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How to Find Low-Cost LGBT Retirement Cities

Low-Cost LGBT Retirement Cities

Where can a queer person live in retirement that’s affordable and unabashedly LGBTQ-friendly? We received an email with a question very similar to this from a listener. Were here to help with these types of Queer Money questions! For help specifically with paying off credit card debt, get the free 7-Step Credit Card Debt Slasher.

Are there lower-cost LGBT retirement cities?

Most gay-friendly cities in the US are expensive and will quickly eat up your retirement dollars, but there are places beyond our borders where you can spread your savings further and feel comfortable, safe and welcome.

Jim and Luis are a gay couple who retired early and spent the last two years living mostly outside the US in Portugal, Mexico and Spain. On this episode of Queer Money, Jim and Luis join us to share their slow travel experiences, explaining how they decide where to go and what differentiates their nomadic lifestyle from being on vacation. Jim and Luis discuss the preparations they made to retire early, offering insight on why they got rid of all their debt before they quit their jobs and how they build a monthly budget around their real estate investment income.

Listen in for Jim and Luis’ advice on avoiding the peer pressure to overspend and learn how to create a plan to gain financial independence and retire somewhere that’s both LGBTQ-friendly and fits your budget!

Listen to Jim & Luis’ story and advice on LGBT Retirement cities

Topics Covered

  • Why Americans in general and the gay community specifically overspends
  • How Jim & Luis describe themselves as Financial Independence/Retire Investors
  • Why Jim & Luis got rid of ALL their debt before they quit their jobs
  • How Jim & Luis build a monthly budget around their real estate investment income
  • Jim & Luis’ experience living in Portugal, Spain and Mexico during the pandemic
  • Making a mindset shift away from acquiring stuff to acquiring time
  • How cost of living and gay friendliness help Jim & Luis decide where to live
  • The benefits of Portugal’s Golden Visa program and how it works
  • Why it’s better to be nomadic than to become a tax resident in Western Europe
  • Jim & Luis’ experience with using their worldwide healthcare policy
  • What differentiates a nomadic lifestyle or slow travel from being on vacation
  • How to avoid lifestyle creep and say NO to the peer pressure to spend


Resources from this episode:


Previous 3 Podcast Episodes


We’re David and John Auten-Schneider, the Debt Free Guys ( and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.

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