Do you want to retire in a tropical destination, but think it might be too expensive? It doesn't have to be! If you're willing to think outside the box, a tropical paradise of your own could be much more affordable than you think. Many Americans have been buying homes overseas due to the low cost of living, beautiful surroundings, and the freedom to retire early or to vacation more often. Here are some of the most affordable places in the world to search for the home of your dreams that offer most of the American conveniences you want at a fraction of the cost.

Take advantage of this little-known tax "loophole" to get to retirement sooner
Recent tax increases have affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "The IRS Is Daring You to Make This Investment Now!," you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Compare Brokers