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Wednesday, March 17, 2010

MONEY: U.S. retirees find home in coastal Mexico

Jamie Reynolds, a 63-year-old retiree who lives in the El Pescador area, watched the sun set. Reynolds, like four out of five of the retiree-study respondents, owns his home in Mexico.

First of five studies reveals price and proximity to U.S. are big draws

MONDAY, MARCH 15, 2010 AT 12:04 A.M.
PHOTO BY JOHN GIBBINS


A newly released study on U.S. retirement trends in Mexico’s coastal communities takes an updated snapshot of Rosarito Beach, Rocky Point, Puerto Vallarta, Cancun and other areas where many Americans go to retire. The study’s authors say their survey marks an important first step in meeting the needs of a group that is likely to grow in size as U.S. baby boomers reach retirement age.