Boomer women today, on the brink of retirement, are the ones making the smartest investment decisions. Whether they are recently divorced, widowed or never married, single boomer women are in control of important assets, and are controlling investment monies. In fact, 91% of home-purchasing decisions are made by women. And this comes down to one advantage: they make less risky financial decisions. This has allowed them to make more money in the market, according to a Barclays Wealth and Ledbury Research study.
The truth is, the investment industry is still dominated by males. 75% of real estate investors are men. But women are still driving them out of the park on smart investments. So, how are boomer single women taking advantage of the overseas market today?
Today, women are still earning less than men. They also tend to spend less time on the workforce, according to the Department of Labor’s Bureau of Labor Statistics. This was especially true for boomer women. For a single woman – perhaps one with grown children that now fend for themselves – saving up for retirement is no joke (and it really shouldn’t be for anyone). Retired women are receiving smaller checks from the government, which has driven them to be more careful and thorough when it comes to their savings and building their nest egg.
That is exactly how they take advantage of investing overseas. Mexico is the perfect place for single boomer women who are looking to reinvent themselves and come up with new strategies to produce more income. That is why more single boomer women should be living and investing in Mexico.
The Riviera Maya, Mexico is one of the fastest growing cities in the country and Latin America. Its ever-growing tourism influx is a clear indicator that vacation rentals are a fantastic money-generating business to consider. For boomer single women, Mexico offers two things: great investment opportunities, and the chance to live in the Riviera Maya, as well. You should invest in a property, see it generate income and rent a small place for yourself.
Mexico has become very friendly for solo females and making friends is extremely easy. Moreover, the cost of living (thanks to the strong US dollar) is very affordable. In fact, you can live in Playa del Carmen for half the cost than you would in Sarasota, FL or Scottsdale, AZ. For women that continue to want to work while they put together a substantial amount of retirement savings, they can do so online or go through the visa process to obtain a permit.
The cultural familiarity also helps. Mexico hosts many American traditions and influences, just like the United States has a bit of Mexico in it. This makes single boomers starting a new life abroad feel more at ease and not as strangers to the new country. Plus, of course, the beautiful white-sand beaches and incredible gastronomy are just added bonuses to an already amazing single life in Mexico.
It’s All About Boomer Women Who Invest Smartly
In a still male-dominated industry, female boomers are really the ones in control. They are more calculated and thorough in their research, taking less risky decisions and not letting their emotions get in the way of making spur-of-the-moment decisions. In the Riviera Maya, return on investment can be as high as 14% annually – although it usually is between 8 and 10 per cent. Any female with enough equity to invest in a property, would prefer their investment to be making money for them for the future.
The modern infrastructure of the Riviera Maya attracts tourists continuously. Searching for an investment that will truly maximize your retirement funds is easy with so many options available. Besides, with so many developments offering multiple lock-off systems, you can also multiply your income, or even live in your own property while still renting out your lock-off sections.
Opportunities and options are plentiful. Any smart, forward-thinking single woman who wants to fend for herself (present and future) should consider real estate investing. Especially abroad. After all, who wouldn’t love to have a vacation home to escape to every once in a while, right?
So, if this is you, don’t hesitate any longer. Every second wasted is one smaller check you will receive for your pension. Browse through our thousands of listings and choose your dream home in the Riviera Maya, Mexico.
And remember, at Top Mexico Real Estate…we make it happen!