June 15, 2005: Headlines: COS - Romania: Older Volunteers: Kiplinger's Retirement Planning: Frank and Ximena Huthnance joined the Peace Corps and left for Romania just 30 days after Frank retired. At 67, he now works in administration for Habitat for Humanity in Radauti, a small town near the Ukraine border. Ximena, 63, teaches English at a local high school.
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June 15, 2005: Headlines: COS - Romania: Older Volunteers: Kiplinger's Retirement Planning: Frank and Ximena Huthnance joined the Peace Corps and left for Romania just 30 days after Frank retired. At 67, he now works in administration for Habitat for Humanity in Radauti, a small town near the Ukraine border. Ximena, 63, teaches English at a local high school.
Frank and Ximena Huthnance joined the Peace Corps and left for Romania just 30 days after Frank retired. At 67, he now works in administration for Habitat for Humanity in Radauti, a small town near the Ukraine border. Ximena, 63, teaches English at a local high school.
Frank and Ximena Huthnance joined the Peace Corps and left for Romania just 30 days after Frank retired. At 67, he now works in administration for Habitat for Humanity in Radauti, a small town near the Ukraine border. Ximena, 63, teaches English at a local high school.
Retire to your dream job
By Kimberly Lankford
Kiplinger's Retirement Planning
Fall 2005
[Excerpt]
Time to give back
Caption: The Huthnances, in downtown Romania, savor the culture and low-cost living of their home abroad.
Frank and Ximena Huthnance lived throughout Latin America with their six children during his 36 years as an international banker. When he retired in July 2003, they were ready to see the world through a different perspective.
"We learned how important it is to have mutual understanding among cultures and for people in the developing world to have a goods image of America and Americans," says Frank. "We have been very fortunate during out 39 years of marriage and wanted to give something back and help others."
The couple joined the Peace Corps and left for Romania just 30 days after Frank retired. At 67, he now works in administration for Habitat for Humanity in Radauti, a small town near the Ukraine border. Ximena, 63, teaches English at a local high school.
In the year before their big career change, the couple prepared financially by paying off all their debt except their mortgage. They now rent out their house to cover those payments. The change ahs also helped them conserve their retirement savings. "As Peace Corps volunteers, we are expected to live in a modest manner similar to those whom we serve," he says. "The average wage here is $150 a month."
The Peace Corps pays the rent on their small apartment and gives them a stipend for daily expenses. "Our only expenses are food, electricity, water and heat. All of my social security income goes into a savings account in the U.S. We draw on that only for vacation trips. In the meantime, my 401(k) and other investments continue intact." And the Peace Corps provides medical coverage while on assignment. "That makes a tremendous difference," says Frank, especially since Ximena is too young to qualify for Medicare in the U.S. "Health insurance for her alone would have cost $750 a month."
The Huthnances will finish their two years of service in June, and Frank has another full-time job lined up for September. He'll be a management mentor for a nonprofit organization back home in the U.S. Ximena hopes to do volunteer work with children.
"The Peace Corps experience definitely expands employment opportunities for returning volunteers of all ages," he says. "Our service has been a revitalizing experience for us and made us realize that we don't want to stop working - ever!"
His advice to others: "The application process is long, especially for older candidates who have to go through innumerable medical tests and exams, so start the process a year in advance."
When this story was posted in June 2005, this was on the front page of PCOL:




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Story Source: Kiplinger's Retirement Planning
This story has been posted in the following forums: : Headlines; COS - Romania; Older Volunteers
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