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Looking for best places to retire? Here we have five unique retirement ideas for Mexico

Summary: Mexico is amongst the best places to retire for Americans and Canadians alike. In this article, we share five unique retirement schemes you might find new and interesting. We also threw in some interesting financial advice that will make you want to move to Mexico right now.

Mexican hospitality is well known around the world. Mexicans are usually warm people who like to open their homes to receive foreigners. They are usually smiling all the time (and their wonderful weather is not the only reason!). Read ahead so you learn about five retirement plans that will make you decide that you really need to retire in this beautiful country. Go ahead and make your retirement planning come true.

1. Buying Property In Mexico Means Growing Your Money

If Mexico becomes an option for you to retire, you should consider buying your own house. This is a wonderful choice because it will ensure your money will grow along the years. It is not profitable to pay a rent when you are moving to a country where your national coin (whether it is US or CAN dollars) usually stands very strong.

Let me tell you how Mexicans buy their properties. Unless you belong to the tiny privileged high class, where you can find some of the top millionaires in the world like Carlos Slim (owner of Telmex), Mexicans who have a paid contract receive a housing benefit. This is managed by the National Fund for Workers’ Housing, known as Infonavit.

In 1972, the Infonavit was created to offer every Mexican worker a funding account where his employer would put aside money that could only be destined towards buying a property. A little bit of history: Mexico has a strong socialist background coming from the 1940s, when President Lazaro Cardenas (who expropriated all oil companies) made sure workers received benefits from their employers

So, every employee has some money deducted from his salary. It is around 5% of what he/she makes. When that fund reaches a certain amount, the worker can ask the government for it. Nevertheless, this amount is never very high. Consider that, if the Mexican minimum salary is $123 pesos per day, daily savings for Infonavit are around $7 pesos. This means that in 10 years, a Mexican employee who worked five days a week would only have around $1,100 Canadian dollars.

That is the reason not many people in Mexico invest in real estate. For most workers, it is better to pay rent. This means that many excellent properties can be found at real top-notch prices in the market. The property market in Mexico holds strong no matter what because it is not overrun. It has not suffered the “slings and arrows” of this century’s crisis and that’s why this is the one of the best places to retire.

Make it a retirement goal: Buying any kind of property in Mexico to keep your money safe and steadily growing, no matter what world events are.

2. Healthy Eating Is Easy And Cheap In Mexico

Retirement is the precise moment to make our life turn into exactly what we always dreamed about. Are you looking for better eating habits during your retirement?

Mexico has original healthy eating habits. Indigenous diet in Mexico was mainly vegetarian. Although some meat was consumed, the original cultures of Mesoamerica had a very balanced diet. It was based on five main ingredients: corn, beans, chili, tomato and zucchini.

When the Spaniards arrive and conquered the Aztecs, Mexican diet changed drastically. Europeans brought with them cattle, so fat was added to the local cuisine. Then Mexican menus became variations on what is usually called “antojitos”[1], which incorporate fried tortilla, as well as pork and beef, all European ingredients.

Nevertheless, a regular Mexican meal nowadays includes very fresh ingredients. If you are planning on cooking during your retirement, you will probably live next to a mercado (market) because they are everywhere in Mexico! There you can find fresh and really cheap local produce.

Many retirees mention they are happy to finally be able to eat a great variety of seasonal fruits and vegetables all year around. Even if you don’t cook, you can stop by comida corrida places, where you can find a homemade meal for as cheap as $50 pesos. It includes soup, meat, salad, dessert and agua fresca (fresh water), made from fruit (and tons of sugar, so beware!).

3. Beach Life A Lo Grande

While Acapulco was a hot spot during the 70s and 80s and has maybe run its time because the good spots are all taken, the very good news is that Mexico has two beautiful beach destinations that are budding: Huatulco and Puerto Vallarta.

Huatulco, Oaxaca [AP1] is a series of bays which hide secluded beaches, some completely untouched. To travel from one to the other you must drive by car. This gives the bays a unique sense of privacy. If you like a quiet life, exclusive beaches and clean water and sands, invest in Huatulco. This is the perfect time for that.

On the other hand, if you prefer a beach with an attitude, Puerto Vallarta is for you. Vallarta became famous after The Night of the Iguana, the film with Richard Burton and Ava Gardner, was filmed in its lush vegetation. Then the town began budding.

Nowadays, Vallarta has an incredible day and night life. The beaches are still beautiful and clean, but social life is intense. Vallarta has it all: art galleries, chic restaurants and boutiques and probably soon a Cirque du Soleil venue to enjoy!

4. Retirement Means Open Hours

If one of your retirement plans is to open a business, Mexico is the precise place where you want that to happen. Whether you want to open a franchise or start something completely new, the Mexican territory has a strong consumer force.

One of the main advantages of opening a business in Mexico is all the know-how with which you can contribute to local culture. Latin American business have a completely different layout. So, whether you an expert business person or you are blossoming an idea, Mexico will benefit from you trying it out.

Once again, keep your eye on both Huatulco and Puerto Vallarta as venues that can host your business idea and make it grow. With both a local and an expat population, both offer a secure clientele.

Other important advantages about opening a business in Mexico when you retire are cheap rents and low taxes. Even with all these incentives, American or Canadian business owners always refer that one of the most rewarding things is having local workers contribute to your business. Mexicans are warm hearted and hard-working individuals, and they will perk up your business, whether it is in a brick-and-mortar company or an online one.

5. Volunteer And Make Dreams Happen!

For some people, retirement is about dedicating our knowledge and energy to make another’s life better. Mexico is such a generous country that we can always give back to it in whichever way you prefer!

Some local examples of really successful volunteer projects in Mexico where many gringos have contributed heartily are CASA in San Miguel de Allende and SETAC in Puerto Vallarta.

According to their websites, “CASA is a dynamic, entrepreneurial nonprofit working creatively to promote human rights. Established in 1981, CASA is based in San Miguel de Allende, Guanajuato. Our mission is to promote and teach skills that result in heightened empowerment, gender equality and self-sufficiency for both individuals and families.”

As for SETAC, they say “In August 2009, the SETAC Community Center officially opened in a quiet area of Old Town Puerto Vallarta to provide essential services to the GLBT community, including physical and mental health treatment and referrals, education, and recreation, in a safe and discrimination free atmosphere.”

We invite you to visit their websites to contribute to their causes!

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