Already subscribed brother thx for sharing !! I'm mexican but been in the states for over 20 years and planning my retirement in 🇲🇽 I love anything to do with investments either here or there let's diversify 😉! Keep sharing please 🙏
@yeshuaismyredeemer I love Baja California, Queretaro, Michoacan, Guadalajara! Not sure where I'm going yet! Probably everywhere lol un rato aca y un rato alla 😂 I'm 45 still want to work a few more years on my profession!
Such great info and sharing. Makes me sad the think people from USA not friendly. I do know what you mean. The last decade, political, financial, covid. So many stressed. We have recently visited the area you are building in. Lake Chapala, Ajijic. We are seniors, have 2 adult sons.Very busy they are. But would not want to interfere with their lives. I am proud of their accomplishments, but family, seniors, culture not the same. We helped parents. Spouse recently diagnosed dementia. Age 73. Still mild but our future will change dramatically. So visited Assisted Living , 4 with someone that knows what we will need. Loved how friendly, loving, peaceful feel of area. Just concerned like all, lack of water, planet issues. So far that area has the most. We do not have long term care, and would not want nursing home care in USA. As a nurse I saw how I would not want to be cared for. We all deserve respect and loving care. I am watching you and family. What a nice family you have. I do hope something left for our sons. If we stay USA, our hard work will not be passed on financially. Certainly our teachings, values will. We would be proud to learn your language and hopefully gain your trust and respect. We both treat all humans respectfully. Raised Catholic. Hope to meet you if we return. Keep on doing what you are doing. Great knowledge, feelings you share. Honesty, Truth!~
Hello and thank you very much for your kind worlds. I hope you find the best fit for your situation, I do think Ajijic overall can fulfill that because of all the amenities they have to offer , also there is good hospitals if need be. I think retirement in the US is super difficult, if your aren’t well prepared what should be the best part of your life, could be the worst. Blessing to you.
I’ve been married to a Mexican chick for 10yrs & one difference I notice is that in Mexico they give all of the kids a house or a piece of land when they’re really young…it’s interesting. In America, it’s usually once your folks die, they’ll leave you with what they have. Is the style in Mexico, of giving kids homes/land while young, to avoid taxes?
Yes in part. If my pops would of waited I would had to pay inheritance tax which is like 22% but I’m not 100% sure. In his situation he was able to give us our inheritance and still have enough for him to live well. Smart dude I hope I can do the same for my kids
Hello there! I really enjoyed this type of content. I'm in my mid thirties now and I'm looking for ways to be financially secured as I become older. Thank you!
What about the exchange rate? Should you invest with dollars when the peso is getting stronger or weaker, against the dollar. Do you invest in pesos and get paid in pesos?
Hello sorry for late answer. I’m not a big fan in investing in exchange rate. However trading at the best time does make you some good money. My pops does that. He saves his pension money till it’s at least 19 pesos. But he can afford to wait. I can’t lol. If your in his situation I would recommend it. It if your not I think Cetes guarantees at 11% return on your investment. My pops who does investments in now fully vested in cetes because of the return rate.
Is it possible for you to share that spreadsheet? By email? I plan to move to Mexico in 2025 around June. Will rent first amd then buy something.. looking at Veracruz
Hello. Im glad it helped a bit. No I tried opening one here by HSBC but if you open in the US it’s considered a US bank account. You have to open an account in Mexico
I'm going to ask this differently from the way I said it previously, but is there a way to invest a US IRA in Cetes? I know you can't transfer directly without penalty, but maybe there is an IRA investment vehicle that is invested in Cetes?
I tried finding out information about this, nothing indicates it’s possible. Actually the only way to buy CETES is through a Mexico bank only. They are not available even en (bolsa de valores) stock market. It appears that you have to buy in directly. I’m not sure if that helps. Sorry if I couldn’t be of much help
Hola 👋 do you have a reference for a lawyer in Chapala that can help with our Mexican residency? I just requested our appointments for our consulado and I’m getting very nervous because of the qualifications rising each year so we feel this must be the year we apply and get approved, we do qualify at least for temporary as far as financials but we here horror stories about the rules and how many times an attorney helped them. I know we need our residency to open a Mexican bank account to then be able to do something like this which is a God send for you to be talking about this for us possibly. As always any help is greatly appreciated, I’d much rather give business to a good local person that you know or have heard of then a random one. 😊blessings in Yeshua
Hello I don’t know of any layer that will take care of residency. However if your in Chapala. The Chapala Society located in down town Chapala. Can help in these kind of things. I heard they are very good. Question, are both your parents Mexican nationals?
@yeshuaismyredeemer , ok sounds good , I'm on a Facebook page now I found with some references but I thank you for responding! My parents are not Mexican national, nor are my husband's very unfortunately and we could have easily got our residency just by showing we used to visit Mexico between 2016-2020 but we used to drive in to go to Puerto Peñasco so since we never flew or never stopped at immigration to get our passports stamped we can't prove that. Now we have to go by financial requirements.
hey victor if i transfer my money to a Mexican account where can i get the best rate to change my dollars to pesos ? i mean where can i get the offcial rate because if i go to a street local exchange house they will not give me the official rate but a much lower
Hello. Yes the best way is to open a Mexican bank account and transfer. That what I do. There’s a small fee but it’s not as much as how much you loose in exchange boxes.
How does the tax work on cetes .I know there is a deduction. But do you pay personal income tax after that deduction too or that deduction covers the whole thing?
First and foremost, gracias for another excellent video. This is very helpful. Hermano, do you have an email I can reach you at to discuss an Asociación Civil for our ministry outreach. Thank you Jesus! King above all Kings.
Very good video. It’s all about balance. I was just telling my wife the other day that we never “estrenamos” always had hand me down clothes.
Thank you very much. It’s also nice seeing all the progress you guys have done in your house. Blessings
Already subscribed brother thx for sharing !! I'm mexican but been in the states for over 20 years and planning my retirement in 🇲🇽 I love anything to do with investments either here or there let's diversify 😉!
Keep sharing please 🙏
Great! 👍🏼. Where are you planning on living in Mexico?
@yeshuaismyredeemer I love Baja California, Queretaro, Michoacan, Guadalajara! Not sure where I'm going yet! Probably everywhere lol un rato aca y un rato alla 😂 I'm 45 still want to work a few more years on my profession!
Such great info and sharing. Makes me sad the think people from USA not friendly. I do know what you mean. The last decade, political, financial, covid. So many stressed. We have recently visited the area you are building in. Lake Chapala, Ajijic. We are seniors, have 2 adult sons.Very busy they are. But would not want to interfere with their lives. I am proud of their accomplishments, but family, seniors, culture not the same. We helped parents. Spouse recently diagnosed dementia. Age 73. Still mild but our future will change dramatically. So visited Assisted Living , 4 with someone that knows what we will need. Loved how friendly, loving, peaceful feel of area. Just concerned like all, lack of water, planet issues. So far that area has the most. We do not have long term care, and would not want nursing home care in USA. As a nurse I saw how I would not want to be cared for. We all deserve respect and loving care. I am watching you and family. What a nice family you have. I do hope something left for our sons. If we stay USA, our hard work will not be passed on financially. Certainly our teachings, values will. We would be proud to learn your language and hopefully gain your trust and respect. We both treat all humans respectfully. Raised Catholic. Hope to meet you if we return. Keep on doing what you are doing. Great knowledge, feelings you share. Honesty, Truth!~
Hello and thank you very much for your kind worlds. I hope you find the best fit for your situation, I do think Ajijic overall can fulfill that because of all the amenities they have to offer , also there is good hospitals if need be. I think retirement in the US is super difficult, if your aren’t well prepared what should be the best part of your life, could be the worst. Blessing to you.
I’ve been married to a Mexican chick for 10yrs & one difference I notice is that in Mexico they give all of the kids a house or a piece of land when they’re really young…it’s interesting.
In America, it’s usually once your folks die, they’ll leave you with what they have.
Is the style in Mexico, of giving kids homes/land while young, to avoid taxes?
Yes in part. If my pops would of waited I would had to pay inheritance tax which is like 22% but I’m not 100% sure. In his situation he was able to give us our inheritance and still have enough for him to live well. Smart dude I hope I can do the same for my kids
@@yeshuaismyredeemer sounds like you have a good dad…and I’m sure you’ll be able to leave your kids something too:)
Hello there! I really enjoyed this type of content. I'm in my mid thirties now and I'm looking for ways to be financially secured as I become older. Thank you!
Your welcome and thank you. 😊
What about the exchange rate?
Should you invest with dollars when the peso is getting stronger or weaker, against the dollar.
Do you invest in pesos and get paid in pesos?
Hello sorry for late answer. I’m not a big fan in investing in exchange rate. However trading at the best time does make you some good money. My pops does that. He saves his pension money till it’s at least 19 pesos. But he can afford to wait. I can’t lol. If your in his situation I would recommend it. It if your not I think Cetes guarantees at 11% return on your investment. My pops who does investments in now fully vested in cetes because of the return rate.
Is it possible for you to share that spreadsheet? By email? I plan to move to Mexico in 2025 around June. Will rent first amd then buy something.. looking at Veracruz
Very informative. Thanks for sharing so much valuable information. Do you know if Is possible to open a Mexican bank account from the US?
Hello. Im glad it helped a bit. No I tried opening one here by HSBC but if you open in the US it’s considered a US bank account. You have to open an account in Mexico
I'm going to ask this differently from the way I said it previously, but is there a way to invest a US IRA in Cetes? I know you can't transfer directly without penalty, but maybe there is an IRA investment vehicle that is invested in Cetes?
I tried finding out information about this, nothing indicates it’s possible. Actually the only way to buy CETES is through a Mexico bank only. They are not available even en (bolsa de valores) stock market. It appears that you have to buy in directly. I’m not sure if that helps. Sorry if I couldn’t be of much help
Hola 👋 do you have a reference for a lawyer in Chapala that can help with our Mexican residency? I just requested our appointments for our consulado and I’m getting very nervous because of the qualifications rising each year so we feel this must be the year we apply and get approved, we do qualify at least for temporary as far as financials but we here horror stories about the rules and how many times an attorney helped them. I know we need our residency to open a Mexican bank account to then be able to do something like this which is a God send for you to be talking about this for us possibly. As always any help is greatly appreciated, I’d much rather give business to a good local person that you know or have heard of then a random one. 😊blessings in Yeshua
Hello I don’t know of any layer that will take care of residency. However if your in Chapala. The Chapala Society located in down town Chapala. Can help in these kind of things. I heard they are very good. Question, are both your parents Mexican nationals?
@yeshuaismyredeemer , ok sounds good , I'm on a Facebook page now I found with some references but I thank you for responding! My parents are not Mexican national, nor are my husband's very unfortunately and we could have easily got our residency just by showing we used to visit Mexico between 2016-2020 but we used to drive in to go to Puerto Peñasco so since we never flew or never stopped at immigration to get our passports stamped we can't prove that. Now we have to go by financial requirements.
I need Help on moving To Mexico 🎉
Hello. What specifically?
Hello Victor , would you happen to have information on a realtor? Homes I have viewed on UA-cam are extremely expensive. Help! God bless
Have you tried Chapala Realtors? They seem to have better prices. The problem tho is that home prices are going up everywhere
hey victor if i transfer my money to a Mexican account where can i get the best rate to change my dollars to pesos ? i mean where can i get the offcial rate because if i go to a street local exchange house they will not give me the official rate but a much lower
Hello. Yes the best way is to open a Mexican bank account and transfer. That what I do. There’s a small fee but it’s not as much as how much you loose in exchange boxes.
@@yeshuaismyredeemer so you mean the bank will give a a fair exchange rate??
@@venitocamelo6704 actual the correct exchange rate. They make money off the cost of transfer but not the exchange.
one last question who you are banking with in mexico?@@yeshuaismyredeemer
How does the tax work on cetes .I know there is a deduction. But do you pay personal income tax after that deduction too or that deduction covers the whole thing?
Hello. What I understand is that the tax is taken out at the moment you cash out.
First and foremost, gracias for another excellent video. This is very helpful. Hermano, do you have an email I can reach you at to discuss an Asociación Civil for our ministry outreach. Thank you Jesus! King above all Kings.
@@colibriconsulting4068 hello. Yes reach me at Idiscover.mexico@gmail.com.
I think there's a tax treaty that governs what a US citizen would have to pay.
Ok, I’ll email soon when I get a break from work. We have a proton email addy.