I have been doing a lot of research on moving to Mexico. I can beat the high cost of living by moving there and in state taxes alone will save over 6% of my pension money that I now just hand over to the state.
I stand to make a profit on my home that I will sell and I understand that if I actually wanted to buy real estate in Mexico that I can do that as long as it is not located within a 40 limit along the main coast line of Mexico. I also understand there are an awful lot of American retirees that have already made the move and that in the Baja area alone there are over 100,000 americans living in that one area.
Both Social security and pension plans can be mailed to you in Mexico and you can even set up the direct deposit plan so you do not have to take money to any banks as it is automatically done through direct deposit.
Any of you from Kennett have any knowledge of people that have retired in Mexico?
The more I think on it, the better the entire idea appeals to me, I just may do it, by heck I just may! ;-)
At least I would be getting away from American politics and ignorant, hating people that have jumped out of the woodwork and from under their rocks in this election year. There has to be a better climate SOMEWHERE that is not so tense and unforgiving of tolerance.
Of course one main draw back is that I will have to learn Spanish in order to communicate with the people of the area. I start taking Spanish lessons in January of 2009 so it seems I have already made some decisions about the prospect.
Any feedback on Mexico living?