Retire In Mexico

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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, 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.

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Mexico Retirement Guide


Articles on Mexico retirement
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Click This link to listen to the interview now! Also, you can click here to download from iTunes to your device! Get the story from the man himself! Our founder, Ron Burdine was recently featured on the podcast “Choose to Retire in Mexico” with George Puckett. Choose to Retire in Mexico is a podcast that […]

In Mexico, there is no legal requirement to have a will which is why many Americans and Canadians waffle over creating one.  However, just like it is north of the border, the main reason you should create a will is to protect a surviving spouse or heir.  Mexican laws governing transfer of property is different […]

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An annuity serves as guaranteed income for those who want to supplement their retirement fund while living abroad.  The advantage to an annuity is it’s guaranteed monthly income.  The disadvantage is that you will not have access to your investment in the form of “one lump sum” without penalties.  However, if the idea of having a guaranteed […]

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FOR IMMEDIATE RELEASE October 1, 2013 Mexico on My Mind (MoMM), the Expatriate resource website for moving to and living in Mexico has just published the “Mexico Relocation Guide 2013-14”.  The popular guide 2012-13 edition was downloaded over 3000 times during the last year by people looking for relocation information on Mexico and expats living […]

The main banks in Mexico are Scotiabank, HSBC,  BBVA Bancomer, Santander and Citigroup.  In general, there are three main types of accounts you can open: Peso Checking Account: Allows you to manage your money in Mexican pesos and earn an interest income.  The minimum balance to open a peso account ranges from $500 to $1000 pesos […]

Who Is Considered An Expat? Calling yourself an expat does not necessarily mean you renounce or reject your home country.   An expatriate is any person living in a different country from where they were born as a citizen.   Recently, the term “expat” is often used in the context of professionals working abroad such […]

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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Before you decide you want to buy property in Mexico, we strongly suggest you try renting in your destination of choice and you may want to try a few different areas before you decide where to settle down. Renting a place first is always a good idea. What you are expecting and the reality of life […]