Sep 18, 2010, 2:55 PM
Post #30 of 30
Thanks for the advice and the geography lesson.
Without knowing the facts, I assumed the Baja area would be "up there" price wise. yes/no? I've vacationed in Mexico 6 times in the past 20 years. Mostly on the coast, south of Cancun. My idea of a great retirement doesn't include golf. My main thing is salt water fly fishing. I do have a concern on the process of bringing my personal property into Mexico. My Boat (it's paid for) & primary vehicle (Jeep Grand Cherokee) are a must. I'll sell my motorcycle before hand if it is a problem.
Here in New England, Striped Bass, Bluefish and Bluefin Tuna fly fishing is about a 5 month season tops. I know many who'll drop 3k in the Winter to travel to Central America & Mexico for one week, to fly fish (Permit, Tarpon, Snook & Bonefish etc...) That's too rich for my blood.
I may be jumping the gun. I wasn't expecting to make the move until I could collect early retirement. However, things change...
At this time, I'm considering a cash buy out on my pension. Using that to bridge me, until I can get into my 401k and social security. That will safely allow me $1,500.00 a month for the 10 years I'll need for that.
So doing some quick math, my financial budget after 10 years will be my monthly SS checks + 401k withdraws. That might be cutting it close.
Newbie- You mentioned that you have vacationed 6 times in Mexico, primarily at the beach, over the last 20 years. What time of year did you vacation at the beach? How long were you there? Be advised that the weather at the beach from late Fall through early Spring is livable, even nice. Other times of the year may be atrociously hot and humid and often buggy. Even inland a ways will likely be uncomfortable. Before making any permanent plans, I suggest that you spend a season on the coast during the "warm" weather and see if you can deal with it. Many can't. Living on or near the coast in the US (much less Canada) in most places is not remotely like living on the coast in Mexico. There are other places than the coast where weather is wonderful nearly year-round, boatable lakes are available, and you can still be within 3-4 hours drive to the ocean. Think about it.
My apologies to all who live Mexico's coasts year-round. You are hardy souls, but it's certainly not for everyone.