I was convinced I would retire in Colombia, but their taxes on worldwide income even SSN or pension income, and mandatory 12.5% for their government EPS health makes that look difficult if I keep paying for Medicare . In Latin America I can only find Guatemala, Costa Rica, Panama, and Nicaragua that do not tax worldwide income. I am a single, 62 year old guy, and was hoping for thoughts on retiring there. I can't figure out Mexico on pension or SSN income. Thanks so much in advance!
I was considering Colombia also, and was advised by several expats not to register with DIAN (IRS) and stay out of the system. This does not sound like a good plan in the long run for me. In addition, there seems to be political and regional troubles brewing there that I'd rather not be exposed to. Mexico also has its troubles, but it does offer a wide variety of choices, plus it's close to the states.
I just got back and been there 3 times in Medellin this year, and really always felt safe, and I don't think FARC will be a big deal, but it will be safer when Venezuela is better, as there are so many in the country. I am a regular there since 2012, but like everywhere there are no go places and be smart. If someone is making 2k a month taxes are not an issue and 12.5% for health insurance is not bad, but if your income or assets are high and they count all income and assets, even a wealth tax. It will smother you if you are honest to DIAN. Just don't use a Colombian Debit card for many major purchases and pay with cash as much as possible. I love the culture, people, weather and raw beauty. It does have for the most part lousy beaches though.
mattinnorfolk....once and for all....is out to lunch on Colombia. You go to Colombia...you leave your money in the U.S., you use your U.S. debit and credit cards. You get residency showing your pension income. You mind your own business. You enjoy some of the lowest costs of living in the Western Hemisphere. You get much better health care than Mexico (arguable). And nobody in the government could give a xxxx about your foreign assets or anything else.
Again...mattinnorfolk is a spreader of dopey information about Colombia. People here just shake their collective heads about what he espouses. He is a 'colombia groupy'. The 'problems with living in Colombia' only exist on the forum...no place else.
Hi Thunder1957, I relocated to PV about 2.5 years ago. Would be open to sharing info about the area with you. I live in Fluvial residential, which is (10-12 mins) south of the airport & Marina. Just send me a PM, if you want to chat more about options in the area. Regardless, good luck with your transition.
Hi there!! Me too, me too! I need your help as well. I hope to move in Dec-Jan after my current lease in Torrance, CA. runs out. I need to look for a place before then. I will be living either by myself or maybe with another person. I want to stay as close to the Zona Centro as possible. Can anyone out there in Mexicoland help me. I am retired, speak Spanish fluently and by myself want to spend about $200 max. and with a friend, around $400-450 should be ok. I would like something with 2-3 bedrooms and 2 baths. Someone knowing of a place, please get back to me. I am going there this weekend and would LOVE to meet some expats in Ensenada or close by. Thank you so much!
Mexico taxes worldwide income, like the U.S. but does not tax pensions. Moreover, Mexico and the U.S. have a bilateral treaty that prevents you from being taxed in Mexico on income on which you are already taxed in the U.S. I recommend that you speak with an accountant, though.
An expat in Puerto Penasco, Mexico appreciates the lower priced food and rent. She loves seeing the fishermen repair their nets on her street preparing for the next day of fishing. She advises newcomers to use your Spanish, even if you make mistakes, and eat the delicious street food.
An expat in Puerto Penasco, Mexico appreciates the lower priced food and rent. She loves seeing the fishermen repair their nets on her street preparing for the next day of fishing. She advises newcom...
An expat talks about living in beautiful Merida, Mexico. This modern city of over 750,000 on the Yucatan still retains some of the Mayan culture. Parts of the city have very modern architecture while others have colonial. If you're moving to Merida, prepare yourself for the heat and friendly locals.
An expat talks about living in beautiful Merida, Mexico. This modern city of over 750,000 on the Yucatan still retains some of the Mayan culture. Parts of the city have very modern architecture whi...
Where are the safest places to live in Mexico? The most unsafe areas are well-covered in today's news headlines, but those considering a move to other cities or towns in Mexico should carefully research their possible destinations, talk with other expats and visit before they move. This article highlights members' recent discussions and comments about crime and safety in popular expat locales and some off-the-beaten path destinations. If you live in Mexico, we encourage you to submit an update on your city or town.
Where are the safest places to live in Mexico? The most unsafe areas are well-covered in today's news headlines, but those considering a move to other cities or towns in Mexico should carefully resea...