Is Mexico Still The Place To Retire?
In both 2008, 2009, Mexico placed #1 for retirement, by International Living.
The next four high rankings for retirement are Ecuador, Panama, Uruguay and Italy. And the listings don’t change much. See the 2012 list at http://internationalliving.com/2011/12/the-scores-and-how-our-2012-retirement-index-works/ Just about the biggest plus to me, for the selection of Mexico for retirement, above the others, is the proximity to the United States. Even at most distant locations, you can usually drive rather than needing to get an expensive airplane to get back and forth to see family and friends in the States. Though, those friends and family are probably going to be the ones who do the traveling to visit the lucky person living in Mexico. And, while driving may take time, we’re enjoying our retirement, aren’t we? No more meetings scheduled for us – so just enjoy the trip.
High-speed internet, cable and satellite tv, and options like Magic Jack for phone, are all available so you’ll still have all the conveniences you are used to and expect in retirement, or relocation.
In Mexico, during the first 6 months that you hold an FM2 or FM3 Visas, you can import your used (not new) household items with no import taxes. Read More.
Talking about retirement ratings, there’s sort of a funny ranking that is “Living in a Corona commercial”, by Money magazine, that lists #1, On a boat, #2, In Greenville, SC, and #3 in Mazatlan, Mexico!
Right now, because of the financial crisis (maybe that’s a little strong for some of you – how about “problems”) in the states, property prices in Mexico have also dropped. There are fewer folks looking for real estate right now in Mexico, especially in retirement, so if you have a real “horse trader” mentality and capability, you may find some real deals.
Mexico, long ago, realized the importance of North American’s and others in their retirement moving to Mexico – even on strict budgets, they have so much more than the average Mexican has. Remember, the average wage in Mexico is still $5 a day. Mexico has made it easy for retirees to get their various permits, visas, and – as I said in another article – there’s even a senior discount card! Love that :)
So what do you think about Mexico as a retirement destination? Let me know what you think. If you don’t see the comment box below, follow this link to get the full article on retirement and at the bottom you’ll find a space to submit your comments or questions.
Addition Feb 3, 2013 – the amount you need to move to Mexico has changed – see – http://consulmex.sre.gob.mx/detroit/index.php/info-english