7 Best Reasons to Retire Abroad Retire cheaply and luxuriously in a new country By Dustin Lushing, Newser Staff Posted Mar 18, 2012 2:29 PM CDT 29 comments Comments (Shutterstock) (Newser) – Who says you have to spend your golden years in the US? Stretch every retirement dollar you've saved by heading overseas. Here are the seven best reasons, courtesy of US News: Live on the cheap: Get the most out of your retirement dollars by shipping out to inexpensive destinations such as Ecuador, Nicaragua, and Panama, and enjoy a comfortable lifestyle for $1,000 per month or less. Reduced medical costs: Medical tourism is a booming industry and many cities abroad offer high-quality care for lower budgets. Affordable luxuries: In Thailand, Malaysia, and other locales, you can splurge your social security on low-cost spa treatments or even hire full-time household help for $200 a month. Perfect climate: Relocate to the tropics and relax in constant warm weather. Read the other reasons here.