Retirement: Down Mexico Way

Where can a man go to get some real living out of a pension check—a place where it's a sunny 70° all year round, where a five-room house can be had for $40 a month and a live-in maid for $16, where the family food bill may be measured in pennies per day, with beer at 80 a bottle and gin at 98¢ a quart? The answer to this daydreaming question is not nowhere; it's Mexico.

More and more retired U.S. citizens are discovering a bargain dolce vita across the Rio Grande. And the...

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