| Is Panama The Best Place to Retire? | | | | fluctuating exchange rates and the declining value of |
| Are you thinking about retirement? Have you been | | | | the U.S. Dollar. In Panama a buck is still a buck and it |
| trying to figure out where the best place to retire | | | | goes a long way! It's also a good reason many |
| would be? Then you are in luck. One of the most | | | | consider Panama to be the best place to invest in |
| recommended places in the world to retire is the | | | | Real Estate. |
| country of Panama. Why is Panama one of the best | | | | Low Cost of Living in Panama |
| places to retire? There are many different reasons | | | | The low cost of living is another reason Panama is |
| for this, starting with the fact that Panama weather | | | | one of the best places to retire plus the government |
| is as close to perfect as you could ever find. There is | | | | requires merchants to provide many discounts for |
| very little change in time and the temperature from | | | | retirees. As a retiree in some cases you can enjoy up |
| one season to the next in Panama. So you enjoy the | | | | to 50% off your purchases. Just some of the |
| tropical climate all year long. | | | | discounts include eating in restaurants; attending |
| Boquete Panama Weather | | | | movies and even going for a doctors visit. This has |
| Normally, the temperatures and humidity are high and | | | | lead some to say Panama is also one of the |
| range between an average low of 70 degrees and a | | | | cheapest places to live. Living & Investing in Panama |
| high of 90 degrees. Of course, in the highland areas | | | | has many other benefits such as some of the best |
| the temperatures can get colder at night, occasionally | | | | health care that can be found in Central America. You |
| dipping into the 50's and typically will not go much | | | | can enjoy a safe atmosphere to relax and there are |
| beyond 80 during the day. Also, the highland areas of | | | | a lot of friendly people to associate with. |
| the country, like Boquete Panama, have much less | | | | Retire Young in Panama! |
| humidity so they are very popular with retirees. | | | | If you do not feel like the reasons above are enough |
| Panama does have a rainy season when it receives | | | | to qualify Panama as the best place to retire, |
| the majority of the precipitation however, Panama is | | | | consider this - Panama has a new modern way of |
| located outside of the hurricane zone so violent | | | | looking at retirement. They do not believe that you |
| weather is unheard of. | | | | have to fall into the senior category and be over |
| The Tax Haven Panama | | | | sixty to retire. In fact, as a foreigner you can retire |
| Another reason that Panama is considered one of | | | | at the tender age of 19, provided you meet the |
| the best places to retire is because it has many | | | | retirement qualifications. Some of these requirements |
| wonderful and attractive laws including tax benefits. | | | | include proving that you have some type of benefit |
| For example, you do not have to pay taxes on | | | | program ( a government or private pension) that |
| foreign-earned income and you are not be required | | | | pays you at least $500 a month. This has to be |
| to pay property taxes on any new house that you | | | | unearned income for you to qualify and you cannot |
| build or buy for up to fifteen years. Panama also uses | | | | have a criminal record plus, there are a few other |
| the United States dollar as legal tender, which makes | | | | simple qualifications to meet. |
| it much easier to make the transition to Panama than | | | | Hopefully this gives you a small taste of why many |
| it would be to retire in a country that does not | | | | consider the Best Retirement Communities to be in |
| accept US currency. This is a tremendous benefit for | | | | Panama! |
| American investors in today's world of wildly | | | | |