Want to move to Mexico (utilities, income, income tax, living)
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You will get your money the same as if you live in the US, but you likely lose all healthcare benefits unless you return to the US for treatment. All these retirees living in Mexico still get their pensions and social security just the same and find healthcare so reasonable in Mexico they really don't miss Medicare or whatever private insurance benefits they received unless. One thing to note, if you are getting pension money expect to pay state income tax on it from the state you earned the money.
Thanks for your help. I forgot to mention that my wife has dual Mexican/American citizenship. I assume that makes the income requirement a bit easier. We plan to move to Oaxaca where my wife is from.
Nominally, no problem. All Social Security benefits, both old age and disability, are still fully payable no matter where you live, as long as you are US citizens. But if your Mexican wife is receiving SS benefits, they may be affected if she remains abroad for a long time without maintaining US residency. However, Medicare will not pay one cent of medical bills incurred outside the USA, fopr anybody If you are sure you will remain in Mexico forever, opt out of the Medicare premium, but if you do, you can't get back in without a substantial penalty.
If you are concerned about any other forms of retirement income, a safe solution is to have it direct deposited into your US bank accounty, and use an ATM card to access it while abroad. Which you can continue to do for many years without anyone paying any attention to it. Make sure you have a trusted friend back home who can take care of business for you if the need arises, so you can maintain a USA address and an appearance of residency. Not always necessary, but might come in handy.
Thanks for your help. I forgot to mention that my wife has dual Mexican/American citizenship. I assume that makes the income requirement a bit easier. We plan to move to Oaxaca where my wife is from.
Just put everything local in your wife's name (bank, utilities, rental agreements). You can legally own property in Oaxaca without a visa. You really won't need a resident permit as long as you don't do any paid work and leave the country every 180 days as dictated by the tourist visa. If you can qualify for one might be worthwhile to get for the importation rights you get.
If you reside in Mexico, you don't do that on an FMM. The government as a more proper category residents are expected to comply with. Check with the Mexican consulate nearest to where you now live, to verify the income requirements for the family or if they apply solely to you - for the visa.
If you reside in Mexico, you don't do that on an FMM. The government as a more proper category residents are expected to comply with. Check with the Mexican consulate nearest to where you now live, to verify the income requirements for the family or if they apply solely to you - for the visa.
Actually in a couple of published interviews Mexican officials actually suggested living on tourist visas for those who couldn't meet the new requirements. They said there is no problem with leaving and returning as long as the 180 day rule is followed and the fee is paid. It's just a hassle to do it, but as long as one has a Mexican spouse it really isn't that difficult.
Actually in a couple of published interviews Mexican officials actually suggested living on tourist visas for those who couldn't meet the new requirements. They said there is no problem with leaving and returning as long as the 180 day rule is followed and the fee is paid. It's just a hassle to do it, but as long as one has a Mexican spouse it really isn't that difficult.
The law is quite clear. If the government was fine with people residing in Mexico on a tourist card ... it wouldn't have gone through all the effort to strengthen the residence requirements it put into effect at the end of last year. The tourist card is for tourists. Period. That's my understanding of the law ... and I believe it's how the regulations read. I recognize that some expats disrespect Mexico to the point of ignoring the regulations, and also that there immigration regulations can, at times, be haphazardly applied.
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