Retiring In Mexico

September 30th, 2011 by
Categories: Economy, Retirement

by Tamera Martens

Those looking at retirement will consider many things before deciding where to retire. Economic factors, climate, health care availability, investment potential and personal safety are among the top concerns. With these factors in mind, retiring in Mexico is becoming an increasingly popular option for retirees.

Mexico's economy seems to be improving under the leadership of President Felipe Calderon. While on a recent trip to Los Angeles, he spoke about the emphasis he has placed on the education of Mexican citizens as a means of improving the workforce.

Mexico plans to have universal health care coverage in place by the end of 2011. With an emphasis on hospital infrastructure investment, President Calderon hopes to bring health services closer to communities. Health care availability is an important consideration for those investigating retirement options.

There were 800,000 new jobs created in Mexico in 2010, with reserves more than two times the nation's debt, giving Mexico's economic environment a positive outlook. The addition of new jobs, combined with substantial cash reserves in relation to debt, indicates Mexico is focusing on economic growth and providing opportunity to it's citizens. A stable economy and a low cost of living is very attractive to those thinking of retiring in Mexico.

Individuals considering retiring in Mexico must also pay attention to the issues surrounding security in the region. According to President Calderon, an increased focus on security has resulted in 21 of the 37 most wanted criminals being neutralized, as well as strengthening of security forces and institutions. President Calderon reports a renewed emphasis on preventative policies as well as attention being paid to tourist and recreational areas. While there is still much work to be done with regard to ensuring that Mexico remains a safe country, President Calderon appears to be investing significant energy into thwarting the cartels. Those thinking of retiring in Mexico can rest assured that every effort is being made to protect Mexican citizens as well as tourists and expats living in the country.

Overall, retiring in Mexico appears to be becoming more attractive. Beautiful weather, a low cost of living, friendly people, and an increased emphasis on economic stability make Mexico a viable alternative to those considering retiring outside of the United States.