Forbes Magazine recently published 10 Retirement Rules covering investment planning, lifestyle goals and retirement choices. Here is what made their top ten:
1) Save early
2) Watch costs on your investments
3) Know what you own
4) Put retirement above college savings
5) Find your passions
6) Plan for a second career
7) Pay attention to your health
8) Practice retirement
9) Study when to take Social Security
10) Design a tax smart plan for income
Smart retirement planning also includes stretching your retirement income as far as possible, one of the many reasons why retirement in Mexico is such a popular option for foreigners. With a cost of living that is 50% to 70% less than in the USA and Canada, and the added benefits of excellent health care and a wonderful climate, it’s easy to understand why purchasing a retirement home in Mexico is so appealing.
You can start planning for retirement living in Mexico with MEXLend, where we can help you explore options to purchase a second home in Mexico. Purchasing well before your retirement years means you enjoy your property in Mexico as a vacation home and offset costs by listing as it as rental property. Talk to us about planning your dream retirement in Mexico now.
