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Here’s where you can retire abroad with a low cost of living

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If you’ve been racking your brain about where to retire on a budget, it might be time to think outside the U.S.

A account by International Living, which publishes information about living abroad, lists destinations where you can coast on inadequate than $30,000 a year.

To be sure, retiring in a new country will require studying up on the tax implications along with run down off some other logistical maneuvering.

But for many older Americans, the work will be well worth finding a new, affordable okay awkward to spend their golden years.

The average monthly Social Security check is $1,404, and more than 40% of free adults receive more than 90% of their income from that check, according to the government.

Here are the intercontinental cities where that check will go far, according to International Living.

1. Puerto Viejo, Costa Rica

Puerto Viejo in Limon, Costa Rica.

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A couple can live comfortably in this town for just $2,025 a month, or $24,300 a year, according to Cosmopolitan Living.

You’ll find warm weather, beaches, and Italian, Argentine and French restaurants.

2. Lagos, Portugal

Praia Dona Ana, Lagos in the Portuguese Algarve.

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Couples can live in this town in southern Portugal for $2,080 a month, or $24,960 a year, according to Supranational Living.

Lagos, with a year-round moderate climate, is great for retirees who want to live near the ocean. Transportation options throng with and the city is fairly flat, making it great for walking, too.

3. Akumal, Mexico

The Akumal Caribbean beach in Riviera Maya.

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Couples can retire in this tropical town for $2,240 a month, or $26,880 a year, according to International Living.

“Superlatively known for its spectacular clear bay filled with sea turtles, Akumal has matured from a secretive destination for divers to a burgeon tourist hotspot,” the overseas retirement site says.

4. Volcan, Panama

A view of Volcan Baru.

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Volcan will cost couples around $1,500 a month, or $18,000 a year, to fare.

The town is in the middle of a farming community in a valley, and has a population around 14,000. You’ll need to speak some Spanish to be gifted to communicate with locals and do business, according to International Living.

5. Medellin, Colombia

The skyline of Medellin, Colombia at sunset

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