Best Places In The World To Retire

There are three ways you can transfer funds into your Mexico bank account.

 

The easiest way that I see happening here, although it costs a little bit more out of commission, is PayPal. You can open a PayPal account in Mexico with no issue with any kind of passport or FM2 or FM3, which is a visa saying that they live here permanently.

 

With a visa that says that you live in Mexico permanently you can open a bank account in Mexico...

There are three ways you can transfer funds into your Mexico bank account.

 

The easiest way that I see happening here, although it costs a little bit more out of commission, is PayPal. You can open a PayPal account in Mexico with no issue with any kind of passport or FM2 or FM3, which is a visa saying that they live here permanently.

 

With a visa that says that you live in Mexico permanently you can open a bank account in Mexico and then you can transfer funds from the States such as from your account in Chase or Wells Fargo into PayPal. And then you can take it out from PayPal into your Mexican bank. That is one kind of transfer that I see younger people do and not the older people, perhaps because the younger people are more comfortable with the technology.

 

If you want to transfer larger amounts you would definitely use your bank and pay an average of $40 for the wire transfer fee. 

 

If an American wants to live in Mexico, and doesn’t want to purchase a home; he just wants to rent and live just like that and not be involved in investments, then you don’t need anything.  You could just use cash.  If you pay in cash, no one is going to ask you for an FM3, which is a visa that if you want to own something in Mexico, you have to present these documents. That is one of the things that immigration in Mexico doesn’t track very well so anyone can just cross the border either by flying or by car. They can go to Mexico and rent and pay cash and be perfectly fine. In this case, you don’t need a Mexican bank account.  

 

(Bank of Mexico, pictured.)

I call the people who grew up here in Corozal, “Corozalians.” They swim right in the sea in Corozal. However, there isn’t a lush beach there. 

 

We send people to Orchid Bay because there’s a nice beach there.  There’s also an infinity pool. But beyond that, there’s not a lot of well-developed beaches in the Corozal area. At Mark Leonard’s property at Cerros Sands, he has developed the area around his...

I call the people who grew up here in Corozal, “Corozalians.” They swim right in the sea in Corozal. However, there isn’t a lush beach there. 

 

We send people to Orchid Bay because there’s a nice beach there.  There’s also an infinity pool. But beyond that, there’s not a lot of well-developed beaches in the Corozal area. At Mark Leonard’s property at Cerros Sands, he has developed the area around his property but you can’t compare it to a resort in Puerto Plata, Dominican Republic, or in Jamaica for example. Those are “10s” and the ones here are “6” or “7.” That’s how I’d put it. People live on the water’s edge here and they swim on their property and some develop their beachfront a little more than others but in terms of public places to go, there’s not much more than Orchid Bay, which is decent. They’ve developed it well on purpose and I think there are plans for further expansion.

 

In order to get to Orchid Bay or Cerros Sands, you need to take what’s called the Ferry Road from Corozal.  You have to cross a ferry, which is really something out of the 1920’s. I call it the Armstrong ferry because the guys crank it by hand 24/7.  The ferry is like you’re stepping back a hundred plus years and you’re in the Amazon somewhere. It’s pretty cool. So if you live in Corozal or you want to go to Orchid Bay, it’s going to take you 40 minutes, depending on ferry traffic.  

 

(Picture: Ferry in Belize, courtesy of Grant D'Eall.)

In Portugal, we have the national health insurance and the national health system, which is not terribly efficient and it has long waiting lists so it is advisable for people to have private health insurance, which is not expensive.

 

There are some very good private clinics and hospitals here in the major centers of Portugal. I have a health insurance policy for myself, for my wife, and my three children even though they are adults now. It costs me...

In Portugal, we have the national health insurance and the national health system, which is not terribly efficient and it has long waiting lists so it is advisable for people to have private health insurance, which is not expensive.

 

There are some very good private clinics and hospitals here in the major centers of Portugal. I have a health insurance policy for myself, for my wife, and my three children even though they are adults now. It costs me €200 (US $218 or £147) a month and it covers basically everything except dental.

 

(Logo for Pacific Prime, private medical insurance offered in Portugal, pictured.)