A study by the American Association of Retired Persons shows that one of every three people in the US over the age of 55 have saved less than $25,000 for their retirement. That’s a surprising statistic and it shows how unconcerned some people are about their need to save for retirement.
More than 25% of people who are approaching retirement have elected to delay their exit from the workforce, citing concerns about the economy. Extended lifespans and soaring medical costs also mean that retirement savings need to go farther and do more than they did in the past.
If you save for retirement, you’re in good company. However, most people don’t save enough. In this economy, finding productive investments is difficult. It’s also hard – maybe impossible – to carve out extra money from the budget each month to set aside. If you can’t make more or spend less, and your investments aren’t performing well, what can you do with what you can save for retirement?
A broad investment portfolio is always safer than a narrow one, and financial experts agree that the real returns in investing right now are located outside the US. In some locations – especially in Latin America – real estate is the hottest game in town.
Mexico has some of the hottest real estate markets in North America right now. It’s no wonder that Mexico has become the number one retirement destination. Investment safety, close proximity to the US, high quality of life and low cost of living all suit a retirement lifestyle well. 1.5 million Americans own residential real estate in Mexico and many plan to make Mexico an important part of their plan as they save for retirement.
If you would like to take advantage of the excellent growth potential and value of luxury real estate in Puerto Vallarta, please don’t wait. Select Mexico Properties has a limited number of premium building sites available on the Pacific coast. These sites will not last long, and this may be your last best chance to buy affordable Pacific coast real estate. Please, contact a Select Mexico Properties sales representative today!
Photo Credit: Yee St
Relevant Tags:latin america real estate, mexico retirement, retirement planning, save for retirement
