Retirement In Mexico: Live by Design with Taniel Chemsian

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.

Episode 21 - Retirement Benefits in Mexico: Discover the Benefits of Being Over 60 and Living in Mexico

In this episode of the Dream Retirement in Mexico podcast, hosts Risa Morimoto and Taniel Chemsian discuss the benefits of living in Mexico for individuals over 60. 
One of the main advantages of retiring in Mexico is the lower cost of living compared to other parts of the world. They then dive into the benefits provided by the National Institute For Older Adults (INAPAM) for individuals above 60. These benefits include discounts on property tax, water bills, transportation, stores, pharmacies, and even airlines. They mention that cultural centers, museums, and certain restaurants also offer discounts to cardholders. To obtain the card, foreigners need to provide their passport, residency card, court registry number, proof of residency, and undergo an interview process. 
 
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.  It’s free so what are you waiting for?

Episode 20 - The Mayan Train: Discovering Mexico’s Lesser-Known Towns and Natural Wonders with Susana MacDonald

In this episode of Dream Retirement In Mexico podcast, host Risa Morimoto welcomes guest Riviera Maya region real estate agent Susana MacDonald to discuss the latest developments and opportunities in Mexico's real estate market. They begin by highlighting the accessibility of transportation in the area, particularly with the future addition of a train that will make traveling from the airport to Tulum easier and faster. This improved transportation opens up new areas for exploration, including the rising vacation destination of Bacalar, known for its beautiful lagoons. She emphasizes on the growing trend of developers creating communities with amenities such as natural pools, cenotes, and nature trails.
The importance of working with independent agents and attorneys when purchasing property in Mexico is recommended as they provide vital protection and guidance for buyers. The episode also touches on the upcoming Mayan train project, which will connect the five states of the Yucatán Peninsula, making it easier to access lesser-known areas like Chiapas, Campeche, Yucatán, and Tabasco. Susana also recommends doing thorough research, seeking qualified advice, and exploring different areas to find the right investment opportunity. 
Overall, this episode provides valuable insights for anyone interested in retiring or investing in Mexico's real estate market and encourages listeners to embrace adventure and discover the hidden gems of 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.
 
Key Moments: 
[00:07:15] LeonaVicario creates new market for spacious homes.
[00:09:26] Opportunity for adventure, amenities, and beach proximity.
[00:14:24] Developer, sales team, independent agent, buyers, attorney.
[00:18:25] Major cities have large areas and smaller towns attached. Leona Vicario is growing due to the nearby train. Playa and Tulum also have development, with growth expected in Tulum.
[00:19:43] Train propels growth, especially in Bacalar.
[00:25:36] Invest sooner, seek legal advice, be confident.
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.

Episode 19 - From Santa Cruz to Mazatlan: A New Career and Life in Mexico with Janet Blaser

Watch the earlier episode here - https://www.youtube.com/watch?v=hdB0tenClHw
 
In this episode of Dream Retirement In Mexico, host Risa Morimoto and Taniel Chemsian welcome guest Janet Blaser, an author who shares her experiences living in Mazatlan for the past 17 years. Janet reflects on how her preferences have changed over time, including developing a craving for ranch style Doritos. She advises listeners to start retirement in a place they enjoy, making it as comfortable as possible.
Janet acknowledges the challenges and unexpected situations that can arise and stresses the importance of having a support network. She mentions the need for research and due diligence when seeking medical care in Mexico, recommending bilingual assistance if language barriers exist. 
Janet shares her personal experience of living in a small village, highlighting the importance of access to basic amenities and safety. She also discusses the value of an established expat community in cities like Mazatlan and the practical considerations of healthcare options. 
 
Join us alongside Puerto Vallarta real estate broker, Taniel Chemsian , and health care specialist, Pamela Thompson, as they share their expertise and insider knowledge. 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: 
[00:00:24] Mazatlan resident shares insight on life changes.
[00:04:08] Crossing border, unexpected language barrier, feeling lost.
[00:09:41] Expats help with advice and convenience in cities.
[00:10:58] "Advice: Find a place you like."
[00:16:57] Mazatlan attracts Mexican tourists during COVID.
[00:23:15] Renovating old buildings, thinking outside the box.
[00:26:41] Health emergency in Spanish: not comfortable, didn't work.
[00:32:26] Limited hospital resources require careful questioning.
[00:41:36] Make your dream retirement in Mexico happen.
 
About the guest : 
Janet Blaser is a journalist-turned-adventurer who found her way to Mazatlan, Mexico 17 years ago. Seeking a simpler way of life and an exciting new chapter, Janet left behind her career as a reporter in Santa Cruz, California, just as the internet was reshaping the media industry. Drawn to the vibrant tourist scene in Mazatlan, Janet recognized an opportunity and decided to start her own business. Since then, she has wholeheartedly embraced her life in Mazatlan, continuing to thrive in this idyllic coastal city.
 
How to connect Janet Blaser: 
Website : https://janetblaser.com/
Facebook:  https://www.facebook.com/TheJanetBlaser/
Instagram: https://www.instagram.com/thejanetblaser