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Home Retirement/Living

The Problem With Panama

Kathleen Peddicord by Kathleen Peddicord
Oct 18, 2023
in Retirement/Living
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Isla Zapatilla at Bocas del Toro Province. retirement in panama

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[vc_row][vc_column][vc_column_text]Imagine…

Tall, lazy palm trees swaying in the breeze behind you…

Cool, powder-soft white sand between your toes…

And, out in front, a scene from paradise:

Sun-kissed, bright-blue waters lapping gently onto the beach.

For many, Panama’s Caribbean coast is the ultimate retirement destination… the top prize for a lifetime of hard work.

For many… but not me.

No, I’m a Pacific gal…

I like my beaches dramatic—crashing waves, ocean sprays, and big, wide beaches that continue as far as the eye can see.

And, if ever I’m in the mood for a change from Panama’s Pacific coast, it’s only a couple of hours of driving north to try out Caribbean living…

Of course, I could also head west to enjoy cooler weather up in the mountains…

If the fancy struck me, I might drive east instead… to reconnect with cosmopolitan living in Panama City.

Though, once there, I’d have even more choices to make. Which suits me better—French-colonial romance in the old quarter…

Or a slice of American suburbia in the new high-rise luxury center along the bay…[/vc_column_text][vc_single_image image=”80993″ img_size=”full” el_id=”imagen-de-contenido-de-pages”][vc_column_text]I could go on and on, but I think you’re beginning to see my point… which is:

Mile for mile, coast to coast, Panama offers more lifestyle choices than any country I know.

Such a little country shouldn’t be able to boast as many options and opportunities…

But I’ve been investing, living, and working here for more than 25 years… and I can tell you with certainty that Panama is the World’s Land Of Opportunity.

Indeed, I’m all in on Panama.

Fifteen years ago, I moved my family here…

After decades doing business all over the world, I chose Panama as the best place to invest my time and my money in a business.

I’ve also invested in multiple properties here… from an ocean-view loft condo in the metropolitan capital to a dream beach home at Los Islotes, the community Lief and I are developing on Panama’s Veraguas coast.

In addition, Lief and I have bought commercial rentals, teak plantations, fruit plantations, and riverfront in this country.

To say I strongly endorse Panama as a place to live and invest would be an understatement.

Not that this place needs an endorsement anyway…[/vc_column_text][vc_raw_html]JTVCY3BfcG9wdXAlMjBkaXNwbGF5JTNEJTIyaW5saW5lJTIyJTIwc3R5bGVfaWQlM0QlMjI4NzYxOCUyMiUyMHN0ZXBfaWQlMjAlM0QlMjAlMjIxJTIyJTVEJTVCJTJGY3BfcG9wdXAlNUQ=[/vc_raw_html][vc_column_text]

What Retirement In Panama Is Like

Already one of the world’s most established expat havens, Panama is also the #1 Retirement Haven In Latin America…

The foreign retiree visa here is famous the world over, and seniors in this country are treated with the highest respect.

As a retiree here, you’ll get the red-carpet treatment with benefits such as:

· Duty-free import of your household goods and vehicle…

· 50% off movies, concerts, and other entertainment…

· Up to 30% off travel fares via planes, boats, trains, or buses…

· Up to 50% off hotel stays within the country…

· Up to 20% off health care bills and prescription medicines…

· 20% off professional and technical services…

· 50% reduction in closing costs for home loans…

· 25% discounts on utility bills…

· Discounts on personal loans, home mortgages, and more…

Plus, you can skip the front of just about any line (from the grocery store to the government visa offices). It’s a small thing, but it might just be every retiree’s favorite perk!

The opportunity in Panama for retirees right now is as good as it gets, and it’s all as short as a three-hour flight from the United States.

This little country with two long coasts, one with crashing Pacific waves and the other with tranquil Caribbean waters, is also a top choice for investors, thanks to its tax-haven status, its international banking center, and the rock-steady growth of its surging property market.

Panama City is the hub of all Latin America, a place where everyone comes to shop at modern, American-style malls, to do their international banking, and to relax (or party it up) on vacation.

A tropical wonderland with a cosmopolitan capital, Panama is truly the #1 Retirement Haven In Latin America.[/vc_column_text][vc_raw_html]JTVCY3BfcG9wdXAlMjBkaXNwbGF5JTNEJTIyaW5saW5lJTIyJTIwc3R5bGVfaWQlM0QlMjI4NzYxOCUyMiUyMHN0ZXBfaWQlMjAlM0QlMjAlMjIxJTIyJTVEJTVCJTJGY3BfcG9wdXAlNUQ=[/vc_raw_html][vc_column_text]

Is Panama Your Retirement Haven?

Panama was the best choice for me… but only you’ll know if it’s right for you, too.

That is, Panama is a place of opportunity…

It’s where tens of thousands of expats have already reinvented their lives, chased adventure, and retired well at a dramatically reduced cost…

And it’s where foreign investors continue to make money from both long-term capital growth and immediate cash flow.

But Panama is not for everyone…

Indeed, it may not be for you…

That’s why, today, I’m gathering my team of Latin America experts together for our Live And Invest In Latin America Virtual Conference.

We’re on a mission to help you decide where in Latin America is your #1 haven…

Maybe it’s Panama…

Maybe it’s Belize… or Mexico… or beyond…

The only way to find out is to book your spot and join us, here.

Until next time,

Kathleen Peddicord signature

Kathleen Peddicord
Founding Publisher, Overseas Opportunity Letter[/vc_column_text][/vc_column][/vc_row]

Tags: 'Expats Overseas''living in panama''retirement havens'
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, CNN, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her Best-Seller book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

Her latest book is "At Home At Los Islotes," where Kathleen shares her life's adventure in Panama.

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