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However, the reality is stark for Americans whose nest eggs fall short.
As a result, Americans are retiring in countries that welcome expats.
The countrys natural beauty and high quality of living at an affordable cost are major draws.
Moreover, the healthcare system offers a significant financial advantage.
In addition, the cost of living is cheap.
That includes all costs, including housing, transportation, medical care, utilities, food and entertainment.
Another appealing factor is the cost of living, which is 34.2% lower than in the United States.
Rent is 51.7% lower, per Numbeo.
Ecuador
For years, American retirees have called Ecuador home, and with good reason.
The country is located in the northwestern corner of South America, sitting directly on the Equator.
Theyear-round perfect climateand endless outdoor activities are just a couple of big draws for U.S. expats.
However, the affordable cost of living is the main purpose for relocating.
Healthcare is also a welcome perk for retirees.
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