Retire In Mexico

Important Things to Consider When Retiring 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.

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.


Mexico Insurance
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. You absolutely can live in Mexico and maintain a higher standard of living for much less than in the US or Canada.  It all depends on what you want!

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, or Nasdaq’s free market tools. They’re free and all you have to add is your decision-making.

Grab Our Free Retirement Guide

 

Articles on Mexico retirement
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When Medicare was originally drafted,  international travel was not as prevalent as it is today, and was not drafted into the plan. Today, many more seniors travel internationally, and limited coverage has been drafted into the Medigap policies of C,D,E,F,G,H,I and J.   Medicare supplement plans include a specific benefit for Emergency Foreign Travel.  However, […]

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