Eight Lifestyle Reasons For a US Citizen to Retire to Panama

For the last ten years, Panama has continually been inPanama City can be hot and sultry and the air a little
the top five lists of recommended retirementbit on the polluted side, but this is no different from
locations. International Living magazine, the Americanany other major world city. As you get out into the
Association of Retired People, Modern Maturitycountryside the weather gets cooler and more
magazine, Retire and Invest Overseas, and apleasant. Favorite retirement areas like El Valle de
multitude of other newsletters and publications haveAnton and Chiriqui Province offer pleasant
praised the benefits of retiring to Panama.temperatures year round. If you like the beach, you
So, why should YOU consider retiring to Panama?can live on either the Pacific coastline or the
There are probably as many reasons as there areCaribbean.
people considering it, but below I give you eight ofNumber 5: You can choose a city or country lifestyle
my personal lifestyle reasons.(and you can drink the water)
Number 1: It is only hours away from the U.S.Approximately half of the Panamanian population lives
mainlandin Panama City. The city is vibrant and exciting. You
Panama can be reached from both cities in thecan choose to live in the older sections (like Casco
Eastern and the Western United States with relativeViejo), or in the newer sections near the downtown
ease. When I make by trips to Panama, I generallybusiness sections. If the city doesn't suit you, it is off
leave from Fort Lauderdale, Florida and within twoto the interior. But you do have a choice.
and a half hours, I am landing in Tocumen Airport justNumber 6: Affordable healthcare
outside of Panama City, Panama. I still have a livingThe cost of medical care in Panama is considerably
parent, children, and grandchildren in the U.S. and I likeless than in the United States. A large portion of the
the fact that within a few hours, I can be with themdoctors have been educated in the States and in the
in case of an emergency.Panama City area, you will find some of the best
Number 2: The cost of living is relatively lowmedical facilities in the world. A number of these are
I say the cost of living is relatively low because youassociated with leading U.S. hospitals like Johns
can live any lifestyle you want in Panama. If money isHopkins and Miami Children's Hospital.
no object, you can live in a modern, three to fourNumber 7: Panama has a stable government.
bedroom condominium in an elite area with all theDue to the importance of the Panama Canal, the
amenities you could hope to have in the States.United States government has pledged to protect
There are however many retirees who are not soPanama's sovereignty. The government is a
fortunate and must live on a reduced income. Thereconstitutionally elected one and has no standing army.
is a place in Panama for them too, especially in theFor those who still think of Panama in the same
interior (all the country outside of Panama City).breath with Noriega, forget it. Those days no longer
Prices vary by location and by neighborhoods as theyexist.
do elsewhere, but you can retire to Panama withinNumber 8: You can retire young if you meet the
the income which Panama requires you to have toincome requirements.
stay in the country.You can retire as early as 19 years of age if you
Number 3: Communication systems such as internet,meet the retirement income requirements. You don't
cell phones, and satellite/cable TV are readily available.have to wait until you are in your sixties to retire. So,
There is a wider range of communication systemfor those with sufficient income, the benefits of
possibilities in and around Panama City, but high speedretirement living in a tropical environment can be had
internet, cell phones, satellite TV, and cable TV canin your prime productive years.
readily be found in most parts of the county.Panama is my number one choice among retirement
Number 4: The weather is perfect: beaches,destinations. Yours may be different, but you can not
mountains, and citiesgo wrong by checking Panama out.