I’m 83 and will have $500K if I sell my house. My estranged wife wants me to join her in Colombia. Do I go?

Core Insights - The individual is considering relocating to Colombia to live with their wife, citing minimal expenses there and a significant amount of savings and home equity [1][3]. Financial Considerations - Current monthly income is $3,800, with a mortgage payment of $984, leaving approximately $500 for discretionary spending [1]. - The individual has $220,000 in savings and nearly $300,000 in home equity if the house is sold [1]. - The potential financial benefit of relocating includes reduced living expenses in Colombia [1]. Lifestyle and Independence - Relocating may impact the individual's sense of independence, which is valued at approximately $500,000 [3]. - The decision to move is not solely financial but also involves lifestyle changes that could affect well-being and social connections [3]. Social Security and Retirement Trends - There is a growing trend of retirees moving overseas due to high living costs in the U.S., with over 760,000 Americans receiving Social Security benefits abroad in the previous year, up from about 430,000 in 2019 [4]. Health and Insurance Concerns - Medicare does not provide coverage in Colombia, raising concerns about medical insurance and healthcare access if health issues arise [4]. - The individual should consider the implications of potentially needing to return to the U.S. for medical care and the associated living arrangements [4].