Saving for Retirement

Trying to figure out how much money you need to save for your retirement can be difficult. It might even tax your budget to save much right now. Are you worried you are not saving enough or that you are saving too much and it is hurting your lifestyle in the present?

One way to see how well your retirement budget stacks up is to give it a try. Make up a budget based on your retirement savings and simulate being retired and stick to the budget for a week or a month. Be sure to include all your expenses and make sure you are able to pay your utility bills, eat well, and still have plenty of money left over to spend on entertainment and incidentals.

You can find budget and inflation calculators online to help you adjust your expenses. By sticking to this budget you will be able so get a feel for what life will be like living at that level. Stop and consider how your future budget would handle an emergency expense. Suppose you had to replace a water heater or buy new tires. Could your budget handle it?

While living your pretend retirement, it is also a good time to think about the type of activities you will be undertaking. Will you travel? Will you do volunteer work? How will you keep yourself busy and occupied? Will your choice of activities cause you additional expense?

It may sound silly to do a simulated retirement, but you just might be surprised at what you learn. And when it comes to your financial future, you can’t do too much to make sure that you and your spouse will be well taken care of.

You can never start planning your retirement too early no matter what your age. Even if you just save a little, your savings will grow over time. If you stop and consider what your goals will be during retirement, it will give you an idea of the amount of money you need to set as a goal to save. Don’t make the mistake of thinking you will sit in a rocking chair and not have very high expenses. Since you won’t be working, you will have more time to travel and do the things you never had time for. Today’s seniors are living longer and are healthier and more active than ever. You should plan your budget expecting to live a long and active retirement.

Adjusting To Retirement: Problems And Solutions

Change is hard. Even exciting changes can prove difficult. Eagerly anticipated changes are still upheaval and therefore have the potential to be painful. There are different reasons adjusting to retirement may prove to be somewhat stressful. And with the average life-span continually increasing, most people can expect to spend more time in the retirement stage of life. In order to fully enjoy the ease of the retirement years, solutions need to be found for potential problems.

1. Problem: Retiring at Different Times

For couples where both work outside the home, its not unusual for one of the partners to retire before the other, which brings change and therefore a new kind of stress on the relationship. The partner still working may be jealous of the new-found freedom the other has. Or the opposite could be true in that the retiree may be jealous of the purpose the other still has in their life. Both partners can end up resentful of and hurt by the other as they both adjust to one of them retiring.

Solution:

Acknowledge and realize, as a couple, that transitions are scary, even ones as exciting as retirement. In the same way that all the other life-adjustments and stresses a couple has encountered before (such as kids, moves, job changes) have been opportunity for arguments and distance between them, the life-style change to retirement is no different. Tackle this new stage of life with the same commitment to communication, patience, flexibility, and compromise.

2. Problem: Boredom and Feeling Purposeless

After spending years with clear purpose and direction, retirement may feel void of direction or a big-black hole of purposelessness. Or what about those that may be able to find things to do around the house, but still don’t feel like they’ve accomplished anything truly worthwhile at the end of the day and puttering around the house feels pointless instead.

Solution:

Many retirees fill their days with the hobbies they’ve always wanted to pursue but have never had enough time, energy, or money to devote to before. But for some, hobbies aren’t enough to fill the now-empty days. Volunteering, part-time or seasonal jobs, and physical activities are a great way to get out of the house, feel useful, and continue to engage and challenge your mind and now-retired body. Retirement is a new opportunity to set and work towards goals.

3. Problem: Loss of Friends

Particularly for those who made many friends through the office and social butterflies who crave the interaction the bustling work-place offered, retiring can be lonely. Or for the retiree moving to warmer weather or to be closer to the grandkids, you have lost not only the human interaction from your co-workers, but also the social network and support outside of the office, such as church, neighbors, or clubs.

Solution:

Retirement means having more time available, and even though you might not get the daily interaction from surrounding co-workers, there are still many people out in the world, potential friends, waiting to be discovered, the trick is figuring out how to get to them. That might mean getting to know neighbors or joining a club (to match a hobby). If you already have a network of friends outside of work, but are planning on moving when you retire, why not consider a retirement community? Making new friends isn’t easy, but having so much in common with those nearby will help make the transition easier.

4. Problem: Forced Into Retirement and Financial Unknowns

Being forced into retirement because of company lay-offs can add the stress of financial unknowns. You probably thought you had a few more years to figure out a plan and a little while longer to build up your savings, and now it might feel like you’re being forced to develop a plan for how the rest of your life is going to look.

Solution:

If you don’t already, now would probably be a good time to create and stick to a budget. If knowledge is power, then knowing what your new lifestyle looks like in the checkbook will give you the information you need to take control of where you’re headed. That might mean a second career, part-time job, or just taking advantage of senior discounts. Downsizing is another way to begin to help retiree’s stick to a smaller budget.

Retirement — Why it Doesn’t Work

It’s hard to pick up a newspaper or turn on the television today without hearing someone talking about “planning for retirement”. It’s the “holy grail” of earning money, isn’t it? The ability to be able to stop working and sit down and rest for awhile. Refreshing, isn’t it?

Wrong.

It’s a flawed concept from the start. It’s an outdated concept from the early Industrial Revolution when employers told laborers, “Hey, if you’ll work for me for 40 hours a week for 40 years…then you can quit and get a gold watch and a pension.”

That plan hasn’t worked since the 1950’s. It probably didn’t work for your mom and dad and it’s definitely not going to work for you, either.

Here’s the good news: it doesn’t have to. I’m not saying that you have to work ’til you die. I’m saying that the concept of deferring your life’s pleasures until you’re 60+ years old is STUPID.

Consider Timothy Ferriss’ perspective from his wonderful book, “The Four Hour Workweek”:

There are at least three good reasons why the concept of “retirement” is flawed:

1. It is predicated on the assumption that you dislike what you’re doing during the most physically capable years of your life. [Tony’s comments: This is already an impossible situation. There is no logical reason in the world why anyone would choose to do something they dislike for 50+ years.)

2. Most people will never be able to retire and maintain even a hotdogs-for-dinner standad of living. Even one million dollars is chump change in a world where traditional retirement could span 30 years and inflation lowers your purchasing power 2-4% per year. The math doesn’t work. The golden years become a replay of lower-middle-class. That’s a pretty bittersweet ending, isn’t it?

3. And if the math DOES work, it means you are one ambitious, hardworking machine. If that’s the case, guess what? One week into retirement, you’ll be so damned bored that you’ll want to stick bicycle spokes into your eyes. You’ll probably wind up starting a new company. Or taking another job. Kinda defeats the purpose of waiting, doesn’t it?

So, what am I (and Ferriss) saying? That you shouldn’t aspire to have a life where you can relax and do as you please? Not at all!

On the contrary, my point is that you should begin living that life NOW. How much sense does it make to work hard for 40+ years so that — when you’re 60+ years old — you can finally start doing the things you want to do?

Life is not a dress rehearsal. Start living yours today

If Your Retirement Account Has Tanked, Then You Need to Read This! Why Buy and Hold Has not Worked

Just about every day we hear of people who have planned on retiring using their IRA, 401Ks or other savings to supplement their Social Security benefits. Even one of the commentators on CNBC (The NBC news channel) was reflecting on her own retirement fund and said, “It has gained nothing during the last 10 years!” I’m sure she is right!

Most retirement accounts, mutual funds, and other large pension funds are invested in the S&P 500 corporations.

Unfortunately, many, many seniors do not understand how their investments are being managed, or simply do not understand the basic nomenclature of the “so-called” investment gurus.

In fact, today, (12/4/2008) I heard a very prominent mutual fund manager who is extremely experienced and respected in the financial community state, “Do not sell your funds as I expect the market to turn around momentarily and produce returns of 10% over the next 10 years!”

He obviously gets paid whether your investments go up or go down, and he needs to keep as much cash in his family of funds as he can.

I disagree with his prediction and I will explain why, as follows.

First, let’s try to make the senior or novice investor understand what the S&P 500 really is, and why its members are so important to both the American economy and more importantly, to the welfare of the planned retirement community.

Why are most equity funds invested in the S&P 500? A summary of the definition from “The Wikipedia”, the free encyclopedia. . . The S&P 500 is the most widely followed index of large-cap American stocks. It is considered a bellwether for the American economy, and is included in the Index of Leading Indicators. Some mutual funds, exchange traded funds, and other managed funds, such as pension funds, are designed to mimic the performance of the S&P 500 index. Many hundreds of billions of US$ have been invested in this fashion.

Companies such as General Electric, Bristol-Myers Squibb, Alcoa, Apple Inc, Black & Decker Corp., and Home Depot are just a few of the more recognized of the 500 listed. If you want to see the complete list, click on this link: http://en.wikipedia.org/wiki/List_of_S%26P_500_companies

How has this group of funds performed for the past 10 years?

The following link shows a chart of data from Yahoo.com and graphically depicts the ups and downs of the S&P 500 performance. The overall chart is for 58 years. (1950 through 2008)

To see the chart, click on this link: http://www.cabinetsoflasvegas.com/S_P500Sum

Unfortunately, if you or your financial administrator invested in the index or stocks or funds that mimicked this index, you made no headway in your account during the last 10 years.

Will the volatility continue for the next 10 years? Obviously no one can predict the future, but there simply are better ways to invest than to buy and hold, and you can do it yourself with such a little bit of effort.

There are trading systems using funds that invest in the same S&P 500 stocks that have produced returns over 27.7% annually during the same 10 year period for which the “Buy and Hold” investors received 0%.

Remember the rule of 72. This rule states that to find the number of years required to double your money at a given interest rate, you just divide the rate into 72.

If your investment earns 7.78% return, like it did for 44 years, it will double every 9.3 years (72 divided by 7.78%). So, if your $40,000 investment had grown at 7.78% for the past 10 years, it would be worth $84,771 after 10 years.

However, if you traded the same mutual funds and received 27.7% return for the past 10 years, your account would be worth $461,285.

Isn’t it worth looking into a better way of getting your retirement fund back on track?

What Will I Experience During Retirement?

What will I experience during retirement?

I dare say that whatever your want your retirment experience to be, it will be, if you plan it right. What exactly is retirement? The dictionary defines it as “the act of retiring, the state of being retired b: withdrawal from one’s positions or occupation or from active working life. Everyone has their own idea.

Wikipedia defines it as “when a person stops employment completely.” It goes on to say ” …(or decides to leave the labor force if he or she is unemployed).[1][2] A person may also semi-retire by reducing work hours. Many people choose to retire when they are eligible for private or public pension benefits, although some are forced to retire when physical conditions don’t allow the person to work any more (by illness or accident).”  So you can decide what retirement is for you. 

For the purposes of this paper let’s say it’s when you leave your main source of income from a job at about the age of 55 or more with a different  source of income from that job or some other job in the form of a pension plan, retirement plan or social security benefits.  More than likely you are relatively young, active, and healthy and don’t plan to be sitting around the house.

So what do you want to experience when you’re “retired?”  There are many options. You can go back to work, on a different job, or the same company part time, or on your terms (this time they call you a “consultant”).  You can start that home based business you were always thinking about that excited you.  So you won’t be retired any longer or will you?  You decide.  Some people pick up new skills by taking classes or training. You can travel, visit family and play golf more often.  You can volunteer more time in your church or community and then there is that “project” that will take up most of your time and energy.  That entrepreneurship really looks good now. Your time will be your own. 

The important thing is to think about what you want to do, what you want to feel like, where you want to go. After the initial shock of it all and the emotional and psychological changes subside, your life will be your own.  Whatever you are engaged in now you will probably continue to do only in a bigger way.  Remember retirement is NOT a vacation it is your life! Think about the lifestyle you want and make your plans today.

Writing a Financial Plan on Your Own

Like anything in life, you need a plan to succeed. That applies to your personal finance too. No one is completely secure financially unless you have accumulated millions of dollars and decide to live off the nest egg for the rest of your life.

Unfortunately, for most people, they are unprepared for retirement. Financial planning is crucial in reaching your goals of retiring comfortably. But having say that, how does one go about writing a financial plan without any formal education?

Below is a quick step-by-step guide to writing your own financial plan. Of course, a professional financial planner may be able to give you a more comprehensive financial plan but this will be a good step forward in understanding your needs and clearing some stumbling blocks.

1. What Are Your Objectives?

Don’t be afraid to dream – you only live once. Think about the size of the home, the education, your family, etc. Just pen these thoughts down of how you want the future to look like. Once you list down your ideals, remember to factor in mundane issues like kids education, insurance, etc.

Your goals should include:

* Education. Regardless of your age, extra education and training are needed either for a career switch or self-improvement. A lot of people are taking college courses (even with teenagers) or upgrading to an MBA to climb the corporate ladder. Even if college education is out for you, you still have to plan for your children’s college degree, unless you intend to leave them to their own devices.

* Career. What field do you desire to work in? Is it a creative job or a typical 9-5? Or do you want to be your own boss? Do you want to create multiple source of passive income?

* Lifestyle. Is work or family more important? Are you contended with “simpler living?” Do you desire a Porsche or BMW? Do you want to live in a mansion, a seafront house, etc? Do you have expensive hobbies life golf? These all cost money so tabulating the expenses and matching it to your income is necessary to achieve your lifestyle goals.

* Retirement. Don’t forget about retirement. It is a moment when you lose your income. So how do you want to live while retired? Will you downgrade your house, live with your children, or move to a retirement community?

* Insurance. Nothing is certain in life. You need to be insured for worst case scenarios. Every financial plan must have provisions for insurance.

These objectives may seem daunting but they need not be wishful thinking. The actual money set aside could be much less than you think, if effective financial planning is involved.

2. Plan Your Income

Of course, your financial plan isn’t just about your dreams. How are you going to pay for it? I assume you don’t have a sugar daddy, so you should be following a life of employment. Most people have their career path charted in this format – go to college, get a job, work hard up the ladder and retire.

There is nothing wrong race except there is high uncertainty in today’s globalized environment. People change jobs all the time due to layoffs or to seek fresh challenges.

Instead of a day job, you can consider starting a businesses or becoming a freelancer to sell your skills. Business isn’t just for those with money, MBAs or connections. You can start a home business to mange lawn care, making money online with a website or a vending machine business.

Besides becoming your own boss, you can find other income through network marketing or investing.
Investing is efficient in building side income as it is simply growing the money you already have. You can buy gold, stocks, bonds, real estate, etc.

Regardless if you are a business owner or an employee, you should not let your money sit idly under your mattress. Even putting your money into an online savings account is more profitable.

3. Writing Your Financial Plan

At its core, a financial plan is a lifelong budget. You’ll be budgeting not just your next paycheck, but for your entire life. Planning involves knowing how you’ll get there and when you’ll get there. There are no hard and fast rules.

You have to be rational enough to assess your current situation, creative enough to see what is possible, and have the integrity to follow through with the plan. Remember, just because it’s on paper doesn’t mean it will happen – you have to decide to follow through and live up to your goals.

Get started by doing the following:

* Timeline. Establish where you want to be in five years? Ten? Thirty? Fifty?

* Research necessary costs. Your current “bills” plus 5% inflation per year. Don’t forget to factor in life insurance, health insurance, car insurance, etc.

* Research luxury costs. What you “want” to do. Cruises, nice cars, nice house, etc.

* Plan income strategy. For most people, they start with salaries. But don’t forget that your job isn’t your only means of income. Starting a side business, a money making hobby, or even making money online are viable options for extra income.

* Plan Investments. Investing is simply a must to counteract against inflation. You can invest in anything. Just make sure you know what you’re doing, and don’t put all of your eggs in one basket. As you age, financial security should become more and more important.

Try to factor in every cost and possible incomes. Whenever you aren’t sure about the numbers, be conservative. Also, bear in mind that a financial plan is ALWAYS about your goals. It’s not just about the money – it’s about getting what you want out of life. Money is just the tool.

Designing a New Paradigm for Financial Planning

We have planned our retirements pretty much the same way for the last 30 years but maybe it is time to design a new paradigm for the future.

What do we mean by the word paradigm? The dictionary defines a paradigm as a set of assumptions, concepts, values, and practices that constitutes a way of viewing reality for the community that shares them, especially in an intellectual discipline. In other words, a paradigm becomes our TRUTH. We accept it as fact until we believe it otherwise. It is our way of viewing reality and everything that agrees with it we take as true and everything that contradicts it, in our mind, is rejected as false. Sometimes we learn that our paradigms themselves are false (think of the discovery that the world was round) and we then have to create new paradigms and fit the new facts within them. It is lucky for us that we can do this, because if we were unable to make these adjustments we would have a hard time with change. Because we are reasonable beings, we can take new information and adapt it to new circumstances allowing us to create, evolve and progress.

So, what is the set of assumptions we have been planning with up to now? There are two basic assumptions that I see are in need of immediate evaluation:

1. Saving money in a tax-deferred environment is prudent planning.

2. You will be in a lower tax bracket when you retire.

Let’s deal with the second assumption first as I feel it is what has been driving the first assumption for a long time. In every seminar I give I ask the participants if they think taxes will be lower, the same or higher in the future. Without fail 100% of those responding agree that taxes will be higher in the future. Now there are many reasons why we believe this is so but let me enumerate just a few:

1. People over age 65 will nearly double in the next 30 years (from 12% today to 19.4% in 2030)

2. Our governmental debt ($7 Trillion) and trade balance of payments ($617 Billion) do not favor lower taxes

3. Social Security, Medicare and Medicaid are headed for huge deficits (up to $70 trillion by some estimates)

4. We have fewer deductions once we retire (no children and low or no mortgage interest write off)

Laurence J. Kautlikoff, Professor of Economics at Boston University and author of the book “The Coming Generational Storm”, has done the accounting, looking out several generations, and he concludes that “After calculating the immediate and permanent federal personal and corporate income tax hike needed to achieve generational balance; the requisite tax hike is a whopping 69 percent!” There are plenty of other authors out there saying the same thing which leads me to agree with my seminar attendees, that income taxes are going to be higher in the future.

Assuming you are still with me and that you agree with the forgoing assumption (if your paradigm allows it), we need to examine the thinking behind assumption number one, that saving money in a tax-deferred environment is prudent. First, we need to look at what deferred growth provides us. One of the reasons financial planners have been preaching deferred growth for so long is that you can accumulate more real dollars in a tax deferred environment than you can in a taxable environment. If your money isn’t being chipped away at with taxes every year, you can indeed end up with more dollars in your retirement account.

However, all you have done is to defer those taxes to a day when you thought you were going to be in a lower tax bracket, thereby allowing you a larger income in retirement.

Are you starting to see where I am going here? What we have unwittingly done is create a retirement plan for Uncle Sam, not for us. If we are in fact going to be in a higher tax bracket in retirement, we will end up with less real dollars in our pockets and Uncle Sam will end up with more in his. Let me give you an example that makes this real:

Assume you are in a 33% tax bracket and that you have saved $4,000 per year for 30 years in a tax-deductible account (a total of $120,000). If your account grew at 8% per year your account would be worth about $500,000 at the end of the 30th year. Over those 30 years you would have saved $1,320 per year in taxes or a total savings of $39,600. Now assuming you stay in the same tax bracket in retirement (although it could be a higher one) and you take out 6% of you retirement account each year, you will have an income of $30,000 on which you pay 33% in taxes ($9,900) to net $20,100 in spendable income. If you look, you can see that it would take only 4 years in retirement for you to exhaust 30 years of tax savings ($39,600 / $9,900 = 4).

For every year after four in retirement you are creating Uncle Sam’s retirement plan. On top of that, if you need $30,000 to live comfortably in retirement you will need to take out $45,000 each year in order to net the $30,000 you need to live on. You had better be earning at least 9% in your portfolio or you will run out of money before you run out of life.

Have we been duped? We were convinced that deferring the taxes was a smart move. What if we were farmers and the government came to us and said, “You have a choice. You can choose to pay tax on your seed or your harvest, which do you want?” We would most certainly say, “We will pay tax on the seed”. We understand that tax-free beats tax deferred all day long. In the example above, we will have increased our retirement income by 50% if we are able to access and spend the full 6% of our saved dollars without being taxed on it.

Wouldn’t it make more sense to create a tax-free retirement plan, or at least try to cut some of Uncle Sam’s take? We can do that, although the number of instruments is narrow, if we start adopting this new paradigm. Here are some of the things you can do right now:

1. Change your 401k contributions so that you are only capturing the company match. No reason to create a larger taxable harvest than necessary.

2. Fully fund a Roth IRA if you are eligible.

3. Fund an investment grade life insurance policy that can be accessed tax-free in retirement.

4. Optimize idle assets, like home equity, to fund your tax-free vehicles.

If we start educating ourselves in this new way of thinking we can create a successful, long retirement and remove some of the burden on our children and grandchildren.

Source of Income When You Retire?

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Source of Income When You Retire?

A retirement pension planning always assures you a good and luxurious life, even though you are not earning. With retirement and employee pension plans you do not retire, rather you get a leisure period to enjoy the life to the last moment! You must go through this stuff to understand why people are more interested in early planning for retirement.

First of all you get independence. You don’t have to be dependent on others. In-fact in our society, we often see that a retired person is assumed a luggage by other family members and retired persons are often denied their basic requirement for living a luxurious life. Second point may be summed up as “the skyrocketing prices often tend to dump even the well salaried person”.

Due to inflation and frequent changes in economic policies every working and retired person experience trouble in living a smooth life.

Current Market analysis and survey report reveals that only 30% of earning community has insured a retirement plan. For the remaining 70% people life may become really tough without retirement pension planning. So you might have got a horrible portrait of people who have not invested for pension planning. While insuring a retirement plan you must look for various factors too. These factors may be summed as the total return on saving, whether disability pension plan is offered or not and whether there are defined pension plans or not.

Happy Retirement Pension planning!

 

 

How To Choose A Retirement Home

Choosing a retirement home can be a rewarding experience. With the freedom retirement brings you have many living options available to you in Florida.

You must first determine the investment that you want to put into your living accommodations. How much time do you want to invest in the upkeep of your living space? Owning a home requires the most commitment as you are responsible for the upkeep and appearance of the grounds. If you live in a retirement community with deed restrictions then there are going to be particular standards that you are responsible for observing and keeping concerning the appearance of your home. If you do not want to commit to that level there are other options, such as villas or condos that usually have association fees that cover the general upkeep of the external of the structure. The downside for a villa or condo is the forfeiture of space as you are generally in close proximity to your neighbors and sometimes sharing adjoining walls.

The process of choosing a retirement home though extends beyond the home itself. Florida offers a variety of communities with a wide variety of living styles. Part of choosing a home is determining the pace of life you want to live each day.

There are active communities, comprised of independent seniors who are seeking to structure their daily activities according to their desires. Included in this group are recreation communities that generally revolve around country club living with golf, tennis, swimming, and fitness.

Other options comprise more structured communities that sometimes provide additional living assistance if needed. These communities are less independent but give support to the retiree as needed. For some seniors this is a welcomed security from day to day to be able to fall back on a more structured environment.

As you can see, the community you are looking to live in will also play a vital role in determining your retirement home. Putting these things together is an important part of the process of planning your retirement and finding that perfect place to settle down.

Yucatan Real Estate – Up-And-Coming Retirement Destination

Are you considering a Mexico Retirement? Have you considered a Yucatan Real Estate purchase, in the city of Merida for your retirement? While Merida and the surrounding communities in the state of Yucatan have not yet become a favorite for American and Canadian retirees, they show all the signs of become one very soon. Those looking for an affordable retirement, with all the comforts of warm weather, excellent health care facilities, great shopping, and many other conveniences of modern life, will do well to consider Merida Real Estate for their retirement.

In Merida, there are currently hundreds of Americans and Canadians who have chosen this colonial city as their home because of the warm weather, inexpensive cost of real estate and day to day expenses, as well as top-quality health care available at much more accessible prices. This combination presents the elements needed for ideal retirement.

While Merida and the surrounding Yucatan area most certainly offer more expensive homes around $500,000 US and up, it also offers something that’s much more appealing to retirees these days. More accessibly priced homes in Merida can be found for as low as $50,000 US for those who have the time to invest in a renovation; for only a little more properties can be found that are ready to be used as vacation homes until the big day comes, and can double as a rental income. Property management companies make this kind of income very easy and accessible.

Life in Merida is most certainly life in community. For retirement, it is important to know that communities in Merida are truly neighborly. In addition to the existing community of expats, Merida is a place where Americans and Canadians can enjoy a healthy relationship with their Mexican neighbors as well. There are many opportunities to be involved in the community; in terms of activities, there are many places to shop, dine international and local food, visit art shows, museums, live music concerts and much more. There are also many ways to contribute to the community. A recent jazz concert hosted at a nearby beachfront village, and sponsored by Mexico International (the office of TOPMexcioRealEstate Network’s Merida broker), donated all funds to a local school in a less well off community.

Merida’s health care facilities are likewise considered to be the best in this part Mexico and beyond, drawing clients from central America. As Merida realizes its potential for retirement living, a recent meeting between city and state officials with businessmen and investors indicated that the next few years will see a special importance placed on investment into hospitals and care facilities specially focused on retirement.

All of these benefits are available in Merida at a considerably lower cost of living compared both to options back home and other locations within Mexico. This is important for planning retirement and being sure that retirement savings will go as far as they possibly can.

Experts predict that by 2012, there will be at least 100 million Americans either retiring or planning on retirement; those who want the best retirement lifestyle at accessible prices will be buying real estate in places like Merida.

TOPMexicoRealEstate NETWORK; Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

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