Saturday, September 25, 2010

To A Definite Maybe Part Two

Now the real nitty-gritty about getting to a definite maybe. After reading six or seven books about retiring to Mexico, I felt ready to answer a least some of the barrage of questions from Bud. Number one, how much does it cost? This is kind of like nailing jell-0 to a wall since one has no idea what standard of living is being applied. In my research I found answers from as low as $1000 up to $2500 per month. Yeah right, so I decided use the standard to which we are accustomed. In a future blog you will find out what that turns out to be. It is hard to believe, so you will need to follow the process that we followed to find this answer.


It is only prudent to rent for the first year and maybe forever. A small "Empty Nester" home such as we live in now will range anywhere from $700 USD to $900 USD. These prices also include some of the utilities, i.e., water, local phone and Internet. The same level of home here in Frisco would run about $1300 USD and up plus utilities. Quite a nice savings just on housing.


Now what about food? Being an American and being non-metric savvy this has been a hard one for me to get a handle on. However if you eat fresh foods and few processed foods (which we do since we are vegetarian's....I know, this is a whole another blog), my best estimate is $300 USD per month. Just let me tell you, this is at least a 50% savings for us given the cost of fresh fruits and vegetables here in the US. I know many of you asking: Can you eat the fresh foods offered in the Mexican markets? The good news is YES!

What about medical care and insurance? This where you give yourself a sanity check. Living near a large city is very important fjust like in the US. That is where the well equipped hospitals and the best specialists are located. Many Mexican doctors have been trained and schooled in the US.

Medical Insurance is available for Americans in Mexico (Medicare does not cover people living in foreign countries).


These are the first set of questions and they lead to many more such as: transportation, entertainment, eating out, how to communicate, what would we do all day?


Stay tuned to find out all the answers and more. That led to not only a definite maybe, but let's take a trip and check it out.


P.S. The exchange rate as of today is about 11 pesos per US dollar.

All of these topics will be covered in much more depth in individual blogs in the near future for those of you that might be interested.

Y'all can make comments and ask for info on any topic you have a specific interest in knowing more about.

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