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Why The Millers are Moving to Mexico and How They Will Do It! #055

Why The Millers are Moving to Mexico and How They Will Do It! #055

FromRepurpose Your Career | Career Pivot | Careers for the 2nd Half of Life | Career Change | Baby Boomer


Why The Millers are Moving to Mexico and How They Will Do It! #055

FromRepurpose Your Career | Career Pivot | Careers for the 2nd Half of Life | Career Change | Baby Boomer

ratings:
Length:
37 minutes
Released:
Nov 27, 2017
Format:
Podcast episode

Description

Marc and his wife have a few reasons for planning a move to Mexico in 2018, but mainly it involves the high cost of healthcare in the U.S. Marc will not retire but will continue to run his company from Mexico.   Listen in for how you can research whether Mexico or Central America is right for your family.   Key Takeaways: [1:28] Marc announces his first audience survey on what demographic listens to the podcast, what you like, and what you would like to hear about in the future. Please take the survey at CareerPivot.com/PodcastSurvey. This will redirect you to a Survey Monkey page. Marc will keep the survey going through 2017 to hear from you. [2:12] Marc reviews the series format of this podcast for new listeners. Each month, the first episode is an expert interview. The second episode is a career pivot interview. The third episode is of Marc’s choosing. This month it is Marc’s story of taking the family and job abroad. The fourth episode of the month is a Q&A episode with Elizabeth Rabaey. [3:06] Marc and his wife are moving to Ajijic, Mexico In this episode, he walks through the decision process and their plan for execution. It started with the October 15, 2016 episode of the Money Matters podcast by Hanson and McClain where they interviewed Art Koff of Retired Brains on best international retirement destinations. [4:17] RetiredBrains.com has a ranking of places to retire overseas. #1 is Ecuador, #2 is Panama, and #3 is Mexico. The analysis considers real estate, expat benefits, cost of living, ease of integration into the community, entertainment and amenities, health care, infrastructure, and climate. The top three destinations were closely-ranked. [5:11] At the same period Marc received his new health care insurance premium at $1,800.00 a month. They decided to look for another plan on Healthcare.gov. The choices were very limited. Marc’s 2017 premiums and medical costs were $20K. [6:35] In November, Donald Trump won the presidency. This created uncertainty around the Affordable Care Act. They visited Ecuador. Over half of U.S. retirees overseas return to the U.S. within five years. Also, those in the 60 - 64 age range now are at a disadvantage. Marc and his wife discussed this several of times. [8:45] Marc read a post on GringoTree.com on assimilation vs. integration. Assimilation is full immersion in the language and culture, standing apart from the expat community. Assimilation leads to more happiness, better eating, better exercise, and a longer life. [10:40] Marc and his wife visited San Miguel de Allende in Mexico, a popular ex-pat destination. Marc found a webcam on the downtown plaza, filled with expats. They booked an Airbnb. Date a location before moving there. [12:09] Marc and his wife went to visit places for one-to-two weeks each. San Miguel is typical of much of Mexico — with lots of fireworks. There were many Canadians, U.S. citizens, and some Europeans. There are no chain pharmacies or supermarkets there but family-owned stores with only the most common medicines and foods. [15:18] San Miguel at about 5,000 feet may cause some altitude sickness. San Miguel is about a 90-minute shuttle bus ride from the airport. Flight scheduling back to the U.S. is difficult. [16:50] The Millers next went to Cuenca, Ecuador. Cuenca was difficult to get to due to flight schedules. Quito and Guayaquil are two other popular cities for expats. Ecuador has some high-altitude cities, such as Cuenca, and most Americans leave there within a couple of years. [19:03] Mrs. Miller was experiencing overwhelming fatigue. They cut their visit after five days. It took three days to get to Austin from Cuenca, and then Mrs. Miller went to the hospital. She was very anemic. [19:37] The fruits and vegetables in Ecuador don’t resemble fruits and vegetables in the U.S., but they are good. Repair or maintenance is offered mañana, by which they mean, ‘not today.’ Bills are paid by check at the bank, not online. It is a cash-based culture. Ecuado
Released:
Nov 27, 2017
Format:
Podcast episode

Titles in the series (100)

Repurpose Your Career podcast brought to you by Career Pivot is a podcast for those of us in the 2nd half of life to come together to discuss how repurpose our careers for the 21st century.  Come listen to career experts give you proven strategies, listen to people like you tell their stories on how they repurposed their careers and finally get your questions answered.   Your host, Marc Miller, has made six career pivots over the last 30 years. He understands this is not about jumping out of the frying pan into a fire but rather to create a plan where you make clear actionable steps or pivots to a better future career.