THE ALLURE OF RETIRING ABROAD.

RETIREMENT RETIREMENT MANY older Americans dream about traveling in retirement, but a growing number of intrepid retirees are taking their wanderlust to another level. Italy offers a similar elective residency visa, also known as a retirement visa, if you have retirement income of at least €32,000 a year (about $34,880), a valid passport, and proof that you have health insurance and a place to live. As a result, while withdrawals from Roth IRAs are tax-free in the U.S. as long as you're 59½ or older and have owned an account for at least five years, not all countries recognize that exclusion, he says. Portugal, which has become a haven for expats from around the world, provides a one-year residency visa to retirees from outside the European Union who have retirement income of at least €760 a month (about $828) and proof of a place to live. [Extracted from the article]