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If there really were plenty of serious, committed people doing that, but washing out because they just can't stop massively overspending when they get to Namibi

If there really were plenty of serious, committed people doing that, but washing out because they just can't stop massively overspending when they get to Namibia etc, why don't they just buy an annuity? (How annuities work, roughly: Say you have $100,000 in that nest egg. I'm sure you could find some financial firm willing to take it off your hands today and give you $4,000 per year for 50 years, and maybe even in perpetuity. That's because $100k sitting around in their index funds will likely have ballooned to $1m+ over that timeframe, whereas the payout to you would be a mere $200k.) The fact such annuities aren't very common suggests your phantom population isn't either.

lukan 3y ago
"The fact such annuities aren't very common suggests your phantom population isn't either." Well, just travel a bit through south east asia then and you will meet quite some (white) folks living there, but not working. "I'm sure you could find some financial firm willing to take it off your hands today and give you $4,000 per year for 50 years" I surely could find such a company, but not sure if I could find one I would trust(not that I am rich anyway). And africa can be quite unsafe for rich people, too. Also, like I said: the main issue those people have, who want to retire in poor countries is, that wealth goes away quite fast. Even when you don't want to buy a house and have a family which most people want at some point etc. and which is something that is expensive as a westener in those countries, too. But for some time, you can live like a king there, sure.