Pensions On Steroids In Lake Chapala, Mexico

lake-chapala-mexico

Recently, I joined about a dozen retirees on a six-hour hike above Mexico’s Lake Chapala. 

John Burnett was one of them.  He had moved here from Dallas to retire, so I asked him why. “My friends back home ask me that all the time,” he said.  “And I wish I could just bring them here.  They would see how great it is.”

The Lake Chapala area includes a cluster of towns. Ajijic is the most popular for Americans. A sign on the main road lists its population at roughly 10,000.  The Lake Chapala Society, located in central Ajijic, has nearly 3000 members.  Most of them are foreigners. 

Since arriving here two weeks ago, I’ve asked dozens of retirees the same question.  What brought you here?  Most cite the weather. At 5000 feet above sea level, it’s never too hot.  And it’s never too cold.  The year-round temperature averages 72 degrees.

The locals are welcoming.  It’s safe.  And it’s cheap. 

Image courtesy of pixabay.com

Read the rest of the article at AssetBuilder

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions.

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