Jeremy Teitelbaum, 56, (not pictured) moved from California to Colombia for retirement.Crispin la valiente / Getty ImagesJeremy Teitelbaum, 56, moved from California to Colombia for a more affordable retirement.Rising living costs in the US are driving many retirees to seek cheaper options abroad.Teitelbaum's $3,423 monthly pension covers his expenses in Pereira, Colombia.To Jeremy Teitelbaum, the weather in Pereira, Colombia, feels like "eternal spring." The 56-year-old never gets tired of the cool breeze, light rain, and reliable sunshine.Teitelbaum moved to the city about a year ago.