You do not need a second passport if you li
You do not need a second passport if you live or work abroad, but it may be advisable in the future, if you are traveling for safety reasons. Nowadays, I prefer traveling with a Panamanian passport as opposed to an American passport.
We have one and a half years to go before we can apply to be a Panamanian citizen and have dual citizenship. You need to be a Panamanian citizen before you can get a Panamanian passport. You have to be here for at least five years, you have to pass some tests, and prove that you live here in Panama 99% of the time.