of foreign affairs of the rock, condemning the attack on the swedish embassy. given that this action is a violation of the convention on the protection of diplomatic missions, the vienna convention 1961 on to phlegmatic relations. the rocky foreign ministry also stressed that the rocky government has ordered the punishment of those in fault in this attack. now, the demonstrators had been pushed out of the embassy area. it should be mentioned

here that according to available information, some of our fellow journalists were attacked by law enforcement forces. because they were covering the storming of the sea, of the indian of our who say they've arrested a suspect and what's being cold, ethnically motivated violence in the east of the country. a video of the answer to the piracy showed a group of men groping to naked women who are being pushed into a field naturally has sent shock waves throughout the country. now, while we will obviously not be showing the video of infraction, and we will however, show you some of these pictures a way for people living, dismantling the suspects house, a group of women day set, fire inside the building as well. they're all obviously demonstrated some protest as suspect was reportedly id from the video as a leader of the mall. but here's what one of the members of that women's group had to say. what the people in the viral video have done is highly contemptible. all mothers and women are against, such as perpetuated on anyone,

irrespective of race and community. the cookies may tease or muslims that the mother is highly condemned, such as to degrade women. the government should impose exemplary punishment. to prevent such acts from happening, garza, i will look at these pictures, roughly 10000 people, right, the coming out and what the mining authorities track down and all those involved in this semester. it is also full to restore peace and ease tensions between old ethnic groups. now, india is capital also saw some of the protest spitting of the members of the opposition congress party took to the streets to condemn the bottom. and so you can see some of the codes they were holding back. some of them saying save none of the are there was some sort of as veronica test, which is felicia, for the prime minister, has come out. speaking against the incident, calling it a, a b, i saw the incident of man a poor which has come to the for a shame for any civilization. the country is shame to appeal to all chief ministers

to strengthen laws to take stringent action against the crime, especially against women. and so they might be from raw just on trying to score or might of poor, the corporate should not go scott free in any corner of the country about 2 months, hundreds displeased. around 150 people killed on the widens is yet to stroll in the state of 14914 was a small state. it was one of the smallest states in the country, and yet it has been boning for 2 months. now this, we deal that a so phased of 2 with rated me could, is i know with your, this would be all was from me cool. um. but nonetheless its fine, surely we do. it has, it has outraged india a deeply, deeply sab indians to see what they've seen. of course, here an aussie reward awards. clean those big chill doors with your stuff. uh simply because the we want to make sure that the identity of those to women

is protected and be the video is extremely, extremely disturbing. now in the off cost is outraged in there is very, very upset with what we've seen. did see all the prominence of, of the come see or school but not the chief uninstalled. the top is port in the computer. so the opposition button, janice is full money for why this is decades old. it's to estimate communities the may be in the cookies school been fighting each other, but the while in sweeney re so faced when a high colton. indeed, all the basic needs recommended the follow for meet the community of the to we should be able to resolve stages. so cookie community golf, agitated off of this was the trigger. but 2 months now have boston to live in, seems to not be in control. hundreds of people in the states have been displaced so

far the army, the seeds come home, sustained to despise, all of them intervening the violent c have really not been able to stop the widens as far as this incident has, is, is consuming the video, which is come to for the one force and has been arrested so far and the government received government money for seems to be to make sure that the ball is done up to, to give justice to the, to women of the rules. so young, replete all of the 2 women who are a field in this video and i went water all over the internet in india. uh the, the use of downgrades as estimate publish them. but now for the department of sort of the country also has broken his silence off to $79.00 or these money for the mean tome and in the, in the fall inventory session and in deals.