Expat Life and Assisted Living in Mexico

Join Emily Bron, owner of International Lifestyle Consulting, in this insightful live stream featuring Adam Ellzey from AE Retirement Solutions. Discover essential tips on retirement planning, asset protection, annuities, life insurance, and maximizing your social security benefits. Whether you’re near retirement or already in it, learn how to better prepare for this life-changing event. Don’t miss out on expert advice that could shape your retirement journey! Subscribe for more valuable insights.

TIMESTAMPS: 

0:00 Introduction to Guaranteed Income Options
00:24 Meet the Hosts: Emily Bron and Adam Elsie
05:21 Why Choose Mexico for Retirement?
09:40 The Immigration Process to Mexico
15:24 The Benefits of Living in Mexico
18:28 Healthcare and Long-Term Care in Mexico
20:46 The Importance of Guaranteed Income in Retirement
26:38 Preparing for Relocation to Mexico
44:26 The Impact of Climate and Culture on Health
48:27 Contact Information and Final Thoughts

Adam Ellzey: When we’re talking about guaranteed income, really you have three options. You have social security, you have pension, and you have an annuity. Those are the three options for guaranteed income for the rest of your life.

Emily Bron: Hello. Hello, everyone. It’s Emily Bron owner of international lifestyle consulting. I’m speaking from my live streaming studio. And with me today, my dear guest, Adam Elsie. Hi, Adam from Kansas United States. And I will give Adam opportunity to introduce himself and again, today we are speaking about retirement, retirement in Mexico, and how better to prepare for this actually life changing event.

So Adam. Please introduce yourself.

Adam Ellzey: Yeah, I’m Adam Ellzey. I’m with AE Retirement Solutions where I specialize in helping people near and in retirement protect their assets, basically. And so I, I do that a lot with annuities and life insurance if it’s the right fit for an individual, as well as just help them understand their social security benefit and learn their goals and just Whatever I can do to help achieve their goals with retirement.

Emily Bron: Okay, thank you. And I will shortly introduce myself for some people who see me as the first time. I’m Emily Bron. I’m speaking with you now from Toronto, Canada. I am owner of International Lifestyle Consulting and I’m helping Americans and Canadians to find the best matching place for relocation, relocation abroad.

And Mexico is number one country in my list of countries I’m working with. I myself relocating to Mexico. So today we are speaking with Adam about how each of us Can help people who are considering relocation, considering retirement abroad how to prepare for this a really life changing events and both of us wish the best for our customers.

So. I probably need to start from the question actually why I decided to relocate and probably why I am I’m living in Canada for 26 years living and working and you know, climate in Canada, not the best one, especially in winter. And over the last years, many of us experienced.

Actually new events like Cost of Living is going up. It’s not exactly new, but it became really obvious for me and for many people around that cost of living prices and, different events around us prompting to think about where we will be spending our time in retirement.

Actually, I think every person after 50, 55 planning for the next chapter of the life. I am a avid traveler. I was traveling before in more than 40 countries and was working in travel industry as well. And I knew that North Americans Americans and Canadians like to spend time and actually have already expat, established expat communities in such countries as Costa Rica Panama and Mexico.

So I myself over the years traveled in these countries looking for information in in regards to relocation because there is a difference between the time when we are spent during the vacation and the different Aspects of life that we need to consider when we are relocating and all this I was thinking about where would be better for me to relocate.

I shared this information with people around me. I collected information and connections in these different countries. And I decided to share it with other people because I, I know that many people in like baby boomers and people even pre retirement age, are thinking about.

How to stretch our social security our pension, our saving, and actually where we can spend our time in retirement without compromising our lifestyle, which we used to have back home.

Adam Ellzey: And so, Emily, you’ve, you’ve done so much traveling and you’ve been to so many different places. Why Mexico?

Why did you choose Mexico for your, your destination for retirement?

Emily Bron: Yes. So we get to the point, why Mexico? First of all, Mexico is close. The most, like, it’s a country bordering with United States. With Americans for Americans it’s really Simple. Many people just crossing a border by driving.

Even Canadians are driving from up north. You don’t need flights. Mexico is part of actually we have three country agreements and many things with Mexico. As I evaluated comparing these other countries really simple to achieve, like immigration process is very cheap sorry, very simple and cheaper than you know, comparing this process, immigration process in Panama and Costa Rica, cost of living.

It’s depending on the place in Mexico and in Canada and United States, but around 50 percent or sometimes even 30% with cost of living we have in United States and Canada. In Costa Rica, property are very expensive and actually cost of living. Approximately the same as in United States, just by the way, there’s a lot of you know, benefits and people like Costa Rica, but when you when I was you know, having my list of important factors to consider for me, it was.

Still to be close to my home in Toronto, and I have children here, and I believe many of other people have family, friends children, grandchildren, maybe business back home, so Mexico has a lot of airports that, We can fly or, or drive from directly to Mexico. And Mexicans are very welcoming.

Other, you know, people in other countries are welcome as well. But Mexicans actually historically used to accept people from different countries and cultures and. As of 2019, even before COVID, official stats was actually saying that around two millions of Americans and Canadians, approximately a million and a half Americans and half a million of Canadians living in Mexico.

Full time meaning officially living, meaning they have temporary or permanent residence and not to speak about people who just traveling, you know, as a snow birds it’s known As well as that many Americans and especially Canadians like to spend winter in Mexico.

And people do it with the travel visa because we have up to six months to spend in Mexico with travel visa. But more and more Americans and Canadians over the last years actually make decision and move to Mexico purchase properties, you know, establish their lives there. And by the way, one very important factor to consider its health system and price for medical services is actually affecting Americans.

Lately, I know the price increased and people are concerning about it. In Mexico private system is very reliable. And prices fractions, a fraction of the price people paying in United States, depending on what procedure. So all these factors actually brought me to decisions that Mexico is good place for me.

Adam Ellzey: Very nice, very nice. So, maybe one thing that I’d like to, to learn is… Say that I’m a retiree and I’m, I’m wanting to go to, to relocate. And so I think Mexico is a good fit for me. I, I visited many place, many places. I, I have an idea of where I would like to relocate. What would you say the process for somebody would be to, to start that process of, okay, I, I know my area.

that I want to relocate to now, how would I, how would I go about doing that?

Emily Bron: So if people already really decide that know enough about Mexico and decided what would be better place, best place for them I would recommend to start with the immigration process and immigration process for in Mexico case.

It’s very simple. You need to start in country you are living, meaning. in United States or Canada to find consulate, which is close to your state. And I think almost in many capitals of state there’s a representation. Consulate of Mexico, like I’m not sure about Kansas, but in Canada, almost in every province, there there is a consulate so I believe in United States as well and application so people can and should actually Search online on application.

It’s in English pretty clear stating what kind of documents should be provided. And I can tell just in a couple of words what Mexico wants just to prove that the people are economically… You know, self sufficient so it’s usually it might, the amount might be different from consulate to consulate but usually what they’re requiring certain amount to be provided as pension income, like guaranteed pension income, that’s why annuities and social security, it’s actually a very good source of income, which already may help people to get eligibility or some certain savings on account and if people are providing this information and to fill application uh, it’s how it was in my case in case of other people in some, after some time they invited the To interview, and it’s very actually to bring the papers to show them because you submit them and after them, you bring the paper in my case, and it was in the COVID time.

I even didn’t get the interview. It was kind of very straightforward process.

But this visa visa, like in consulate you get your first visa, like you know, paper stamp, paper stamp on the passport. And during the six months from this date you need to land to Mexico or drive to Mexico and finish the process on Mexico soil. So you start in your country and you finish.

In Mexico if people have any issue problems or if people don’t know what is a better place for them to relocate or have any questions please connect directly with me. I will try to answer all questions and actually to connect with a legal team if it’s, you know, above my.

I’m not the lawyer I know about the steps, but I’m also connected with legal team in Mexico, who would you know, clarify any additional questions.

Adam Ellzey: Cool. So would, would people typically go there with their visa and then finish the process prior to buying a house and, and really getting established to make sure that everything is set and okay, or what have you found is kind of the standard procedure for that?

Emily Bron: You know, I would not recommend to buy house immediately. Even people have, you know, different opinions in this regard. But I found myself that on my own experience and an experience of Many other people who already relocated when you newcomer, it’s better to rent, you know, at least six months or a year.

It’s a new place to be sure that it’s a you know, cities that satisfy all your need and to have time to look for the property. I know that some people buying for investment and it’s a different case and here like I can recommend some areas or connect with you know, a real estate provider, but I’m not working for a real estate but actually it’s two different I would say processes which can work together or not.

You can buy property in Mexico without being a resident as a foreigner, as many people do. They buy property and after then, you know work on immigration process and you can do your immigration. What is important to get stamp and it can be temporary residence or permanent residence, depending on you know, funds you can prove for Mexican consulate and sometimes depending on your desire, because some people are not sure it’s what they want and temporary.

You can live For four years, one year and three years just to look, you know, to feel maybe to move from place to place until you found your place and permanent residents actually give additional benefits, but you can apply later on on permanent residents. And during the couple of years I think people get to conclusion somebody earlier, you know, to buy home to rent.

So, sometimes it’s, it’s working together and there are many people now, professionals in Mexico who are helping, you know, with all these steps. Immigration finding property, buying property, maybe even establishing business because some people are looking for business opportunities and Mexico provides business opportunities.

Adam Ellzey: Very nice. And so when we’re thinking about stretching our dollar in Mexico. What, what is your thoughts as far as when you’re moving to Mexico? How do you see your dollar being stretched?

Emily Bron: Look, if first of all, property price. Now we, we, we speaking again about property like for 100 say American dollars.

You can buy proper home, really good home, depending on the area. So you have, so what people do, some people even like in Canada, we have very high pricing for real estate. You can sell your property and, you know, buy two homes or, you know, one home and invest the rest of your money. But next medical services like.

at least 50 percent sometimes 30 percent cheaper than in the United States. You know, food, all bills taxes. I can tell you from my experience. I have property in Mexico, because I invested before I didn’t think about relocation. Actually, when I did it, it was my business opportunity at this time when I was going around and investment for the business.

But for 100 square meter a home, like three bedrooms, three bathrooms in Playa del Carmen, which is pretty good, like known area in Riviera Maya my property taxes for the year. $250 for the year. So here’s the saving like, and maintenance and it’s you know, kind of subdivision already completed new subdivision and maintenance around 40.

So when you put you know, this pricing and by the way I, I have like Excel and calculator special document, which helping people to calculate possible expenses. So people really can get better lifestyle in Mexico on social security. Or some savings because like when I look at our Canadian like basket price, so just even minimum person with pension even with pension plan and saving hardly.

Can kind of feel comfortable and say I, I in Mexico for the same money. So speaking about social security or CPP I in Canada plus saving you really can afford. Much more and even help at home and many I know retirees can, can afford the help because you know, to get the helper, it’s really not expensive in in Mexico and they really doing a good job, I mean, to have you know, somebody to help you with landscaping or some work at home.

It’s very affordable.

Adam Ellzey: Yeah. And so, I hear these, these health savings anywhere from 30 to, to 50% if I’m retiring in another country, that’s gonna be, the, the health system is extremely important to me. Obviously.

Emily Bron: And, and so… Especially when you exist in another country.

Adam Ellzey: What, what is your experience with the health system in Mexico at a, at a discounted price?

Is it, is it something that is, is typically a a good health system, something to rely on?

Emily Bron: No, I can tell you that Mexico actually, as well as other countries in Latin America for years already known as medical tourism destination. What does it mean that people from United States, Canada, and…

Other countries, even from Europe coming for the dental work, which is pretty expensive in our both countries. And I did actually all my dental, I have dentist in Mexico who I’m coming to my all like implants and and work was done actually in Costa Rica. years ago, but now I have professional in Mexico and it’s not only dental.

They have very good clinics with very professional, you know, with very good equipment. I even found, I don’t know how in the United States but you know, top notch tools for x rays for and, and the prices kind of very, very affordable. What I like in Mexico is the care. The doctor really…

speaking with you He, he spent time asking required questions. And like I’ve had just experienced like surgery in Mexico and, and, and nurses are very kind of I really care about you. It’s the experience, even for the same price, say doing the procedure like I’m speaking about Canada, my personal experience, I prefer to do it in Mexico, not only because of money.

It’s really good service.

Adam Ellzey: Oh, very nice. Well, that’s good to know. That’s great. And, and so when I think of, of moving to, to Mexico and, and to me, it, it would be real important to have guaranteed income and have guarantees coming in. And so a lot of times when I’m working with somebody nearing retirement, the first thing that I look at is their, their social security, that’s going to be one of their, their larger guaranteed income streams that they’re going to receive for the rest of their life.

And when we’re talking about guaranteed income, really you have three options. You have social security, you have pension, and you have an annuity. Those are the three options. For guaranteed income for the rest of your life. And so when I’m working with somebody, I always recommend that they go to the social security website.

SSA. gov and find out what their earning report would potentially be at age 62 at full retirement age, which is typically 67 as well as deferring all the way out to 70. And just really seeing what that amount is that you would receive from the social security. And then when you’re also looking at expenses and using that spreadsheet that you have to help calculate expenses, any remaining expenses I think would be very beneficial to have covered with a pension.

And if you do not have a pension, then potentially having a, an annuity to have guaranteed income. And it sounds like that the countries that your people are relocating to, it’s really important to them that. They do have those guarantees in place of income. That’s going to be sufficient when they come down there, because the last thing that you would want is to be in this other country and run out of money.

And so a few things that come to mind when I think about relocating with an annuity is that I know that a majority of the annuity carriers will not. Send your check to a bank in another country And so it would still be important to have a bank in the US That the the money can still go through there and move to the the other country another thing that kind of comes into mind too is that with a lot of these annuities you have long term care benefits which basically would double your payment if you were to go into long term care And I know that the medical benefits would only be covered with a a hospital in the US and so, those are a few things when looking at the benefits of the long term care. And, and I think that that Medicare, though Medicare has benefits where You don’t have to just use it in the US is that your understanding as well?

Emily Bron: I, I’m not specialist in Medicare and as not actually not American, but I was speaking with several medical professionals in Mexico who are working with medical insurance in private hospitals.

And they told me that there is some there is some option in Medicare, which actually covering people for emergencies, not for all for emergency, which is very good. And I, as I was speaking with American expats, they told me that even they have some Insurance in Mexico, they also keep the Medicare just just in case.

So it’s kind of a good combination, but every case is different. So again I would, I would connect person for this particular question, or maybe, you know, I will invite insurer medical insurance professional to one of my next streams to speak it’s the, for, for Americans specifically, because for Canadians, it’s a different, like, we don’t have coverage anyway, so our options are ought to buy insurance in Mexico, like medical insurance, or, or actually many people prefer to pay out of the pocket, even Americans, and they think that it’s it’s cheaper and more convenient. But people are different.

Adam Ellzey: And plus, I mean, they’re so, they’re so close together that if, if you ever needed to, for any reasons to go to back and forth or, or anything that you’re, you’re always able to do that.

I think that’s a big benefit that you get with Mexico is that it is, it is still close, but it’s

Emily Bron: some. Yeah. Yeah. It’s what Americans were telling me that like we keep Medicare in case we need it, or we visit our family. And again, I understand that it’s very serious decision. And at the beginning, some people are relocating, say, part time, you know, for the winter, for…

Six months and going back and forth those, you know, decision is mature and people already feel comfortable in Mexico and in new place. So, so it’s wise to have Medicare and I think maybe I will touch even Couple of points how to prepare for, for, for relocation because there are several aspects and obviously it takes time and the people can connect with me and I’m preparing now webinars on the topics.

If people would be interested and I hope I would, answer many particular questions during the webinar.

But what people should to consider, first of all we need to start. Learn language in advance, and the earlier we will do it, the better we will feel in, in any new country. I know that it’s not easy I’m immigrant, I relocated couple of times in my life but But, again in every country people like and respect when newcomers are at least trying trying to converse in a local language.

And I can tell you that Mexicans are very kind of kind in, this regard the mistakes and they will always help you if they see that you, you are trying your best to explain in Spanish. It’s my personal experience as well. But I would say that maybe one of the first steps that I would recommend it’s actually connect with financial advisor.

With people like you, Adam, and to evaluate, like, all picture all financial resources, and to have plan realistic plan, because maybe some people will discover that they need to change something in their planning, and

But it’s first step to speak with financial advisor to plan your life accordingly. And I understand that, you know, in every case there is some specific family situation or people waiting, you know, children go to college or a spouse will retire but plan accordingly. And during the time actually go to Mexico travel be familiar with the culture because learn from books, like people have different ways of learning like reading and, and don’t, Trust only news that you get from the American and Canadian newspapers because I know and we all know that Hollywood and actually media create a picture of Mexico is a very dangerous country.

I can tell that actually with latest events and even before many American experts were sharing with me that they feel more safe and comfortable in Mexico rather than in the United States. And giving examples, they’re laughing when I was asking this particular question, how we feel.

There are areas in Mexico, which I would not recommend to, to go like you know, this border areas specifically over the last couple of years, whereas a lot of illegal immigration and, you know, different type of trafficking going on, it’s not good places to to visit and to live obviously not there and, but there are very good places where people living for, for years and they’re really enjoying the life.

And and it’s not only Riviera Maya places like Cancun Playa del Carmen, Tulum, I would say Playa del Carmen, Tulum. There’s a lot of young people there, digital nomads. And retirees as well. But there’s also very popular between retirees cities like Puerto Vallarta Malan Huatulco and Oaxaca also on Pacific Coast Baha, California with Lapas and like is is a region very popular for different, I would

say type of there’s a lot of investors, but there’s expat community already living for years. So some people prefer you know, seashore ocean, ocean view. For example I prefer central Mexico states because for me, it’s very important good climate and good climate for me.

I, I, I’m not good with, with humidity and you know, hot climate, so I can spend a couple of weeks at winter, you know, on the sea, but prefer to have kind of dry but spring, spring light climate all year round. And several states in central Mexico. Such as states of Curatora, I very like Curatora, Aquas Calientes there is Guanajuato the places already known and many known in the United States, in Canada, and all over the world.

And there’s a big expat communities. In, in this places, I’m not even speaking about Mexico city, which probably not for everyone. Even some makes like it’s, it’s huge. It’s nice to visit, but but again, what I like about Mexico, it’s variety of opportunities, you know, for all type of budget preferences lifestyle options.

And it’s achievable, affordable.

Adam Ellzey: Very nice. Great. And where in Mexico are you moving to?

Emily Bron: In my case like, I have already some property in Riviera Maya, but when I was considering where I would like to live, you know, full time I selected Curatora. I like Curatora City, but I kind of didn’t move yet.

Because in my case it would depends on business that I’m involved and I’m part of two different startups companies in Mexico. So I, this, and they might work in the different states, so probably I will spend my time. In different Mexican cities and places but for people who considering, you know, to live at one place or maybe travel as well by the way, the travel advisor, I can create travel itinerary to advise how better to use your time traveling and learning about the lifestyle in Mexico.

Adam Ellzey: Very nice, very nice. Well, is that kind of what you had for preparation? Do you want to talk about the the projects that you’re working on in Mexico?

Emily Bron: No, no, I’m not yet in position to speak about the projects because they’re on early stages. I’m looking for investors Actually in the United States as well. But I believe I’m sure that this project will provide more opportunities for Americans actually created for Americans and Canadians to have reliable.

Rental options for short, shorter and longer time in different Mexican cities, cities and seashore, but it will be different topic and not today what I can tell people today I understand that for many, probably it will be completely new concepts of people, people need to prepare Transcribed mentally to, to think about it as, as opportunity.

I know from personal experience and working with people that sometimes fear of unknown can actually Close opportunities for us, but in case of Mexico with proper preparation with even not big financial means, people can really find good place to live. And enjoy life and there’s a lot of Americans again and Canadians and not only there’s a people coming from Europe over the last couple of years actually buying land and building homes, but it’s kind of different topic.

But. People coming from South America, from Europe, and actually it was one of the points why I decided to move to Mexico because I, I used to live in and speak with people from different cultures. Even though I’m not speaking Spanish, I’m learning now. But for example, in Curatora, there is a big French community, Brazilian community, German community.

It’s not only people who are relocating for retirement. But since Mexico before and even lately more attracting different businesses. Businesses are relocating from France, from Canada, from from Germany. In Curator there are several German and, you know, auto industry like Nissan, Toyota.

There’s big Japanese community and people working for three, five years. And after then some of them even, you know. living for the rest of the time. So culturally Mexico is very interesting for me. And I believe it’s providing a lot of living opportunities in addition to good climate, affordable cost of living.

And good medical care, and I can tell you even more why, why I selected Mexico because there are several projects already completed and in the process of construction now when Mexican company are even building assisted living facilities, Cheers! Cheers! Cheers!

Retirement homes for targeting Americans and Canadians, meaning with English speaking staff. And I visited several of such facilities in Mazatlan in Querétaro in Aguascalientes And I like Mexican model for retirement living. It’s different. It’s small homes, small kind of up to 20 people. At least I’m speaking about Particular Mexican project I’ve seen and people are really happy over there and I, I know several experts from United States who actually resolved the issue.

They relocated themselves being in 60s and took the elderly parents or sometimes it was mother from retirement home in United States. And for some people, it’s one of the reasons to relocate, by the way, because it’s so expensive in, in the United States. And they found a retirement living home nearby.

And several people told me that they just you know, make their parents prolong their life. This way, and it’s not only about the money. It’s good food, a good care and good climate.

Adam Ellzey: Yeah, and so what I found with long term care such as nursing homes, places like that, on average it’s about $8,000 to $9,000 a month for a nursing home in the, in America.

That’s, that’s about the average. Do you have any idea? Roughly what the monthly cost for nursing home care is in Mexico.

Emily Bron: Again I can tell you that a lot of people from California where prices are really skyrocketing and nursing homes might be above 10K, actually they Many of them are now living in Lake Chapala area.

Lake Chapala, it’s a known American and Canadian destination. And I visited several facilities big one and small one in in this area, and it depending, you know, on as there is a facility for, for people with Alzheimer’s, with mobility should depending on on, a level of help required but in one place but it was two years ago.

And I was going with a doctor from Toronto. We were going together just because I wanted and she was very interested to to inspect or actually to, to check these places. The prices were around I think 1, 000 with food covering the food covering like all care and medical doctor coming to place and all required procedures.

So even without, without insurance. Because in this case you probably don’t need insurance, but it was a thousand twelve hundred and and personally, you know, the outside really nice because I know, at least in Canada, my heart is broken. I visited a couple of time. All the time at home, I would say, in a building, inside.

And here it’s the sun, here it’s the music, they’re trying to, to, to entertain people,

Adam Ellzey: wow. Well, that’s great to hear, because, yeah, the nursing home facilities that I’ve experienced is what you explained, and it is. It’s just, it is kind of a sad story, so…

Emily Bron: It’s very sad story. What I’ve seen in Aguas Calientes it was actually for, for Mexican, like they didn’t speak English, but my friend brought me so we were looking just as a different model but you know, flowers and good food and different students from the local university, like psychology department, nursing department, social care.

Faculty who were doing different programs with with elderly. Like they’ve had one, he was former mathematician, so they, they It’s for people with Alzheimer’s. Just, just, just, this category. They look differently. They were outside, and I’ve seen this kind of not classes, but like occupational therapy rooms, but they had different puzzles and games, and they told that one of them is former professor from university in Mexico.

And they’ve had kind of several pro, they developed several programs for these people. They they were doing research, but at the same time, they were supporting these people. And they’ve had musicians and they’ve had concerts. It might be not but, but, but it’s what, what people needed.

Like they were smiling, they were happy. Even some of them on wheelchair, but you know, it’s, it’s different sense of life.

Adam Ellzey: Yeah. Wow. Well, yeah, and you mentioned the fear of the own unknown and, and the, the potential of missing out and a a lot of with my studies in retirement is the importance of adventure and the importance of.

doing something different and being out in the sun and the, the still exercising, being a part of community and in all that aspects. And it just sounds like that the opportunity there just checks all those boxes. And so just how important that is for retirement and extending longevity and you know, just, it just sounds like a really good opportunity to have a real fun adventure.

And so I definitely think that everything is in place. Everything is structured to where you can stretch your dollars as well as Stretch your life,

Emily Bron: actually get better quality of life. You know, you remind me I met one couple, actually Canadians from Hamilton, Ontario in the pool. I mean, we were together in the pool elderly couple and gentlemen told me that his wife had lupus, I don’t know if you are aware, but it’s very actually harsh systemic disease. And I was surprised because like, you know, like, and I told like, okay, so what is your, immediately I was asking like, she has doctor, or do you have some insurance plan, medical insurance plan? How do you like it?

It was three years ago. And he told me no, I thought how, like, she feels much better in in Mexico because she doesn’t have pain like if she has like back home because it’s climate, I was surprised at all, but still like she’s 75. He thought she’s so happy she feel much better than back home being always you know, inside, you know, we have good food.

She started to, to go like we rented this apartment. It was townhouses. Where I was renting as well and she takes her medicine and once a year we’re going back home and even doctor didn’t believe that her you know, situation for tests were much better than over the years she was not working.

She was on a disability. I know that it might sound like kind of cheesy. But he told me that she’s so happy. Oh, no insurance will take her because of her condition. She has all these tests. And he told, yeah, I told, but anyway, like, how, how, how you feel? He don’t like, okay, a couple of times we were going to the doctor, we found, like, to check, you know, heart condition, but generally she feel much better.

And by the way, for people with arthritis with other condition to live in good climate, it’s very important. Actually, good climate might cure, and movement. It’s not only climate, because people spend time outside, fresh air, good food. Because their food actually much better than ours. Whatever we say, organic, for them it’s kind of you can buy in a, market producer from the field, they have supermarkets as well, but it so people, people prolong their life just by living active life.

Adam Ellzey: Yeah, yeah, no, I, I worked very closely with the elderly and. I can see kind of the system that we have in place, they, they basically lose their mobility and it is lost rapidly when you, when you’re not still moving and you’re not going outside and you’re not moving your body is very important

Emily Bron: and social engagement you know, Mexicans are very family oriented. Sometimes it might be noisy, you know, but, but they visiting the family.

By the way, I was in this facilities during the covid and to my surprise.

Facilities were,, not closed, but half empty because during the COVID, they took some of them, you know, families took their loved ones, parents back home but some of them, you know, maybe they didn’t have condition were paying for their room, but they visited it every second week. Like they’ve had even you know, certain room for people who live in different states.

They have different states and need to spend maybe night or two on the weekend visiting the family. And kind of you know, I didn’t feel I didn’t have such a feeling like in the hospital, you know, when even in, in Canada, like it’s kind of clean, but It’s a different different feeling.

Awesome. So when I was thinking even about myself, and it’s very important, very important, important, specifically if you know that, you know your children, you, you’re going in alone to the new country, but there are facilities People and Mexican working even more. It’s a business for them, but I really following such a project.

And for active living and for assisted living in Mexico.

Adam Ellzey: Very nice. Well, that’s really good to know. I had no idea. And for that price difference, I mean that. That just sounds sounds perfect,

Emily Bron: but look there are some I’m speaking about particular but Lake Chapala, it’s not, it’s not a cheap place now to live.

And I’ve been another one, which looks like very you know like five star all inclusive hotel. It was Spanish chain in Queretaro, and it was, I think around 3000. But they have gym, pool you know a restaurant room, like different level. It was a resort , but it was still, you know, 3000. It, it. For high it’s a big price for Mexican, I mean, for certain for middle class Mexican, but it was still affordable for for, for Americans.

OKay, I believe that there is a lot of information provided in one hour. I checked the chat. I don’t see any questions at least coming in writing now. And there is a lot of stories that I can share but with respect to time and attention of people. I feel that we need to to close our conversation.

Thank you very much for sharing your information. And the last question, which is very important how to connect with Adam. And Adam provided the information of the website and a direct phone number. Yes. I believe it’s your direct number.

Adam Ellzey: Yes. That’s my direct number. And I included the website, annuity.com. Anybody that is looking for resources for retirement we, it’s just, it’s done such a, an amazing job putting together. needed information and it’s very good information. And so I wanted to include that website because it’s not just about annuities. It’s about retirement and gaining information that could be helpful when doing your retirement planning.

And then that, that is also my, my personal phone number and feel free to call anytime.

Emily Bron: Thank you. Thank you, Adam. And I feel that we will continue our meetings and conversations and speaking about me, people can connect with me via my email, which is emilybron.Com and it’s very easy to find me on LinkedIn.

It’s a social media. I spent more time now, but also in facebook and Facebook by my company name International Lifestyle Consulting in LinkedIn please look for the Emily Bron. I’m posting. At least weekly some articles about Mexico, about preparation to Mexico.

And please don’t hesitate with any questions related to relocation. It might be not only Mexico. I’m open to, to share the knowledge I have about other countries. And I’m working with such countries in addition to Mexico as Panama. Costa Rica Portugal, Spain. I have connections in Italy, Greece, and can share with you not only information, but connections in these countries professional, local connections, which will help you actually to relocate and have your better life in better climate and enjoy your retirement.

So thank you. Thank you for being with me today. And I believe that with information provided from your side and my side we really opening some windows, maybe doors for the people who considering relocation and they see the opportunities that they might have in Mexico with retirement. Even with only security social security and small savings you can have a good life and care in Mexico.

Thanks a lot for being with us. Thank you, Adam. Have a good night. Take care.

Adam Ellzey: Goodnight. Bye bye.

Adam Ellzey

Vice President of Marketing at Aegis Financial

Adam is a Retirement Concierge with a successful career in financial services since 2012. Having graduated from Oklahoma State University in 2006 with a major in business and a minor in marketing, he discovered his passion for finance and helping others excel. As a Retirement Concierge, Adam specializes in creating personalized retirement plans that ensure his clients’ golden years are financially secure and fulfilling.

A Retirement Haven for Canadians: Tips and Insights from a Cross-Border Advisor

Imagine swapping snowstorms for sunshine, trading high costs for a comfortable life, and surrounding yourself with friendly faces and exciting possibilities. This isn’t just a dream – it’s the reality for many retirees choosing Mexico as their retirement haven.

In this episode with Adam Ellzey, a financial advisor and partner at AE Retirement Solutions, a firm that specializes in cross-border tax and financial planning, we explored the possibilities of retiring in Mexico. Adam has over 20 years of experience in helping Canadians who move or invest abroad, and he shares his insights and tips on how to handle your finances when you leave Canada.

Why Mexico for Retirement?

There are many reasons why Mexico is a popular choice for retirees, but one of the main ones is the weather. Mexico has a mild and sunny climate all year round, which is perfect for those who want to escape the cold and snow. You can enjoy the beach, the mountains, or the countryside, depending on your preference.

Another reason why Mexico is attractive for retirees is the cost of living. Mexico is much cheaper than Canada or the United States, especially when it comes to housing, food, and healthcare. You can live comfortably on a fraction of what you would spend in your home country. You can also stretch your retirement income further, whether it’s from social security, pensions, or savings.

Exploring Expat Communities

If you’re worried about feeling lonely or isolated in Mexico, don’t be. Mexico has a large and diverse expat community, with people from all over the world. You can easily find people who share your interests, hobbies, and values. You can also learn from their experiences and get support and advice from them.

Some of the best places to find expat communities in Mexico are the coastal towns, like Puerto Vallarta, Nayarit, and San Miguel de Allende. These towns have a lot of charm, culture, and amenities. They also have a strong real estate market and high rental demand. You can find a variety of properties, from condos to villas, to suit your budget and lifestyle.

Navigating the Relocation Process

Moving to another country can seem complicated, but it doesn’t have to be. Mexico has a simple and straightforward immigration system, which makes it easy for retirees to get a visa. You can choose between two types of visas: temporary or permanent. Both visas allow you to live, work, and travel in Mexico, as well as access public services and benefits.

To get a temporary visa, you need to show that you have a job offer from a Mexican employer, or that you have enough money to invest in Mexican assets. For example, if you want to buy a property in Mexico, you can get a temporary visa if you invest at least $204,000 USD. This amount is based on the original value of the property, not the current market value. The exchange rate also doesn’t matter; the embassy will use the rate at the time of the purchase.

To get a permanent visa, you need to show that you have a close family member who is a Mexican citizen or a permanent resident, or that you have lived in Mexico as a temporary resident for four years. You can also get a permanent visa if you are retired and have a pension or income from outside Mexico.

Adam says that getting a visa for Mexico is easier than for other countries, like Panama or Costa Rica. You only need to provide a few documents, like your passport, your proof of income or investment, and your health certificate. He also says that you can apply for your visa at the Mexican consulate in your home country, or at the immigration office in Mexico. The process usually takes a few weeks, and that the visa fee is around $200 USD.

Cost of Living Advantage

One of the biggest benefits of retiring in Mexico is the cost of living. Mexico is much cheaper than Canada or the United States, especially when it comes to housing, food, and healthcare. You can live comfortably on a fraction of what you would spend in your home country. You can also stretch your retirement income further, whether it’s from social security, pensions, or savings.

The article breaks down the financial aspects, offering insights into how much you can expect to spend on various items and services in Mexico. For example, you can rent a two-bedroom apartment in a nice area for around $500 USD per month, or buy a similar property for around $100,000 USD. You can also eat out at a local restaurant for around $10 USD per person, or buy groceries for around $200 USD per month. You can also get quality healthcare for a fraction of what you would pay in Canada or the United States. For example, a doctor’s visit costs around $30 USD, a dental cleaning costs around $20 USD, and a prescription drug costs around $10 USD.

From Adams’s experience, the cost of living in Mexico is one of the main reasons why his clients chose to retire there. He says that you can live a comfortable and enjoyable life on a modest budget, and still have money left over for travel and entertainment.

Healthcare Considerations

Healthcare is a crucial factor for retirees, and Mexico’s private healthcare system stands out as reliable and cost-effective. You can get access to high-quality medical care, with modern facilities, equipment, and staff. You can also choose from a variety of doctors, specialists, and hospitals, depending on your needs and preferences.

The article explores firsthand experiences of individuals who have undergone medical procedures in Mexico, highlighting the quality of care and the significant savings compared to the United States. For example, one person had hip replacement surgery in Mexico, which cost around $12,000 USD, compared to $40,000 USD in the United States. Another person had cataract surgery in Mexico, which cost around $2,000 USD, compared to $5,000 USD in the United States.

Assisted Living in Mexico

The article delves into the evolving landscape of assisted living in Mexico. You can find small, home-like facilities designed for personalized care, often accommodating up to 20 residents. You can get assistance with daily activities, such as bathing, dressing, and eating, as well as medical care, social activities, and transportation. You can also enjoy a warm and friendly atmosphere, with staff who speak English and Spanish.

The article also shares the experiences of individuals who have found solace and community in these assisted living facilities, especially in regions like Lake Chapala. Lake Chapala is a popular destination for retirees, as it has a mild climate, a beautiful lake, and a large expat community. You can find several assisted living facilities in the area, with prices ranging from $1,000 USD to $3,000 USD per month, depending on the level of care and amenities.

Choosing the Right Location

Mexico’s geographical diversity offers options for every lifestyle preference. You can choose from the coastal towns, the mountain villages, or the urban cities, depending on your taste and budget. You can find a place that suits your personality and your needs, whether you want to relax, explore, or socialize.

The article explores various regions that cater to different tastes and gives you an overview of what to expect in each one. For example, if you want to live by the beach, you might like Puerto Vallarta, Nayarit, or San Miguel de Allende. These towns have a lot of charm, culture, and amenities. They also have a strong real estate market and high rental demand. You can find a variety of properties, from condos to villas, to suit your budget and lifestyle.

If you want to live in the mountains, you might like Oaxaca, Chiapas, or Yucatan. These regions have a lot of natural beauty, history, and culture. They also have lower prices and less competition. You can find a more authentic and peaceful experience, away from the crowds and the noise.

If you want to live in the city, you might like Mexico City, Guadalajara, or Monterrey.

Real Stories of Successful Relocation

Nothing is more convincing than hearing from real people who have made the move and are loving their new life in Mexico. In this article, you’ll meet some of them and learn how they found their ideal place, how they adjusted to the culture, and how they improved their health and happiness. You’ll also discover the benefits of living in Mexico, such as the lower cost of living, the friendly community, and the amazing opportunities.

Embracing a New Chapter

If you’re looking for a place where you can enjoy a warm climate, a rich culture, and a low cost of living, Mexico might be the perfect choice for you.

But don’t just take our word for it. Listen to our podcast with Adam Ellzey and discover the possibilities, overcome the myths, and embark on a journey to unlock the vibrant retirement that Mexico has to offer.

Don’t let fear or doubt stop you from pursuing your dreams. Mexico is waiting for you with open arms. All you need to do is take the first step and contact us today. We’ll help you plan your move, find your home, and connect you with the resources and professionals you need.