Here is your Forbes Daily Briefing for Monday, July 29th.

Today on Forbes, The Best Places to Retire Abroad in 2024.

Colleen Kennedy is a child of Southern California.

Born raised and educated there,

she spent most of her professional life

as a high school special education teacher in Manhattan Beach, a tiny enclave

wedged between Los Angeles and the Pacific Ocean. She says, quote, I love

Southern California. So where did the divorced 65-year-old mother of three grown children

decide to settle for retirement? Spain. Earlier this month she moved from

Los Angeles to Mejas Costa, along the Costa del Sol, west of Marbea,

to a rented apartment just a 10 minute walk from the Mediterranean.

Despite the region's swank reputation, she figures her basic cost of living there will be a third of what it was in Los Angeles.

In LA, she rented an apartment in the working class San Pedro neighborhood near the beach and the port.

It cost about twice as much as her new Spanish digs. Plus, in the U.S. she paid to keep a car,

which she won't need in Mejas Costa, thanks to mass transit and stores that are within

walking distance.

She'll also be able to make frequent, more affordable trips to other European countries by train.

She says, quote,

my money will go so much further.

Kennedy picked Spain after seven years of methodical research

and a two-month trip to the Iberian Peninsula in 2022 to check it out.

She's learning Spanish via Zoom from another retired teacher who taught the language and has also

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