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and his wife, Nikki Steele, started contemplating where to retire, they went about it methodically. The couple had already agreed to move abroad. Next, they each drew up a list of the 15 most important factors to them and then compared notes. Turned out their lists were pretty similar. The Ventura, California, residents both wanted to live in a place with warm weather and a lower cost of living that was convenient for their adult children to visit.
More Americans like Detrich and Steele have been retiring abroad in recent years. The U.S. Social Security Administration, for instance, now sends 700,000 checks a month to foreign addresses, up about 40% over the past decade, with the most checks going to Canada. To compile our recommended roster of hot spots to retire, we considered a variety of factors, some of which were the same as Detrich and Steele.
Below are our picks of favorite spots to consider retiring. We highlighted 25 countries and up to three specific locales in each, for a total of 65 places. One of them is Boquete, Panama, the town that Detrich and Steele chose. You can find more details on Detrich, retiring abroad and this list
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