<prompt> Human: Hi all,Is it a terrible idea for one to consider this option when nearing retirement ? If I had 800k in my IRA from saving all these years, would it be wise to move over to Thailand or Mexico, or some other low cost of living country, and live like a king? How flawed is my judgement here?  <response>: Living like a king in a third world or even a second world country is not comparable to living like a king in the West. It can actually cost you more money to live a comparable life style in Thailand or Mexico if you expect to port your American expectations.My observation is this: In poorer countries, the basic necessities are usually less expensive. You could do very well on your savings living as a middle class Mexican. However, if you expect to eat a typical American diet, buy typical American clothes, drive like a typical American, fill your house full of conveniences like electronics, you will end up spending considerably more.So make sure your expectations meet reality before making a decision. 