Preparations for Retirement
Hopefully I’ve gotten you started toward the process of getting all your finances in order, which is great to do whether you are looking at retirement in 20 days or 20 years, as well as many other important segments of your life.
The day will come when you realize the old paycheck is going to no longer come to you a couple of times a month. From now on, it’s going to be what you’ve managed to save, perhaps a pension (and fewer of those are becoming a reality nowadays) and Social Security. So… set up a savings plan and stick to it.
Even if you find living in Mexico is not your cup of tea just yet, you should by now, be confident enough to know you can cross the border and save so much money on prescriptions, dental needs, and other medical needs, that you might find yourself feeling a consuming urge to take advantage of the situation and head south of the border, to experience it for yourself. And in doing so, guess what …you will be saving money! Put it into that special savings account and let it grow! You’ll be one step closer to a satisfying and enjoyable retirement!
Next, you’re going to need to have trust in the process that the Mexican government has set up in order for foreigners to take possession of property in Mexico. It does work. But, make sure you have competent, efficient realtor / contractor in order to make sure every t is crossed and every I is dotted. There are absolutely no shortcuts nor easy way around it. You must do as the Mexican law stipulates. But, with that competent agent, you will be able to relax and be assured that everything will go smoothly, from the first day you arrive in Mexico to do your “shopping” for the perfect lot to put your dream house on, to the day when you proudly walk through the front door to a beautifully completed home.
Just as in my original book, Retire In Luxury, I have tried to cover information that you will need, no matter which area of Mexico you decide to call your home. Everyone has their own special needs that 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. Maybe your desire is like ours was, excellent medical care, and something near the water – and easy access (airport) to get to the states when we need or want. An area where we could choose either to live in close company to other North American retirees or choose to be absorbed into the Mexican culture and peoples.
My retirement has become, in a big part, a seven-days-a-week dedication to helping others to see the pros and cons of moving to a foreign country, and then, hopefully helping them to be prepared so there are not too many surprises that confront and confound them during the years when they should just be able to enjoy and relax, due to the preparations they have taken.
Preparation Article by Barbie
I added this in 2012: For at home safety, in the States, Dick and I both have a little unit we wear around our neck, that if you push the button, you are connected immediately to 911 and can ask for help right then! It includes a little unit that plugs into your phone system, and that’s all you need – click here:
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
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Barbie Parks is the publisher and editor of MoneySavingMexico.com. She is the author of Retire In Luxury: How To Retire Abroad And Live Better on Less and her latest book, Money Saving Mexico: How To Save Money On Everything South of the Border.