Ten Reasons we Should . . .

8 Great Places to Retire Abroad

Corozal Town, Belize

Population: 9,901

Climate: Warm year-round, with temperatures mostly in the 80s. Mild rainy season starts in June. Risk of hurricanes.

Proximity to major airport: It�s a short commuter flight via San Pedro -- each leg is less than half an hour -- to the country�s main airport in Belize City, where connections are available to the U.S.

Access to health care: Corozal Town has its own hospital. More extensive medical options are available ten miles away in Chetumal, the capital of Mexico's state of Quintana Roo. Belize ranks 24th out of 25 countries on International Living�s Global Retirement Index for health care.

Cost of living: Belize is second on the Global Retirement Index for cost of living, but 19th for real estate. A retired American couple can live comfortably in Corozal Town on $2,500 a month.

The draw: The best of both worlds. The town, located in northernmost Belize, offers retirees beaches and tranquility in Corozal, and big-city amenities such as malls and museums just across the border in Chetumal, Mexico. English is the official language, though Spanish is widely spoken. The government operates a �qualified retired persons� program that allows non-Belizeans to enjoy perks such as tax-free imports of household goods, cars and even airplanes. One-time application and program fees add up to $1,350, plus another $750 per dependent.

For more information on these overseas retirement hot spots and others, see International Living�s Global Retirement Index and Liveandinvestoverseas.com�s Country Budgets.

SEE THIS STORY IN SLIDES: 8 GREAT PLACES TO RETIRE ABROAD

Donna Fuscaldo is a freelance writer in Bethpage, NY. She has written frequently about retirement and other personal finance topics for the Wall Street Journal, Dow Jones Newswires and FoxBusiness.com.

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