US retirees would seek refuge in Mexico
Photo: El Financiero
Marita Kelly, collaborator with BanderasNews.com states that in Mexico & other Latin American countries, the lower cost of living allows U.S. citizens to retire earlier, while maintaining a comfortable lifestyle with access to the goods and services they’re accustomed to.
A new report from the editors at InternationalLiving.com explores how U.S. citizens are retiring early – as young as their 30s – with a move overseas. In locales where the cost of living is lower than in the United States – yet the healthcare and quality of life are world-class – people can stop working years earlier than expected, a trend noted by IL’s correspondents around the world.
“Our correspondents on the ground have noticed more younger expats refusing to postpone retirement-opting, instead, to retire early overseas in places where the cost of living is a small fraction of what it is in the States or Canada,” says IL Executive Editor, Jennifer Stevens.
“We’re seeing younger people at our live events, exploring their retire-early options in person ahead of a move. And our editors and correspondents based around the world report they’re running into more folks on the ground, too, who have decided to retire years early overseas.
“The average American hasn’t saved nearly enough for a comfortable retirement Stateside,” Stevens says. “Conventional wisdom says: Work longer, save more, and lower your expectations for retirement. But in the right places overseas, you don’t have to do any of that. If you slash your cost of living by half (or more) – you can retire years earlier than you expected. And most folks who’ve done it say they live better than they ever did back home.”
According to the report, the majority of these early retirees can be found in Latin American countries, where the lower cost of living allows U.S. citizens to retire earlier, while still maintaining a comfortable lifestyle with access to the sort of goods and services they’re already accustomed to, including high-quality healthcare.
Click here for full article on Banderas News
Comments
more recommended stories
Fishermen attack boat protecting the Vaquita Refuge in Baja California (VIDEO)Associated Press.- According to the Vallarta.
Delta says shutdown is costing $25m USD in January revenueDALLAS (AP) — Delta Air Lines.
Museum of Pulque to open up in Mexico CitySome beverages deserve special recognition. Pulque.
Aeromexico trolls Americans with ad about debate over the wallAeroméxico, Mexico’s large airline, is taking.
21 dead, 71 burned in fire at illegal tap into Mexico fuel pipelineA huge fire exploded at a.
Maya women stand out for their communityA group of women from San.
Yucatan is ready for the Mérida Triathlon 2019“Yucatan is ready for the sixth.
Largest-ever group of migrant families tunnels under Yuma, Arizona, border fenceTUCSON, Ariz. – The largest single.
Owner of Grupo Soriana found executed in Torreón, CoahuilaTorreón, Coahuila, Mexico.-On Friday January 18th,.
Controversy over raise on Chichen Itza’s admission fee continues“The truth is that tourists are.
Leave a Comment