Retiring abroad is a lot more than living at the beach — here’s what you need to know

Alessandra Malito
Retiring abroad is a lot more than living at the beach — here’s what you need to know

As Americans prepare for retirement, they may not have the funds to support the lifestyle they want — unless they leave the U.S. Moving abroad may be difficult, emotionally and physically, but it offers a lower cost of living, and even a fun adventure during this next phase of life. More than 500,000 Americans receive their Social Security benefits overseas, an increase from 400,000 people in 2000, according to the Social Security Administration. Weather, shops and dining, time zones, real estate, visa and residency documentation and of course affordability in housing and health care are all factors that need to be worked out before booking a one-way flight.