Many Americans look abroad for a place to move permanently when they retire. At the beginning of every year, International Living puts out its Global Retirement Index as a tool to help people who are wondering where the ideal place might be. It is based on both statistics and on-the-ground input from the publication's editors and correspondents around the world.

"This index provides a great jumping-off point for somebody who isn't sure where to start looking overseas — we created it to provide some well-informed direction," IL's executive editor, Jennifer Stevens, said in a statement.

International Living acknowledged that deciding which retirement destination is perfect for an individual or couple is ultimately subjective.

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Michael S. Fischer

Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.