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Should You Retire in New Mexico?

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Should You Retire in New Mexico?


If you love green chile and Georgia O’Keeffe, and you’re thinking of relocating for retirement, consider the lovely state of New Mexico. It offers a lot of natural beauty and opportunities for outdoor recreation, such as hiking, fishing, and skiing. It also offers plenty of culture, with museums, festivals, art galleries, and even a famous annual hot air balloon fiesta in Albuquerque.

The climate is another plus. While it can get very cold or hot depending where you are, parts of New Mexico have a moderate climate that will suit many people more than the heat of Florida or Arizona.

Someone is outdoors, smiling broadly.

Someone is outdoors, smiling broadly.

Image source: Getty Images.

When it comes to taxes, New Mexico is not among the 41 states that do not tax Social Security benefits. But thanks to a recent law, it only taxes those with relatively high incomes — such as singles who earn more than $100,000. Meanwhile, withdrawals from 401(k) and IRA accounts and pension income are also taxable, though only partially. There’s no estate tax in New Mexico, either — although federal estate taxes still apply.

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The quality, availability, and cost of healthcare should be a major concern for retirees and should be factored into your overall retirement plan. New Mexico scores fairly well on this count: MedicareGuide.com has rated it the 18th-best state in the nation for elderly healthcare.

New Mexico’s cost of living is only about 94% of the national average, per the World Population Review, which is a plus — especially if you move there from a high-cost region. The typical home price in New Mexico was recently only $306,434 — about 84% of the national average. Car insurance is also on the low side, recently averaging $2,438 annually, about $579 below average.

If you’re liking the idea of New Mexico, know that it does have some vulnerability to natural disasters, such as wildfires, flooding, and even earthquakes, and water isn’t as abundant as it is in many other places. It’s smart to spend at least a few months living in any place you’re thinking of moving to — to ensure it’s a good fit.

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New Mexico

Bear Fire Update for June 23, 2026

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Bear Fire Update for June 23, 2026


Acres: 7,769 acres                                                                           

Start Date: June 9, 2026

Location: 18 miles southeast of Quemado, NM                                  

Personnel: 169

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Containment: 100%                                                                       

Cause: Lightning

Summary: Containment lines are holding, and much of the repair work is completed on the Bear Fire. The Gila Las Cruces Type 3 Incident Management Team will transfer command of the fire back to the Gila National Forest and a Type 4 Incident Commander on Wednesday morning. Firefighters will continue to patrol and secure the perimeter while repair is completed.

Remarking on the success of firefighters on the Bear Fire, Incident Commander Marcus Cornwell said, “The support from the State of New Mexico Forestry Division, local landowners, and the Village of Quemado were instrumental in helping suppress the fire. Providing firefighters access to private land and use of Quemado High School proved pivotal.”

This will be the last daily update provided by the Gila Las Cruces Type 3 Incident Management Team. Any future updates for the Bear Fire will come from the Gila National Forest.

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Weather: Today’s high temperature will be in the mid 80s. Moisture moving in from the south will improve relative humidity and drop temperatures slightly. The forecast shows daily chances of thunderstorms through Friday.

Safety: A Temporary Flight Restriction is in place through this evening. If you fly, we can’t! The Gila National Forest enacted an Area Closure Order for the Bear Fire.

Evacuations: Catron County Emergency Management lifted SET status for residences within zones 2, 3 and 4 on Thursday, June 18th. For more information about the change in evacuation status, visit Catron County Emergency Management.

Smoke: Smoke may be visible in and around surrounding communities. Air quality will vary based on fire activity, weather, and wind patterns. Residents should reduce prolonged outdoor activity when smoke is present and check the Air Quality Index before recreating or working outdoors. Sensitive groups should take extra precautions to limit smoke exposure. For real-time smoke conditions, visit https://fire.airnow.gov.

Fire Restrictions: The Gila National Forest is in Stage 1 Fire Restrictions due to long term severe drought in the Gila region, increased tree mortality across the forest, and forecasted hotter, drier weather conditions. Stage 1 Fire Restrictions limit campfires on forest land to designated recreation sites and campgrounds with constructed metal fire rings. Open burning is also prohibited in the unincorporated area of Catron County and in Catron County Fire District 30.

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Public Information: 2026.bear@firenet.gov

Incident Information:

Facebook: www.facebook.com/GilaNForest

InciWeb: https://inciweb.wildfire.gov/nmgnf-bear-fire

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New Mexico

Woman arrested, accused of throwing knife and harassing neighbors

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Woman arrested, accused of throwing knife and harassing neighbors


ALBUQUERQUE, N.M. – Southwest Albuquerque neighbors claim a woman targeted them for at least a year, throwing items into their yard, and leading one family to spend more than $1,000 on security.

Neighbors said they kept contacting Albuquerque police, the city and the state after the most recent encounter left a father with a cut on his face. They said Sunday’s arrest helped some, but they still do not feel safe.

Richard and Lindsey Boldin said they have dealt with harassment from Andrea Padilla-Garcia for at least a year. They said she has thrown broken glass, frozen food, a MacBook, metal poles and wood over their fence and dumped nail polish on it.

They said the incident with the glass resulted in a cut to Richard’s face.

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“She can’t come back to where she lives. I won’t feel safe. There’s no way,” Lindsey Boldin said.

The Boldins said they spent more than a thousand dollars on security cameras, motion-sensor lights and other steps to protect their property. They also blocked the view into their yard, but said they still do not feel safe.

“It hurts the whole family. We’ve got to watch animals going outside. We have to watch when we go outside. You know, when can we go outside?” Richard Boldin said. “She kept coming to the fence and attacking the fence and shaking it and yelling at the fence at the children, you know, giving them inappropriate, you know, telling them inappropriate things.”

Neighbor Lawrence Lovato said he has lived in the neighborhood for about a year and what he has seen stands out from anything he has experienced before. He said he has called police multiple times.

“Never in my life have I have I seen something as horrible that I’ve seen here,” Lawrence Lovato said.

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Lovato said he worries about his own safety and his daughter’s safety. Neighbors said they plan to keep looking out for one another and hope the latest arrest leads to help for Padilla-Garcia. She remains in jail and faced charges of battery and aggravated assault.



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Retirement reality check: Is it too late to start saving?

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Retirement reality check: Is it too late to start saving?


ALBUQUERQUE, N.M. – Americans now say they need $1.46 million to retire comfortably, up $200,000 from last year, according to a study discussed by Oakmont Advisory Group.

David Hicks of Oakmont Advisory Group said the number can feel overwhelming, but he said people should focus on starting and adjusting a plan instead of panicking.

“The average retiree actually has less than $300,000 saved for retirement, so that’s about a $1 million gap there,” Hicks said.

Hicks said the $1.46 million figure reflects what people think they need, but he said retirement planning depends on each person’s savings, income and timeline.

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He said longer life spans now mean many people need to plan for 20, 25 or even 30 years in retirement.

“When you start saving when you’re younger, it makes a lot of difference in the future,” Hicks said.

Hicks said 57% of people do not start saving until after age 30, and he said about a third do not start until their 40s.

Hicks pointed to Fidelity benchmarks that suggest workers should aim to save one times their salary in their 30s, three times in their 40s, six times in their 50s and 10 times by retirement.

“Don’t wait another year. Don’t wait another month. Just start that process of saving,” Hicks said.

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Hicks also said the study found people who work with a financial adviser improve their chances of retirement success by about 50% and report more confidence about their plans.



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