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 Living permanently in Mexico takes much thought, consideration, and organization. If you know where you want to retire in Mexico, you are one step ahead of the game. After you have decided where the best place to retire in Mexico is, then you can start the Relocation Process. Most of the concerns of retirees living or thinking of moving to Mexico are addressed on this page. Buying property, moving your belongings, planning your finances, securing health care and insurance are usually the first things to think about in order to feel comfortable and reassured. It is advised to check out the options available to you where you will reside, making sure that all of your demands and expectations are met and that you will feel secure and confident in your new home. Leaving your old life behind and starting a new life in Mexico can be exciting and rewarding. SolutionsAbroad.com offers you the resource of bilingual service providers available to answer your questions and give you the most efficient and professional assistance available. You can rely on us to answer and address all of your retirement questions and help you in your decision to retire in Mexico.
Health Insurance
Most retirees are highly concerned about the quality and availability of health care when moving to Mexico. Most medical benefits stop at the border, so it is important that Canadian and American citizens retiring in Mexico investigate their current health insurance policy to find out what is and isn´t covered while living abroad on a permanent basis. There are many options available for retirees who want to buy separate insurance when living abroad. Getting the IMSS (Mexican Social Security) is one option for the foreign retiree; however, you may want to see if this is the right option for you as a foreigner. It covers the expenses of medical, dental and vision care, but may not provide sufficient coverage for what you need in terms of individual social security. International health insurance, travelers insurance and global medical insurance are some of the other options available to retirees looking to buy private health care. Click on Health Insurance in Mexico for more information.
Real Estate
Foreigners are allowed to buy property in any area that is not near the coast or the border. If the property is within 60 miles of the border or less than 30 miles from the coast, foreign nationals are required to purchase property through a beneficial trust. You can also acquire land or real estate by setting up your own buisness or company in Mexico. Many foreigners who retire in Mexico on a permanent basis choose this option due to the financial benefits of not having to go through a trust and to avoid government red tape. Click on Real Estate in Mexico for general information on buying Real Estate. For information on setting up a business or company in Mexico, click here.
Immigration-Rentista
Retirees living permanently in Mexico will need to obtain a visa to stay longer than the 180 days given to foreigners when visiting Mexico. A Rentista is a popular option for retirees. It is a non-working visa in which the application must be accompanied by a letter from a bank, social security agency, or financial institution, certifying that the applicant receives a minimum monthly income. SolutionsAbroad.com offers many other resources and sources of prudent information regarding immigration to Mexico. Click here for additional information on immigration issues in Mexico.
Financial Planning
Financial planning for expatriate retirees moving to Mexico can be stressful when considering moving all monetary affairs from one country to another. Please use our Cost of Living guide as a reference for how much you can expect to spend while retired at your chosen destination. It is advised that you hold a bank account in Mexico as long as you are living and spending money in Mexico, especially if you will be living in Mexico permanently. There are many banks to choose from in Mexico. For additional information on financial planning in Mexico, click here. For information on banks in Mexico, click here.
Transportation
Transportation may or may not be an issue for you when thinking of retiring to Mexico. There are many ways to get around in Mexico, be it by bus, metro, taxi, or by foot. In order to help you get to where you need to go, check out our Transportation in Mexico page for information on how to get around. If you have questions regarding buying and/or moving your car to Mexico, click here.
Moving to Mexico
Moving to Mexico involves careful thought in terms of securely relocating your personal possessions. Our Service Providers include reputable and bilingual moving companies with years of experience helping foreigners move to Mexico. You can rely on us to recommend professionals who will work with you, making the move to Mexico an easy one. Click on Moving to Mexico for more information regarding moving and relocation services in Mexico.
Independent Senior Living
For those considering an all-inclusive facility, where all your cares and needs are taken care of for you, this is the section for you. Here are our new listings of Certified Service Providers that offer independent senior fiving facilities and accommodations in several Mexican cities that will fit your retirement community criteria.
Many retirees are looking for the basics of getting started and finding out what needs to be done in order to move to Mexico efficiently and securely. For additional information and getting started tips, click here. Return to top |
