Considering Mexico?

Let me help you find the way…

If the prospect of going to another country to get what you need makes you feel a bit uncomfortable …if you feel awkward …maybe even unpatriotic …or just down-right scared, just realize it’s okay.

There are people who have been there, done it, understand what it’s like to be in your shoes, and they’ve paved the way for you to follow and most of them have their arms opened wide to welcome you and help when needed.

Maybe you just want to save money on your prescriptions. It’s not uncommon to pay a quarter of what you would normally pay for prescription medication across the border. If you need new prescription glasses, an optical examination and a pair of glasses cost me $30 about three years ago in Mexico. I’m wearing those glasses right now.

Maybe your interest in Mexico has nothing to do with affordable healthcare. Maybe you’re just looking for an affordable place to take a family vacation once or twice a year. Maybe invest in a property that you vacation in now, and retire to later. That’s good thinking too.

Then, why not combine that vacation with a dental checkup and cleaning – maybe pick up a pair of spare glasses? You have that option available to you, too.

Whether you’re looking for a dream retirement haven, or you need to “fill-in-the-gaps” left by the U.S. and Canadian health care systems, or you’re looking for a financially-intelligent way to treat yourself or your family to a multi-purpose vacation, and you really just like the idea of saving money, you’ll love Mexico.

From the first day the realization comes to you that – hey, I am getting near the age that I can retire, until you make your final decision as to just where you’re going to spend the best years of your life, you need information. Just as in real estate investing, where the most important theme is location, location, location, when deciding on your future home, remember you can never have too much information, information, information. I try to bring a whole lot of that to you right here on my site!

Information brought to you here covers so much that you will need, no matter which area of Mexico you decide to call your home or decide to visit.

Everyone has their own special needs that they want to fulfill during retirement. Yours may be a little hideaway in the mountains, near enough to the border that travel back and forth would be easy, or maybe you’re looking for a distant paradise, with no thought of traveling to the states for a long while.

So, get a file started, filled with the suggestions my Readers and I give you here… and then get your finances in order and plan for the freedom and fun most of us relate to retirement. You’ll feel more secure and find that retirement is not really so scary a place as it once was. Plan for the future – it’s still not to late.malecon, water, rocky point, rocks

“There’s always a better way”, Dick says, and that couldn’t be more true right here, right now.

You will find, as thousands have already discovered, that Mexico can save YOU a lot of money… retired or not!

     

Considering Mexico Article by Barbie.

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16 Responses to Considering Mexico?

  1. Ron Valdock

    March 13, 2012 at 9:04 am

    What is the minimum amount of money you have to have to live in Lake Chappla Mex ?

    I live in Sask. Ca

  2. Barbie

    Barbie

    March 15, 2012 at 9:48 pm

    Hi Ron – That totally depends on how much you’re going to spend – not to be trite, but, you can live on as little as $1000 relatively near Chapala, a month to – well, as much as you want! But, do read the articles I’ve written about it (5 of them – just put Chapala in the search box toward the top) and read all the comments people have written in. You’ll get a real good idea about your question.
    http://moneysavingmexico.com/category/chapala/
    http://moneysavingmexico.com/expats-mexico/locations-prescriptions-and-opinions/
    http://moneysavingmexico.com/page/2/?s=Chapala
    http://moneysavingmexico.com/page/2/?s=lake+chapala&x=20&y=11
    and do read others – they are all filled with info. Best to you, Barbie

  3. James T. Bess

    April 1, 2012 at 6:28 am

    Dear Barbie
    I a intrested in going down to San Luis Potosi this up coming full and would need a apartment in town in potosi ?is there management co. that take care of the housing in the citys? Jim

  4. Barbie

    Barbie

    April 1, 2012 at 2:15 pm

    Hi Jim – I have no contact there, but perhaps go to: http://www.mexicoguru.com/select.php?theid=L205 and email the contact there? Hope this helps…let me know how your search goes. Barbie

  5. Edele A

    May 14, 2012 at 3:34 pm

    I’ve been travelling to Mexico since 1975 and have fallen in love with Puerto Vallarta. I’m single, will be 58 and am more than considering buying a condo in or near the Marina for approx $125,000 – 150,000. What is a realistic per year cost of life in Puerto Vallarta on a modest realistic retirement income. Is it considered safe for a single older woman and where is the largest community of retiree women in P.V. Thanks!

  6. Barbie

    Barbie

    May 18, 2012 at 12:45 pm

    From Wall Street Journal’s Market Watch website, 2012: “nearly 600,000 tourists visited Mexico during the recent Spring Break period. Among them, 382,376 American citizens who, despite travel warnings issued by certain US jurisdictions, enjoyed a vacation in Mexico over the holiday period, a 7.3 percent increase from last year.” But, again, no guarantee. Things are bad in Mexico…they are not improving…yet. As far as cost, you’ll live better than you could in the States. You need a specific amount if you want a visa usually obtained for long term visitor, the gov’t requires approximately $1200 a month of income (s.s., savings, etc.) If you buy a home in Mexico that amount is cut in half approximately. So, a single gal should live very nicely on $1500/mo, or a lot less – depends on your spending habits.

  7. edele a.

    May 18, 2012 at 5:27 pm

    thank u for your response. is there a particular area in p.v. where single older women have settled more than another. i would like to be part of a community. are there books or magazines that could give me a good idea of how i would go about beginning my pv search?

  8. Barbie

    Barbie

    May 18, 2012 at 9:45 pm

    Readers, can you give her some help? Thanks as always, Barbie

  9. gina Schuran-castillo

    February 22, 2013 at 9:21 pm

    HI Barb
    We are almost there in Chapala only 64 days before retirement and we will pack up and leave.
    I still do not know if it’s betterto arrive with our pets and not knowing a place for us or renting long distance.
    How will it feel to be in someones bed handling their dishes and sitting on their furniture?
    My stomach is getting nervous already.
    Kindly Gina

  10. Dianne Davis

    February 23, 2013 at 9:10 am

    Do I really need to have proof of $119,000 in my bank for six months prior to moving to Mexico? I followed a link on your website about new rules about Mexico income requirements and now I’m a bit dismayed. By the time I retire I will have income of $2,500 plus some rental income, but definitely will not have $119,000 sitting in an account.

  11. Barbie

    Barbie

    February 26, 2013 at 8:47 pm

    Hi Gina – Easy – same as when Dick and I stay in a condo or resort – simply a quick wash of the dishes – maybe even just as you use them – wash the bedding if you feel a question about it – you may want to hang the sheets and blankets in the sun to freshen if you have a place, and – Gina, keep your clothes on when you sit on the couch and chairs :) You’ll do fine.

  12. Barbie

    Barbie

    February 26, 2013 at 9:03 pm

    The applicant must prove a monthly income of $1,500.- US Dollars. Then, if you will need another $500 Dollars per month for each member of your family 15 years of age or older. The documents accepted are Bank statements, or official documents stating the applicant receives a pension every month. As far as I know, you don’t have to prove a particular amount in the bank – just that you will have the specific income. Sounds as though you will be fine.

  13. glitterik

    February 27, 2013 at 11:00 am

    Thank you for your response! I am very relieved.

    1. I want to know, is it realistic to think I will be able to drive back and forth between a residence in Mexico to Houston? Is it safe enough (I am single)? An acquaintance drives back and forth with her husband between Ajijic and Houston because they have small pets that come along. I too would like the freedom of driving back and forth between a rental in Mexico and my Houston home, but won’t make the move if I can’t bring my critters. They are all toy-to-small/medium sized and stranger-friendly.
    2. I’ve been researching for years and I would like to live near a large city for the amenities, not the middle of nowhere! However, I like the more “Mexican” places. (BTW, I do speak a smattering of Spanish and am a bit fearless about conversing in Spanish. I am the queen of 3- and 4-word sentences. Sometimes comically so!)

  14. Barbie

    Barbie

    March 11, 2013 at 12:16 pm

    I want to repeat – DO use the roads where there is a fee involved – Quotas. No matter where you plan to drive between, you must take all precautions suggested! Barbie

  15. glitterik

    April 4, 2013 at 4:05 pm

    Regarding income requirements, this is what the Mexican consulate office in Houston wrote me:
    “Retirees and pensioners: Letter financial institution and proof of investments or bank accounts with monthly average balance equivalent to 25,000 days smvdf (122,190.22 USD) during the last 12 months or documents showing that pension has unencumbered monthly income greater than equivalent of 500 days of smvdf (2438.29 USD) during the last 6 months.”
    Does this not mean that one must have a pension income of $2,438.29 USD per month? I will not have anywhere near that much in monthly SS income.

  16. Barbie

    Barbie

    April 7, 2013 at 10:18 pm

    Yes, Mexico has definately tightened the door as far as retirees go.

    For a temporary resident visa – issued with for 180 calendar days with a single entry. You must process the resident card application within the first thirty calendar days after you enter Mexico. (This might be your best bet.)

    For a permanent resident visa – issued to a foreigner who intends to enter the country in order to reside indefinitely – (maybe you).
    And you are pensioned or retired and are able to prove sufficient monthly income to cover their living expenses during their stay in Mexico (this is where a discrepancy may occur).

    Both of these visas must be processed at a Mexican Consulate and you must start the process at a Mexican Consulate office:
    and others….

    When you want permanent residency without working (for compensation):
    If you have a regular source of income from your investments, savings, or pension then a Permanent Resident Visa will probably be the route you will want to take. By law, you need to prove that you have sufficient funds or investments to sustain yourself, (there is also a “points score” which I know nothing about that can get you accepted.) The income levels has been tightened up significantly under the new laws of 2012.

    I wish I had more specific info for you – I’m certainly not an attorney – but perhaps starting at a Consulate is the place to go. They will have all the true specifics you need.
    I think I would sign up on several chatlines for retirees in Mexico too, and see how the situation is being handled now.

    See this for your information: http://consulmex.sre.gob.mx/detroit/index.php/info-english
    briefly: you need a minimum average balance (in the bank, etc.)of $2,300 US dollars per month; or pay roll stubs with a minimum income of $750.00 US dollars per month, employment letter specifying your position and salary during the last six months; or, you can also submit official documents proving the ownership of a real estate property/company/business for the last two years.

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