Wondering About Retirement in Panama? Why Not Ask a Friend?

Panama’s retiree community is growing by leaps and bounds everyday. You’ll find tens of thousands of seniors from nations around the world enjoying their golden years in the sun drenched climes of this equatorial paradise.

If you are giving some serious thought to retiring here, why not ask a new friend what they think about the idea?

You’ll find lots of great information about life in Panama in various kind of media, but there is nothing like meeting and sharing with others first hand. Just plan a trip to Panama and make sure to allow lots of time to visit with existing residents in some of the retirement areas of] the country.

You can begin in Panama City with trips to see various high rise condo towers. Your real estate agent can arrange for you to spend some casual time in the social areas of each tower. In this setting you can enjoy relaxing conversation with folks just like you. You will find that making new friends this way is easy, it is tearing yourself away so that you can continue on to your next stop that is hard.

[/caption
When you have learned a bit about the city life, continue up the coast to Playa Blanca or maybe hop a ferry out to the Pearl Islands for a taste of retirement living in a more natural setting. While in the area, your Panamanian real estate agent can arrange poolside and club house meetings with more new friends.

Before you bring your research to a close, make sure to journey into the mountains surrounding Boquete. This area is one of Panama’s most popular retirement destinations. The cool mountain air and lush rainforest climes of this remarkable place have made it a legend among seniors from around the world. Your real estate agent can arrange for you to attend some of the many social events that fill the calendar of busy seniors here. Bring your address book, these are friends you won’t want to leave behind.

Everywhere you go in Panama, your new friends will provide enthusiastic confirmation that retirement here is great. Your only real challenge will be deciding where to settle down, but you can bet that your new friends will have some ideas on this as well.

When planning your move to Panama remember that your life here can help you stretch your retirement dollars in many ways. For example, when you retire to Panama, you will no longer have to pay taxes on income you earn outside of the country. In addition, if you buy your retirement home with the right guidance, you won’t have to pay property taxes for up to 20 years. These two factors alone will usually save upwards of 30% of the dollars you are now spending back home.

It is also important to remember that Panamanian law allows you to invest and bank in secrecy. The mechanisms that make this financial privacy possible have also produced one of the best estate management jurisdictions on earth.

The people of Panama want you to retire here. As proof, the Panamanian government has instituted one of the most generous senior discount programs on earth. Panama’s “Pensionado Program” provides qualified retirees with discounts on a wide range of good and services. You’ll save up to 50% off of regular ticket prices for entertainment options like movies, theaters, sporting events, etc. Qualified seniors also save 50% off of the price of mid-week hotel stays, 50% off of the cost of closing your home mortgage, 30% off public transport costs, 25% off domestic air tickets, 25% off at restaurants, 20% off of professional and home repair fees, 20% off the already low cost of a Doctor’s care, 5% off of your hospital bills if you are not insured, 15% off of the cost of dental and eye exams, 10% off on local prescription prices… and more!

If you are thinking about retiring in Panama or just visiting to develop an asset protection, business, banking, or investment strategy, make sure to begin by building a strong relationship with a local attorney. There are many third party sources able to help you select the best one for your needs. These groups provide unbiased reviews of providers in Panama’s professional community speeding you to a successful pairing.

For more useful information about moving to Panama contact one of our experts today.