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1. Mexico
According to Forbes magazine, Mexico knocked off last year’s No. 1 Panama because you can live well there for under $1,200 a month, it’s close to the United States, the locals are friendly, English is widely spoken in popular retiree spots, the expat community is large (more than 1 million Americans live there), health care is affordable and high quality and the culture and lifestyle are fantastic. And after becoming a legal resident, retirees over 60 can grab special discounts on airlines, restaurants, groceries and medical care.
Although IL’s experts say there are parts of Mexico they can’t recommend due to crime, the country overall offers “arguably the easiest transition to expat life around.”
Best of all, says IL, “your dollars now buy nearly 50% more pesos than they did just a few short years ago.”
Expat Jack Bramy told IL’s editors: “The cost of living in Mexico allows me to live a fun life on my Social Security check.”
To read what other countries are good retirement places click here: Forbes