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Economists are debating whether or not the US is in a recession, and if it is, how long might a recession last and how deep will it go. For some people, especially those approaching retirement, a recession could be devastating. The effects of a faltering economy can last for years, and you may not be able to make up the losses you experience now. Fortunately, there is something you can do to protect your retirement nest egg. By investing in a Puerto Vallarta luxury home now, you may not only offset your coming losses, but actually increase the value of your holdings.

How can this be true? Right now, the real estate market in Puerto Vallarta is a buyer’s market. The price of housing, land and construction is relatively low. In the next decade, experts predict that the population of Puerto Vallarta will increase by nearly three-fourths. It will become difficult and expensive to purchase Puerto Vallarta luxury homes. Those who own Puerto Vallarta luxury homes will experience substantial returns on their investments.

Right now is the time to act. If you leave your retirement investments in their current vehicles, you may experience substantial losses as a result. Depending upon when you planned to retire, you may not be able to recover those losses. These losses could seriously impact your ability to survive during retirement, or could cause you to delay your retirement to offset the impact of these losses.

A recession couldn’t come at a worse time. Right now, the cost of health care is skyrocketing, and many retirees or soon-to-be retirees are only now beginning to understand what their health care coverage will be once they leave the workplace. Experts estimate that retirees will need to spend on average $250,000 for medical expenses after they quit working. For a couple that lives into their 90’s, this figure could go as high as $400,000. Most retirees don’t have that much money saved.

Shifting some of your portfolio to a Puerto Vallarta luxury home could not only preserve the value you have, but increase the overall value of your assets. Additionally, the cost of living in Puerto Vallarta will significantly reduce retirement expenses. Most “big-ticket” items, like health care costs are available in Puerto Vallarta at 50% to 75% less than similar services in the US. Most providers accept US insurance plans, as well. Additionally, certain costs – like home heating and vehicle registrations – can be zeroed out altogether. (It never gets cold enough in Puerto Vallarta to require heat and there is no vehicle registration in Mexico, beyond what you provide on your visa!)

Do your homework on what a recession could do to your retirement savings, and then contact a Select Mexico Properties sales representative today. We can show you how to beat the high cost of retirement living!

Photo Credit: Jorge Vicente