If you want to save some big bucks in retirement and you'd love to see the world, why not consider moving to a different country?
Even if it's only for a little while, you could experience a different culture and make your money go farther while living there.
Kathleen Peddicord, the publisher of the e-letter "Live and Invest Overseas" lives in Panama and says retiring abroad makes sense for people with a modest amount of savings who can live on $2,000 to $5,000 a month.