Live by Design: Mexico Edition (with Taniel Chemsian)

Episode 31 - Navigating Real Estate in Mexico: Coastal City Insights

In this episode of Dream Retirement in Mexico podcast hosts Risa Morimoto and Taniel Chemsian provide valuable insights into acquiring and owning real estate in Mexico's coastal cities, with a specific focus on Puerto Vallarta.
They discuss the nuances of legal requirements, tax considerations, and neighborhood exploration, offering practical advice for potential property buyers. It's an informative and valuable resource for anyone considering retirement or property investment in Mexico.
 
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments: 
04:30 Ownership rights secure, heirs inherit property. No probate.
09:22 Renting a condo in Mexico requires tax registration.
12:36 Free webinar offers essential info on Mexican real estate.
15:03 Consult expert, explore diverse areas before buying.
16:59 Exploring off the beaten path in Mexico.

Episode 30 - Navigating Financial Planning for Retirement in Mexico: Tips and Strategies with Bryant Palma

In this episode of Dream Retirement In Mexico podcast our hosts and financial expert Bryant Palma dive into crucial financial planning strategies for retiring in Mexico. From currency exchange considerations to real estate investment insights, the episode emphasizes the need for due diligence and professional advice tailored to individual financial situations.
The discussion provides valuable tips and strategies for navigating the financial aspects of retiring in Mexico, offering a wealth of information for those considering retirement or investment in the country.
 
Interested in learning more about relocating or retiring to Mexico?  
Join our FREE WEBINAR - Dream Retirement in Mexico.   
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Stay tuned for practical insights on retiring and investing in Mexico, and until next time, happy retirement dreaming!
 
Key Moments: 
05:06 Mexico is positioning itself as a go-to country.
09:02 Consider currency and bank options for foreigners.
11:50 Consider using local experts for real estate.
14:42 Currency exchange affects financial planning and priorities.
18:06 Mexico's growth attracts investors seeking stability.
22:10 Notary rules differ in US, Canada, Mexico.
24:55 Notary fees vary by state, shop around.
29:02 Remodeled house led to legal issues. Be cautious.
30:32 Housing prices have doubled, investment in pesos/dollars.
34:56 Mexico offers safe real estate transactions, but caution.
 
 
About the Guest - 
Bryant Palma is a successful entrepreneur and international business professional. After working in the banking industry, specializing in currency exchange, Bryant decided to follow his passion and open his own business. He wanted to provide his clients with a wider range of products and services that he couldn't offer at the bank due to its limitations. Thanks to the support of his clients, Bryant's business has exceeded expectations, reaching the breakeven point in just 9 months, far surpassing the typical 3 to 5 year timeframe for new businesses. Bryant is grateful for the support and looks forward to continued success in his venture. You can connect with Bryant at https://atglegalmexico.com/

Episode 29 - Exploring Puerto Vallarta’s Neighborhoods: A Guide to Retirement and Real Estate Investment

In this episode of Dream Retirement In Mexico podcast, hosts Risa Morimoto and Taniel Chemsian take you on a virtual tour of Puerto Vallarta's neighborhoods, highlighting the real estate opportunities in Fluvial, the romantic zone, and the marina area, while also sharing insights into the 2023 real estate market.
Additionally, Risa and Taniel discuss their personal experiences and property renovations, offering valuable tips for retirees and investors.
 
Interested in learning more about relocating or retiring to Mexico?  
Join our FREE WEBINAR - Dream Retirement in Mexico.   
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Stay tuned for practical insights on retiring and investing in Mexico, and until next time, happy retirement dreaming!
 
Key Moments: 
05:52 Real estate market shows strong travel trends.
09:08 Amapas and surrounding areas see construction growth.
12:12 Investment property tax advice for potential buyers.
15:51 Urban area attracts various demographics with activities.
17:12 Romantic Zone offers varied, limited scenic views.
24:10 Rapid development in the small town of Bucerías.
26:12 Consider pre-construction for rising property values, or rent.

Episode 28 - Navigating Tax Laws Abroad: Reporting Foreign Income and Rental Property Changes in Mexico with Cindy DuChateau

In this episode of Dream Retirement In Mexico podcast, host Risa Morimoto and guest Cindy DuChateau dive into the complex world of expat tax services and the unique challenges of living abroad, particularly in Mexico.
Cindy's firm specializes in US tax preparation and accounting for the American community in Puerto, providing expert guidance on navigating the intricacies of foreign tax laws. The conversation covers crucial topics such as reporting foreign income, changes in digital payment platforms like PayPal, taxation laws related to short-term rentals, and specific IRS forms and reporting requirements for expats.
Listeners gain valuable insights into the implications of these tax changes and the importance of working with knowledgeable accountants who understand the complexities of the international tax system.
Whether you're considering relocating abroad or have already made the move, this episode offers essential information to help you navigate the ever-evolving landscape of expat tax and financial considerations.
 
Interested in learning more about relocating or retiring to Mexico?  
Join our FREE WEBINAR - Dream Retirement in Mexico.   
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments: 
04:57 US citizens and green holders file taxes annually.
09:20 Rentals subject to VAT tax, source location.
12:17 Report tax ID number for rental property.
19:48 Accounting mess with PayPal; separate personal expenses.
22:41 Form 8858 changes and IRS decision in 2023.
24:16 Report foreign assets, income in complex form.
30:45 IRS leniency on retirement withdrawals, tax deferment. New SECURE Act 2.0 and inherited IRAs. Increased age for required distributions.
33:43 Assisting expats to navigate life abroad.
About the Guest : 
Cindy DuChateau is a dedicated advocate for educating individuals about the complexities of US tax laws for expatriates. With 9,000,000 people currently living outside the United States, Cindy's firm focuses on helping people understand their tax obligations when living abroad. She is passionate about clearing up misinformation and ensuring that individuals are in compliance with US law. Cindy's dedication to education and awareness has helped numerous expatriates navigate the complexities of international tax laws.

Episode 27 - Retiring Abroad in Ajijic and Chapala: Navigating Finances and Healthcare in Mexico with Nannette Thomas

In this episode of Dream Retirement In Mexico podcast, hosts Risa Morimoto and Taniel Chemsian are joined by Nannette Thomas to discuss the intricacies of retiring abroad, specifically in Mexico. The conversation delves into maintaining ties to the US while residing in Mexico, including the importance of having a US address, managing US bank accounts, and handling US income. Nannette emphasizes the significance of setting up wills and trusts for individuals living abroad and recommends opening a Charles Schwab account to manage income while minimizing fees effectively.
Healthcare is a crucial topic, as Nannette discusses her experience with the Mexican health care system, including utilizing Medicare and purchasing a private catastrophic insurance plan. She underlines the necessity of having a plan in place for unexpected illness or death while living abroad, stressing the importance of comprehensive coverage and proper preparation. The episode also provides a detailed view of daily life in Mexico, exploring the diverse cultural experiences, adjustments to smaller town living, and the efficiency of services and infrastructure. 
Nannette shares her personal living situation and the cost of living in Mexico, offering valuable insights into the lifestyle options available in the area. Listeners are treated to an informative and engaging discussion, offering practical guidance for those considering retirement abroad, particularly in Mexico. Nannette's expertise and firsthand experiences provide a comprehensive understanding of the financial and healthcare considerations of pursuing a dream retirement south of the border.
 
Interested in learning more about relocating or retiring to Mexico?  
Join our FREE WEBINAR - Dream Retirement in Mexico.   
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments: 
03:38 Expats in the Lakeside region near Guadalajara.
07:30 Adapting to small town life without fast food.
10:26 Friend faced internet transfer issues, communication challenges.
19:42 Plan your appointments and shopping efficiently.
28:06 International insurance and emergency evacuation coverage options.
33:02 Crisis motivates, valuable experiences, US-Mexico.
About the Guest - 
Nannette Thomas was born and raised in Philadelphia, Pennsylvania, but spent the majority of her adult life in Los Angeles, California. After retiring from the Los Angeles Unified School District, she moved to Atlanta, Georgia to escape the high cost of living in LA. Disheartened by the political climate in the US, Nannette began exploring options for living abroad. She considered countries in Central and South America, as well as Mexico, before deciding to seek a new life outside of the United States.

Episode 26 - Mexico Retirement Tales: Cartess Ross on Finding Safety, Savings, and Superior Healthcare

In this episode of Dream Retirement In Mexico podcast, Cartess Ross shares his journey towards retirement in Mexico. From his initial lack of financial planning to finding safety, savings, and superior healthcare in Merida, Mexico, Cartess discusses the positive impact of moving to Mexico with his family.
He highlights the affordability and high-quality care of the healthcare system, as well as the significant reduction in living expenses. Cartess also recommends firsthand exploration of Mexico and shares resources for those considering a life abroad. 
 
Interested in learning more about relocating or retiring to Mexico?  
Join our FREE WEBINAR - Dream Retirement in Mexico.   
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
 
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
Key Moments: 
06:22 Arrived in Colombia unsure, ended up loving it.
11:43 Police officers drove and helped with enthusiasm.
15:09 Emergency surgery needed for a huge ovarian cyst.
17:30 Excellent care, concerns about long-term care.
25:51 Mistake in comparing housing costs in Mexico.
29:48 Recently moved to a rural area, enjoying independence.
33:44 Face your fears by visiting for yourself.
34:27 Media paints a bad picture, real experience is different.
About the Guest:
Cartess Ross was born in Mississippi but spent much of his early life traveling around the United States due to his father's military career. After serving in the Air Force for four years, Cartess continued to move around the country, never settling in one place for long. Eventually, he got married and had five children, four girls and one boy. His nomadic lifestyle and love for adventure have shaped his personal and professional endeavors.
 
How to connect Cartess Ross:
Website - https://www.moveabroadandthrive.com/
Youtube Channel - https://www.youtube.com/moveabroadandthrive

Episode 25 - Snowbirding in Mexico: A Guide to Visa, Accommodations, and Living Costs

In this episode, Risa Morimoto and Taniel Chemsian provide a comprehensive guide for long-term snowbirding in Mexico. They cover essential topics such as visas, accommodations, and living costs, offering valuable insights and practical tips for a successful and fulfilling experience.
Their discussion emphasizes the importance of thorough planning and consideration of various aspects, including financial preparation, emergency contacts, and logistical considerations. 
Overall, the episode is an invaluable resource for individuals contemplating an extended stay in Mexico, providing a wealth of information to support a smooth transition and enjoyable winter retreat.
 
Interested in learning more about relocating or retiring to Mexico?  
Join our FREE WEBINAR - Dream Retirement in Mexico.   
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
To secure your free spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments : 
03:31 Visa duration not guaranteed, check before planning.
07:17 Landlord required leases at notary's office.
10:14 Budget for rent, utilities, transportation, insurance, food, travel.
14:42 Small businesses may not accept credit cards.
19:39 Plan ahead, consider language, have emergency contacts.

Episode 24 - Insider Insights: Living and Retiring in San Miguel de Allende, Mexico’s Best City with Carolina Sanchez

In this episode of the Dream Retirement in Mexico podcast, host Risa Morimoto interviews Carolina Sanchez, a real estate agent in San Miguel de Allende. Carolina shares her personal background, growing up in Mexico and later moving to the United States before ultimately deciding to return to her roots in Mexico.
She explains why San Miguel de Allende is a popular retirement destination, highlighting its diverse culture, beautiful climate, and affordable cost of living compared to the United States. Carolina discusses the different neighborhoods in San Miguel de Allende, such as San Antonio, Guadiana, Guadalupe and how each offers something unique to potential retirees. 
She also showcases two properties available for sale: a piece of land in San Antonio and a charming colonial house in a gated community. Carolina advises listeners to visit San Miguel de Allende for an extended period of time to explore the different neighborhoods and determine which one suits their lifestyle best. She concludes by sharing her contact information for those interested in learning more about living in San Miguel de Allende.
 
Interested in learning more about relocating or retiring to Mexico?  
Join our FREE WEBINAR - Dream Retirement in Mexico.   
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments: 
01:57 Returned to Mexico for roots, culture, family.
03:41 Global diversity enriches and attracts people to San Miguel.
06:37 Desirable neighborhoods close to the historic center.
12:15 Beautiful land in San Antonio, great investment.
18:15 Gated community home, perfect for renting.
21:34 Rent: 2nd month, first, last, deposit. No credit score required.
22:34 Recommendations for experiencing San Miguel as a resident.

Episode 23 - Exploring Mexico City’s Abundance: Food, Parks, and Cultural Adventures with Dr. Gabrielle Smith

In this episode of the Dream Retirement in Mexico podcast, our hosts Risa Morimoto and Taniel Chemsian, chat with the vibrant Dr. Gabrielle Smith about her experiences living in the magnificent city of Mexico.
Dr. Gabrielle takes us on a journey through the bustling streets, sharing her favourite neighbourhoods, transportation tips, and the eclectic food scene that makes Mexico City a true gastronomic delight.
They also uncover the hidden gems of the city, from the sprawling Chapultepec Forest to the charming towns of Guadalajara, Oaxaca, Puebla, and Cuernavaca.
Get ready to be inspired as Dr. Gabrielle Smith provides insights into the vibrant culture, affordable living, and countless possibilities that await those seeking their dream retirement in Mexico City.
 
Interested in learning more about relocating or retiring to Mexico?  
Join our FREE WEBINAR - Dream Retirement in Mexico.   
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments: 
06:40 Foreigners reside in Roma Norte, La Condesa, and Polanco.
07:26 Polanco: Beautiful but sterile. Prefer more local neighborhoods. La Condesa: Gorgeous with parks, vibrant vibe. Mexico: Lung of Condesa, vendors, music, classes.
18:53 Fabulous experience with set menu and flavored water.
23:47 Gorgeous area nearby with options.
28:02 Limited space but favorite service for dogs.
28:58 Penthouse apartment, found online, lucked out.
 
About the Guest : 
Dr. Gabrielle Smith, PhD is a mexican residency and visa expert based in Mexico City, Mexico.  She specializes in helping foreigners from all over the world obtain their temporary or permanent visas to Mexico.

Episode 22 - Retirement Health Insurance for Expats in Mexico: Expert Insights and Tips from Susana MacDonald

In this episode of Dream Retirement in Mexico podcast, host Risa Morimoto and guest Susana MacDonald discuss health insurance in Mexico for retirees and expats. Susana, who sells health insurance and works in the real estate industry, provides valuable insights.
She highlights key points such as the availability of health insurance for foreigners in Mexico, the age limitations for purchasing Mexican national insurance, the importance of disclosing pre existing medical conditions when applying for insurance, and the affordability of medical treatment in Mexico.
Susana emphasizes the need for transparency when discussing lifestyle habits such as smoking and drinking with insurance providers to avoid coverage problems in the future. They also discuss prescription medication coverage and the importance of purchasing from reputable pharmacies.
This episode provides crucial information for those considering relocating to Mexico and seeking proper health insurance coverage in their retirement years.
 
Interested in learning more about relocating or retiring to Mexico?  
Join our FREE WEBINAR - Dream Retirement in Mexico.   
Host Risa Morimoto, Puerto Vallarta real estate broker Taniel Chemsian, and healthcare specialist Pamela Thompson share their expertise and insider knowledge about the most popular expat destinations in Mexico, basics of buying real estate and healthcare options for foreigners. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments: 
[00:06:39] Disclose all ailments for insurance coverage clarity.
[00:08:10] Disclose all information to the insurance adviser.
[00:13:56] Medical insurance covers major expenses internationally.
[00:16:08] Consider buying travel insurance for extra coverage.
[00:20:36] FDA regulations crucial when purchasing medications. Be cautious.
[00:22:32] Choose bigger companies, ask upfront and be transparent.
 
About the Guest: 
Susana MacDonald is a real estate professional helping individuals find their dream properties in the stunning locales of Cancun, Playa Del Carmen, and Tulum for over a decade.
Her passion for this breathtaking region of the world runs deep, and her knowledge of the local real estate market is as thorough as it gets. Whether you're seeking to invest in a new property or looking to sell your existing one, she is here to guide you every step of the way.  She has been featured on House Hunters International several times, guiding her clients to find their perfect home in the Yucatan peninsula.
At the core of her commitment is safeguarding your investments. As a licensed real estate professional, she is dedicated to ensuring that your real estate transactions are not just smooth but also secure. Your peace of mind is her priority.