I guess you have a valid point. But looking at it on from a different view point, Mexico loves and welcomes folks coming down and becoming part of the culture and economy. US dollars are a coveted commodity in a place where poverty is prevalent. And expats become defacto embassadors and show the world what a wonderful place Mexico is to retire and live the rest of their days.
It is awful in a lot of ways, but the US has always been a "pull yourself up by your own bootstraps" country. Independence is highly prized, and SS follows suit. You are supposed to be able to plan for your own financial well being and use SS only as a supplement. I never was much able myself, so I am looking for alternatives (such as less expensive living in MX).
I think Mexico is an excellent place to live and has an excellent society. There's pros and cons, but in Mexico you ARE more Free for certain. In Mexico, the cost of living is lower, so you can live better for less. In Mexico, people have family values and they are kind and respectful of others, too. Certainly, the Mex. gov. is doing an increasingly better job of making health care available - some plans one can join for free and others offer good services at very low prices, unlike the USA that shafts their people with greedy charges - this alone should encourage people to retire in Mex. - it is not perfect, but better in so many ways.
64 year old nurse working full time… if everyone who’s old enough to retire leaves my employer they will probably go under…. People flat out don’t want to work
Good to know SSDI can be collected in Mexico. This opens the door for disabled people who need expensive nursing care to get that care for MUCH less money in Mexico. This is a great thing.
Many people collect SSDI/social security retirement and have to leave the country. I just helped a friend who sustained a crippling injury in a work related job accident. His career is over. The Social security benefits would not even allow him to rent, and pay the bills in the US. With the SSDI benefits, he and his wife would have lived in poverty in the US for the rest of their lives. They brought a small house in a coastal town in Mexico. They are living more comfortable. Ironically, they can afford a nurse, and repair person with their benefits in Mexico. They are contributing to the Mexican economy and have found a new purpose in life. I think the US and other developed nations should encourage retirees to move to third world countries. It's a win win for everyone involved. The retirees live better, and the developing nations get stable incomes injected into their economy. This income will trickle down. Everyone wins.
@@annonima3206 if you want universal healthcare talk to someone in Ireland…. My friend there needed hip surgery and they gave her an appointment for a consult… 2 years and 8 months away!😡so fortunately she was able to take out private medical insurance ( so they continue to tax her for the national healthcare AND she had to pay for private medical insurance… this is the reality of “ universal healthcare “ also when they got national healthcare the Drs and nurses were paid so poorly that a lot of them moved to other countries so now they have a critical shortage… and this is what you want for us…. Thanks a lot
@@annonima3206 the system is broken if you are disabled or old and where never able to save up for retirement you fall below the poverty line there is no safety net people have to go to developing countries to survive
Two things I will say about the debit card are, the money loaded on the card is not in YOUR bank account so you’re not earning interest and if your card gets stolen, there goes your money. I personally prefer Paul’s advice of haunt your funds in the US and then moving money to Mexico when the exchange rate is in your favor. You also limit the downside of your ATM card being stolen.
It’s very simple: keep a US address and bank account and have your pension deposited in that account and withdraw your money with a debit card wherever you live, that’s it.
I worked for US Consulate in Guadalajara Jalisco in 2002. At that time, there where 52,000 expatriate Americans living in Chápala and Ajijic. I imagine there are even more living in Puerto Vallarta. The US Consulate in Guadalajara has a fully staffed social security department to assist with such issues. You might want to check if Puerto Vallarta US Consulate has such a department…or drive 3.5 hrs to Guadalajara 😊
I’m on SSDI and legitimately cannot even afford a studio apartment + bills in a small town on my benefits alone. While the SSA says the benefits are supposed to “help” but not cover living expenses, the reality is, if I could work, or sustain work, I wouldn’t be on SS to begin with - so it’s a catch 22. 🤦♀️ Mexico is starting to look more and more like the better option - and perhaps a healthier, more sane option as well.
You have the most informative and direct to the point videos on moving to Mexico that I have seen. Thank you for doing such a great job and congrats on the growth of your channel!
Thanks for another informative video, Paul. The best TH-cam channel for people that want to move to Mexico. Short and sweet and straight to the point video.
Chase Bank is in Mexico and America. You keep your own account and it's good in both countries. Plus they have credit cards in both countries. I called social security and yes you can keep your SSDI benefits in Mexico. But not SSI. Their maybe a 15 percent cut for larger than the minimum SSDI benefits. I only get $761 so not sure if I would get the 15 percent cut. Medicare can be used in Larger hospitals that contract with them. If you become a Mexican citizen, you can buy their $50 month medical plan. I studied up on many things on this to. Take your time and call your local social security office or the national hot line. They explain everything. Great stuff. Always explore your options every where!
Thank you for your insights. I am interested in retiring in Mexico and your channel is great in giving information about how to do it the right way. Cheers from outside Boston.
I have lived in the Philippines for 10 years now and have my SS direct deposited into my Philippines bank Dollar Account. I don't have to deal with transfer fees and because it's a dollar account I also wait untill the exchange rates are good to exchange for pesos. We also have a SS office here at the US embassy in Manila.
Thank you for this topic. It is something that I was getting ready to explore as I will be retiring soon and once I do, we will be moving to Mexico to retire.
You can collect ssoc benefits while living in other countries whoever said you cant they are wrong. Its even posted on the SSOC site. My parents live in Mexico and collect theirs just fine.!
My sister's scottish ex husband got his pension money from Scotland every month at the ATM here in America, so you can get social security anywhere in the world.
You can collect ss , your retirement check anywheres in the world you choose to live , it's your money , they will sent it to your bank account Wich ever that is in the country you live
If memory serves, you have been a law enforcement officer before moving to Mexico. That has provided you an advantage in carefully describing the nuances one might encounter in moving to Mexico. In other words, you are mindful of "Words have consequences:" and practice that! Thank you, again.
I've just gone to the channel. Yes, I'm subscribed. Y'all are champions! My Mexican Landlord (Maneadero, Ensenada) is trying very hard to intimidate me into a rent hike that's contrary to my Lease. She's in California. Her more devious than smart brother is her agent here. I'm not living comfortably because these two will not keep the structures and systems up, it's a long-term nightmare that ends in March, fulfilling my Lease. Can you find out and tell me if I have recourse? Pretty please?
I was married to an American citizen that’s past away I’m currently living in Mexico I’m Mexican citizen I did live with my husband in the USA during our marriage for more than 10 years
Hmmm, never thought of growing the value through using the fluctuating values of the currency of different countries. Wonder how lucrative that would be to do it in both directions based on fluctuations?
Great vid the info was good enjoy the humor! Having lived out of the us for close to 17 years in Asia South America Haiti and DR to name few my son and I are moving to Campeche Mexico this year and hopefully long term thank you much!!
I've lived in Mexico for 27 years and have no ties to the US -- other than kids and grandkids in the. So, I have no US address that would allow me to have a US bank account. My SS is direct deposited to my Mexican bank account. I found when I received the first stimulous check via mail, that the check was un-cashable in Mexico.
@@DrAJ_LatinAmerica Tony -- I learned long ago not to assume things about other people's lives. I haven't filed an income tax return since I retired in 2010. I don't have to -- if you want to assume something about that. My tie to the US is my monthly SS deposit. PERIOD.
Interesting that you discuss SSI and SSDI but not the common benefit that most workers draw at retirement called Social Security. The two you discuss, as I understand them, are special programs for low income (SSI) and for people who no longer can work due to some disability (SSDI). That leaves the question, can one draw Their retirement Social Security benefits outside the US and if yes, are there any conditions?
I love your videos Thank you so much! You said something about learning skills to make your videos more interesting instead of just standing in front of the camera. Well I think they are awesome but how about a walk and talk, maybe on the beach 🏖️ That would be awesome and beautiful! Thank you again for all your priceless information!! 💕
Yes you can, go to the U.S. consulate in Mexico, S.S. and even you retirement will send your payment to the Mexican bank, thousands of retired do, its not a crime, its YOUR MONEY
I would keep depositing SS benefits into USA banks Acc. and just have enough money in a MEX acc . to pay bills. It has happened before, foreign currencies can become worthless, like Argentina in early 2000's and Venezuela a few years ago.
Great video. For Canadian citizens living in Mexico: Receiving your OAS pension outside of Canada You can qualify to receive Old Age Security pension payments while living outside of Canada if one if these reasons applies to you: you lived in Canada for at least 20 years after turning 18 you lived and worked in a country that has a social security agreement with Canada. The time you lived or worked in that country and Canada must be at least 20 years
Actually my wife and I opened a Citibanamex account in Mexico thinking it was going to be the same but it turns out they are two separate banks and are not linked in any way. When Citibank closed operations in Texas we just switched to a local Credit Union.
I need the name and contact info of the great lady/attorney in Playa del Carmen you said could help foreigners get residency visas. Porfa, porfa, pooooorfaaaaa!!!!!!!! Gracias por tu excelente canal! y videos siempre informativos y utiles!!!!!!!!!!! Saludos cordiales, desde Panaba Yucatan!!!
Adriana Vela is not an attorney; rather, she is an immigration specialist. We've known her about 8 years and she does a great job. Here is her site: immigrationtomexico.mx/about-us/
Great information, thanks a lot for the video. I am planning to retire to Mexico, just don't know where yet. Looking forward to seeing all your videos. Keep up the great work.
I don't wanna part we're supposed to say I don't need a passport to go to Puerto Rico not Portugal My text voice system doesn't work very well Especially when I talk fast
Though one can still receive their SS when residing in Mexico. The process of direct deposit envolved in getting the correct number's envolved to direct deposit is an issue. Banks in the U.S.A. all utilize what is referred to as a routing number consisting of some number's limited to the amount. I believe it's 9 or 10. Mexico's direct depositing process isn't referred to as a routing number and has more than 9 or 10 envolved. Thus making sure which is the hard part, one hires someone who can fill out the form absolutly correct. Meaning that if there is one error, one will not get any check direct deposited to any account until such time the error is corrected which can take months. One better have a considerable amount of funds available to tide them over until such error is eventually corrected. Been there, done that; I've got a dime in the quarter, so I know what I saying.
Hi. My wife and I really miss Z. We are arguing about the cancha municipal ball court. She wonders if the Gazebo is gone or I believe the camera angle and the new 🌴 palm trees are just away from the structure. A video of the changes we are aware your new place is just above in Madera.
Hi Paul, I have been unsuccessful so far looking for information about Mexican taxes on foreign (non US) social insurance or pension money, either in monthly installments or one time payments. I would be interested to learn something about that.
Nice video -- wondering about signing up with US or Mex info. If I sign up in Mexico, I read the pay date is the 3rd, is that consistent? Have you found this to be the way it is?
Yeah, the dollar is weakening against the peso and our rent is about to go up 6%, which is the standard contract percentage increase for rentals. Which might be good for people to know: your rent goes up 6% every year regardless.
@@douglasrobinson8491 I think so, too, but we're only paying $400/mo for a beautiful modern apartment. Inflation in Mexico is one thing, and when they find out you're from the States, they may take into consideration the exchange rate when it's time to renegotiate. Can't blame them too much for trying to get ahead on the exchange rate.
Hi again i plan to move in the fall near rock climbing and will go to your Patreon. Pretty sure I’m going to apply for temp residency. I have researched much already and have good Mexican friends but want to maximize all my efforts. ✌🏼🇮🇳
Please talk about green card holders. I never became a citizen and didn't know that they will take out 25.5% of my check. It's my money I earned it! I knew I wasn't going to be able to retire in California so didn't want to file a tax return til death. But didn't know about or have never heard about this. When does SS decide you are not a green card resident for tax purposes. So confused
My late husband was born in Mexico came to us at age approximately 3. Does the same apply when it comes to a surviving spouse in receiving his social security benefits? Thank you
Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide bit.ly/3SICdD0
Boost Your Spanish th-cam.com/video/Nzc1oRSAPQ0/w-d-xo.html
Qroo do you know if there’s a way to get financed for a car in mexico with only a U.S bank and proof of income from the states?
😊😊
@@hitters9714
Shame belongs on the US, that so many can't afford to retire in our own country. 🤨
I guess you have a valid point. But looking at it on from a different view point, Mexico loves and welcomes folks coming down and becoming part of the culture and economy. US dollars are a coveted commodity in a place where poverty is prevalent. And expats become defacto embassadors and show the world what a wonderful place Mexico is to retire and live the rest of their days.
It is awful in a lot of ways, but the US has always been a "pull yourself up by your own bootstraps" country. Independence is highly prized, and SS follows suit. You are supposed to be able to plan for your own financial well being and use SS only as a supplement. I never was much able myself, so I am looking for alternatives (such as less expensive living in MX).
I think Mexico is an excellent place to live and has an excellent society. There's pros and cons, but in Mexico you ARE more Free for certain. In Mexico, the cost of living is lower, so you can live better for less. In Mexico, people have family values and they are kind and respectful of others, too. Certainly, the Mex. gov. is doing an increasingly better job of making health care available - some plans one can join for free and others offer good services at very low prices, unlike the USA that shafts their people with greedy charges - this alone should encourage people to retire in Mex. - it is not perfect, but better in so many ways.
You have written "can't afford to retire" but things are moving in the direction "can't be left alive" for certain age groups.
64 year old nurse working full time… if everyone who’s old enough to retire leaves my employer they will probably go under…. People flat out don’t want to work
Good to know SSDI can be collected in Mexico. This opens the door for disabled people who need expensive nursing care to get that care for MUCH less money in Mexico. This is a great thing.
Amen
Can I get t medicare outside the usa
@@seachers6124no:-(
Many people collect SSDI/social security retirement and have to leave the country. I just helped a friend who sustained a crippling injury in a work related job accident. His career is over. The Social security benefits would not even allow him to rent, and pay the bills in the US. With the SSDI benefits, he and his wife would have lived in poverty in the US for the rest of their lives. They brought a small house in a coastal town in Mexico. They are living more comfortable. Ironically, they can afford a nurse, and repair person with their benefits in Mexico. They are contributing to the Mexican economy and have found a new purpose in life. I think the US and other developed nations should encourage retirees to move to third world countries. It's a win win for everyone involved. The retirees live better, and the developing nations get stable incomes injected into their economy. This income will trickle down. Everyone wins.
No! We need to tax the rich in order to have universal healthcare & a good social safety net!
@@annonima3206 if you want universal healthcare talk to someone in Ireland…. My friend there needed hip surgery and they gave her an appointment for a consult… 2 years and 8 months away!😡so fortunately she was able to take out private medical insurance ( so they continue to tax her for the national healthcare AND she had to pay for private medical insurance… this is the reality of “ universal healthcare “ also when they got national healthcare the Drs and nurses were paid so poorly that a lot of them moved to other countries so now they have a critical shortage… and this is what you want for us…. Thanks a lot
Well said
@@annonima3206 the system is broken if you are disabled or old and where never able to save up for retirement you fall below the poverty line there is no safety net people have to go to developing countries to survive
@@annonima3206 system is rigged
Two things I will say about the debit card are, the money loaded on the card is not in YOUR bank account so you’re not earning interest and if your card gets stolen, there goes your money.
I personally prefer Paul’s advice of haunt your funds in the US and then moving money to Mexico when the exchange rate is in your favor.
You also limit the downside of your ATM card being stolen.
The Social Security Administration has an Office of International Operations. I worked there for 22 years, and yes, Paul’s info is excellent.
Thanks, Doug. Take care.
Doug can I apply for my SS benefits from Mexico or so I need to go back to the US?
@@homayamaniShahdoost If you’re near CDMX, GDL, or CJ, there are dedicated people to help at the American Consulate/Embassy.
Thank you for the amazingly simple and concise explanations - these topics can be confusing to many, so keeping it simple is a real benefit.
You're very welcome!
It’s very simple: keep a US address and bank account and have your pension deposited in that account and withdraw your money with a debit card wherever you live, that’s it.
A lot of Mexican Americans retire in Mexico also. I have never heard of anyone not be able to get their Social Secirity benefits that they earned.
Mexico is an excellent place to live and has an excellent society. Buena Suerte, Cuidense
I worked for US Consulate in Guadalajara Jalisco in 2002. At that time, there where 52,000 expatriate Americans living in Chápala and Ajijic. I imagine there are even more living in Puerto Vallarta. The US Consulate in Guadalajara has a fully staffed social security department to assist with such issues. You might want to check if Puerto Vallarta US Consulate has such a department…or drive 3.5 hrs to Guadalajara 😊
Neri do you know if I can apply for SS benefits from the Guadalajara office?
I’m on SSDI and legitimately cannot even afford a studio apartment + bills in a small town on my benefits alone. While the SSA says the benefits are supposed to “help” but not cover living expenses, the reality is, if I could work, or sustain work, I wouldn’t be on SS to begin with - so it’s a catch 22. 🤦♀️
Mexico is starting to look more and more like the better option - and perhaps a healthier, more sane option as well.
You have the most informative and direct to the point videos on moving to Mexico that I have seen. Thank you for doing such a great job and congrats on the growth of your channel!
Thanl you so much!
Thanks for another informative video, Paul. The best TH-cam channel for people that want to move to Mexico. Short and sweet and straight to the point video.
Glad you liked it. :)
Great video, we appreciate you. You don’t need puppet shows when you have excellent content, and you do. So thanks again for all the great info.
Thanks, Dawn.
Quick and to the point I like your style I been asking that Question about SSI for about a year and never got a straight answer thanks
Honest, straightforward information. Qroo Paul takes all the mystery and hassle out of moving to and living in Mexico.
Your videos are fantastic, huge help, thanks for doing this.
Thanks for watching. I'm happy to hear that you find them useful.
Chase Bank is in Mexico and America. You keep your own account and it's good in both countries. Plus they have credit cards in both countries. I called social security and yes you can keep your SSDI benefits in Mexico. But not SSI. Their maybe a 15 percent cut for larger than the minimum SSDI benefits. I only get $761 so not sure if I would get the 15 percent cut.
Medicare can be used in Larger hospitals that contract with them.
If you become a Mexican citizen, you can buy their $50 month medical plan. I studied up on many things on this to. Take your time and call your local social security office or the national hot line. They explain everything. Great stuff. Always explore your options every where!
❤ Great I'm getting SSDI and good to know I'm planning moving to Mexico next year so very soon😊
Thank you for your insights. I am interested in retiring in Mexico and your channel is great in giving information about how to do it the right way. Cheers from outside Boston.
Hi, Amaldo. Thanks for watching. Take care. :)
I agree with what you said 100%. Your information is correct.👍 Thanks for the recommendations.👌
You were born to be a TH-camr 👏🏼👏🏼👏🏼👏🏼
Thank you. :)
I have lived in the Philippines for 10 years now and have my SS direct deposited into my Philippines bank Dollar Account.
I don't have to deal with transfer fees and because it's a dollar account I also wait untill the exchange rates are good to exchange for pesos.
We also have a SS office here at the US embassy in Manila.
Thank you for this topic. It is something that I was getting ready to explore as I will be retiring soon and once I do, we will be moving to Mexico to retire.
I find your videos very informative. You don't need a puppet show!
Yes you can, my brother is american citizen, living in Mexico. and get his social security, directly, into a mexican bank.
Very good video, AND very nivel to have you here .May GOD BLESS YOU .
Thank you, beloved brother for the great advice you offer!
You are so welcome. Thanks for watching.
Yes, answered all my questions regarding my social security monthly retirement benefits . Thank - you. Very helpful.
Thank you! Love your informative direct approach lol but if you can learn to juggle 😎 🆒️ but totally would be icing on the 🎂
Haha
Excellent info.
Thinking Saipan myself. Tropical, english and still in USA.
You can collect ssoc benefits while living in other countries whoever said you cant they are wrong. Its even posted on the SSOC site.
My parents live in Mexico and collect theirs just fine.!
the mail DOES suck here: Which is to say I don't get things sent to me from usa.
Great info. Thank you.Just straight forward truthful info is great. Don't worry about juggling.👍
Yes
My sister's scottish ex husband got his pension money from Scotland every month at the ATM here in America, so you can get social security anywhere in the world.
You can collect ss , your retirement check anywheres in the world you choose to live , it's your money , they will sent it to your bank account Wich ever that is in the country you live
If memory serves, you have been a law enforcement officer before moving to Mexico. That has provided you an advantage in carefully describing the nuances one might encounter in moving to Mexico. In other words, you are mindful of "Words have consequences:" and practice that! Thank you, again.
You're correct. I was a law enforcement officer for 25 years in Florida. Thanks for watching.
I would keep your us bank account no matter where you decide to live over seas
I've just gone to the channel. Yes, I'm subscribed. Y'all are champions!
My Mexican Landlord (Maneadero, Ensenada) is trying very hard to intimidate me into a rent hike that's contrary to my Lease. She's in California. Her more devious than smart brother is her agent here. I'm not living comfortably because these two will not keep the structures and systems up, it's a long-term nightmare that ends in March, fulfilling my Lease. Can you find out and tell me if I have recourse? Pretty please?
Have direct deposit in a USA bank, that refunds ATM fees. Yesyou csn
I was married to an American citizen that’s past away I’m currently living in Mexico I’m Mexican citizen I did live with my husband in the USA during our marriage for more than 10 years
Very concise and always to the point and useful. This is a perfect presentation. Congrats. Love the Spanish culture and people.
Thank you so much, Olivia. :)
Thank you for the information. Have a wonderful day. Please continue to provide information about living in Mexico.
Thanks! You have a wonderful day too. :)
Qroo Paul!!! Living the good life down under. Thanks for the info. This will prepare me for my move to Zacatecas in about 4 to 5 years.
Arriba zacatecas.
Zacatecas is a dangerous place
You can't collect the ssi only within the US and you can leave the country only for 30 days to maintain your ssi eligibility
Hmmm, never thought of growing the value through using the fluctuating values of the currency of different countries. Wonder how lucrative that would be to do it in both directions based on fluctuations?
Great vid the info was good enjoy the humor!
Having lived out of the us for close to 17 years in Asia South America Haiti and DR to name few my son and I are moving to Campeche Mexico this year and hopefully long term thank you much!!
Thank you 4 the info. Hasta luego.
Hasta luego. :)
Very good channel 👍
I've lived in Mexico for 27 years and have no ties to the US -- other than kids and grandkids in the. So, I have no US address that would allow me to have a US bank account. My SS is direct deposited to my Mexican bank account. I found when I received the first stimulous check via mail, that the check was un-cashable in Mexico.
You must have some ties to the US to be able to get a covid19 check. You must be filling your federal taxes so that is a tie to the US
@@DrAJ_LatinAmerica Tony -- I learned long ago not to assume things about other people's lives. I haven't filed an income tax return since I retired in 2010. I don't have to -- if you want to assume something about that. My tie to the US is my monthly SS deposit. PERIOD.
Oh shit,
@@elviejodelmar2795 puedo ser tu heredero?
@@elviejodelmar2795 awesome for you. Did not know that was possible. Sincere thanks
Interesting that you discuss SSI and SSDI but not the common benefit that most workers draw at retirement called Social Security. The two you discuss, as I understand them, are special programs for low income (SSI) and for people who no longer can work due to some disability (SSDI). That leaves the question, can one draw Their retirement Social Security benefits outside the US and if yes, are there any conditions?
I love your videos Thank you so much! You said something about learning skills to make your videos more interesting instead of just standing in front of the camera. Well I think they are awesome but how about a walk and talk, maybe on the beach 🏖️ That would be awesome and beautiful! Thank you again for all your priceless information!! 💕
Awesome, thank you!
Have you done any videos on important documents that expats may need in Mexico, like living wills, medical power of attorneys, etc ?
Thx very much !
Straight to the point! I like that! Thank you!
Thanks for watching.
Yes you can, go to the U.S. consulate in Mexico, S.S. and even you retirement will send your payment to the Mexican bank, thousands of retired do, its not a crime, its YOUR MONEY
There are "Bank of America" banks in Mexico. So you can have your monthly checks deposited in the US and make withdraws in Mexico. Yes, this is legal.
I would keep depositing SS benefits into USA banks Acc. and just have enough money in a MEX acc . to pay bills. It has happened before, foreign currencies can become worthless, like Argentina in early 2000's and Venezuela a few years ago.
Yes. You can collect SSDI in Mexico
Awesome content love it.
Gracias Pablo. Informative as always, keep up the good work
Thanks for watching.
Great video. For Canadian citizens living in Mexico:
Receiving your OAS pension outside of Canada
You can qualify to receive Old Age Security pension payments while living outside of Canada if one if these reasons applies to you:
you lived in Canada for at least 20 years after turning 18
you lived and worked in a country that has a social security agreement with Canada. The time you lived or worked in that country and Canada must be at least 20 years
Thank you for sharing that info. Have a great day!
Old age security pension has nothing to do with CPP
Also I must mention that Citibank and banamex have been joined, so you can use the same account in either country.
Actually my wife and I opened a Citibanamex account in Mexico thinking it was going to be the same but it turns out they are two separate banks and are not linked in any way. When Citibank closed operations in Texas we just switched to a local Credit Union.
@@l.a.ramslvr3143 same like BBVA compass (USA) and BBVA bancomer in Mexico, same name different banks unfortunately
@@losbeaner2 not anymore BBVA Compass was purchased by PNC and now is not affiliated with BBVA Bancomer in Mexico.
Wow great information!!!❤️👍 Thank you
I need the name and contact info of the great lady/attorney in Playa del Carmen you said could help foreigners get residency visas. Porfa, porfa, pooooorfaaaaa!!!!!!!! Gracias por tu excelente canal! y videos siempre informativos y utiles!!!!!!!!!!! Saludos cordiales, desde Panaba Yucatan!!!
Adriana Vela is not an attorney; rather, she is an immigration specialist. We've known her about 8 years and she does a great job. Here is her site: immigrationtomexico.mx/about-us/
Great the presentation was so simple. Thanks.
Great information, thanks a lot for the video. I am planning to retire to Mexico, just don't know where yet. Looking forward to seeing all your videos. Keep up the great work.
That was pretty damn good, thanks for sharing your knowledge with us
Thanks for taking the time to watch the video and leave a positive comment. :)
I don't wanna part we're supposed to say I don't need a passport to go to Puerto Rico not Portugal My text voice system doesn't work very well Especially when I talk fast
Can you now move to Thailand or Vietnam to leave and teach us things in those countries, you are awesome sir thank you god bless
great vid ! Thanks
Though one can still receive their SS when residing in Mexico. The process of direct deposit envolved in getting the correct number's envolved to direct deposit is an issue. Banks in the U.S.A. all utilize what is referred to as a routing number consisting of some number's limited to the amount. I believe it's 9 or 10. Mexico's direct depositing process isn't referred to as a routing number and has more than 9 or 10 envolved.
Thus making sure which is the hard part, one hires someone who can fill out the form absolutly correct. Meaning that if there is one error, one will not get any check direct deposited to any account until such time the error is corrected which can take months. One better have a considerable amount of funds available to tide them over until such error is eventually corrected. Been there, done that; I've got a dime in the quarter, so I know what I saying.
Hi. My wife and I really miss Z. We are arguing about the cancha municipal ball court. She wonders if the Gazebo is gone or I believe the camera angle and the new 🌴 palm trees are just away from the structure. A video of the changes we are aware your new place is just above in Madera.
I still have time but I have so much to learn. Thank you sir for your videos!
You are very welcome!
I recently did a research on this and there are only a handful of countries that US can't send the $ to (e.g. Cuba).
You are do a great job thanks
Great insights thanks so much. Keep em coming.
Excellent video and straight to the point.
Thanks, Timothy. :)
Hi Paul, I have been unsuccessful so far looking for information about Mexican taxes on foreign (non US) social insurance or pension money, either in monthly installments or one time payments. I would be interested to learn something about that.
Are U.S. social security/ pensions taxed in Mexico as income?
No. They will continue to be taxed in the U.S. only.
Nice video -- wondering about signing up with US or Mex info. If I sign up in Mexico, I read the pay date is the 3rd, is that consistent? Have you found this to be the way it is?
That is certainly good to know!
Yeah, the dollar is weakening against the peso and our rent is about to go up 6%, which is the standard contract percentage increase for rentals. Which might be good for people to know: your rent goes up 6% every year regardless.
wait it does? That's crazy. 6% ?
@@douglasrobinson8491 I think so, too, but we're only paying $400/mo for a beautiful modern apartment. Inflation in Mexico is one thing, and when they find out you're from the States, they may take into consideration the exchange rate when it's time to renegotiate. Can't blame them too much for trying to get ahead on the exchange rate.
Thank you your very informative
I’m planning to go. Can’t decide between Cozumel and Playa del Carmen. I will never even visit Trumpland again.
What about Canada
I know you said that baja is the wild west but can you talk a little bit about moving there? I'm going to retire there next year.
Just go! It's not wild anymore. The 1 is paved to Cabo. Have fun.
Thanks
Welcome
Gracias, amigo mio.
Hi again i plan to move in the fall near rock climbing and will go to your Patreon. Pretty sure I’m going to apply for temp residency. I have researched much already and have good Mexican friends but want to maximize all my efforts. ✌🏼🇮🇳
Sounds like a great plan! I've never tried rock climbing myself -- too afraid of heights. Have a great day!
Great information 👍
What about health insurance ssi Medicaid ssdi Medicare
Hello Paul,
What address do you recommend using for your US based bank accounts? Since you live in Playa......
Great info. Thank you!
In the beginning you said you can collect SSI but at the end you said you can't. Please clarify
Are US benefits taxed in Mexico? Are USA IRA distributions taxes in Mexico? If I convert an IRA to a Roth do I pay taxes in Mexico?
Please talk about green card holders.
I never became a citizen and didn't know that they will take out 25.5% of my check. It's my money I earned it!
I knew I wasn't going to be able to retire in California so didn't want to file a tax return til death. But didn't know about or have never heard about this. When does SS decide you are not a green card resident for tax purposes. So confused
Hello Paul.
What about spouse survival benefits? Is it possible to receive overseas? Thank you
What about SSA disability from my deceased spouse?
My late husband was born in Mexico came to us at age approximately 3. Does the same apply when it comes to a surviving spouse in receiving his social security benefits? Thank you