Retirement; like your parents, but way cooler
In 1991 Billy and Akaisha Kaderli retired at the age
of 38. Now, into their 4th decade of this
financially independent lifestyle, they invite you
to take advantage of their wisdom and experience.
Why Are Millionaires Flocking to Mexico?
(and Non-Millionaire Retirees, too!)
Billy and Akaisha Kaderli
According to the Mexican Government, around 1.1 million expatriates lived in
Mexico as of 2020. Of those, about 700,000 were from the United States, making
Mexico the #1 country worldwide for American Expats.
We have listed a dozen reasons below why Mexico is attractive to those with
plenty of money, and also to those who donít have that much.
Panoramic view of Guanajuato City
While there are many
reasons to move to Mexico, the Number One reason people come here is for the
freedom they experience.
With less regulation on all
fronts, critics might think that Mexico is a lawless frontier.
Mexico is still a place
where one can walk the beach with a beer in hand. We can give a homeless person
food without filling out countless forms to gain permission or explain if there
is mayonnaise on the sandwich or have the food rejected because it's not in a
paper bag. While we personally are not smokers, an individual who chooses to
smoke can do so without being read the riot act or be subjected to invectives
about their personal worth as a human being.
Many medications can be
purchased over the counter without a prescription. One can afford medical care
and not be forced into buying an expensive health insurance policy that doesn't
coincide with their personal health approach. Homeopaths, Naturopaths,
Chiropractors and those who practice acupuncture or massage can be found
easily and their services are affordable. One can walk into a lab and order an
x-ray or a blood test on their own without a prescription.
There is respect for the
elderly and those over 60 are not invisible. People who are chubby are not
judged and can easily find someone to date or marry. People on the street say
hello and good morning to complete strangers, and men still tip their hats to
women. The young offer their bus seats to those of us who have more years than
People say "excuse me" when
they walk in front of you, and it's perfectly safe to walk through a group
of teenage boys without fear.
Common sense is common.
Some are moving due to political climate at home
The world is changing, no doubt. Many have chosen Mexico to get out from under
the tense political climate back home.
Mexican culture is lively and accepting and itís a breath of fresh air to live
here. Smaller towns, especially, are like Norman Rockwell paintings.
cities offer fabulous diversions away from home country political pressure.
There are museums, international dining, hiking, cultural events, music, art and
volunteer opportunities too.
caution here, is to not bring the "old" political attitude with you when you
move. Grow into the easy and the pleasantry here in this country.
Zicatela Beach, Puerto Escondido
Having money or not, your quality of life should expand over what you are
experiencing now in your current home town. The cost of living is such that you
will get more for your money and your nest egg will go farther.
Truthfully, depending on where you might choose to live, purchasing a home can
be expensive, but rents are cheap. And if you are at retirement age, you might
find that putting your money into ďlivingĒ versus ďhousingĒ
might be the better choice, anyway.
In either case, gardeners, housekeepers, maintenance people and supplies are all
cheaper than you will find in the US or Canada. In
Mexico, a housekeeper runs about
$6USD for 2.5 hours. In Ajijic, Mexico - another popular Gringo town - it is twice that price, but still not
A Jimador in the agave fields harvesting
for tequila production
Legalities of permanent status are easier
Getting a permanente or a temporada card is easy to do. While some choose to
fill out the paperwork themselves,
having a lawyer
arrange for this is also
residency is based on your annual income
and/or net worth, and the threshold is easy enough to
meet. The requirements for getting a temporary card are lower, and after
renewing annually for 5 years, the temporada moves into becoming a permanente.
If you have your own stateís driverís license, you can use that here in Mexico,
but if you are not able to renew it, you can obtain a Mexican driverís license
in its place.
So long as your present driverís license is still active, you will only need to take the
written exam of 10 questions. You won't have to perform a driving test in the
Caleta de Campos Beach, Michoacan
One can live on Social Security alone
While itís always great to have more money, one can easily live comfortably on
Social Security. The average SS check as of 2021 is $1,658. Rents are
$300-$600USD per month for a one bedroom or a casita. So, those who are on a limited
income can readily find a comfortable place to live and still have money left
over for a social life and medical expenses.
who actually are millionaires, one can live like royalty in homes with
lake views, swimming pools, 3 and 4 bedrooms, plus house and garden help - and
they can still keep their millions.
Yes, Mexico is a foreign country. However, our ability as Norte Americanos to
adapt to these perspectives can be far smoother than with cultures with which we
have less in common.
many similar holidays, perceptions and values run concurrent with those we
already have. The time zones are also similar to the US and Canada, making
contact with family members on Zoom, Facetime, or Skype a breeze.
Weather is better Ė geographic choices
No matter if you enjoy having four seasons or prefer a tropical climate, Mexico
offers it all.
There are beaches, international cities, small towns, and mountain areas. There
is something for everyone.
Piles of corn in food market, Patzquaro,
Variety in food choices
We have traveled around the world, and some countries cannot really brag about
their style of cooking. There are regions which boil everything and donít add a
sauce, herbs or spice to make any distinctive flavor. Then there are other countries
which overdo it with spices and culinary heat so one
must be careful what you order.
In the Goldilocks version of food choices, Mexico is just right. Contrary to
what one might think, not all Mexican food is spicy, and the variety is
astounding. Not only that, but international restaurants are ubiquitous.
Flights within the country of Mexico are very affordable
One can purchase a one-way ticket to fly to just about anywhere in Mexico.
For instance, weíve
gone to Puerto Vallarta for $35.00 USD, and to Merida for about the same. With these
prices, travel throughout this large country is within reach.
Also, the first-class bus system in Mexico is clean, affordable and on time.
With air conditioning, reclining seats and your own private entertainment
system, bus travel is very comfortable. With the INAPAM (senior discount) card,
(you must be a resident and 60 years old) bus tickets are half-price, and many museums, aquariums and tourist sites are
free or at a discount.
Mural in Huautla, Mexico
International airports make it easy to travel back to visit family
Mexico City, Monterrey, Los Cabos, Tijuana, Toluca, and
General Heriberto Jara are all international airports. So, if you want to travel
to other destinations in the world these accessible airports make that easy to
to visit family is convenient as well with travel being only several hours
instead of overnight trips with 3 connections.
Mexico City, Mexico
Fresh food is cheap and available
Mexico produces a lot of food for its inhabitants.
Whether itís chicken, beef,
pork, seafood or tropical fruits and vegetables, delicious fresh foods are
abundant, affordable and accessible.
The Picana, an Argentine grill favorite
reason to move to Mexico is very attractive.
cities such as Guadalajara, Mexico City, Morelos, Merida,
have modern hospitals and equipment. Westernized medicine is top grade with
human care being an emphasized feature that has been lost in the States.
government insurance policies that one can qualify for if you are a resident,
but for most things, paying out of pocket is affordable and won't break the bank.
is perfect, and Mexico isn't for everyone. However, with the reasons
listed above, perhaps there are enough of them for you to take a chance and make
About the Authors
Early Lifestyle appeals to a different
kind of person Ė the person who prizes their
independence, values their time, and who doesnít
want to mindlessly follow the crowd.
Retire Early Lifestyle Blog
About Billy & Akaisha