Foreign Retirement

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Many Americans, tired of the rising cost of living, disenchanted with our current government, or just seeking a new local, are retiring abroad. First-class living conditions can be had on a retiree's fixed income from Social Security and pensions in such places as Mexico, Panama, and Costa Rica. For about $900 a month, you could live in a luxurious home, have a full time maid and cook, and.or eat at restaurants almost every night.

One important thing you must check into in a foreign land is how real estate title is transferred, if you plan to buy property. Make sure that you actually will OWN the property-there are a lot of dishonest people out there who will take advantage of you unless you educate yourself.

Also, take a vacation trip to the area that you are scouting as a retirement destination. Go in the dead of winter and the dog days of summer, to make sure that you can live in the climate.

Locate medical care nearby, as older people tend to make more trips to the doctor. Get accurate information about the quality, cost, and availability of medical care.