The 10 Cheapest Places to Retire Abroad

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1. Panama

Panama, home of the famous canal between the oceans, attracts many American expatriate retirees for its cheaper living costs, and great natural beauty. The county government runs a Pension program for foreign retirees, whom are guaranteed pension or social security income of at least $500. It is an economically and politically stable country, which also allows US dollar payments. Boquete, a small town on the Caldera River in the green mountain highlands, is the most popular retirement place in the country, which is our most recommended cheap place to retire.

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