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Adventurous retirees in search of extreme price differences might even consider moving to an expat zone in a developing country such as Mexico, Nicaragua, or the Turks and Caicos.
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After you compare your necessary expenses to how much income you will have each month, you can add in other expenses.
Are these scenes of carefree times in retirement based on financial reality According to the latest Bureau of Labor Statistics data which is based on 2016 figures older households defined as those run by someone 65 and older spend an average of 45756 a year or roughly 300 a month.