Panama is the number one retirement destination for the past 14 years for a reason. When deciding where to retire overseas or the best place to retire overseas, people are choosing Panama as their best retirement destination.
At Retire in Panama, you will find out about:
- The cheapest place to retire
- Cheapest overseas place to retire
- Best cities to retire in Panama
- Early retirement and why Panama is best place to retire
- How to retire with little or no savings
- How to retire early
- How to Retire in Panama
- How to live in Panama like a King
Why Baby Boomers retire in Panama
For some baby boomers, all they want to know is where to retire cheap. For others, they want to know the best place to retire for safety. Whatever motive you have for looking overseas to retire. Panama is the best location to retire overseas for many reasons.
If you are looking at reasons to retire in Panama, look no further. You will learn about:
- Overseas retirement communities in Panama
- How to retire overseas
- Why retire in Panama
- Panama facts
- Best places to retire in Panama
- Panama Pencianado Program
- Panama real estate
- Panama land sales
- Panama beachfront property
Geography of Panama
Panama is somewhat larger than the state of Florida and bordered on the northern coast by the Caribbean Sea and on the southern coast by the Pacific Ocean. The country of Panama is an isthmus, connecting South & Central America. To Panama’s east is Columbia and to its west borders Costa Rica.
Panama has thousands of miles of beaches, thousands of square hectares of rain forest and even a mountain region with spring-like weather all year long.
- Beautiful Beaches–you can live on Pacific or Caribbean
- Low cost of living
- Luxury High Rise Condos
- Tax incentives
- Safe–Low Crime
- Inexpensive Panama City Hotels
- Pencianado program special incentives for retirees
- Friendly Panamanians
- Grass-fed beef– very healthy
You must check out RED FROG Beach!
When you think of a beach, what comes to mind? Clear water, white sand, Palm trees? Red Frog Beach has it all. It is probably one of the most beautiful beaches on the Caribbean side of Panama. It is a high-end property, but well worth a look. Red Frog Beach is located in Bocas del Toro.
Panama Is the Best Retirement Destination in the World!
Residents of Panama pay now tax on foreign-earned income, so retirees can own businesses and investments in the US, and pay no tax in Panama. This is an excellent way to boost your retirement income. Even if you have no current investments, once you’re living in Panama, with its low standard of living, you can definitely afford to invest.
Foreigners can buy and own property in Panama and enjoy the same rights and protections as any Panamanian citizen. What’s more, all new construction enjoys a property tax exemption, applied on a sliding scale according to value. So you can afford to build your dream home in Panama.
English Spoken Here
English is spoken by most Panamanians, and many US, Canadian and European expatriates have retired to Panama. This means you won’t have to struggle to learn a new language or search for places to do business where English is spoken.
The Stores and Restaurants You’re Used To
Panama has a US-style infrastructure and many US businesses operate in Panama. You’ll find many of your favorite stores and restaurants, and the US dollar is the official currency, so you know exactly what you’re paying.
Medical Care In Panama
Panama has extremely good medical care, with many US-trained, English-speaking doctors. You don’t have to worry about what might happen if you get very sick in Panama. If you are a senior citizen, medical care in Panama is even less expensive. By the way, many people go to Panama to have dental work done as well.
Communications in Panama are state-of-the-art, and most of the country has High-Speed Internet service. This means you can communicate with your friends and relatives, do videoconferencing, even run your own Internet-based business from Panama. Cell phone service is available throughout most of Panama.
You get 25% off many restaurant meals as a participant in Panama’s Pensianado program. Of course, if the restaurants were just so-so, that wouldn’t be a good deal. But Panama has world-class restaurants, which already offer extremely low prices. Imagine getting a steak dinner for yourself and your spouse with wine and tip only paying $35! Then take 25% off of that, and you’ve just had a steak dinner for a total of $26.25.
How about a lunch for two of chicken, potatoes, plantain, and bottled water, for $6. These are just a few of the options you have in fine dining in Panama.
Many retirees still flock to Florida for the weather – and see their homes, and the investment in them, destroyed by hurricanes. And then there’s just the simple fact that you have to live with hurricanes in Florida, even if you come through it just fine.
Panama has beautiful weather, with warm days and evenings hovering around 70 degrees Fahrenheit year-round. There is a rainy season in mid-fall (October to November) and humidity is fairly high. But the best part is: no hurricanes.
Low Cost of Living, Low Prices
Real estate prices in Panama are very, very low, and the cost of living is so low as to be unbelievable. A few prices you are likely to find in Panama:
Large popcorn at movies… $1.90
Average taxi ride… $2.00
Pair of jeans at local store… $6.00
Living in Panama… Priceless!
Safety is a concern when you’re planning your overseas retirement, of course. You don’t want to live in either a current high-crime area or an area that is heading toward high crime rates in the future. Panama is extremely safe, with a very low crime rate and good law enforcement.
Panamanians are friendly people, and they’re friendly toward expatriates who retire to Panama. You won’t encounter any of the anti-American hostility you might experience in some overseas retirement destinations.
The beaches in Panama are incredible, and because it borders both the Caribbean and the Pacific, there are lots of beaches to choose from. You can visit the beach anytime, or live on the beach if you desire. Remember, no hurricanes.
Nature Lovers’ Paradise
With oceans, mountains, rain forests and wildlife, Panama is a nature lover’s utopia. Definitely a great place for retirees who love to be outdoors, and for the photographically inclined.
The Pensianado Program
But perhaps the best retirement feature of Panama is the retiree incentive program called the Pensianado, which is available to anyone over the age of 18 with a guaranteed pension of $500 ($600 for couples), and which provides enormous financial benefits.