A growing number of Americans are choosing to retire abroad, attracted by factors such as lower costs and different lifestyles. Several countries are popular destinations for retirees, including Greece, Portugal, Ireland, Italy, and Spain. These countries offer various incentives, but relocating also involves complex tax rules and residency requirements.

Key considerations for those planning to move abroad include how their retirement income will be taxed and the cost of living in their chosen destination. Further details on retiring abroad are available from The Retirement Group, which has explored the top issues to consider for those planning a move to one of these countries.