Ah, retiring overseas. For many people nearing the end of their work lives, the idea of setting sail for a new, faraway home is the stuff of dreams.
Not surprisingly, retiring overseas is becoming increasingly common: Some 373,224 retired workers received Social Security checks overseas in 2013, the latest data available, up from 306,906 in 2008 and 246,890 in 2003.
Today, soon-to-be retirees have more reason than ever to think that dream can become reality, thanks to the strong dollar. As of January 15, $100 would buy 92 euros, up from 83 euros at the beginning of 2015. That same dollar amount would now buy roughly 1,827 Mexican pesos, compared to 1,474 on Jan. 1, 2015. The Colombian peso is up roughly 33 percent from a year earlier.