20 Places Where You Can Retire With $150K

Mexico

The country of Mexico offers great retirement opportunities but avoid its big cities which experience very poor air quality. Choose its white sand beaches of the Yucatan peninsula. You can rent a one-bedroom apartment for about $200 in Merida. Explore the Mayan complex at Chichen Itza and shop businesses you already known like Petco, Starbucks and Walmart.

You can use your US medical insurance by crossing the border back into the US. Otherwise, just pay out of pocket for occasional medical needs.

Apply for a temporary resident permit. This lets you travel back and forth between the US and Mexico for up to four years. You can then apply for a permanent resident visa.

You must prove an income of at least $1,400 monthly for the last six months from investments, pensions, Social Security, etc. You can also prove savings of $23,500 during the past year. Once you choose to apply for permanent residency, you must provide proof of at least $2,325 monthly income for the last six months or savings/retirement income of $93,000 from the prior year.