It’s hard to believe that we’ve been in Mexico for two years now. It seems like only yesterday we were stepping off of a plane at the Cancun airport with 99% of our remaining belongings packed into four suitcases, determined to make a new life south of the border.
The other day, Linda and I were lounging around the pool at a nearby resort here in the Riviera Maya when I asked her if she ever regretted the decision to move to Mexico. She took a sip of her Margarita, smiled and responded, “Nope.”
Of course, I knew the answer before I even asked the question.
Linda and I both agree that the last two years that we’ve spent in Mexico have been the best of our lives. We’ve traveled, met wonderful people, had amazing new experiences and we did it all on a fraction of what we used to spend each month when we lived in the U.S.
Choosing Experiences Over Money
When we made the decision to retire young and move to Mexico, we knew that we would be giving up a substantial amount of future income.
Linda had a successful career and wasn’t eligible to retire yet. In my case, I was eligible to retire; however, I was also had the option of participating in a deferred option retirement program (DROP). The second option would have substantially increased my retirement nest egg over the following five years.
With DROP, I could have continued to work, collect a salary, and my monthly retirement benefit would have been placed into an account that accrues interest. So in essence, it’s like earning two checks for five years.
We walked away from all of that potential income and moved to Mexico to live on only the modest pension of a public servant. We decided that experiences were more important than money and we wanted to enjoy a new adventure while we were still fairly young and healthy.
Although we lost 67% of our annual income, our quality of life is better in Mexico than it was in the U.S. The low cost of living here means that we have enough disposable income each month to go out and enjoy life to the fullest. We couldn’t be happier.
Let’s Wrap This Up
We wouldn’t have traded the last two years for anything in the world. The best part is that the second year was even better than the first. If this trend continues, we’re optimistic that the third year will be absolutely phenomenal. We’ll keep you updated via the blog.