This year, a record number of Americans are turning 65, and many are looking to retire in other countries. For these former U.S. residents, also known as "expats," moving abroad seems like a great way to escape the high costs of living and healthcare in the United States. However, retiring abroad isn’t all sunshine and rainbows; there are challenges to consider.

A New Life by the Beach

Take Jeff Natale, for example. At 68, he’s living his best life in Playa del Carmen, Mexico. After y...