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Retirees eye lower cost of living in Latin America

Tarin Cardamone, 67, and her husband, James, 71, retired to Sierra Vista, Ariz., seven years ago, but now they want to move to a country in Central or South America for "a different lifestyle — something that's more exciting and adventurous than going to the local grocery store or taking a trip to Tucson," Tarin says.

They went on a retirement tour of Nicaragua last year, and they plan to take a tour of Ecuador in 2015, with the goal of moving by 2016.

Joseph Riden, 69, of Seattle, decided to spend his golden years in a "paradise" where he could have a good quality of life on his income from Social Security. Two years ago, he took a tour of Costa Rica designed for people who wanted to move there. "By the end of the trip, I had a clear idea of my choices," Riden says. "Costa Rica is one of the most beautiful places on Earth."

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Retirees