What are the best reasons to retire to Panama?
Lourdes Townshend
Posted January 13, 2013
Anne Gordon de Barrigón - Whale Watching Panama/Emberá Village Tours
Posted March 14, 2013
Ingrid Lommers - Spanish at Locations
Posted June 27, 2013
Robert Adams - Retirement Wave
Why Did You Choose Panama?
Why Did You Choose Panama?
- I am not interested in living in a nation that is still recovering (socially, politically, and economically) from a long and deadly civil war. I love Guatemala and have visited many times for more than a decade, but it may take another 36 years to fully recover from its 36-year civil war that officially ended only in 1996 after approximately 200,000 people were killed, plus it has a sky-high crime rate. Civil wars have had a huge impact on some other Central American nations as well, notably Nicaragua and El Salvador.
- I want a nation that allows free speech, a free press, and is democratic, but I avoid nations whose political life is largely determined by an extreme right and an extreme left. These nations can be extremely unstable and what is true in the treatment of foreigners today may not be true a year from today. As far as I am concerned, Honduras is, most unfortunately, a recent example of the problems associated with this kind of "face off" between political extremes. Which "side" I prefer is not important. I simply do not want to live in a nation that faces this sort of continuing political conflict.
- I prefer a nation that does not depend on agriculture and/or tourism for its economic growth. Weather is always a potential problem for farmers and a graph of the prices they can get on the international market for their food often looks like the Himalayas, too many "peaks and valleys" for sound and steady economic growth. Tourism can be suddenly and devastatingly interrupted by a hurricane, for example. And, in both cases, these nations are in constant competition with neighboring nations for the attention of buyers or tourists. When that is all you have to build an economy on, then that is what you have to do, but it is not anywhere near as nice as a steady source of income that does not depend on the whims of weather or tourists. I looked for a nation whose economy was based on products and/or services whose markets are relatively stable when compared to others in the region.
- I want a nation with a dynamic economy that grows at a rate in excess of its population growth. In other words, I want a nation whose economic "pie" is growing fast enough to allow as many of its citizens as possible to benefit. I did not want a nation whose economy was stagnant or declining in the face of an increasing population. That is a recipe for big socio-political trouble, the kind that I have personally and professionally encountered in too many nations, the kind I wanted to avoid in a place to live, not just work or visit temporarily.
Posted June 30, 2013
Lissy Lezcano - Lissy Lezcano Attorney & Mediator
- Sancocho de Gallina de Patio
- Tamales de Maiz Viejo
- Ropa Vieja
- Sancocho de Gallina de Patio
- Tamales de Maiz Viejo
- Ropa Vieja
Posted August 24, 2013
GISELLE SOCARRAZ - Real Estate Chiriqui
Allow me to list a few:
“Panama is the world’s top retirement haven. Panama City no longer qualifies as cheap, but other spots in this country certainly do. Panama continues to offer the world’s gold...
Allow me to list a few:
“Panama is the world’s top retirement haven. Panama City no longer qualifies as cheap, but other spots in this country certainly do. Panama continues to offer the world’s gold standard program of special benefits for retirees. The currency is the U.S. dollar, so there is no exchange rate risk if your retirement savings and income is in dollars. The climate in Panama City and on the coasts is tropical, hot, and humid. However, the climate in the highlands can be temperate and tempting. Panama is the hub of the Americas, meaning it’s easily accessible from anywhere in North and South America and Europe. “
According to the International Living (2012):
“ Panama tops the category with an organized program of discounts and perks called the pensionado. The program is open to foreigners and there’s no minimum age requirement.With it you have serious discounts, money off that makes a big difference to your costs. Like 20% off any professional services used in Panama; 50% off for movies, theaters and sporting events; a 30% discount on public transport, 25% off the price of food eaten in a sit down restaurant; 15% off in fast food joints, 15% off in hospitals and private clinics…25% domestic flights on COPA…the list goes on…”
Panama is free of the truly devastating natural disasters that plague other nations.
According to the Panama Planner (2005):
“Panama is the only country in Central America in a climate zone that is absolutely hurricane-free. Truly blessed by nature, Panama also has none of the destructive earthquakes that plague its Central American neighbors.”
Panama has the lowest crime rate in Central America and one of the overall lowest crime rates against tourists in the World
According to Panama Info (2012):
“Panama is one of the safest countries in Latin America for tourists. Tourism crime especially is low. You won’t have to be constantly on your guard for pick-pockets or purse snatchers like in other countries in the region. Foreign residents will tell you how safe they feel in Panama compared to other countries in the region and it is only getting better. Under the new Martinelli government, effective measures are being taken that have already reduced crimes in general by 28%.”
Panama has world class beaches, mountains, waterfalls and natural splendor
According to Panama Invest (2009):
“Think of fine powdery sand on your feet. Think of rugged landscapes and seaside cliffs. Think of the coral reefs and the variety of marine life and fish. Panama has it, in great abundance. After all, Panama is sandwiched between two oceans.For those whose passion is surfing, you can take your pick or explore all of Playa Punta Puss Head, Paunch Beach, Bluff Beach, Larga Beach and Cayo Zapatillas. Panama is great for snorkeling, scuba diving, deep sea fishing, and diving activities. One of the most beautiful snorkeling destinations is San Blas Islands. Home to the Kuna Indians, San Blas is one of the last remaining unspoiled beaches, and it has miles and miles of coral reef that you can explore to your heart’s content. Go to the Pearl Islands and explore around 60 beaches of all types and colors while island hopping.”
“Bird watching and trail hiking are offered in Panama. It has miles and miles of live coral reefs and it has 12 national parks as well as 19 protected areas. You want the sea, Panama has it. You want jungles and forests, Panama sill has it. For nature birdwatchers, you can indulge your passion in Bocas del Toro’s Island Birds where around 50 species of migratory birds go. In the Teribe Territory, about a 100 species of birds also thrive. Here you will also find the famous thumbnail size red frogs. You can also visit native Indian tribes in their natural habitat trough travel agencies that offer this. Ecotourism is becoming more and more popular in Panama, and the possibilities are endless. Here we have rainforests, jungles, water falls, streams, rivers, mountains, deserted beaches, anything nature can provide, all in this small country called Panama.”
Panama has a stable and rapidly growing economy that makes it a boon for investors
According to the US Commercial Service’s Investment Climate Report (2012):
“Panama’s investment climate is generally positive. The country’s sterling economic success is based on a strong macro-economic policy and excellent management of the Panama Canal and associated transportation services. Panama has enjoyed some of the highest economic growth in Latin America in the past decade, and most observers predict continued strong growth in the years ahead due to stable and consistent macro-economic policies. Growth tallied 10.5% in 2011 and 7.5% in 2010, after a deceleration to 3.2% in 2009. The Government of Panama (GOP) has promoted economic growth over the last decade through open market policies and by encouraging trade.”
Posted August 26, 2013
ROSALIND MCCOY - PANAMA SIGNATURE REALTY
- Incentive program offered to retirees, providing discounts on many service businesses.
- Many good restaurants to try but not too too expensive.
- Infrastructure is a mess while the metro is still under construction. Driving around is a big challenge but then you can hire a taxi driver at a low rate, even though it´s gone up.
- Affordable in comparison with North American standards.
- Panama is a small country. Nowhere is too far to reach. You can try out activities anywhere like the beach, the island, the rainforest within a reasonable time.
Posted October 23, 2013
Robert Adams - Retirement Wave
As we get older, we get to a point where our bodies don’t handle colder temperatures as easily as they once did. We tend to get a chill easily. We need to be warmer than we did 20 or 30 years earlier. And that’s why, when you walk into a nursing home or a retirement home you often suffocate. (When I used to visit my 90+ year-old mother, I would always be hot, but she would...
As we get older, we get to a point where our bodies don’t handle colder temperatures as easily as they once did. We tend to get a chill easily. We need to be warmer than we did 20 or 30 years earlier. And that’s why, when you walk into a nursing home or a retirement home you often suffocate. (When I used to visit my 90+ year-old mother, I would always be hot, but she would turn down the temperature to make me comfortable and then wear a jacket.)
In the case of my mother (who lived in a “4 seasons climate”), I saw this very vibrant woman lose so much of that vibrancy as she went outside less and less because of the cold, as she got older. I said to myself “I’m never going to let this happen to me. When I start getting to a point when I’m getting older, too, I want to be in a country or in a place where I can walk out the door and be comfortable. I don’t want to be trapped inside.”
And that’s exactly what doesn’t happen to you when you come to live in a place like Panama. I can go outside 365 days a year, there’s just no question about it. And, yes, some days its really hot and humid and other days it isn’t so humid or so hot, but it’s always warm. The situation in Panama is a complete reversal of the situation my mother had where she would stay inside where it was warm, whereas going outside would be too cold. Here in Panama, if I get too cold, I can just turn off the air conditioning, or just walk out here on the balcony and sit down, which I do. I spend a lot of my time out here.
When I get to the point where I’m 75 years old or 85 years old and not as mobile as I once was, its going to be wonderful to be able to step out onto a balcony or a porch or a patio and just enjoy that warmth and be really comfortable outside where I can see the birds and hear life going on and be part of that environment.
My mother told me “Bob, I don’t know what I’d do without my television set.” For her of all people, it was horrifying, really awful. I don’t want to get to that point. I look out my balcony here and I see plenty to keep me busy. I don’t need the television set. I like that.
I wanted to get into this sort of climate to adapt to it and get used to it before I HAD to. Often, when you get to a point where you HAVE TO, you may be too old or too weak to do it, and I’m not about to let that happen to me.
So, if you come out of a temperate climate and you think, “I’ll never adapt”, give it time. You’ll probably adapt long before you need to, but when you need this warm weather, you’ll have it.
Posted December 29, 2013
Sieg Pedde - Helix Courier Limited
Posted September 1, 2014
Terry Bradford
Posted October 11, 2014
kevin obrien - BarefootPanama
Posted October 14, 2014
Lucia Haines - Panama Realtor Inc.
Posted October 29, 2014
Bill Hamilton - Bill Hamilton
Posted February 4, 2015
Michael A. Martinez - B & B Real Estate Nicaragua / Panama Real Estate Information
Posted February 24, 2015
Charles Conn - The Visitor
Posted March 10, 2015
Linda Jensen
Posted March 29, 2015
Isha Edwards
Posted April 1, 2015
Melissa Darnay - Choose Panama
Posted July 28, 2015
Iván Eskildsen - Cubitá Group
Posted August 24, 2015
Sarah Booth - Panama Holiday Homes & Buyer's Consultant with My Panama Real Estate
My airline of choice is Copa, which is based in Panama. From Panama, you can fly to Uruguay direct. You can fly to France. You...
My airline of choice is Copa, which is based in Panama. From Panama, you can fly to Uruguay direct. You can fly to France. You can fly all over Central and South America in an hour or two. This is just one of the reasons why I love living in Panama; it’s just so accessible to the rest of the world and my biggest passion is travel. Panama is my first choice of any country in the world that I want to live in but I do like that fact that I can go in a heartbeat and be almost anywhere quickly and comfortably.
It’s even more accessible than most places in the US. On many flights, when I’m on going back to Panama, most people are going through Panama to go somewhere else. Panama is just a huge, huge hub. In addition, they’re currently expanding the airport. It’s one of the busiest airports I’ve ever seen. I’ve seen so much wonderful growth in Panama, and with regard to travel, it’s amazing.
Posted November 27, 2015
Mike Vuytowecz - Inside Panama Real Estate
Posted August 17, 2016