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July 05, 2021

Can you live well for less by retiring abroad?

Retiring abroad isn't for everyone or even for most people, admits MSN columnist Liz Pulliam Weston. But the adventurous can find comfortable, even luxurious, lifestyles in many locales for far less than what they would pay at home.

Despite the attractions, most people are more than a little leery of becoming expats – and that’s really too bad, say the editors at EscapefromAmerica, a clearing house for all those who dream of someday being somewhere else.

Unfortunately, most people just talk about heading elsewhere, says Susan Bradley, a zealot who made the move a few years ago and now sends out regular invitations to do the same via her a blog, the Expat Daily News.

And there has never been a better time to learn about and plan for making this fantasy a reality, she maintains. A strong dollar and rebounding stock markets will help stretch your money far beyond what you might enjoy by staying at home.

Not convinced? Here are her 7 most common excuses for not making a move abroad and how you can overcome them.

Thinking of going it alone? Then you might like to take a look at RetiringSinglesOverseas, a social networking and travel site where retired single people post their profile and their pictures, discuss where in the world they want to visit, live, or retire and meet up with others who share their dreams and ideas.

You never know.

Would you consider moving abroad? Do you buy the argument that your dollar will go a lot farther if you spend it out of the country?

By Gordon Powers, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

James HaversJames Havers

James is the senior editor of MSN Money living in Toronto. He has worked for the Nikkei Shimbun (Tokyo),,, Canadian Business and other publications. Havers turned to journalism after teaching overseas.

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...