Some may be asking why is Panama so popular to both live and retire in.
Here’s how Panama ticks the Retirement Wish List boxes:
Year-round warm tropical climate
Close to family: just a 3-hour flight to/from the U.S.
Gorgeous scenery: Beaches, islands, mountains, rainforests, farmland
A cosmopolitan city that rivals any in the western hemisphere for modernity and innovation
An international airport with direct flights to dozens of countries
Fresh, healthy, affordable food—from seafood to beef and a cornucopia of produce
Safe, politically stable and business friendly
A strong and growing economy and a solid middle class
A diverse ethnic melting pot, LGBTQ friendly
World-class healthcare; a top medical tourism destination
No income taxes on foreign-earned income and very low property taxes
Extreme affordability. A couple can live all in, rent and more included, on $2,200 a month
And then there are things you might not have on your retirement wish list—especially if you’ve not thought much about retiring overseas—but these can make all the difference.
Here’s how Panama stands out and why it is the #1 retirement destination in the world:
✓ No hurricanes, tornadoes, or other major weather events
✓ Super-modern infrastructure (as you’d expect from the home to the Panama Canal): internet, cell service, roads, public transportation, maritime services, and more
✓ You can drink the tap water almost anywhere
✓ The currency is the US dollar so no confusing conversions to deal with
✓ English is widely spoken
✓ Resident visas are easy to qualify for
✓ Panama has the world’s best retiree program that helps to vastly lower your cost of living
