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In the aftermath of the global financial meltdown…a growing number of Americans are stretching their retirement savings by spending their golden years overseas. Beckoned by foreign countries with mild climates and a lower cost of living, many retirees view living abroad as the fulfillment of a life-long dream. Some are former snowbirds who opt for a Caribbean island or Latin American country; some seek out charming villages in Portugal or Spain, and others have landed in more exotic locales, such as Malaysia.
As many as 3.3 million American baby boomers are planning to retire abroad, according to figures from Travel Market Report.