 Here at Top Mexico, we’re always telling you that living in Mexico can help you keep your retirement savings intact. Today, I want to stack this claim up against some hard facts.
As you’re about to see in the nice infographic below, the top expenses that are draining boomers’ savings – student debts, health care, adult children and mortgages.
Can Mexico Help?
It sure can. The two big ones are mortgages and healthcare.
If you buy a property in Mexico, you can replace an expensive home and all the debt still left on it with a beautiful condo or home near the beach. Real estate in Mexico simply costs less, with the advantage that it’s in a beautiful, warm-weather setting.
Healthcare expenses are also considerably less, usually between 50 and 70% cheaper. (You can read more about this topic here.)
If you’re like most boomers/retirees these days, moving to Mexico could be the solution to your biggest financial issues.
Take a look at the infographic from Varsity:
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Doug Morgan was born in Dayton, Ohio and went to college at Buckeye State. Â Moving to Louisiana after college, he became President of his New York Stock Exchange company at the age of 28. Â His later career shifted to Florida and the investment business, where he was a financial advisor and branch manager for over 30 years. Â He bought his first condominium in Mexico in 2008 (from Top Mexico Real Estate), initially as a vacation home, but a year later he retired and moved full time to Playa del Carmen. Contact Doug at (512) 879-6546.
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