The idea seems tantalizingly exotic, an elaborate scheme to be hatched over dinner while on vacation -- only to be discarded and forgotten upon return to the workday world.
However, the dream may not be unrealistic at all. In fact, many Central American countries are betting U.S. baby boomers will be the generation that globalizes retirement.
They're gearing up by offering financial incentives that could make retiring internationally a smart financial move for some individuals.
The same advances that allow companies to do business across borders are making it possible for people to live out their golden years in another country. "Technology and travel developments have put us in the position to do more with our lives while still staying in touch," says Susan Black, director of financial planning for
If you retire in Panama, for instance, you can talk to your children and grandchildren via phone or email every day if you want to, fly home a few times each year, and probably even get a satellite dish to keep up with your favorite TV programs.Still, that doesn't mean things are the same as they were at home.