My brother has retired in Huizhou from HK. I am a bit worried about the food safety standard in China. I do not like to live in a heavy censored fire walled environment surrounded by CCTV. I have zero confidence in the Chinese medical care system. Everythng in China can be a death trap, air, food, the anger of the unemployed, very little regulation of everything like building standard.. public transport....etc China will be the bottom of my list of retirement. NO Thank.
It might not be a good option when you own your home n pay no rent. I have a senior gold Opal card in Sydney. I am paying AUD 2.5 a day all you can ride in all public transport. I have medical condition which requires me to attend public hospital regularly. At my Age of 60s, moving to other country might be a bit too much for old man like me. I rarely eat out n Cook at home 99.9 % of times. I get 5 % discount in Woolworths supermarket with my senior card. I am planning to retire soon n basically living on my private superannuation n pension. I am not eligible for aged pension. I think I am okay as I put my pension in the investment fund which gives me regular income as Long as you stay clear from the risky Market like China n HK.
@erictang47982 ай бұрын
@@angelasummers5750 It is a Balanced option of the superfund. But my financial planner picked the investment portfolio in this superfund for me with my instruction. Do not touch a cent of sunset market of China, HK but emphasize on US and emerging markets like India, Vietnam and maybe Mexico and SE Asia. The yield is pretty good so far. Since it is a pension fund, I am paying aud 0 tax for each dollar I made there. You can google it for detail.
@antonyzhou66022 ай бұрын
But it's depressive living in Australia, especially after retirement.