As the first wave of baby boomers hits retirement age,
life overseas beckons. But be warned: Retiring abroad can have its
logistical headaches.

Many of today's graying expatriates are heading
permanently offshore to stretch their nest egg. Jon and Gretchen
Nickel, formerly of Portland, Ore., settled in Panama, where they say
they can live like the rich without needing a big bankroll. Lee
Harrison and Julie Lowrey, from Vermont, moved to Uruguay because the
lower living costs allowed them to retire years early. Other expat
retirees are seeking foreign adventure, cultural experiences and exotic
travel, without having to board an airplane.

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