Panama
Panama is our top choice for retirement. Why? It has it all; bustling city life, a beautiful and ecologically diverse climate, great medical care, and the incredible Panama Canal. To top it off, most people speak English as their second language after Spanish. Panama is just a short flight away from Miami, and it’s close to the Caribbean. In addition, Panama City is surprisingly affordable. To rent a one-bedroom apartment in the center of the city it’ll cost about $960 a month, while the same size apartment would for about $625 a month farther out. You can also save some money by not having a car. The city is very walkable and public transport costs a one-time fee of $2 for a rechargeable cars and then 35 cents a ride.
Panama
How to retire in Panama
As it turns out, Panama has an amazing retirement program that subsidizes medical care and expenses, property taxes, and even car taxes. Not to mention it also offers a lot of other benefits for retirees of any age. In order to gain residency, you just need proof that you’re receiving a minimum of $1,000 a month from a pension in your home country.
How To Retire In Panama
