Retirement should be seen as a reward.
After the tireless years that you have worked to create your heritage and a legacy for your loved ones, retirement should be the reward and the time where you can enjoy all the things that you always wanted to do but did not do because "you did not have time”.
For some people, retirement means traveling to all the places they have always dreamed of going. For others, it may mean settling in and spending their remaining years in a far off place free from worry.
Now what if you can retire to a place that's perfect for the weekend vacation and a retirement haven at the same time?
It sounds too good to be true?
Well, you have to see it to believe it.
Panama: an interesting place for retirement
When it comes to the best countries for retirement, expats recommend Vietnam, Mexico, Spain, France, and Costa Rica.
If you are one of those who always prefer off the beaten track, then you should seriously consider retiring in Panama. Beyond its captivating beauty, this country offers many benefits that retirees cannot find anywhere else.
Here are some good reasons that will convince you to try this beautiful Central American country.
• Quality of the home
Whether you're looking to live in a high-rise condo in the city or a Mediterranean-inspired beachside villa, you'll find plenty of options to suit your style and preference. There is an excellent variety of properties for rent or sale, depending on your budget and requirements. What's even better is that you can be sure that you will find the best place to retire without spending all of your life savings on it. Expats say that Panama is an ideal place to retire due to the quality of housing it offers and special laws that protect investment.
• Health and security
When you are in your later years, health and safety are two of your main concerns. That's why it's important to make sure you're well cared for wherever you choose to retire.
In Panama, you can be sure to enjoy cutting edge health and medical technology for a fraction of the cost you would expect to pay if you had to choose anywhere in the United States or Europe. Apart from that, this country is also famous for its safety because it has an extremely low crime rate, which means that retirees will definitely feel safe living here.
Older people need to be quite demanding with many things. Of course, when it comes to choosing where to retire, older people will likely choose a place with great weather.
Panama has the perfect climate for people of all ages. Your Atlantic and Pacific areas have dazzling beaches that hear you will enjoy the soothing sea breeze every morning for the rest of your life. If you are considering living in a colder area, then there is the mountainside. In Panama you can vary from temperate climate to tropical climate in less than an hour of road trip, Panama is the best place to retire.
• Cost of living
Since you will likely stop working when you retire, you will want to spend the rest of your days somewhere that has a lower cost of living. Real estate, hotel rooms, restaurants, entertainment, and living expenses cost less overall and may even be lower in rural areas. Even living in urban areas in Panama can be relatively lower than in other countries.
If you want to make the most of your retirement savings, Panama offers a lower cost of living than other countries in America and Europe.
• Retiree program
Currently, Panama has an attractive pension program for retirees. A person who earns at least $ 1,000 per month per pension in his home country may qualify for a pensioner visa, which offers attractive benefits and incentives to foreigners who retire here. For example, you can get 30% off public transportation, 25% off flights, 30% off hotel room rates, 10% off prescription drugs, 20% off doctor visits, and even 20% discount on water and telephone bills.
Panama enjoys a safe and stable economy, thanks to a healthy middle class. This is in large part because the Panama Canal provides a stable and reliable income. It has been the source of thousands of well-paying jobs for Panamanians. Apart from that, the coffee, maritime, banking, foreign capital investment, construction, agriculture, high-value advisory services, manufacturing and aeronautics industries create more jobs and boost the country's economy.
Some final tips:
Wherever you want to spend the remaining years of your life, it would be helpful to hire an advisor with the necessary knowledge to help you prepare for the journey. They can better answer any questions you may have about retirement. They will also walk you through the entire process to make sure the process is hassle-free and seamless.
We are here to give you professional advice now, to make your dreams of retiring in Panama come true as soon as possible.
Until next time!!