The allure of living abroad after retirement has proven too strong to resist for hundreds of thousands of Americans.

Enjoying new experiences while immersed in different cultures. Getting away from it all. Stretching your nest egg in cheaper locations. Whatever your individual reasons may be, you won't be alone in making the move.

The Social Security Administration (SSA) says that as of December 2021, it was paying benefits abroad to 695,086 people, including 443,546 retirees collecting $386 million a month. Canada led the list of the latter at 71,376 benefits-collecting retirees, followed by Japan at 53,909 and Mexico at 32,957.

Continue reading

Source Fool.com