Planning for retirement is no easy task. Statistics show that three of ten US citizens between the ages of 65 and 69 are still working. More than eight of ten Americans are concerned that they may not have saved enough for retirement and this number is rising fast. People who are approaching retirement age – and those who are already retired – are rethinking their retirement lifestyle. The traditional real estate investment, on which many Americans have relied, isn’t performing well and is further jeopardizing workers’ retirement lifestyles.

The cost of health care is rising faster than anyone could have predicted. Most Americans who have saved for retirement are unprepared to deal with the possibility that they may incur $195,000 to $635,000 in uninsured medical expenses after retirement. Medicare coverage is limited and the financial stability of the program itself is in doubt. Even retirees who do have private insurance coverage could be spending as much as $175,000 in uncovered expenses, premiums, co-pays and deductibles.

The cost of health care is precisely why so many Americans – more than 1.5 million to date – have purchased residential real estate in Mexico, where the cost of health care can be 50% to 75 percent lower than it is in the US. Don’t assume that the health care here is inferior because it costs less. That’s simply not the case. In fact, many effective medical treatments are offered here that aren’t offered in the US, and people from all over the world come here to receive these treatments.

You shouldn’t have to compromise your retirement lifestyle when you retire. You should be able to live comfortably – even luxuriously – once you’ve left the world of work. Real estate investment coaching can show you how, no matter what point in your life you’re at. It’s never too late to begin retirement planning.

As you move through life, your needs, resources and risk tolerance changes. Real estate investment coaching can show you how to craft a real estate investment strategy that balances all three of these factors in a way that works for you. If you’re ready to consider ways to preserve your retirement lifestyle that don’t involve a lot of risk, please contact Coaching Services today.

Photo Credit: Steve Woods