The Six Rules of a Golden and Profitable Retirement

Posted on November 23, 2018 by Thomas Lloyd

As the years start rolling about faster and faster, boomers, who are now on the brink of retirement, start to wonder how they will retire and what they will do in their retirement. The truth is, there are no rules to this and each person decides what to do with their retirement time, money and plans. However, experts have panned out a retirement plan to make it truly golden and profitable. You may call them guidelines, rules, commandments, or whatever pleases you. But these rules have helped millions of soon-to-be-retirees understand what the golden years have in store for them.

Save, save and save some more

The first rule to retirement is saving money for it. Putting money into your 401(k) and IRA retirement funds is a great way to ensure you will have money to do what you please in your retirement. In fact, many people even put their IRA retirement funds to work prior to retirement by investing in vacation rental homes overseas. Any income generated from that property is put back into your IRA account, helping you create a steady flow of income that will come in very handy in your retirement. In the meantime, you can also create automatic deductions from your paycheck and join investment plans, which help put away money before you are able to spend it. Many retirees often just rely on their Social Security, which is a safety net, to say the least. It does not guarantee that you will be able to afford any sort of comfortable lifestyle. So, if you save – and invest – your money wisely, you’re ahead of the game.

Move away and find an affordable retirement spot

The reason why thousands of Americans and Canadians move to Mexico for their retirement is cost of living. Don’t be afraid to get up and move elsewhere. In Playa del Carmen, you can comfortably live for 50% less of the cost than you would in Sarasota, FL or Scottsdale, AZ, for example. And you might even be able to purchase a home for a fraction of the cost it would cost you back home. Mexico is the perfect spot for retirement due to its proximity to the US for quick visits back home, and it is the most culturally familiar country for those in the United States and Canada. So, get ready for that adventure abroad that retirement often promises.

Wait the correct amount to retire

You might hear of early retirement cases that are a huge success. A young man of 53 and his similarly-aged wife investing abroad and getting ready to retire after years of work. But this is not the case for everyone. Retirement should come at the right time for you. Early retirement is good when you have a fortune saved up and are certain that you have enough to live comfortably for the rest of your life. However, you need to measure your individual case. It’s quite simple. You need to give your money time to accumulate and multiply. Your Social Security checks will become smaller if your retirement is longer. So, make sure you give yourself time to fully prepare for retirement.

Think of no one but yourself

Downsizing is often a scary thought for people. But the reality is that you no longer need to shelter a whole family – just you and your partner. Think of yourself first, and everyone else second. Sure, you might want a guest bedroom in your Mexico home for whenever your grown children and grandchildren visit. Or if you have friends who are enjoying their retirement by traveling and want to stay with you. But there is no need to look for a 4-bedroom home with a studio, a TV room, a laundry room and all the big, lavish spaces you enjoy as a family. Retirement often means going back to basic. And that means you should think of your savings and your needs. Get rid of that mini van and switch out for a small car, or no car at all!

Plan to stay active, motivated and busy

Retirees often find themselves bored, not knowing where to go and what to do. If you’re used to a busy lifestyle, where you work 9 to 5, go out for business meetings or are often traveling, make sure to keep a fast-paced retirement. Except this time, there are no responsibilities, commitments or people depending on you. Staying healthy, active and busy during retirement is great for both your physical and mental health. So, make sure you plan your retirement with enough motivating activities. You might want to move abroad and spend your time traveling to nearby places. You might want to travel the world. Maybe your retirement doesn’t really necessarily mean you’ll stop working altogether. Maybe you open up a shop you’ve always dreamed of or join a club. The point is to keep yourself going and don’t let yourself disappear into your couch in front of the TV.

Make new friends and try new things

Retirement is a treat. It’s a reward earned from years of studying, working, caring, learning, stumbling and starting over again. So, don’t be afraid to do all those things you couldn’t when your focus was elsewhere. Travel, learn new languages, make new friends. Thousands of Americans and Canadians relocate to Mexico for their retirement and enjoy living a simple, laid back life surrounded by friends they never thought they’d have. Enjoy your retirement. You’ve earned it!

And if you’re keen on making that retirement money work for you, don’t hesitate to invest in real estate in the Riviera Maya!

Top 5 Reasons to Retire to Mexico

Posted on November 6, 2018 by Thomas Lloyd

About half of all Americans and Canadians are experiencing stress about being able to retire comfortably. But the good news is that while those fears may be well-founded for those who decide to stay home, others who are interested in moving may find a better option to the south. The International Living Global Retirement Index recently released their rankings on the best places to retire, and Mexico was ranked as the penultimate destination. From the quality of life to the culture to the climate, there are innumerable reasons why retiring to the Mayan Riviera is an excellent option. Here are the top five reasons why you should retire to Mexico.

Cost of Living

Many retirees are living on a fixed income which is often a challenge to get by on in our increasingly expensive world. However, in Mexico, a couple can easily live on as little as $1,500USD per month, including housing and healthcare. A couple can easily grab a round-trip taxi, a fancy dinner and do some shopping for less than $20USD. Moreover, there is no need to be thrifty.

Lifestyle

Thanks to such a low cost of living, individuals with what might seem like a low income can still live a full and active life when they retire to Mexico. Exploring ancient Mayan ruins or deserted beaches might be a great option for the more physically able. Or for those who prefer to stay city-side there is no shortage of restaurants or amenities. Moreover, there are hundreds of inexpensive flights available to destinations all over the Americas.

Climate

With a mean annual temperature of 75-77 °F (24-25 °C), the Mayan Riviera is an ideal destination for anybody looking to escape the cold and dreary weathers we experience in most of the rest of North America. Cooling down is never a problem. Between the pristine beaches along the coast, beautiful cenotes located all around the area, or the full amenity pools open to guests at countless resorts and beach-side clubs, there is no excuse.

Healthcare

For those who are over 60 and are legal residents of Mexico, the public healthcare system is completely free! And for those who are taking advantage of an early retirement, public healthcare can be acquired for a mere few hundred dollars a year. Even private health insurance can be purchased for less than half the cost of US prices. Besides, medical tourism in the Riviera Maya has become increasingly popular due to the state-of-art technologies and professionals. This is one of the top reasons why Americans and Canadians decide to retire to Mexico.

Culture

From Day of the Dead to Mexican Independence Day, there is no shortage of celebrations and events to take part in to celebrate the incredible history of the country. On days without national celebrations, you can still take part in any number of activities. These range from shopping, fishing, sunbathing, diving, biking, mountain climbing, parasailing, collecting crafts, going to concerts, or fine dining. The list is endless!

Retire to Mexico Today!

So, start planning your very-well reserved retirement in the most beautiful part of Mexico – the Riviera Maya! Thousands of Americans and Canadians have already decided to retire to Mexico, living an affordable, comfortable and enticing life. There are also thousands of retirement-friendly communities, properties and options. And they’re just a phone call away.

And remember, at Top Mexico Real Estate…we make it happen!

A Quick Guide to a Mexican Golfing Retirement

Posted on July 18, 2018 by Thomas Lloyd

A Quick Guide to a Mexican Golfing Retirement is a contribution by Chrissy Jones.

With some of the best all-inclusive golf resorts in the world, it’s natural to assume that Mexico takes its golfing seriously. With 11 of these courses based in Cancun alone, it’s a haven for the golfing enthusiasts. The real estate market also loves golf courses. Because of this, they add a significant amount of value to the properties in the area. For retirees, good properties and plenty of golfing is the perfect combination. Mexico offers some of the best retirement spots, now with the added advantage of including a swing at golf.

Golfing Paradise at Baja and Las Palomas

Mexico is not necessarily known for its golfing. But an increased focus in the sport has resulted in two of the top ten golf courses in Latin America to be in Mexico. Jack Nicklaus designed the first, Cabo del Sol in Baja. At 36 holes, this is not a course to be trifled with. The second is designed by Forrest Richardson and is based in Las Palomas. This course features 18 holes, which is perfect for a quick round on a Sunday. Both Baja and las Palomas offer retirees the ideal mix of real estate to keep their purses and comfort levels satisfied.

No Need to be a Pro

Retirees who wish to take up golf as a hobby after retirement don’t need to worry about learning the perfect swing or putt. Plenty of beginners are retirees. In fact, many of the gated estates and resorts offer beginner golfing to their residents. This is a trump card on the real estate front. You can find many of these residences in the Riviera Maya, such as this one in Bahia Principe. Retirees don’t have to worry about starting out their golfing hobby in retirement, as many of them do. This is because many retirees never had the opportunity to take up a hobby before due to lack of time. Residents can request golfing lessons at the local golf courses. Participants can decide when they’re ready to go out on their own.

Luxury is Part of the Package

From the Tom Fazio signature golf course in Chileno Bay to the Jim McLean Golf School at Banyan Tree Mayakoba, luxury and golf go hand in hand. Sprawling residential resorts that offer more than just great views are the ideal location. Here, retirees can rest their wandering feet on Mexican soil. These destinations offer other spoils such as spa access and exclusive outdoor activities, as well. For retirees, this all comes at affordable prices and the temperate weather is a bonus.

From the sprawling beaches that provide the perfect backdrop to a great day’s golfing, to world-class accommodation, retiring in Mexico is one for the young at heart. With fresh greens and crisp lawns, there has never been a better time to take up golf.

Retiring to Mexico: The Best Choice for You

Posted on July 9, 2018 by Thomas Lloyd

When you’re thinking of your retirement, there are many things to consider. Amongst those, is the ease with which you will be able to move around. This means actually living in a city that is relaxing, close to everything, and where transportation is at hand. A place that requires you to drive everywhere most likely means traffic, and nobody wants to deal with such things during their retirement. It’s your turn to sit back, relax and enjoy. That is why retiring to Mexico has so many benefits. In fact, it is one of the top destinations in the country for Americans and Canadians to spend their golden years.

There are many benefits to retiring in places such as Playa del Carmen. Not only do the big expat communities help each other out constantly, but the quality of life is impressive. Walking everywhere is easy, everything is nearby, there are plenty of things to do, and there is also a great infrastructure.

Medical Assistance

One of the perks of retiring to the Riviera Maya is its top-notch medical industry. Many English-speaking professionals work here and cater to the well-being of American and Canadian expats. Retiring to Mexico means having the best possible medical care at hand with many private clinics and dentist’s offices available.

Money Goes A Long Way

The Mexican peso is constantly fluctuating and the dollar gains more and more strength against it. While that may be bad news for our Mexican friends, it is a great opportunity for Americans and Canadians. Dollars will go a long way here not only because of its value but because living in Mexico is very cheap in comparison to other countries. Not only when it comes to real estate but also with simple things such as a meal out in a restaurant, or grocery shopping and even transportation.

Retiring to Mexico Increases Quality of Life

The Riviera Maya is a friendly and welcoming place. It is home to a close-knit community that will help you find anything or recommend places to visit. Many people will also willingly volunteer to help you in translating documents, instructions, or anything else you may need. But because Mexicans are so friendly and open to foreigners, the quality of life is much better, too. Friends are found around every corner. Great food is served in every restaurant. Beers and cocktails flow by the beach nonstop. Activities to do include swimming, snorkeling, diving, yoga, fishing, and many others that keep everyone young at heart.

Moving Around in Mexico

If for some reason you decide to use a vehicle, there are many trusted rental cars that offer incredibly low prices in comparison the USA. Renting a car to pick friends up at the airport, or to get around is an easy and affordable process. However, the transit system (bus and colectivos) are very reliable, timely and good. There are a few terminals scattered around the Riviera Maya that will take you anywhere and bring you back.

Year-Round Warm Weather

The weather in the Riviera Maya is very consistent with the sun always shining and warm temperatures throughout the year. The average temperature is 28°C, while it can fluctuate anywhere between 22°C and 36°C. The weather makes it a great place to retire due to the amount of activities one can enjoy under the sun.

All in all, there is no reason to avoid retiring to Mexico. It is affordable, fun, friendly, beautiful, and offers a great deal of Americanized standards that you are used to. Shopping is easy and cheap and moving around either driving or in public transportation is no hard feat. Mexico is definitely the number one choice for you to retire.

5 Reasons to Retire to Mexico

Posted on June 20, 2018 by Thomas Lloyd

5 Reasons to Retire to Mexico is a contribution by Crystal Tost from Re/Max.

When trying to decide on the right country for retirement, you will find that there are many options available. Many countries can dispute the pros of retiring there. However, there are several reasons why many Canadians and Americans choose to retire to Mexico. In fact, here are five great reasons to call Mexico home after retiring.

Proximity

For those who currently reside in Canada and the United States, Mexico is a great retirement destination due to proximity. As part of North America, Mexico can easily be reached by car from any country. Moreover, flight routes are available between major destinations between the United States and Canada and Mexico, such as Cancun. Not only does this help to make the move easier, but it also makes it easier to travel back and forth to your home country to visit relatives and friends.