Its something my husband and I have considered. We’re a bit away from retiring but friends of ours retired to Belize about five years ago and invited us to go along when we retire. We have another friend that is retiring to the Philippines in the next couple of years. Considering we went through nearly all of our assets during the crisis (we both got laid off) and are still trying to build our retirement back up, a place where our money will go farther is looking really good to us. We haven’t really decided where but we’ve been talking about it a lot lately with our soon to be empty nest looming on the horizon.
We’ve looked into Belize because English is the official language there and we’d be able to take more of what we’d like to keep with us verses going overseas. We’re considering Thailand, Malta, Costa Rica, and my husband has family in Scotland so that is on the table, too. Lately we’ve been crossing some places off our consideration list for obvious reasons. When we get a lot closer to retirement time, we’ll certainly be looking at a lot of factors even finding a cheaper place to live here in the US. Who knows what the state of things will be in 5, 10, 15 years.