Bocas del Toro, Panama
The hippest spot on the Caribbean coast of Panama, this is an adventurous destination for people who want to retire without sitting down. While it’s getting more expensive, there’s still a large portfolio of real estate available, particularly with waterfront. That, along with the fact that Panama has the most attractive retirement incentives in the region — including freedom from property tax, discounts on food and professional services and import incentives. And the cost of living is substantially lower than much of the Caribbean, too.