Funny you should mention that...
There are several threads in this forum on exactly that subject.* It may be tedious but worthwhile to go back through the list of threads and find them.
Several of our regulars live in Thailand, a couple in Costa Rica, one in Italy, etc., and have much to say on the subject.* Billy and Akaisha, regulars here, are perpetual tourists who wrote a book on the subject.
There is a lot elsewhere on-line, too, but you have to go searching for it.* Try a few of these links:
* * *retirement overseas comes up every so often
Yahoo also has a feature called Groups, which is a collection of discussion groups among which are many dedicated to living/retiring in another country.* Be aware that many of these groups and links have an agenda--selling real estate or grow-teak/noni/jojoba-in-someplace-that-has-no-fraud-laws.* Read for entertainment but do your research.
There are books on the subject, too (most on Mexico, not surprisingly).* John Howells wrote "Choose Mexico" and "Choose Costa Rica" and updated them from time to time.* He also has a web site with a discussion group.*
Many countries do not tax money earned elsewhere (SS, pension, investments, etc.).* Although this changes (Costa Rica may be off the list by now), I believe that Mexico, Panama and Uruguay are among them.
There is a lot out there on the subject.* You have to hunt for it, though.