What We Wish We Knew Before Retirement | Moving To Portugal |

[@ItllBeFun]

Bom dia! New and Improved! Join our Patreon community! Click the link www.patreon.com/itllbefun As always we would like to thank you for watching and for being our subscribers. Each and every one of you mean the world to us! And if you are not already, we invite you to subscribe and become part of our KZbin community. We would love for you to join us on our journey! Enjoy your journey, Alan and Leslie

[@indialee5253]

Love your content. it is very detailed and educational for understanding how to retire the right way. Also thanks for providing those gorgeous scenic driving shots of the island.

[@ItllBeFun]

Olá india lee, Thanks for supporting and watching our channel. Keep watching Lots more to come. Obrigado Alan and Leslie

[@cookmaster3626]

So Happy to see you driving your Bug and enjoying and sharing the beautiful scenic ride with us. The points you made are absolutely right and once understood and endorsed life in any new place will be a Very Happy One.

[@ItllBeFun]

Olá Cook Master, Thanks for the continued support for our channel. Yep, time for lots of road trips! Enjoy your journey Obrigado Alan and Leslie

[@SunnyIlha]

Wow you guys really are a great couple. You study things together, examining and choosing, financially, Life and Living in Senior Times. And knowing what you will do the whole rest of Lifetime together. What a truly wonderful place chosen, too. This is a great post. So much to learn from your offering to viewers, sharing information. Thanks.

[@ItllBeFun]

Olá Sunny Island, Thanks for supporting and watching our channel. We appreciate the kind words you shared. Lots of good things to come. Enjoy your journey Obrigado Alan and Leslie

[@SunnyIlha]

@@ItllBeFun Muito Obrigado 🙏

[@strawberries1411]

Thanks for the amazing scenery.. we have been in Madeira a few years back, made some tours crisscrossing the island and memories came flooding in following your road trip. Thanks for sharing these useful tips. shared it with my hubby so we can going through these things again....and yes with the spreadsheets I keep since he has non😅

[@ItllBeFun]

Olá strawberries1411, Thanks for supporting and watching our channel. Yes, it truly is beautiful here. Keep watching...more to come. Enjoy your journey Obrigado Alan and Leslie

[@nomadjim]

Bom Dia, Alan and Leslie! Was great to meet you for a drink last week when I was in Madeira. Loved this video. Thank you for talking about the steps you took before retirement/moving. Very informative. The central part of the island is beautiful. I'll have to visit that area next time I'm there. Cheers!

[@ItllBeFun]

Bom dia, Jim Thanks for supporting and watching our channel. When you get back to the beautiful island of Madeira, look us up. Enjoy your journey Obrigado Alan and Leslie

[@juliejordan3090]

I have this thought that I would declutter a lot, throw everything else in storage and try a 5 year plan, renting out my current home. Then if it felt right to permanently settle abroad, the detachment from belongings would be simpler. Also the security of having an easy/familiar return if needed. All musings for now but fun to think about ✅

[@ItllBeFun]

Olá Julie, Thanks for watching and supporting our channel 😀 Thats one way to do it. We contemplated something like that, but decided against it. Getting rid of everything has the benefit of helping you to focus on your new journey, without the headaches and extra expenses. Good luck with your journey. Obrigado Alan and Leslie

[@juliejordan3090]

Thank you !

[@rickmartin5132]

Enjoyed your video, thanks. Madeira is a gem of a place to live, which after 53yrs living here as an expat Brit I can attest to, we had an amazing community of American friends here 70's through 80's a talented and creative group...still miss them, so glad to see more Americans settling here. ( I built a holiday home with my father here in 1969 married in 72 at 19, honeymooned and stayed, retired here ever since! I dearly love the island and its people that have kept me safe and happy all these years, my son was brought up here (35 now) he also loves the Island. Need any advice, just ask, I am an artist and Botanist.

[@ItllBeFun]

Olá Rick, Thanks for supporting and watching our channel. Yes, we love the island very much. Perhaps we will see you sometime soon. Have a great day Obrigado Alan and Leslie

[@royrcf]

Very interesting, it is a stressful time and planning and preparation are everything.

[@ItllBeFun]

Olá Rory, Thanks for supporting and watching our channel. Yes, planning is key. Enjoy your journey Obrigado Alan and Leslie

[@BrockMcLellan]

Thanks Alan and Leslie! How is it going learning Portuguese? The reason I ask is that when we moved to Norway, 40+ years ago, and at the age of about 30, learning Norwegian was so exhausting. The worst period lasted about six months, from about six months after our arrival until about a year after our arrival. We thought we understood things better than we did, and there were numerous misunderstandings. Currently, we use Duolingo on a daily basis, to learn assorted languages, and even used it to learn some Portuguese before we visited Madeira in 2017. My better half probably spends an hour a day on languages. I put in about 15 minutes. In part, this is done to keep our brains active. For the same reason, I also spend some time working with sudoku on a daily basis.

[@ItllBeFun]

Olá Brock, Thanks for supporting and watching our channel. Our Portuguese lessons are going slowly right now. We need to step it up a notch. We keep working at it, though. Enjoy your journey Obrigado Alan and Leslie

[@bhartinarayan]

Nicely captured and edited my best wishes

[@ItllBeFun]

Olá Bharti Negi, Thanks for supporting and watching our channel. We love this Island's Beauty. Have a great day Obrigado Alan and Leslie

[@johnedgar5397]

Hahahaha, I guess that stop sign on the left hand turn was just a suggestion!🤣

[@ItllBeFun]

Olá John, Thanks for watching and supporting our channel 😀. Yeah, I kinda blew that! I'll use the defense nobody was around. I know, pretty lame. I'll watch out from now on. Obrigado Alan

[@johnedgar5397]

@@ItllBeFun I have no doubt I would have done the same thing!

[@jennybertenshaw7694]

Love your video's Alan and I am sure they will be of great help for fellow Americans making what is a huge move abroad into a totally different world.. As a Brit it wasn't so massive for us .. (and we had made it at age 36 by first moving to the Netherlands for our work.) Our retirement move to the Algarve was therefor not so stressful, we knew the requirements of another EU country The big thing for both moves was the language . You definitely needed Dutch in NL.. but not so much Portuguese in the Algarve as Portugal ,and especially the Algarve has such close ties with the UK..English is spoken everywhere .However it is very important to do what you're doing and make the effort to learn the language . We loved Madeira on our last visit.. enjoy this chance of a second life

[@ItllBeFun]

Olá Jenny, Thanks for supporting and watching our channel. We continue to learn about the culture and the language of Madeira. Never stop learning. Enjoy your journey Obrigado Alan and Leslie

[@desertdweller8520]

I have been planning my move for 18 months. I agree, sometimes it all feel so daunting and stressful but I know it will be worth it. I have moments where I think "what are you doing?" But then, I have the easy answers that keep me going. I am sure you had your fears as well. I don't have to get rid of too much but it still seems like a project. I have sacrificed a lot to get to this point but I wouldn't have it any other way. I look forward to making new friends and having new adventures. By the way, I am also 66 years old.

[@ItllBeFun]

Olá DesertDweller, Thanks for the continued support. Yes, it sounds like you are taking the time to prepare yourself for the next step. Enjoy your journey Obrigado Alan and Leslie

[@desertdweller8520]

@@ItllBeFun A lot of people like me are enjoying your videos. Someone I met this week who is considering a move there brought your channel up in the conversation. Big world but a small one too 🙃

[@calfraiseking]

Retirement is still some time off for us...love the content though! Thanks both ☺️

[@ItllBeFun]

Olá James, Thanks for the continued support. Yes, time off to be spent wisely while having fun. Enjoy your journey Obrigado Alan and Leslie

[@spencert5588]

Hi Alan, another great video. Wonderful views and information. Be good to know what area of Funchal you live in and if you were starting afresh, with the things you know now, would you still choose that area? Thanks again for all the info. Spencer (from slightly sunny England)

[@ItllBeFun]

Olá Spencer T, Thanks for supporting and watching our channel. We located a long term lease in the Forum area. And have been very happy. Very walkable, and close to lots of things. Enjoy your journey Obrigado Alan and Leslie

[@luisrivas3509]

Awesome video Alan. Hope you and your family are doing well. Relocating to Madeira in September. Would love to get together for a coffee or poncha. Stay safe and God bless.

[@ItllBeFun]

Olá Luis Rivas, Thanks for supporting and watching our channel. Congratulations on your new journey. Send word when you arrive. Obrigado Alan and Leslie

[@pennywatson2242]

What about your Pup, Greer, how did you get her to Portugal?

[@ItllBeFun]

Olá Penny, Thanks for watching and supporting our channel. She flew with us. We have a pet video that talks about how. Obrigado Alan and Leslie

[@simonkeane]

What was the cafe you visited at 5:12?

[@ItllBeFun]

Olá Simon Keane, Thanks for supporting and watching our channel. That place was Restaurante Vale Freiras. As you can tell, it has an awesome view. And the Chesnuts were great. Have a wonderful day Obrigado Alan and Leslie

[@simonkeane]

@@ItllBeFun Amazing, thank you!

[@bhartinarayan]

Beautiful place 🙏

[@ItllBeFun]

Olá Bharti Negi, Thanks for the continued support. Keep watching... More to come. Enjoy your journey Obrigado Alan and Leslie

[@Ingrid_EverydayFilmmaker]

Since you are retired as I am, (I've only seen younger folks commenting on living in Portugal), maybe you can explain the IRA and Roth IRA withdrawals. I am told that Portugal WILL tax US IRA and US Roth IRA withdrawals - on the capital gains. But these capital gains were not earned from Portugal, so I don't understand why they are taking taxes from it. I understand the whole double taxation thing the US does when expats move to a foreign country, but I don't understand why Portugal is taxing my US accounts that had nothing to do with them. I am not earning any money in Portugal and living off my own savings. My capital gains come from global stocks and investments- nothing from Portugal. As long as I pay my fair share for healthcare, etc, why would they be involved in my US accounts? This is my hesitation about moving there.

[@ItllBeFun]

Ola Abrams, Thanks for watching and supporting our channel. From a legal perspective we cannot advise you. Please contact your tax professional in the US regarding international tax filings. We use Bright Tax for USA taxes and a local accountant in Madeira for our Portugal taxes. Hope this helps Have a wonderful day Leslie

[@admindesk2760]

***I have a question, please*** First I want to say thank you! Thank you for sharing. We're getting so much out of this, I hope it's worthwhile on your end as well. Now as for my question, these steps you took were no easy tasks. And so I'm wondering why Madeira and why Portugal? I can think of plenty of good reasons, but were there other contenders in your global search? Like, for instance, the other top 3 or top 5 contenders? It's such a big step, I'd rather leave no stone unturned than to realize afterwards there could have been a better fit. So if you don't mind sharing, since we like your way of handling things, what were your other top countries for consideration? Thanks and all the best!

[@josepheiras3930]

How did u get your citizenship to allow to stay/retire there?

[@ItllBeFun]

Olá Admin Desk, Thanks for the continued support. You should watch our video titled "Top 10 reasons we moved to Portugal". Have a great day Obrigado Alan and Leslie

[@gaileickhoff116]

I am 45 years old with very little set aside for retirement at this point. I have always been curious about the stock market and have witnessed some people who played the game right and retired early because they used the stock market. When I ask them, most said that they invested very little to start with, but their portfolio grew. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

[@gaileickhoff116]

@shagua Xiao This sounds like a great idea, but never knew how to go about it, Have you seek professional assistance before? what is the experience like

[@gaileickhoff116]

@shagua Xiao Thanks for sharing, just looked up the broker you mentioned on google and I'm super impressed with her credentials. I will be writing her an email shortly

[@ItllBeFun]

Ola Gail, Thanks for watching and supporting our channel. We can't give financial advice but you should read up on people such as Warren Buffet, Peter Lynch and speak with an accredited financial advisor. There is more than one way to skin a cat. It is important that you do your homework. Enjoy your journey Alan and Leslie

[@desertdweller8520]

Ditto about talking to a financial planner. Make sure he/she is something called a fiduciary. A fiduciary is someone who is legally required to represent your interests and not the investment companies that give them bonuses for what they sell. Also, this year is a bit tricky so do try to understand the current conditions for investing.

[@seinfeldcostanza9433]

@@ItllBeFun just subscribed! Great and very informative video! We visited Madeira 2 years ago and we loved the place too. We are planning to follow your route. How much should you have saved etc to make the move so you can sustain your move long term.

[@Nulife23]

E cell entertainment information! Are you going to purchase a piece of property.? Or is it cheaper to just rent? Our country USA, is going downhill fast. If things go bad can you still get ss?

[@ItllBeFun]

Olá Jeanne Cronce, Thanks for supporting and watching our channel. We decided to rent for a year before buying a property. And hopefully SS will be there for us. Enjoy your journey Obrigado Alan and Leslie

[@amirfardin13]

Have you visited the island before moving there? if yes how many times? Good videos. Thanks

[@ItllBeFun]

Olá amirfardin13, Thanks for supporting and watching our channel. We have 5 weeks here prior to moving here last year. That did it for us. Enjoy your journey Obrigado Alan and Leslie

[@youtischia]

Lovely video. But the title is wrong. Should be "What we wish we HAD known...". Very common error on youtube.

[@ItllBeFun]

Olá youtischia, Thanks for watching and supporting our channel. Obrigado Alan and Leslie

[@josepheiras3930]

How did u get your citizenship to allow to stay/retire there?

[@ItllBeFun]

Olá Joseph, Thanks for supporting and watching our channel. We went the d7 visa route. Have a great day Obrigado Alan and Leslie

[@josepheiras3930]

Alan, thanks for the information,, I hope ur enjoying the island, My family has been living in the island for centuries(5+). Its a special place.. Matter of fact, my Mom is currently visiting/staying in Ribeira Brava. Im. Planning on going to visit sometime next year..

[@josepheiras3930]

Hope we can cross path

[@realitycheck1261]

Is there a maximum age your child can be for re unification? We are trying to escape Florida.

[@ItllBeFun]

Ola Reality, Thanks for watching and supporting our channel. They must be in school and I think under 26. Please double check my numbers to be safe. Have a wonderful day Leslie and Alan

[@freeriderhappy]

Are you planning to buy a house/apartment or continue renting instead of buying?

[@ItllBeFun]

Boa tarde Tetyana, Thanks for watching and supporting our channel. We are currently renting and ready to buy. As we move forward on our journey we will make videos. Enjoy your journey Alan and Leslie

[@mariusgrobler4235]

I love your Beetle...did you buy it in Madeira or take it along from the US?

[@ItllBeFun]

Olá Marius, Thanks for supporting and watching our channel. You should watch our video, " Cost of importing a car ". Have a great day Obrigado Alan and Leslie

[@stephaniek8141]

Is your son retired as well?

[@ItllBeFun]

Ola Stephanie Thanks for watching and supporting our channel. No our son is in school and works online. Have a wonderful day Alan and Leslie

[@stephaniek8141]

What a gift, I wish you many blessings.

[@Alfablue227]

Lovely video Alan. I also continue to kick myself over having waited 42 precious years of my life before finally deciding to come back to my very special Portugal. It is not easy, but it is worth it. Best decision ever, and to compensate, now that Covid is a bit more under control, it's time to truly enjoy our last years in such beauty, peace and tranquility. Cheers, fm Santarém, mainland🍻🍷🦞🍤🌰🥂♥️🇵🇹

[@ItllBeFun]

Olá M Silva Thanks for supporting and watching our channel. Time to enjoy the good life. Obrigado Alan and Leslie