The Five Cheapest Places to Retire

PanamaAt home, prices are rising. It costs more to put gas in the car, buy groceries, and pay for health insurance. At the same time, retirement savings eroded in the market downturn. And with interest rates at near-zero today, it’s difficult to rebuild.

More than ever, retirees need to stretch their dollars. Here are 5 communities overseas where it’s remarkably easy to do. In these best-value havens, you can pair fAnancial security with a superb lifestyle.

Anne Watson-Russell, age 62, has done it. She says her pension wouldn’t cut it back home. She needed to go where she could live comfortably on $1,500 a month. Now, having moved to Panama, she says her biggest challenge is deciding which of the seven nearby beaches she should pick for her daily swim.

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