Select Mexico Properties

Owning Puerto Vallarta real estate sounds like the pinnacle of a comfortable retirement. Everyone dreams of retiring comfortably, but few people can actually do it. According to a survey by the Society of Actuaries, nearly 7 of 10 workers who are close to retirement age and more than half of people who are actually retired, are concerned that they may not have enough funds to pay for adequate health care in retirement.

And they should be worried. Experts are estimating that a retiree covered only by Medicare can expect to spend between $200,000 and $635,000 on uninsured medical expenses after retirement. Retirees with employer-provided health care benefits don’t fare much better. Their uninsured medical expenses will range from about $65,000 to $140,000.

How can Puerto Vallarta real estate help you beat the high cost of retirement health care? In several ways, actually. If you buy Puerto Vallarta real estate and build a luxury home on it, you can significantly reduce your cost of living, simply by residing in the home. The cost of living is 50%-75% less expensive in Puerto Vallarta than it is in the US.

That break on the cost of living applies to many goods and services here, including health care, dental care and prescription drugs. You can receive high quality health care here in Puerto Vallarta for a fraction of what it costs in the US. You can also find procedures and treatments here that are not covered by insurance. Sometimes, these new treatments offer the best hope for recovery from what otherwise might be a catastrophic illness.

Aside from the cost of living issues, Puerto Vallarta real estate is an outstanding investment. Right now, the Mexican real estate markets is one of the few growing real estate markets in the world. The growth is expected to continue for some time, due to significant changes in Mexican economic policy. Guaranteed growth is hard to come by, but an investment in Puerto Vallarta real estate is about as close as you’re going to get.

Should you decide to sell your Puerto Vallarta home, you can expect to reap substantial rewards as retirees from all over the world flood into Puerto Vallarta in search of a place to retire comfortably. If you don’t plan to live in Puerto Vallarta year-round and don’t want to sell a potential gold mine, you can put your Puerto Vallarta real estate to work for you. By renting out your Puerto Vallarta home, you can provide a steady stream of income that will fund or supplement your retirement lifestyle nicely.

Please contact a Select Mexico Properties sales representative today and let us show you how your Puerto Vallarta real estate can help you beat the high cost of retirement.

Photo Credit: Damien Moorhouse

Pension failures and bankrupt retirement investment funds follow every recession. Regardless of how solid your retirement plan is, things can still go wrong. Even when the economy is good, unexpected events can take their toll on your retirement plan. Faulty assumptions, sudden illnesses, a job loss or disaster can wipe out your nest egg. Failure is among the risks you take when you plan for the future.

When it comes to your retirement, what’s your Plan B? How will you cope with stock market losses, pension fund bankruptcies, shortfalls and poor investment performance? Smart investors make a retirement plan. Savvy investors make many plans.

An excellent retirement plan gives you the ability to generate options, and when confronting failure, options are exactly what you need. Puerto Vallarta real estate is one outstanding option that’s available right now. Luxury real estate here is and will continue to be in high demand for the foreseeable future, as retirees from all over the world converge on Puerto Vallarta as a preferred retirement destination.

A Puerto Vallarta retirement option can provide you with a luxurious, comfortable retirement home for a fraction of the cost of a similar home in the US. Puerto Vallarta’s cost of living is low, so basic services like health care and prescription drugs are affordable.

Puerto Vallarta also has excellent mass transit systems in place, and is considering an expansion that includes water taxis. A water taxi system would enable you to move more efficiently around Banderas Bay.

Puerto Vallarta takes its environment seriously. You’ll find conservation plans in place that are designed to preserve the marine and wildlife habitats around Puerto Vallarta. You’ll also find clean, safe drinking water from Puerto Vallarta’s municipal water system. Puerto Vallarta offers a low tax rate on properties, as well.

Select Mexico Properties is offering premium residential building sites in San Pancho, just minutes north of Puerto Vallarta. These prime sites overlook the Pacific Ocean and also provide breathtaking jungle views of the Sierra Madres. You will not find a more beautiful location in this area, and you certainly won’t find better land values! If you want to make a Puerto Vallarta option part of your retirement plan, please contact a Select Mexico Properties sales representative today!

Photo Credit: Sanja Gjenero

Insurance agents, financial planners and benefits administrators use actuarial tables to determine how long a person is likely to live. The Social Security Administration also structures its benefits based on how much time a person will live after he starts drawing out of Social Security. The tables are beginning to indicate a growing likelihood that people who are approaching retirement right now are more likely to outlive their retirement savings.

This is cause for some alarm. For many years, we’ve known that life expectancy is increasing and will continue to increase. Our antiquated employment regulations and laws haven’t caught up, though. People who are still healthy and able are retiring at the age of 65 when they really should consider working longer – if only because their retirement savings won’t last the 17-20 years they need to!

Actuarial tables never predict what will happen to an individual, but they are useful for looking at trends over time. Knowing that you may well outlive your retirement savings is helpful if you’re relatively young, but if you’re only a few years away from retirement, this news can be quite distressing!

Fortunately, there are things you can do to protect yourself and reduce the risk that you’ll run out of cash in your later years. Wise investing can keep you solvent, even after retirement. Right now, one top-performer is Puerto Vallarta luxury real estate.

Puerto Vallarta is becoming a first-choice among people who are looking to retire. Even if you have no plan to move here, you can still benefit from the substantial appreciation of property values in Puerto Vallarta.

Select Mexico Properties has premium residential building sites for sale in San Pancho, just north of Puerto Vallarta. These sites are highly desirable hillside locations that would be perfect for a luxury home. If you choose not to move here, you’ll have no trouble selling to one of the thousands of retirees from all over the world who are looking for a Puerto Vallarta luxury home.

Select Mexico Properties can help with the design, engineering and construction of your home as well. Every detail will be perfect, ensuring that you will make the most from your investment in Puerto Vallarta real estate. You don’t have to risk running out of your retirement savings, when an investment like a Puerto Vallarta luxury home can secure your future. Please don’t wait. Contact a Select Mexico Properties sales representative today.

Photo Credit: Craig Toron

In an annual survey of state pension plans, the 2006 Public Study conducted by the National Association of State Retirement Administrators showed that of 126 state-managed pension plans, nearly 87% showed some unfunded pension liability. In other words, the overwhelming majority of state-run retirement plans do not have enough funds to honor their obligations. If this is the condition of state-run pension plans, imagine what unfunded pension liability exist in private plans!

If you have a pension – public or private – and you’re the trusting sort, you probably believe that your pension is in good shape. In reality, it’s probably not. That’s why it’s important to have more than one option for funding your retirement.

Consider adding a solid investment performer to your portfolio. Real estate investments are typically stable, but US real estate has been declining in value for more than a year. High-performance real estate investments can be found, but right now, they’re mostly located outside the country. Finding the right opportunity is key!

A perennial favorite of tourists, Puerto Vallarta is located on Mexico’s Pacific coast and enjoys a Hawaii-like. The cost of living in Puerto Vallarta is very low, and the quality of living is quite high. Puerto Vallarta is a city of 350,000 permanent residents, and is served by most major airlines. With Mexico’s close proximity to the United States, traveling to and from Puerto Vallarta is never a problem.

Building a luxury home in Puerto Vallarta is a great, flexible approach to retirement. With a premium home, you could choose to rent it out to tourists or part-time residents and generate extra income. The rental income from the home would cover the cost of operating the home, providing maintenance, housekeeping and management, and still leave income for you!

Alternately, you could build the house on spec and sell it afterward. Puerto Vallarta is expecting a significant number of new permanent and part-time residents, many of whom are retirees looking for ideal retirement homes. Developers are buying up all available land here to meet the demand for luxury residential and condominium properties. Individual investor should also consider this option.

Finally, you could build your home here and choose to occupy it when you retire. The cost of living in Puerto Vallarta is exceptionally low, yet the city still provides all of the services you’re accustomed to. It’s a great way to make sure that your retirement dollars stretch! Don’t let an unfunded pension liability derail your retirement plans. For more information about building a luxury investment home in Puerto Vallarta, please contact a Select Mexico Properties sales representative today.

Photo Credit: David Playford

Baby boomers are quickly approaching retirement. The first boomers have already begun to apply for Social Security benefits, and many senior workers are taking stock of their investments and savings. For a lucky few, the retirement outlook is good. For most workers, however, questions linger regarding their ability to leave the workforce on the retirement savings they’ve amassed.

Mortgages, college educations, retirement accounts, consumer debt, health crises and providing for elderly parents are among the top concerns of senior workers. Many wonder if they’ll ever be able to retire. Senior workers facing the early loss of employment also face the loss of employer-provided health care when they need coverage the most.

Fortunately, there are solutions that don’t require you to spend down your retirement savings pointlessly, or go bankrupt trying to pay for medical care. Many seniors are looking for the best ways to make their retirement savings last.

One of the biggest challenges seniors face in retirement is lowering their cost of living. Most retirees don’t have the resources to maintain their pre-retirement income level. Reducing spending to fit a lower earnings bracket can be challenging. To complicate this, the cost of living in some of the country’s most popular retirement communities is extremely high. Faced with a decreased income, increased cost of living, and uninsured medical expenses, it is no wonder seniors are looking for ways to stretch their retirement savings!

Many seniors have found that living in a place like Puerto Vallarta, where the cost of living is very low and the quality of life is very high, is the best way to make their retirement funds last. Puerto Vallarta offers excellent, affordable health and dental care, prescription drug costs, housing, transportation, and recreation opportunities that enable residents to make the most of Puerto Vallarta’s endless summer.

There’s no reason to exhaust your retirement savings trying to keep up with the high cost of living in the US. With health care costs on an upward spiral and inflation, energy costs and declining investment returns eating away at your assets, you owe it to yourself to see what Puerto Vallarta has to offer you. Please don’t wait! Contact a Select Mexico Properties sales representative today for more information about enjoying a Puerto Vallarta retirement.

Photo Credit: Stephanie Berghaeuser

According to a new study conducted by AARP, 27 percent of respondents over the age of 45 will delay retirement plans due to the faltering economy. A more ominous sign, however, is the news that nearly 25 percent of respondents between the ages of 45 and 64 are already tapping into their 401(k) plans and other investments. Seventeen percent of younger baby boomers – those between the ages of 45 and 54 – are putting off paying bills and scaling back spending on medications to make ends meet.

For some workers, it won’t be possible to delay retirement, either due to employer downsizing or personal health reasons. Tapping retirement savings isn’t the best option, even for boomers in their forties. The economy could take years to recover, during which it will be difficult – if not impossible – to replace those retirement withdrawals. The cumulative effect will be a lower net worth at the time of retirement.

What can workers do right now to improve the worth of their retirement investments? Few investments are performing well right now. It’s easy to see why so many workers believe they will delay retirement. One option that many workers are considering is an investment in Puerto Vallarta luxury properties.

It sounds counter-intuitive, but right now land prices in Puerto Vallarta are low, and won’t be this low again for some time, if ever. Pacific coast building sites are in high demand, and the Mexican government has placed limits on how much coastline can be developed.

At the same time, retirees from all over the world are looking for a place where they can maximize their retirement savings via a low cost of living. They’re not interested in sacrificing their quality of life, so a place like Puerto Vallarta is a big draw.

Residential investors are taking two approaches here: some are building investment properties for immediate sale, while others are building their own retirement homes right now in anticipation of substantial appreciation, and a shortage of Pacific view real estate in the coming years.

Puerto Vallarta luxury homes aren’t experiencing the same market slowdowns that you may be seeing in the US real estate market. This is due, in part, to strong interest in Puerto Vallarta properties by bargain-seeking Europeans who are looking to combat high post-retirement living costs, and who have the advantage of a strong Euro. If you would like to know what the addition of a Puerto Vallarta luxury home can do for your retirement portfolio, please contact a Select Mexico Properties sales representative today.

Photo Credit: Rore D.

Contemplating retirement in a difficult economy can be worrisome. What if you don’t have enough assets to retire? Will inflation take a larger portion of your savings than you’d planned? And what about medical expenses? Have you planned well enough to cover them? Instead of worrying about what you don’t know, spend some time considering this. The Mexican real estate market is hot right now. You can build a Puerto Vallarta second home and the appreciation on this investment will offset much of your loss.

As an added bonus, the cost of living in Mexico is low, low, low. The primary expenses in retirement – medical care, prescription drugs, transportation, and energy – are much less expensive in Mexico than they are in the US. One reason people have to save so much to retire is that the cost of living in the US is so high.

Your retirement dollars can not only go much farther in Mexico, but the appreciation on your Puerto Vallarta second home will provide you with a large nest egg, should you choose to sell it at some point. Alternately, you can pass your Puerto Vallarta second home onto your children or grandchildren via your fideicomiso, enabling your Puerto Vallarta second home to bypass probate court.

A Puerto Vallarta second home is a great investment, whether you decide to move to Mexico or not. Many retirees choose to winter over in Puerto Vallarta and return to the US in the summertime. This part-time arrangement will enable you to establish residency for tax purposes within five years, provided that you spend at least six months per year in Mexico.

The climate in Puerto Vallarta is unbelievable and land here is relatively inexpensive. Buildable land is in high demand right now, and developers are buying properties all the time. There are few opportunities for individual investors who want to build a private residence and enjoy all that Puerto Vallarta has to offer.

Select Mexico Properties is offering a limited number of choice residential properties for sale. These hillside home sites overlook the Pacific Ocean and are located in the foothills of the Sierra Madres. You certainly won’t find more beautiful properties than these. If you want to learn more about what a Puerto Vallarta second home can do for your retirement plans, please contact a Select Mexico Properties sales representative today.

For retirees who have made the move, retirement living in Puerto Vallarta is looking good. Puerto Vallarta is a vibrant city, with plenty do to and enjoy. Aside from the activities in Puerto Vallarta, it’s a good place to live if you’re retired. The cost of living is low and the quality of life here is high.

Properties are appreciating at a double-digit pace. By itself, that’s worth factoring into your decision to relocate here. Pacific coast real estate is in special demand. Mexican law limits the amount of coastal real estate that’s available for sale. Commercial developers have taken up much of the available prime property in Puerto Vallarta.

If you’re looking for a quiet, relaxing place to live, you can find gorgeous hillside building sites in San Pancho, just minutes from Puerto Vallarta. Nestled between the Pacific Ocean and the Sierra Madres, these lots are unbelievably beautiful. Select Mexico Properties has a limited number of building sites available for sale right now.

Retirees from all over the world are inquiring about the availability of these parcels. And these aren’t your ordinary building sites, either. These sites will be highly valued not only for their enjoyability, but also for their investment quality. You won’t find Puerto Vallarta building sites that will provide better retirement living than these.

Select Mexico Properties can also deliver a turnkey package that includes the building site, custom design and engineering, along with contractors who can build your home to your exact specifications.

Please don’t wait to inquire about these parcels. They’re moving quickly. If you would like to know what an exclusive parcel in San Pancho can do for your portfolio, please contact a Select Mexico Properties sales representative today!

Photo Credit: Walter Groesel

A recent study conducted by Barclays Global Investors shows that many Americans who are approaching retirement age are relying too heavily on the equity in their homes, future anticipated earnings and Social Security. Under the current economy, this combination of assumptions may mean that many Americans do not have sufficient retirement savings.

Real estate values in most major American markets have fallen, due to eroding consumer confidence, a restriction on credit and a basic oversupply of housing. The number of Americans wanting to sell their homes far exceeds the number of buyers, leaving some markets with a housing oversupply that will not be absorbed for years. For some homeowners, this isn’t a problem. For those who planned to fund their retirements using the equity they’ve built up in their homes, however, the decline in real estate values can be devastating.

Further complicating the matter for individuals are unanticipated health crises, job losses and weakness in the value of the Social Security trust fund, the three major components on which many Americans have relied to fund their retirement savings.

One potential source of relief may be investment in real estate outside of the United States. Within the last few years, Mexico has become the preferred retirement destination for Americans, replacing Panama. Mexico is closer to the US, and offers a high quality of life. Additionally, the recent history of free trade agreements between the North American countries has solidified Mexico’s status as an emerging industrial country with the ability to generate independent wealth.

For 1.5 million Americans who already own residential real estate in Mexico, the country offers a low cost of living, high quality of life and the opportunity to take advantage of double-digit growth in property values in some areas of the country, like Puerto Vallarta. An investment in Puerto Vallarta real estate could mean that underperforming or undercapitalized retirement savings could receive a much needed boost in value at a time when many Americans need additional savings support.

If you’re interested in learning what the purchase of Puerto Vallarta real estate can do for the value of your retirement savings and assets, please contact a Select Mexico Properties sales representative today.