Hello everyone,
I need some help so I can understand how I can see myself retired.
I am a 22yo french citizen with no debt, 6k€ in savings and about to achieve graduation.
I am generaly a huge money saver, and even with low incomes I can manage to save up some money every now and then (100€ per month on average I would say)
Problem is that once I will be done with graduation, I will be working on foreign countries under local contracts where I will be really poorly paid, even if it will be enough to live in this country.
As an example, if I go and work in let's say Hungary, where minimum wage is about 350€ per month, I could expect a 800€ per month wage.
During all this time not spent working in my native country (France), I won't be paying taxes over there so I won't be eligible for retirement in the future.
I know there are lots of American people on this sub, but I could still use your help, I would like to know how american's retirement exactly works, wages in American seem so huge even compared to France's wages, but I still don't understand how it is possible to acumulate enough wealth just by working and saving, and then living on your savings for let's say 15 years. What happens once you spent everything ?
Also if there are europeans citizens in my situation that could help me understand how you can retire without laying on the government... I'm pretty lost.
Note : I'm sorry for my bad english, I'm still trying to improve
Submitted July 22, 2018 at 06:22PM by Altales https://ift.tt/2A2oZxY
