Retirement in the Riviera Maya: What’s to Know?

Retirement in the Riviera Maya – what’s to know is a guest blog by Betty White, whose bio you can find at the bottom of this article.

In the modern era, we are living faster than ever and working much more than relaxing. When we are young and full of ambition, we even find pleasure in the adrenaline that this lifestyle brings us. But as the years go by, we become tired.  Continue reading

All the Reasons to Consider Retirement in Mexico

When time for retirement starts closing in, it’s time to consider a place to retire to. Many people stay home and carry out their retirement there. But others are keen to spread their wings and fly. They consider heading out somewhere new, where that new breath of life is waiting. That is why so many people place the Riviera Maya in Mexico at the top of their list. It might be the weather, the lower cost of living or even the fulfilment of living abroad. Mexico has everything, which is why it is the perfect place to seek retirement. Take a moment to write down all the elements that you and your partner will want and need in selecting a retirement destination. Then start a shortlist of places that will satisfy the criteria. We bet that Mexico is at the top of the list!

Retire in Playa del Carmen

When living in North America, you have several choices to live out the best years of your life. You could select Europe, Hawaii, or somewhere in the Orient. Whichever countries you are researching, make sure you do all your due diligence when comparing what best suits your specific requirements. But at the same time, don’t forget to listen to your emotional urges to live in a place that keeps popping up in your mind. And we certainly hope that place is the Riviera Maya. In all honesty, there are no shortage of reasons to consider this piece of paradise.

Just recently, International Living rated Mexico 3rd out of 10 on its annual report The World’s Best Places to Retire in 2019. Even though Mexico wasn’t number one, you have to consider the approximate location to your home country and family. Living in North America, most retirees and expats can be less than a 3 to 6-hour plane flight from home. The following reasons will help you complete that long-visited list of why you should consider retirement in Mexico.

The Cancun International Airport

Cancun International Airport

This ever-growing airport is conveniently located on the tip of the Yucatan Peninsula, just minutes away from the Riviera Maya stretch. It is an ideal location that can be used as a home base to explore other worldly destinations. In fact, the Cancun International Airport is the second largest and busiest airport in Mexico, right after Mexico City’s. Moreover, it is one of the country’s state-of-the-art airports. It is constantly improving its infrastructure and completed its fourth terminal in October 2017. Cancun’s airport is Mexico’s most popular ports-of-call for tourism. It provides multiple means of transportation to almost anywhere on the Peninsula. You can choose from luxury bus lines, shuttle services, taxi services, and reliable public transportation.

Near perfect year-round weather

Once you arrive in Mexico, you can toss your coat, sweater and boots in a box and store them away – for good. The Riviera Maya’s daily temperature rarely fluctuates throughout the seasons. The daytime highs in summer range from the low to mid 90s, and the evenings settle down to the mid and upper 70s. The colder months level off into the low to mid 80s, and a relaxing 70 to 73 degrees after the sunsets. These types of temperatures make every day a beach day. Mexico is all about outdoor living day or night. Can’t ask for any better weather than this. Especially for your long-awaited retirement.

Beach Sunset

Enjoy a Caribbean lifestyle

If having fun in the sun and being surrounded by the Caribbean Sea sounds like the perfect place for you, move down here now. The Riviera Maya has made several Top 10 lists as having some of the most beautiful beaches in the world. Here is where the turquoise waters meet up with the fine, white sand. Imagine strolling along where the soft sand gently massages your feet, the warm tempered waves splash against your legs, and palm trees sway subtly above your head. It’s not longer a dream, but a reality.

The cost of living is unbeatable

Tulum

Living a comfortable lifestyle on a modest amount of money is no problem at all in Mexico’s Riviera Maya. With inexpensive entertainment, low taxes, and bargain shopping, you can enjoy a comfortable – and sometimes luxurious – life. Other contributing costs of saving factors include the USD to Mexican Peso exchange rate and low property taxes. The latter makes owning a home very affordable. You will rarely need a car, because public transportation is very reliable and inexpensive. Likewise, walking around or biking is great due to the proximity of it all. Visiting nearby communities can be as easy as catching a colectivo or flagging down a taxi.

Modern infrastructure, modern comforts and stable government

Mexico has a very modern infrastructure that includes running water, sewer systems, water purification plans, and a very reliable electrical grid. Likewise, services such as Wi-Fi are offered everywhere, and many times it is free. Internet cabling reaches most places and has a reliable speed. When it comes to shopping, you will find familiar retailers, grocery stores, and outlets selling all modern conveniences of home. Lastly, the Mexican government has been and continues being stable. It also has plans to continually enhance the country’s notable reputation for being safe and very protective of its tourists. Don’t hesitate to let your guard down once in a while and enjoy life as it is meant to be.

Other factors for the best retirement in Mexico

Other worthwhile benefits are the fabulous cuisines, the ease of travel between regions (especially with the upcoming Mayan train), a welcoming culture and festive environment. These are only a few of the reasons why Mexico is the perfect retirement destination, and why it has topped many international lists.

Most importantly, however, is the ease of purchasing real estate in the region and becoming a happy homeowner in Mexico. You will find new developments which are thought out as perfect for retirement, such as Starlight Towers in Playa del Carmen, with its indoor patio and smart architecture. Or if you prefer Tulum, you will find places such as Puerta Azul, which offer open-plan condos perfect for entertaining visiting friends or family.

Benefits of Living in Mexico

The Six Rules of a Golden and Profitable Retirement

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

Piggy bank

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

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 in Mexico

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!

Why You Should be Betting on Green Energy in Your Home

For a few years now, Mexico has been betting on green energy and sustainable construction. In fact, it has become so trending, that developers in Tulum, Playa del Carmen and Merida are more and more careful about the impact their projects are creating. Today, anyone looking for a dream home in paradise, is looking to purchase a home with little impact on the beautiful environment. Communities such as Luum Zama in Tulum or Nah Ha in Playa del Carmen are preserving between 50 and 60% of the green areas. Moreover, designers such as Artigas Arquitectos – the brains behind Puerta Azul Tulum – are making sure their developments are self-maintaining and based off natural materials.

Green Energy for Mexico

Solar Panels

Now that both homeowners and developers are starting to think green is the perfect time to make your home as green as possible, as well. It has been reported that about 88 billion dollars will be invested in clean energy generation in Mexico over the next few years. Out of this, 68% will be invested in Yucatan for wind and solar energy. This reflects in all types of industries, of course, but homeowner can do their part, as well.

Installing green technology at home reduces the impact of your carbon foot print. It also helps the country become a quick zero net energy country. By adding solar panels to your home, you can help reduce energy consumption, eventually bringing it down to zero. Solar energy is one of the most important sources for clean generation…and it’s so easy to be a part of it. In fact, you can also use the sun as a water-heating system.

When you start seeing the reduced costs on your CFE bill, you will be happy you made the initial investment. But the main reason why you should be betting on green technologies for your home is the value it gives your home down the road. Today, a green home is worth a lot. Efforts are being made worldwide for people to start becoming as sustainable as possible. Even if it is as simple as recycling their garbage.

More Than Savings

Retire

But building green goes beyond just reducing your costs (which are significant, as you will see). It is also about having fresh air at home, keeping a good temperature (and avoiding mold from humidity) and enjoying accommodating homes.

The cost savings that installing green energy represents are significant. You can reduce your monthly electricity bill (for a couple) down by $200 USD by installing green energy. This represents $2,400 annually. As fuel prices continue to increase, so do electricity expenses. Getting ahead of the game is a great idea. When you consider the savings made to your home, you can see how the value of it increases. An eco-friendly home with solar panels, and water-saving or water-recycling systems are more attractive to future buyers (in case of selling or inheriting). Sustainable materials, low environmental impact and reduced energy costs are a big yes in many people’s home wish lists today.

The Riviera Maya is a Green Paradise

Expats Retire Mexico

You’re in the Riviera Maya. You are enjoying your retirement and low cost of living. But you still want to continue reducing expenses and impact on the environment. So, go green. Besides, green homes truly improve health. You’re living in the Riviera Maya for a reason. So, make the most of it by breathing non-polluted air at home. And if you’re just beginning your search for that perfect retirement-friendly home, while still looking to impact the environment positively, check out our listings and start thinking of how to improve them upon purchase.

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

Top 5 Reasons to Retire to Mexico

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

Dinner

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

Tulum

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

Day of the Dead

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!

The Best Retirement Communities in the Riviera Maya

The Riviera Maya is known to be one of the most popular places in the world for retirees. In fact, in Mexico it only comes second to the San Miguel de Allende expat community. The bright sunshine, consistent warm weather and affordability make it a top destination for retirement. Without missing a beat, developers have started to create retirement-friendly communities throughout the Riviera Maya. They offer great quality of life, culture and friendliness. Moreover, hospitals and clinics offer some top technology medical facilities and treatment. These are the best retirement-friendly communities today.

Playa del Carmen: Retirement in the Heart of the Riviera Maya

Retirement in Playa del Carmen

Many retirees choose Playa del Carmen due to the proximity to the Cancun International Airport. It is also the heart of the Riviera Maya and has access to the main cities and attractions. But mostly it is the services of a big city while still being a small town that attract those who want to retire.

Moreover, the real estate market in Playa del Carmen is very affordable. In comparison to the United States, living in Playa del Carmen can also be over 50% cheaper. Playa del Carmen is home to big supermarkets such as Walmart and has international shops, bars and restaurants like Starbucks, H&M, Apple, and others.

Tulum: Sustainable Retirement by the Sea

Tulum is a great beach town with everything one could possibly need. Although it is slightly further from the Cancun International Airport, it has easy accessibility through the Federal Highway 307. Tulum’s exponential growth has led it to become a sustainable community with many real estate developments taking into consideration the damage to the environment and tackling the issue.

In Tulum you will find high-end developments that mix a natural and tranquil lifestyle with luxury living. Accommodation and cost of living is affordable altogether. Tulum is also growing when it comes to medical attention, having opened clinics and hospitals recently. It is also home to select and premium supermarkets, as well as boutique shops, 5-star restaurants and, of course, the most beautiful beaches in the Mexican Caribbean.

Tulum

Tulum has garnered international attention due to its winning beaches and amazing amenities. It is the perfect retirement destination for those who wish to spend their golden years chilling by the clear-blue sea.

Puerto Morelos: A Yet to Be Discovered Retirement Gem

Just 20 minutes south of Cancun you will find Puerto Morelos. It is quickly attracting more and more attention to visitors to the region, with many visiting it for a day at the beach. Its large California-style beaches are laidback and tend to be emptier than other regions in the Riviera Maya. It has a small population of approximately 9,000 and it offers great real estate infrastructure for anyone looking to retire to a still hidden gem.

It is a more laidback version of Playa del Carmen, and much smaller than Cancun. Retirees looking for something tropical are keeping an eye out for this small fishing town. Puerto Morelos is small enough that it feels like private, yet it has main access to the Federal Highway 307 and a large supermarket for every need.

Cozumel: Dreamy Island Retirement

Taking the Caribbean experience one step further is retiring to an actual island. Cozumel is just a 30-minute ferry ride from Playa del Carmen and it has infrastructure that requires you never actually leave the island. It is great for retirement because you get A-class beaches, plenty of tourism, delicious seafood and it has everything one might need such as clinics and doctors, large supermarkets and plenty of shops.

Cozumel

It is quite fast and affordable to commute to the mainland, however, should you need to do so. Those who retire to Cozumel are often big on fishing and scuba diving – two things the island offers better than most other regions in the Riviera Maya.

Real estate in Cozumel is very affordable, as well. Because it is mainly a tourist destination and not so much a permanent living destination for foreigners, real estate prices are kept at very competitive prices. And if you’re a snowbird, you surely will rent out your property for vacations.

Chetumal: Border Retirement in South Quintana Roo

Last but not least is Chetumal. This isn’t actually in the Riviera Maya, but rather the Costa Maya which starts at the south of Tulum and ends at the border with Belize. Just at the border lays Chetumal, the capital city of the state of Quintana Roo. While it is located a four-hour drive from the Cancun International Airport, it has become a hotspot for foreign retirees.

The city is very quiet and its proximity to Belize has made it popular amongst retirees that are often searching for scuba diving and fishing opportunities beyond the Mexican border. Chetumal has grown in retirement opportunities due to its excellent medical treatment facilities. Because it is a city it has plenty of supermarkets, banks, and activities to engage in.

When you think of retirement in the Riviera Maya, you should think of endless opportunities and a comfortable lifestyle. There are thousands of available real estate projects throughout. Check them out and start planning your paradise retirement today.

Benefits of Living in Mexico

Expats Rank Mexico 1st Place for Personal Happiness

Expats in Mexico are the happiest people in the world, according to a recent InterNations survey. They surveyed over 18,000 expats from 163 countries, taking into consideration different factors of moving and living abroad. Mexico ranked first – out of 68 countries – for personal happiness. It ranked second for leisure, ease of settling in and cost of living. Thanks to the investments being made in safety and quality of life in the Yucatan Peninsula, many foreigners continue choosing it as their perfect retirement destination. Others find it to be ideal as a snowbird destination.

Perfect Retirement: Settling in is Easy in Mexico

Retiring to Mexico

According to other studies, 39% of expats living in Mexico are, in fact, retirees. Out of all expats in Mexico 20% have said that they moved down here for the weather and quality of life. No wonder it ranked second for leisure, ease of settling in and cost of living. 85% of the expats mentioned that settling down in Mexico was really easy. They mentioned the ease with which the local culture has made them feel at home. In fact, if you compare cities such as Sarasota to Playa del Carmen you will notice that it is over 50% more affordable to live in Mexico than it is to retire in the United States.

Another aspect of the survey that made Mexico stand out was the friendliness of the Mexican people. 64% of those surveyed said that Mexicans are some of the friendliest people they’ve encountered. Because of this, it ranks first in friendliness. Over half of them reported that the local’s attitude towards foreigners is very friendly, which is why making friends in Mexico is easy. And the language barrier is no problem. In fact, 96% of them reported that they already speak Spanish to some level.

Expats are Happy with the Financial Benefits of Living in Mexico

But it is probably the financial benefits of moving to Mexico that is the driving force of retirees wanting to move down here. The survey revealed Mexico to be second in cost of living and third in the personal finance index. Actually, 17% of expats in Mexico reported that they have more money than they need.

Overall, Mexico remains a top-of-mind retirement destination for many reasons. But personal happiness is perhaps the most important one. That is why 88% of expats surveyed said they were quite satisfied with their lives in Mexico placing it in fourth place in the overall ranking. And the truth is, that purchasing a retirement home in Mexico is really simple. With so many Mexico real estate options available, it also comes as no surprise that people are choosing this beautiful place to spend their winters and benefit from their home the rest of the year.