Ajijic Mexico: BEFORE Retired in Ajijic Mexico We LOST 50% of our RETIREMENT SAVINGS
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- čas přidán 8. 09. 2024
- Retire in Ajijic Mexico How We LOST HALF of our RETIREMENT Income and SAVINGS.
In this video we tell the story of how we were planning and saving for retirement. One day, after 6 years of traveling / RVing through the US, we got a call from our financial advisor saying that we really need to work on our financial management and personal finance.
The stock market crashed and we lost half of our investments which forced us to go into survival mode and take a serious look at our retirement plan. At our age, losing half our retirement savings forced us into living frugal.
We are baby boomers and a lot of people in our demographic would benefit greatly by becoming expats in Mexico. Mexico offers excellent options for cheap retirement or retiring on social security.
We decided to look into options abroad - eventually moving to Mexico to retire cheap. If you're interested in budgeting or investing, we hope to help you improve your financial education and personal finance situation. This is our story, what will yours be?
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2008 was a VERY tough year. It literally was a "perfect storm" where basically any type of investment crashed. I was lucky like you -- I held on to my investments and all rebounded. HOWEVER, I did do one thing (I was in my mid 40s), I did get a financial adviser and was told to do 60% stocks / 40% bonds instead of being heavily invested in equities (which I was at the time - I was doing my own investing). 2008 was a wake-up call for me - I seeded professional help. I basically froze and didn't do anything in 2007-2009 while my portfolio tanked. There was nothing I could do. Again - LOVE your videos. AND MAYBE in 2019 I will make it down to Ajijic for a week with a buddy of mine. Hopefully, we can take you two out to dinner.
We are looking forward to meeting you in 2019 Thank you for your comments and thank you for being a subscriber.
Jerry and Lori Brown
Thanks Jerry & Lorri for all your great stories. We love it :) My mexican wife (Gdl) and me (German) lived and worked in MEXICO for 9 years and we are thinking to go back to MEXICO (we are now in USA) in retirement in the next years. Your videos give us a great guideline for the next steps. Year end we might visit Ajijic to feel this community. Thanks and keep on !
Alan & Katherine Retire In The Sun For Less Money And Enjoy Co Housing Community czcams.com/video/oIHLV_yW0NE/video.html
Jerry Brown & Lori and Jim & May r a few of my favorite CZcamsrs providing excellent information for folks!
Jim & May Living On $650 Month And Working in Mexico czcams.com/video/3UMx8hFV-aM/video.html
Thank you for all the info. We moved to Chiapas in September and watching your videos helped a lot.
Single Women retires in San Miguel
czcams.com/video/ogaj1ABjqs0/video.html
Great video! Really inspiring and motivating. Thanks to you both!
Our pleasure!
Hi Jerry and Lori. Thanks for the freeeee video. Another good one. Thanks.
You're the greatest
We all lost tons of money in 2008. Now no more stocks right? It was a good time to buy real estate at the crash. And if you bot stock right after the crash, if you had known that, you would've made a lot of money. You can make 8% interest in a bank account now in Mexico, right? Did you buy a house in Mexico? Hey thanks Jerry and Lori! Great story and videos. Maybe see you in Mexico.
I enjoyed hearing your background and how you came to live in Mexico. A few points I got out of it is, don't pay for an advisor who is only advising after the fact. If you are invested in quality investments, hang on, it will come back. Finally, live within your own means, because you never know what the future will bring you.
Thank you for your comments. Lori and I appreciate you and thank you for being a subscriber.
Jerry and Lori
Wonderful story, so nice to know more about you. This happened to my husband and I, lost 70% of our portfolio. Thought are retirement would be ok till 2008. You 2 are the bomb! 🌷
Lori and I appreciate your comment.
Thank you
Jerry & Lori
Thanks for your honesty. Jim and My are wonderful people too.
Jim & May Living On $650 Month And Working in Mexico czcams.com/video/3UMx8hFV-aM/video.html
Good story. Useful information. Thanks
Thanks again for joining our family!
Jerry & Lori Brown
Little video about Lori I thought you may enjoy. Just for fun
czcams.com/video/7DjKAa7egLY/video.html
You are such a Gentleman Jerry and Lori is just a gem...love you both another interesting video.
That was lovely. Love you guys and I am enjoying your channel.🌸
Jerry & Lori Story Part 2 czcams.com/video/aVwm4hyKKMM/video.html
The company I worked for went belly-up in 2010 and took our company retirement with them. It has been difficult since, just living off Social Security, after my savings was used up. I own my home and that has been my blessing. I am thinking of selling it and moving to Mexico. The only thing that keeps me from doing so is that my children are spread out throughout the states and I would not get to see them as much as I do now.
It's getting harder and harder to live on Social Security in the United States. One alternative is if you move to Mexico maybe they can come down and visit you.
Single Women using here social security retires in San Miguel czcams.com/video/ogaj1ABjqs0/video.html
I hear your dilemma but if they are all spread out now, it must be difficult to see them anyway. I use Skype to keep in touch with family back in Canada, and I can guarantee you that when winter sets in, you may get a few visits in Mexico from your kids anyway.
You two are so joyful, happy and appreciative about life that I look forward to meeting you some day. I've been exploring retirement in Mexico for some years and still 4 years away to the transition. Visited San Miguel, Ajijic and Moreila before I found your videos but now because of your videos I feel more enthusiastic about retirement in Mexico. Many thanks for all your great information and enthusiasm.
Frank & Stevie A couple Retiring Mexico Beach czcams.com/video/MAlRpkQPMUE/video.html
Retiring at 43 The Secrets To Retiring: Lo de Marcos czcams.com/video/jnAe1lslIWk/video.html
Great energy and info you guys bring! Love it!
Lori and I are happy that you enjoyed our video and we appreciate your comments.
Thank you
Jerry and Lori Brown
You guys are the best!
Haurqermer swartz Your the BEST
Thank you very much!!!
This is a great one. Like that it’s casual and about you.
Great reply your words are so encouraging we appreciate you very much.
Thank you for being so supportive.
Jerry and Lori Brown
I fully understand what you are saying about unexpected investment losses. My IRA has been managed by advisors on Barron’s top 100 list. Guess what? The only thing that saved my IRA from the Great Recession was that I lived long enough for it to recover to pre Recession levels.
I think the big downside comes at age 70 1/2 when you are required to make distributions to meet the RMD. If there is a market downturn you have to take the required percentage out or be penalized. This accelerates your losses. Maybe a ROTH IRA is the way to go.
I’ve been retired 20 years. During that time the Market shocks have been...Tech Bubble...Fed raising rates....Fed lowering rates....sub prime mortgage crisis..etc.
Nice comment and Lori and I appreciate you very much. See our upcoming videos #1 your money will last 30 years
#2 earn 8.25% on investment in Mexico
You answered so many questions about why you live in Mexico. I always wondered how you picked Ajijic, great to hear more about why you're doing what you do. Lori is such a survivor, I admire her so much. We've been living in San Miguel for 5 years, but I'm getting itchy feet and trying to talk my husband into seeking some alternatives. Love your videos.
Queretaro would be our next chose to live in Mexico. But We Love San Miguel
Part 1 Queretaro Mexico: czcams.com/video/7PmTICPC12o/video.html
Part 2 Queretaro Expat Moving to Queretaro Mexico: czcams.com/video/GdMwWkGakfU/video.html
❤❤❤❤ Yes. Thank you for sharing about your lives and do share more.. You are good people.I love you guys.
Thanks again for joining our family!
Jerry & Lori Brown
Little video about Lori I thought you may enjoy. Just for fun
czcams.com/video/7DjKAa7egLY/video.html
Thanks for sharing...we love ur videos. May god bless you both.
Thank you for your comment you're the greatest.
Women retired in Mexico
Lynn Retired Single Woman Moved to Mexico is it safe ? czcams.com/video/Cibe5C4T1O4/video.html
I’m glad your investments recovered. You are providing a nice service for those planning on retiring. 👍Mexico looks better every day. Your shirt is very nice. I’m guessing Lori made it.
YES, Lori did make my shirts. THANK YOU
J&L
Charles Schwab online banking comes with free access to withdrawals from any ATM in the world. Yes FREE.
Yes, Charles Schwab has no foreign transaction fees with her debit card.
I too lost half of my investment portfolio value but was not in retirement yet. The following ten years have been difficult being self employed and a homeowner in the US. I too stuck it out and have seen a nice rebound since. However I couldn't continue to invest as I could prior to the recession and haven't been able to accumulate as much as I had hoped as I near retirement. Trying to stick it out a while longer as much as I can. Glad I didn't panic and sell! I wonder where it was that you traveled in the motor home?
We lived in the motorhome for a year and a half and concentrated on the middle of the United States to the Pacific ocean and some of Florida. We love the lifestyle but it was very expensive so we sold the motorhome and moved down to Mexico that was 10 years ago.
Yes, I just got temporal visa , because the permanente visa wants me to have $2,600 a month income, which I don’t have, just cash which they don’t look at as income of course. This is a reality check, but Mexico is for me the flights to California and Seattle are so cheap. lol at that as a Europe is tooo farrrr etc. thank you for your numbers, so much.
Yes , very useful.
Good Information
Thanks for sharing
It's only a loss IF you sold the stock. If you held it then the turn later would have brought it back.
Rich Lo : _NOT_ if you were holding GE stock!
Rich Lo if you were already well into retirement and suddenly living on principle for quite a few years, that part doesn’t come back.
Did your portfolio rebound? And did you give up Hawaii home? I am looking @ Puerto Vallarta for retirement and as a Canadian, its difficult to give up the medical. Do you have video focus on senior medical coverage in Mexico? Thanks Jerry & Lori.
Yes our portfolio did come back we did not sell but did a hold until the market changed in our favor.
In 2012 we went back to Hawaii and bought a small beach cottage today we rented out year-round and live in Mexico full-time.
See this video Mexico health insurance for expats. Ajijic Jalisco retirement community saving 50% for COVID-19
czcams.com/video/yyOP1QIVk38/video.html
Love the videos.
My question is what happens when a spouse dies? Thank you, Sherry
Hola from Merida amigos 😊
1 Month Living In Mexico Expenses Living & Retire In Mexico czcams.com/video/eqRgjzfp0LI/video.html
Didn't everything go back to the price before 2008?
Over a period of several very long, worrisome years it did. Market crashes happen suddenly, market recoveries happen slowly.
He said that about min 7.
Not only did it come back it has tripled!
What's y'alls net worth and monthly SS? I know I know, that's much too intrusive? MY BAD.
Our one month expenses in Mexico czcams.com/video/9-PNL7e-KKA/video.html
Is it safe in Mexico czcams.com/video/2iyQYsPka9A/video.html
Retiring at 43 The Secrets To Retiring: czcams.com/video/jnAe1lslIWk/video.html
Retire in dignity, I don’t know if many understand that, but it’s why I would like to leave the US. It’s impossible to retire in dignity even with a pension.
To travel in dignity and retire in dignity is when you are debt free and living within your budget even better living below your budget. The times that I have been most happiest in my life has been when I have lived a simple life and lived on a budget that was under my income.
Retiring at 43 The Secrets To Retiring: czcams.com/video/jnAe1lslIWk/video.html
Retiring on $300 a month in Mexico czcams.com/video/SIMQbWudYjk/video.html
Retire Southeast Asia Budget travel $25 A Day czcams.com/video/CgjtTRUBDIg/video.html
Most importantly, did you stay in the markets till it came back roaring?
I would not have stayed in myself.
YES WE STAYED IN and it recovered Plus see my next videos ( next 2 weeks )
#1 4% rule guarantee 30 years retirement income.
#2 8.25% return on CDs in Mexico
Why do you keep telling people they can live there for 600 a month. Don't you have to prove to the Mex Gov that you have guaranteed 2,000 a month income to get a long term visa?
If you want to live here on a temporary visa or a permanent visa you have to show the Mexican government you have anywhere between $1400 a month to $1700 a month each person.
But if you come down with the tourist visa you do not have to show the Mexican government any income so you can Live here six months a year then go back and renew you're tourist visa for another six months this is how people are LIVING on $600 a month.
We could not do this BUT
Lori would like to ask you a question could you live on $300 a month? Please let us know if it's possible.
Retiring on $300 a month at the Beach in Mexico czcams.com/video/SIMQbWudYjk/video.html
Jerry are you and Lori US citizens? Do you still pay US taxes? I am very interested in the possibility of moving to San Miguel de Allende fro WA State USA. I am on Social Security Disability and after taxes my monthly income is $1184.00 i also receive a small State pension of approximately $365.00 that covers my medical expenses after Medicare and my dental insurance.
Yes Linda we are United States citizens and we do pay all of our taxes that are old to the United States government. See these next videos. Also with your Social Security and pension you'll be able to live in San Miguel
Social Security In Mexico: czcams.com/video/0_jzg7w4R6c/video.html
Banking In Mexico czcams.com/video/8qfQAaJ6gnU/video.html
Medicare In Mexico czcams.com/video/wPfcyDtMD8k/video.html
Temporary Visa czcams.com/video/B8aBRWfH0IU/video.html
Thank you so very much for your response. I’m very much appreciate it. I have seriously been considering this for quite some time. I was told by a traveler I met that is an American’s income is under approximately $95,000.00 per year no taxes would be owed. He very well may have been incorrect. However I do still have many questions about cost of living in Mexico. I highly doubt however that I would choose to own a car in Mexico. From what I understand public transportation is relatively inexpensive. I am so extremely grateful for your input. As Jerry Brown Travels what can you tell me about the cost of long time rentals and short time rentals? The utilities that are included in the cost of the rent and what is not included? I’ve looked at some on line that were $500.00 to $600.00 per month, furnished. At that rate of rent generally are more utilities included? I hope you can help me.
Is Mexico a good place to move your retirement funds from US banks after you retire in Mexico?
Mexico devauled their currency in the past and many folks lost a lot of money
Thank you for the warning. I want to move to a warmer climate but I certainly don't want to lose money when I do that.
Julie Gurley. Just convert the funds you need for 1-3months of living expenses at a time.
Do you think this is the best plan whether you are in Thailand or Mexico?
We enjoy Thailand, Cambodia and we looked at living in both places but we chose Mexico because it's so close to the United States if Thailand and Cambodia or as close as Mexico is we probably would choose Thailand because of the beaches over Cambodia.
Lazy Beach ( bungalows resort on a secluded beach )
www.lazybeachcambodia.com
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Retire and Live on $500 a month?
czcams.com/video/p0TxblxT1ak/video.html
Do you have Patreon set up? So people can donate
Are you kidding me? They don't need money. Have people donate for a charity for the poor Mexican families in the area
GreenMasterMike thank you we will be launching our Patreon video soon.
Vicki Ladu you are 100% correct and we recommend the same thing. we will be launching our Patreon video soon But only if you feel you receive value and we have helped.. After our Patreon video comes out let me know what you think Vicki.
Doing 2008 every one lost 50% on their investment.
Mexico Home Long Term Rental $850 czcams.com/video/HGzPUzWbx8A/video.html
Chapala Mexico $650 Long Term czcams.com/video/EXlBAnxNVi4/video.html
Do most retired American expats keep paying for their Medicare part b coverage, which is now $135 a month I think.
About 10% of our friends stopping part B because they are committed to living here and not use Medicare.Dentist Mexico 75% OFF Ajijic,Lake Chapala czcams.com/video/gui4II2E1Dw/video.html
50% OFF Medical insurance Ajijic, czcams.com/video/7Lzt92Sn6iQ/video.html
Typical...Jerry loses half of what HE’S EARNED (Lori doesn’t strike me as the breadwinner in the relationship) but yet she’s the victim by the stress caused by Jerry’s portfolio loss.
Dont judge a book by its cover, especially an Asian woman! They tend to be very entrepreneurial and successful at it.
They mentioned ( I think) she owned a restaurant in Hawaii.
First They Killed My Father:Lori Escapes The Killing Fields Of Cambodia To Freedom: Ajijic czcams.com/video/u_3K9q28SVU/video.html
YES SEE THIS ABOUT LORI
Lori Escapes The Killing Fields Of Cambodia To Freedom: Ajijic czcams.com/video/u_3K9q28SVU/video.html
Lori had a house cleaning Business with four employees.
Ok Jerry , so you lost half your portfolio, 10 YEARS AGO. You left it alone and it rebounded greatly as millions of portfolios have. Sad useless story pal...you are still a millionaire, right? What was the point of including that story? Clickbait? Telling people that they can live well on 600/month is disingenuous at best. I've been to the Ajijic and Chapala areas, I know.
Do you feel better? Other than come to criticize someone you obviously don't like, you added nothing of value.
@@HamiltonRb And your "value" was ?
@@mtradz I already commented below on what I got out of it. Sometimes if you have nothing positive to add to a free video that you choose to watch, its best to just not say anything.
@@HamiltonRb Keep drinking the Kool-Aid...
@@mtradz Nobody asked you to watch the video, or to give a thumbs up to your own comments. That is lame as hell.
Subtitles for the Asian lady would be helpful.
Thank you for being on the Jerry Brown travel adventure.
Jerry &. Lori Brown
Bridgeburner In what language do you need subtitles?
Hi Jerry and Lori! Useful and interesting info. Thank you both. ❤️❤️❤️