A lower cost of living, and a sense of adventure, are leading more and more Americans to retire overseas. Correspondent Seth Doane talks with ex-pats who now live fulltime on the Mediterranean island of Gozo, part of the Maltese archipelago; and with Jennifer Stevens, executive editor of International Living, which offers advice and seminars for those considering living or retiring abroad.
Nik and Adinah Johnson, who retired in their forties, are part of FIRE (Financial Independence, Retire Early), a movement that looks at work as a means to an end, and where frugality buys freedom from the rat race.
Nik and Adinah Johnson retired in their forties to spend time with their kids, play golf and produce podcasts … and they're not alone. They're part of a movement that looks at work a little differently – as a means to an end. It's called FIRE (Financial Independence, Retire Early). They explain to correspondent Luke Burbank how frugality enabled them to quit the rat race (and can help you do so, too). But it might mean changing your relationship with money, Vicki Robin (co-author of "Your Money or Your Life") tells Burbank.
