Should I Move My Retirement Funds to Mexico?

Posted on March 28, 2014 by Retire Early Lifestyle

Do you know where to look into moving retirement funds to Mexico upon having citizenship??

Daniel

Dream, dream, dream

Hi Daniel,

It is our opinion that moving all of your retirement funds to a Mexican bank would be putting you at a currency risk. We would suggest that you keep your money in the US and access it through ATMs. Having a working bank account in Mexico with some of your holdings there would prove to be practical but putting all of your money in Mexico could expose you to risk that you would not need.

I would suggest becoming familiar with some Expat forums and see what others do in your circumstances. You can find this information on our Newsletters and Forums Page. Forums are free to join.

Good luck!

Best,

Akaisha

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About Retire Early Lifestyle

Billy and Akaisha Kaderli retired three decades ago at the age of 38 and began traveling the world. As recognized retirement experts and internationally published authors on topics of finance and world travel, they have been interviewed about retirement issues by The Wall Street Journal, Kiplinger's Personal Finance Magazine, The Motley Fool Rule Your Retirement newsletter, nationally syndicated radio talk shows and countless newspapers and TV shows nationally and worldwide. They wrote the popular books The Adventurer's Guide to Early Retirement (Your Simple Path to FIRE) and Your Retirement Dream IS Possible.
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