Select Mexico Properties

According to the Profit Sharing/401(k) Council of America, the number of Americans who have taken loans from their retirement funds has risen to 18 percent, from 11 percent in 2006. As the economic crisis worsens, retirement funds are being looked at as a ready source of cash to cover debts or other needs. Many of these withdrawals are actually loans against the account, which must be repaid with interest to avoid penalties.

The number of Americans who are borrowing from employer-sponsored retirement plans is even higher, at about 25%. Nearly half of all borrowers indicate that their loans or withdrawals will cover non-mortgage consumer debt. For loans from employer-sponsored plans, the borrowed amount plus interest must be repaid within five years or immediately upon severance from the employer. Otherwise, the loan will be treated as a non-qualified distribution, subject to taxes and a distribution penalty.

When it comes to retirement funds, avoiding withdrawals altogether until you’re fully eligible and you need the money is the preferred option. Diversifying your retirement portfolio to include non-cash assets is also a good strategy. You’ll balance your portfolio and you’ll also be less likely to raid non-cash assets in a moment of panic.

Select Mexico Properties is offering premium residential building sites in San Pancho, just north of Puerto Vallarta. Many retirees and those planning to retire comfortably are investing in Mexico real estate as a hedge against losses in the US investment markets. The rate of appreciation on Puerto Vallarta properties has held steady at 10 percent or more per year for the last ten years.

The Select Mexico Properties building sites are extremely special. They’re hillside lots along the Pacific coast. These premium properties are in high demand and won’t be available for long. Right now, they’re priced affordably and will appreciate substantially once luxury homes are constructed on them. This is one of the few opportunities that investors will have to own desirable, affordable Pacific coast real estate in North America.

If you’d like more information about how you can add Puerto Vallarta real estate to your retirement portfolio and increase the long-term value of your retirement funds, please contact a Select Mexico Properties sales representative today.

Photo Credit: Cris DeRaud