Just under 400,000 American retirees are now living abroad, according to the Social Security Administration. The countries they have chosen most often: Canada, Japan, Mexico, Germany and the United Kingdom. Retirees most often cite the cost of living as the reason for moving elsewhere, said PSC's Mitchell. "I think that many people retire when they are in good health and they are interested in stretching their dollars and seeing the world," Mitchell said.
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