The cost of residency in Mexico is going up. You may be able to afford to live in Mexico, but do you meet the government requirements to stay longer than 180 days?
Welcome to Almost Retired in Mexico! In this informative video, Brighton and Sue Bell delve into the practicalities of living in Mexico as a retiree or digital nomad, discussing the affordability and financial requirements. They provide valuable insights into living costs, residency financial requirements, alternative ways to qualify, and recommendations for other countries to consider for retirement if Mexico doesn’t work for you. Join them for an in-depth look at the ins and outs of retiring in Mexico and beyond, and gain helpful tips for your retirement planning.
In this video, Brighton and Sue cover:
– Insightful analysis of living costs in Mexico, including rent and food prices, compared to other locations
– Detailed explanation of the financial requirements for temporary or permanent residency in Mexico and the impact of exchange rates on affordability
– Alternative methods such as bank deposits and property ownership to meet financial requirements for residency
– Comparative analysis of living costs and financial requirements in Mexico, Panama, and Nicaragua, providing valuable considerations for retirement destinations
Sue’s professional support services are for expats or foreigners in La Paz, catering to various needs such as assistance with setting up accounts and finding English-speaking doctors, getting residency in Mexico, offering practical assistance for a smooth transition to retirement in Mexico.
Contact Sue at SueCasaLaPaz@Gmail.com
Mexico Relocation Guide Requirements at Different Consulates: https://mexicorelocationguide.com/visa-requirements-for-mexico/
Support this channel by buying me a margarita over at https://www.buymeamargarita.com
The Mexico Relocation Guide is the perfect resource for moving to Mexico. We’ve partnered with them and you can get the guide here: https://visitwebsite.co/MexReloGuide
#retireinmexico, #expatlifemexico #lapazbcs
If you’re looking to retire in Mexico on Social Security, you’ll probably need to take one of the “loophole” routes.
00:00 Can You Afford To Live in Mexico
01:25 What things cost in Mexico 2024
11:53 Mexico Financial Requirements for Residency 2024
16:52 What to do if you don’t meet the Financial Requirements
21:26 Countries with Lower Financial Requirements than Mexico
