In [the November] issue [of The Bob Livingston Letter] you recommended living outside the U.S but you didn’t give us a clue as to where would be a good place to live on a limited income??? I really get frustrated with this because this isn’t the first time you brought this up. Give us some clues please! If everything is going to hit the fan soon then please tell us WHERE??
There are many Americans in Costa Rica, which is about four hours from Miami. I hear that prices are lower than in the U.S., but I don’t know how much. There is also there is a large American Community in Panama.
I personally know some people who have a home in Grand Bahama, but prices are high and if one lives on the beach, taxes are very high compared to the U.S. A good house can cost up to $300,000, but there are no real estate taxes up to $250,000.
There is a group of expats moving to Chili where they are forming a community. Information about them can be found here.
For sure, one should rent and live in a country for about a year to be sure that he wants to live there before taking the step to completely move or buy a home.
Also, Americans can continue to draw Social Security almost anywhere in the world and Medicare is available if one travels back to the U.S. for medical care.