Where to Retire

Choosing Where to Retire

When coming up to retirement many people consider moving to another country to live out their “golden years” with their partner. What will you do: stay at home, move to somewhere else permanently, or become a snowbird?

If you’re set on retiring abroad you need to talk to your partner and think about what is going to suit you both best; if you have totally different ideas about what your retirement should entail then tensions are sure to arise. The first thing you should do is sit down and make a list of your key priorities… what you need, want, and what you want to avoid when it comes down to your retirement.

Being on the same page and at least knowing where you may need to make concessions can really help smooth the process in the long run.

Retirement destination checklist

Consider these factors before running off to a far-flung destination when you retire.

Do you get homesick

Are you very close to your family and friends? Are you likely to want then to visit regularly, or will longer stays less often be enough for you? If you’re in the USA and Canada countries like Mexico are close enough for weekend visits, whereas European and Asian destinations may be less practical for such trips.

Climate

If extremes of heat and cold are going to be a real issue for one (or both) of you it may be better to think about a country with a more temperate climate. Before you make a final decision we would recommend that you visit your chosen destination at least once during each season to ensure that you know what you’re getting into.

Do you want to live retire to the place full time?

If you’re moving full-time you may find that you have less choice than if you were becoming a part-time “snow bird”. Consider which countries allow for retirees moving in fulltime, and ask yourself if these are compatible with your needs.

Temporary or permanent move

Are you moving for good, or do you want to keep your options open? Depending on your intentions you may wish to look for a country which will allow you to have dual-citizenship (rather giving up your current citizenship status).

Expenses

Many choose to move to a country where the cost of living is cheaper than in their home country; by doing so they make their pensions go farther, and enjoy a lifestyle they might otherwise have been unable to afford.

Compatibility

Consider what kind of lifestyle you might want to enjoy? Are you a hiking history buff, a lady (or gentleman) of leisure, or someone who wants to enjoy a bit of both?

Are foreigners welcome?

Some destinations are more friendly and accepting of foreign nationals and immigrants than others, think about how you will fit into your new community before making a move.

Healthcare and wellbeing

Many people choose their retirement destinations for health reasons; negative ions in the air in coastal locations, in particular, may improve the quality of life for some people with certain chronic conditions. Furthermore, if private healthcare is more affordable in your new destination this can only be a good thing.

Language barriers

Do you speak the language, and if not are you willing to learn? If the majority of the locals do not speak English communication could be a real problem.

The key to choosing a retirement destination which will please you both is to shortlist the countries which meet most of your needs and wants, and visit them in as many seasons as you can to get a real idea of what you’ll be getting into before you make the move officially. Certain try and buy options and fractional ownership programs will aid you in making informed decisions about how and where you spend your retirement.

Retirement Planning and Preparation

Retirement Planning and Preparation

A few years before you retire you should begin practicing what it feels like to be retired. This can be a dress rehearsal for you and your retirement. Practicing retirement will be a gradual transition that will show you what your new retirement life will be like and to let you know if you are truly ready to retire. Would you like some helpful tips for retirement planning and preparation? If you do, then please continue to read below.

Retirement Income

A way that you can start retirement planning and preparation is to start right now by living on the income that you will be receiving once you retire. The first thing to do is live on a budget with the money that you will have each month, and any money that you have left over should be placed into a savings account or invested. If you start right now by living on the income that you will be receiving when you retire, then you will get used to the smaller income along with saving money too. This will also let you know if you are ready to retire financially.

Spend Extra Time with your partner

It is time to rekindle the romance if you and your spouse are retiring at the same time. You can rekindle the romance with your spouse by setting certain days of the week for date nights, taking a weekend getaway, and attending gatherings with your friends, coworkers, and family members. When you spend quality time together with your spouse you are building a stronger foundation that you will need when you retire.

Travel and Take more Vacations

When you retire you will have a lot of spare time on your hands, so right now you should enjoy traveling and taking more vacations, especially abroad. This will give you an idea on how it will be when you are retired along with letting your colleagues see how the workplace is without you there all the time.

Buy a Vacation Home Abroad

Would you like to live abroad when you retire? If you are considering this, then you should start looking at properties now and begin the buying process now before you actually retire. You can consider purchasing a vacation home or even renting one where you would like to retire, and when you have vacation time or time off from work you can go there and see if you would like to retire there. This will also help you to start making friends before you retire. One great option to buying a vacation home abroad is with fractional ownership.

Start a New Hobby

Being retired brings forth many benefits, and one is having the time to do hobbies that you never had time to do when you were working. At this time you can start preparing yourself for the hobbies that you are or were interested in doing, so if you need to purchase any expensive accessories, then you should do it now while you can afford it.

Purchase Expensive Things Now

You should purchase expensive things now before you retire such as a vacation home, RV, a new car, because taking out credit for expensive items will be while you still have a full income. This will also give you an idea on how well you can make the payments before you retire.

Try and Buy property program

Try and Buy Property Programs in Mexico’s Riviera Nayarit

If it is your dream to own real estate in Riviera Nayarit or Puerto Vallarta, Mexico, you might wish to take part in one of the various try and buy property programs offered by Mexico’s real estate industry. Try and buy property programs can aid you in making that crucial decision as you can make a personal inspection of the properties you are considering to buy at subsidized prices.

Villa La Estancia’s Try and Buy Real Estate Program in Mexico’s Riviera Nayarit

Villa La Estancia Residences in Riviera Nayarit, Mexico has its own great value try and buy program called the Real Estate Discovery Program, where prospective buyers can stay in any of its grand residences to get a feel of what life at the resort is really like. There’s no commitment to buy, just the pleasure of enjoying the residences first hand. With its state of the art facilities, a stunning background and amenities that spell luxury, there’s no doubt that this property is one of a kind.

Who is Suited for the Try and Buy Program at Villa La Estancia Riviera Nayarit?

Anyone with a genuine interest in purchasing a property at Villa La Estancia either for fractional and full time ownership is welcome to apply for this Try and Buy Property Program. There are a number of qualifying factors such as age and yearly income, as you will see in the list below: “Rules for eligibility”

What the Try and Buy Scheme Includes:

The Try and Buy scheme offers 4 nights accommodation at Villa La Estancia Riviera Nayarit. You can get discounted rates with the price varying according to the season and the availability of the proper. First come, first serve policy is observed. Choose between a two or three bedroom villa, or an oceanfront villa that offers a great view of the majestic Pacific Ocean.

Rules for Eligibility

  • A participants must be 30 years of age or older
  • Fully employed or retired with a minimum household income of US $100,000 annually.
  • Does not include the cost of transportation
  • A presentation and tour of the property must be attended by the participant (failure to attend the discovery presentation would mean a charge to your credit card amounting to US $250 per night during your stay).
  • Participant must fill out all sections of the request form.
  • Reservations accepted only 45 days prior to arrival.
  • Advance payment by credit card to reserve the Try and Buy package.
Puerto Vallarta is one of the Best Places to Retire in the World

Why Puerto Vallarta is one of the Best Places to Retire in the World

It’s official that Puerto Vallarta has been recognized as one of the best places to retire in the world! This announcement comes on the back of a press release issued by the prestigious Puerto Vallarta Tourism Trust (Fideicomiso De Turismo de Puerto Vallarta) as attested by the studies made by the Annual Retirement Abroad Index. It was broadcasted by the website Live and Invest Overseas, confirming the Puerto Vallarta comes second only to the Algarve in Portugal for the best places to retire in the world.

The Telling factors that Affect Retirement Choices

There are many factors to be considered in finding out the best places for retirement abroad. One crucial basis is the general quality of life where living under the $2,000 a month is possible for couples in the top seven standing of great places to retire. Other factors include infrastructure, safety, climate, taxes and hospital services.

Mexico Can Top for Best Places to Retire in the World

Mexico is credited with not just one place recommended for retirees. Aside from Puerto Vallarta, Live and Invest Overseas website also included places such as Guanajuato and San Miguel de Allende among the best places to retire in the world. Some countries who also hold a formidable spot in the famed list are Argentina, Spain, Nicaragua, Colombia and Belize.

The Reasons why Puerto Vallarta has been named as one of the Best Places to Retire in the world?

Safety

Safety is the primary consideration why Puerto Vallarta is among the best places to retire. It was given a Grade A classification, mentioning police officers in the area are known to speak at least two languages including the international language of English.

Cost of Living

Cost of living is great as well, with a monthly average cost of $1,700 to $2,000 for a retired couple.

Great Real Estate

A range of excellent real estate opportunities at affordable prices. The destination also holds its equity value.

Suitable Climate

Most people looking for the best places to retire in the world are seeking somewhere to escape the harsh winters. Puerto Vallarta’s sunny weather year round is a pull for many retirees.

Great Tourist Infrastructure

Puerto Vallarta has a lot to offer visitors, including cleanliness, entertainment, good public transport and cheap taxis. Private healthcare is of a high quality and affordable.

Accessibility

Being close to an airport was also given much weight in the selection of the best places to retire in the world. Puerto Vallarta’s airport is very convenient, locate on the outskirts of the city and less than a 30 minute drive to any of the major hotspots.

Villa la Estancia residences penthouse - retirement in riviera nayarit

Fractional Real Estate and Retirement in Riviera Nayarit

When you retire you’re faced, quite suddenly, with the capability to change your life entirely, should you wish to. Popular psychology notes that, especially for people coming from high-powered or challenging careers, it is important to look for new horizons and challenges to keep us stimulated during retirement. This could be why there has been such widespread shifting to fractional ownership of second homes in different parts of the world by American and Canadian retirees.

Mexico, and in particular the Riviera Nayarit, has become an increasingly popular destination for retirement due to a high population of ex-pats, an excellent selection of real estate options and great infrastructure, as well as cheap, frequent and direct flights to and from the USA and Canada.

What you should know about fractional real estate and retirement in Riviera Nayarit?

You’re probably wondering what makes fractional ownership different from normal real estate, and timeshare ownership or vacation club membership? Well, among other things, fractional ownership is a very real investment due to the fact that your purchase is deeded and, as such, you own a fraction of any equity accrued by the property. Secondly you have all the benefits of owning a second home with fewer of the responsibilities or stresses that might come with full ownership real estate.

Retirement in Riviera Nayarit, Mexico

The Riviera Nayarit in Mexico is an excellent location for retirement and to fractionally purchase a second home for quite a few reasons. The first reason to retire in Riviera Nayarit is undoubtedly the quality of the properties and real estate that can be found. Most of the properties which offer fractional purchases are found within high quality, gated communities where the condition and security of the area (and properties) is a key focus. In fact some of them have access to the facilities of adjoining hotels so you can feel like a guest as well as having the authority of an owner.

Secondly, the outstanding natural beauty of Riviera Nayarit, Puerto Vallarta, Bucerias and Punta Mita is a big draw for many people. The entire coastline from Puerto Vallarta to Punta Mita is considered one of the best in Mexico and boasts some of the most stunning and pristine beaches to be found anywhere. If you’re staying in the area of Banderas Bay, for example, you’ll have stunning views of the Bay, the Ocean and the Sierra Madre mountains as well as all the benefits of living in a hot tourist destination.

Fractional Real Estate in Mexico

Perhaps one of the biggest benefits of owning a fractional retirement home is that you’ll get longer in your property than you would in a timeshare. The most common fractions range from one month to 12 weeks, which means that you spend more time on the beach and less time in the air, or airports. What’s more you should be able to upgrade your ownership at any time, if you purchased with a reputable company. This means that if you find yourself falling in love with the Riviera Nayarit you could make it your permanent home without too much trouble or hassle.

Fractional ownership in the Riviera Nayarit could be one of the smartest investments you ever make!