Panama: The New Destination for American Retirees

To Americans, the beautiful sandy beaches and relaxing golf resorts that stretch over all parts of Florida have grown to be practically synonymous with retirement over the past few decades. But today, as more and more retirees are exploring alternative retirement destinations, many are discovering the beauty and opportunity that lie in the flourishing South American country of Panama. The low cost of living, contemporary infrastructure, affordable Panama real estate and stable economy make Panama a desirable destination for retiring Americans. Gracious and welcoming Panamanian people and the use of the U.S. dollar for currency make Panama a natural choice for American retirees seeking a truly unique yet inviting home away from home.

The low cost of living in Panama as compared to that in most parts of the United States makes this thriving country an especially attractive destination for retirees. American retirees are able to uphold a higher standard of living in Panama than they would with the same resources in the United States. The costs of housing construction, food and groceries, medical expenses and transportation are generally lower across the board in Panama. The U.S. dollar goes noticeably further in Panama than in the states, but Panama also offers special incentives for retirees that make living in the country even more affordable. Retirees are eligible for perks including widespread discounts, property tax incentives and tax free importing of household goods and vehicles.

Panama offers most modern conveniences to which retiring Americans are generally accustomed. Internet, cable television and cellular phone access are available in most places. The quality of shopping is also highly regarded in Panama, and most U.S. good are available. Banking and medical care are also modernized. Panama has one of the most stable economies in Latin America, and the Panama Canal generates a consistent stream of revenue for the country. With a multibillion dollar canal expansion that will bring more jobs to the area planned in coming years, the economy is showing no signs of slowing anytime soon.

One cannot discuss retirement in Panama without pointing out the manifest natural beauty all over that makes so many people fall in love with the country in the first place. Cool mountain climates, pristine beaches and lush vegetation abound in Panama. Panama has a suitable environment for every type of retiree, from city dwellers seeking a downtown condo in the center of activity to those seeking a beach escape from everything and everyone.

About the Author: Laurie Cooper, of Cpanama Real Estate Corp., is an expert on Panama real estate. For more information, please visit http://www.cpanama.com