Select Mexico Properties

For many seniors who are approaching retirement age, the prospect of leaving work is unappealing. Retiring in a recession means amortizing a major decline on investment values over the remainder of the retiree’s life. It often means reduced benefits, reduced spending and the very real risk of running out of money at a very advanced age. While many senior workers would like to stop working, their economic situation makes that unlikely, impractical or even impossible.

Since the late 1990’s, senior workers have reduced their expectations when it comes to the kind of retirement they will have. The burgeoning cost of health care, rising energy costs, rising prescription drug costs, under-funded or bankrupt pension plans, inflation and the falling dollar have all undermined retirement plans. Seniors no longer hope to retire early. Instead, they hope to continue working until the age of 65 or beyond, in order to make ends meet.

Is early retirement even possible? A comfortable, early retirement is indeed still possible. The success of early retirement planning depends upon the balance of an investor’s portfolio, and the willingness to invest in growth areas. One economist at the University of Michigan says that our economic well-being in retirement is related to growth in the labor market, in part due to the way the Social Security program and private retirement programs are structured. His prediction is that US labor market growth will flatten in the 2010s, making it hard – if not impossible – to achieve the gains in productivity that our retirement structure relies on.

As an early-retirement hopeful, you can still take advantage of growth in the labor market, but you may not be looking at the domestic labor market. Mexico is experiencing an unprecedented growth period in terms of both labor and economic prosperity. Savvy investors understand the importance of investing in growing economies, and are turning to places like Mexico in search of investment returns that outperform other elements of their portfolio.

One of the best ways that individual investors can take advantage of the growth in Mexico’s economy is by purchasing residential property. In some areas of Mexico – including Puerto Vallarta – investors have achieved double-digit gains on property values for the past ten years. These gains are expected to continue as retirees from all over the world emigrate to Mexico to take advantage of the positive economy, low cost of living, and high quality of life here.

If you would like more information on how you can take advantage of the high ROI that Puerto Vallarta property offers, please contact a Select Mexico Properties sales representative today.

Photo Credit: iophoto