The Street loves Panama. This article places Panama as the number one choice for retirees.
There is simply no other country that offers Panama’s combination of proximity to the U.S., quality healthcare, modern amenities, quality infrastructure, intense beauty, and opportunities for accessible adventure coupled with Panama’s low cost of living.
However, the reality is that very few people who contact our office are seeking to live on Social Security budgets. They are mostly people of means who for lifestyle, investment or political reasons are seeking a quality alternative. Most just want to experience the pleasures of a new, thrilling and cost-reasonable life whether it be for some number of years or for the rest of their lives.
The Street, October 14, 2016, by Eric Reed
Panama just kind of has it all, it’s as simple as that. Location? Check. Not far from the United States, Panama City’s airport is one of the continent’s major hubs and an easy point of departure to anywhere. The city itself is a bustling, modern metropolis, with the options for art, culture and dining that come with that.
Health and amenities? Check. A well developed, modern country, Panama offers pretty much any of the services you could find back home, whether it’s WiFi in the living room or capable doctors nearby.
Beauty and a sense of adventure? Check and check. This lush, jungle country offers gorgeous scenery and your choice of two coastlines. Heck, why choose? Just swap oceans every time your lease runs out.
Cost of living? Check. Panama isn’t just affordable. Thanks to the government’s Pensionado program, anyone who comes in with a pension of at least $1,000 per month gets a whole series of government benefits (including residency) designed to make life easier and cheaper.
There are a lot of reasons to move to a lot of different countries. If you can’t choose, though, choose Panama.”