If you're serious about slashing costs in retirement, you've got to at least ask yourself this question. While there are plenty of downsides to moving abroad, the weather can be great-and the savings can be huge. Daniel Prescher, special projects editor with InternationalLiving.com, estimates that a couple moving from Omaha would see their cost of living decline 50% in Merida, Mexico, or 25% in Panama City. (He says those cities are safe and have good health care and lots of expats-all big pluses.)
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