Everyone is looking forward to retirement. Along with this is also looking for the best place for retirement where they can find peace and tranquility.

Planning for retirement is part of a person's plan during his retirement age. However, most find it difficult where to spend there retirement days and some even ended in a place where they could not find the ambiance that they are looking for.

To help persons looking for the best places in their retirement days, here are some countries recommended by Investopedia:

1. Panama

Panama is one of the best countries where a person can spend the rest of his retirement days. In fact, this country is no.1 in the International Living List and this is no surprise anymore why many people visited the place recently. Two of the reasons why this is the best place because of its healthcare and cheap living.

Panama also wants American retirees to move in there place. They also have a Pensionado Program that awards a residency visa to an American retiree who has a guaranteed pension of at least $1,000. The residency visa comes along with discounts on airfares to restaurant meals.

2. Ecuador

This is the second country in the world where retirees spend most of their days after their retirement day. It has great beaches, lush jungles, fabulous wildlife, and commodities that are very affordable. The weather in this place is also one of the best features that retirees love because it has 77 degrees during the daytime and 50 degrees at night.

3. Mexico

You are wondering why Mexico is included in the list despite the recent news involving the country in violence and drug cartel but that is the other side of Mexico. Now, try to consider this place because there are also many Americans who were living in this country because of its Spanish colonial architecture, Mayan pyramids, and modern amenities. Just don't mind what the press always describe Mexico. It is still a place that you would really love to live with.

4. Colombia

Colombia is not a harmful nation anymore. It has stabilized its country already to be peaceful and offers its tourists a safe place for tourism. Cities in Colombia that were once related to drug cartels and violence are now vibrant modern cities. Try to include this place in your list and you will never regret spending a dime in the hotels near the coast.

5. Nicaragua

Nicaragua is also one of the best places to consider. There are many American ex-pats living here and according to them, they never regret choosing this place because real estate properties are surely a big business for them. It has welcoming locals and also rapidly improving infrastructures.

These are just a few of the countries that are recommended by Investopedia based on the reviews coming from the retirees living in these countries. It would be hard to look for the best place hat best suits what you are looking for but try to consider doing some research about the best places in Latin America.

Latin America has countries where it has a deeply rooted history. There are also places in these countries that are included in the World Heritage Sites and most of all it has structures that everyone would really love.