If your retirement dream contains olive groves and vineyards, arts and cultural events, and life at a slower pace, Italy probably appeals to you. But is it affordable?

The answer is both yes and no. If you are looking for a retirement where you can survive on the fewest possible dollars a day, probably not. However, a modest income can stretch to accommodate la dolce vita – if you know where to look. (Italy is included in Know The Top Countries For Retiring In Europe.)

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Source: http://www.investopedia.com