RETIREMENT LIVING
Enjoy la Buena Vida in Mexico
Kiplingers Retirement Report, April 2006


PATT BARRACK, a former medical secretary, and her husband, Robert, a former firefighter, were all set to retire to Florida a couple of years ago. Then the hurricanes came, delaying construction on their dream home. So the Barracks changed plans. They read a magazine article about retirees in Lake Chapala, Mexico, 30 miles south of Guadalajara. They found a real estate agent on the Internet and paid $236,000 for a three-bedroom home with a swimming pool. A few months later, after selling their home in Lake Anna, Va., for $325,000, they moved to their new community, where thousands of other American retirees live. “You can’t beat the weather,” Patt, 65, says. “And you don’t have the hustle and bustle you have in the States.”


Factor in Medical Care


Before moving, the Prawers bought a health-insurance policy from a global company that specializes in issuing policies to Americans who live abroad. If you’re between 60 and 65 years old, expect to pay premiums of about $3,000 for a plan with a $1,000 deductible, says Derek Patterson, a broker at eGlobalHealth Insurers Agency (www.eglobalhealth.com). But a man between 65 and 70 can expect to pay more than $8,000 a year, he says.

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