Wednesday, October 26, 2011

Why Mexico is One of the Best Places for Retirement

You're looking to get more out of your money set aside for retirement, but aren't willing to sacrifice a good location and community. So why is Mexico one of the best places for retirement?

A survey conducted by the International Community Foundation questioned more than 840 U.S. retirees in coastal areas of Mexico who were over 50 years old. The survey found that:
• U.S. retirees chose Mexico for retirement due to its proximity to the United States and its affordability relative to other retirement destinations in the United States.
• U.S. retirees in Mexican coastal communities are relatively young and well-educated. Nearly 53 percent are under 65 years of age. Almost two-thirds have at least a college degree; another 28 percent attended at least one year of college.
• U.S. retirees residing in Mexico continue to maintain strong ties to the U.S. with 50 percent still considering the United States as their primary country of residence; almost 22 percent return to the U.S. on a monthly basis.
• Almost 44 percent of Americans residing in Mexican coastal communities were able to live comfortably on less than $1,000 USD a month for household expenses. This is significantly different from the U.S. where in California, a senior might need $21,000-27,000/year.

No comments:

Post a Comment