Retirement in Mexico

 
retirement in mexico

You can Retire In Paradise On A Budget

Retirement is looming large! What’s the best way to approach it? Obviously, the basics must be dealt with – finances, healthcare, and “what do I do with all that time.”

Presumably, you’ve got things you’d like to do with your new abundance of time – spend it with the grandkids, travel and see some of the places that you haven’t gotten to yet, learn a new __________ (fill in the blank: language, skill, sport, craft, culture . . .), devote more time to your hobby, share your skills and experience, or perhaps, you’d just like to “veg” for a bit before getting serious about retirement.

Get The Expat Guide To Retiring in Mexico


The foremost concern has to be your financial situation. Although, many people have had a retirement plan in place for years, in the past decade the foibles of the economy and the all-too-human plan managers have diminished, if not totally decimated, too many of those plans. Don’t let the recent economic upheaval ruin your retirement. There are options available.

Whatever your personal situation is, developing a concrete plan is essential, our guide is a great foundation for your plan. If you’re reading this, then retirement in Mexico has crossed your mind. Living in Mexico, as we do, is a viable option especially in the circumstance of diminished resources because living in Mexico is much cheaper than living in the US or Canada!

If you haven’t done it yet, check out our budgeting tools, the Cost of Living Chart and the two interactive budget forms, the Estimate Budget Form and the Budget Planner Form on the Budget Forms page. But, bear in mind that the budgeting process using our forms does not include insurance protection of any kind, nor does it include any regular monthly payments (credit card, auto loan, mortgage), so you will have to factor them into your personalized budget using our “beginning” budget as a starting point.

Obviously, healthcare, car, and home (or renter’s) insurance is very important. If you’d like information specific to your situation, you can check with our friends at www.AmericanInsuranceforExpats.com, who specialize in all kinds of insurance for expats, to see what kind of coverage you can get and for how much. Maybe, you’d like a passive approach to making some additional money. Try the tools on the Wall Street Journal’s Market Watch website, http://www.marketwatch.com/investing/research-tools, or Nasdaq’s free market tools, http://www.nasdaq.com/investing/tools.aspx. They’re free and all you have to add is your decision-making.

Tool around our website. We’ve got information and advice on retiring to Mexico. We’re looking forward to seeing you soon.
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