One cheap country to retire to that many Americans are already somewhat familiar with is Mexico. That is because it is our neighbor to the south. Many people have gone there on vacation. That makes it one of the better known options.
One of the reasons why Mexico is a popular place for Americans who want to stretch their retirement income to move during retirement is the fact that it is so close to the U.S. It is easy for them to go and visit family and friends from time to time.
Mexico also has a varied climate, so that you can choose the city where you live based on the type of climate you prefer. You can live somewhere that is warmer, or somewhere that is a bit more temperate depending on your preferences. You can live near mountains or the beach, or in a valley, it is all up to you.
Obviously, the fact that it is a cheap place to retire to and expenses will be a lot less there is another factor people consider. Health care is decent and insurance only costs a fraction of what you would pay in the U.S. Everything else you purchase is also likely to cost less. This includes the cost of property, making it so that it isn’t impossible to own a nice house of your own in retirement. These cost savings make it possible to have a maid and a house on a very low budget, which wouldn’t be possible in the U.S. The exchange rate is also very favorable toward the dollar.
The transport system makes it so that it is easy to travel around the country and from Mexico to other countries. This means you can see all the famous sites in Mexico as well as visit other countries in Latin America.
Because of the nearness to the United States, you can also find many of the products that you are familiar with easily in the local stores. You can also find people who speak and understand English, although they do appreciate it if you make an effort to learn Spanish.