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Home Coronavirus

7 Very Good Reasons Why You Should Consider Retirement In Mexico

More Retirees Are Choosing This Paradise Than Any Other On Earth

Kathleen Peddicord by Kathleen Peddicord
Mar 09, 2022
in Coronavirus, Lifestyle, Mexico, Retirement/Living
0 0
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Tulum ruins and palm trees

Adobe Stock/jkraft5

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Over the past four decades, Americans have voted Mexico the world’s #1 place for retirement or live in the way that really counts…

They’ve packed up and moved there.

This country is home to more American expats and retirees than any other, at least 1 million and as many as 2 million, depending on the survey.

This shouldn’t surprise anyone. It’s easier for an American to get to Mexico than to any other country other than Canada.

Why do Americans choose to go south of the Rio Grande rather than to the Great White North?

The weather!

Americans looking to start a new life in a new country primarily seek three things: warm weather, beautiful beaches, and a low cost of living. Mexico competes handily in all three categories.

This big, diverse country offers dozens of great living options, from colorful and historic colonial cities like San Miguel de Allende, Cuernavaca, Guanajuato, and Oaxaca to beach towns like Playa del Carmen and Tulum (on the Caribbean coast) and Puerto Vallarta and Mazatlán (on the Pacific).

While the living is not as cheap as it was in the 1970s when Americans began migrating here in volume, it’s a global bargain and more of a budgeter’s delight right now than it’s been in a long time thanks to the U.S. dollar’s strength against the Mexican peso.

In some parts of the country, this translates to super real estate deals. But even where real estate trades in U.S. dollars (as it does in many Mexican markets), the strong dollar makes everything else—from a liter of gasoline and a week’s worth of groceries to a suite of bedroom furniture and a night out on the town—a bargain. Two can dine five-star, enjoying three courses and good wine, for less than 50 bucks.

Here Are Seven More Reasons We Say You Should Seriously Consider Retiring In Mexico:

Source: iStock/ocuric

1. The Country Is Familiar

From its administrative set-up (the Mexican government is a stable democracy, with executive, legislative, and judicial branches functioning in a similar way to those in the United States) to its big-footprint shopping. If you’re itching for an adventure in a foreign land that’s not too foreign, Mexico could be the experience you seek.

paradise beach mexico
Source: iStock/lucky-photographer

2. It’s Easy To Go Back And Forth, Making It A Top Choice For Part-Time Living

Drive down as often as you like without worrying about plane fare or any of the associated hassle of plane travel.

speak english in mexico
Source: iStock/DMEPhotography

3. English Is Widely Spoken

All the North American attention from both expats and tourists means that many Mexicans, especially in the service industry, speak English. As a result, this can make things like navigating the residency process at the immigration office and managing the real estate purchase process with your attorney much easier.

Get Your Free ​Mexico Report Today!

Learn more about ​​​Mexico ​​​and other countries in our FREE, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​Mexico: Home To The World's Largest Population Of North American Retirees

colorful houses mexico
Source: iStock/Poly Isepan

4. Undervalued Property Markets

For instance, some property markets, especially in the second-home markets most popular among Americans, have seen appreciation over the past two years of the pandemic… but others remain undervalued. In some places, you still enjoy a nice buyer’s advantage.

passport mexico
Source: iStock/cmcderm1

5. Easy And Fast Immigration

Automatic six-month tourist stays and easy and fast immigration make it possible to come and go and spend as much time in the country as you’d like. You can maintain a second home here (a place you rent out when you’re not using it yourself, say) without having to bother with the expense of obtaining formal resident status.

d
Source: iStock/Ftiare

6. It Is Hassle-Free

Moving to Mexico can be as hassle-free as an international move gets. Nothing’s as easy as loading up a truck and driving south. Your entire moving budget could be gas and tolls.

hospital staff
Source: iStock/monkeybusinessimages

7. You Can Go Back To The States To Use Medicare

You can return easily to the United States to use Medicare. If you’re considering this move as a retiree, You can return easily to the United States to use Medicare. If you’re considering this move as a retiree, nearing or over the age of 65, this can be Mexico’s most compelling advantage. Mexico offers excellent health care, but Medicare won’t pay for it—with limited exceptions, Medicare doesn’t cross any border. However, if you retire in Mexico, you’d be only a drive or quick flight away from accessing your benefits.

This means keeping and continuing to pay for Medicare coverage in addition to any other health insurance you might opt for. This can be a good strategy for a Medicare-eligible retiree moving to any foreign country, a safety net.

Sincerely,
Kathleen Peddicord signature
Kathleen Peddicord
Founding Publisher, Overseas Opportunity Letter

Tags: 'retire in mexico'americans abroadamericans in mexicoexpats in mexicolife in mexicolive in mexicoMexico'move to mexico
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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​​​Learn more about ​​​MEXICO ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​Mexico: Home To The World's Largest Population Of North American Retirees