Retirement in Panama

More and more people today are choosing to move abroad when they retire, in search for a better and more relaxed life. With an increase in the cost of living, as well as poor social security and pension plans, many people cannot afford to stay in their country of residence, and they opt to move away to a place where they can afford a better way of life. Many places abroad have a cost of living so low, that it is often compared to what prices may have been like about a hundred years ago. With this as an incentive, as well as tax breaks, residency programs and discounts on airfares and dining; why would people not opt for retirement in Panama? The Republic of Panama has offered a great life for people who have retired, and has attracted thousands of people from the United States. It was recently voted one of the top five destinations by the American Association of Retired Persons (AARP), and voted Number One by International Living.

People have found that retirement in Panama has offered unbeatable price differences compared to the United States. Medical Services only cost 30% of what they do in America, which is reason alone to move over once retired. As a retired person, you will automatically get a discount on all dental bills, eye exams, doctors’ bills, medicines and hospital services. This can be very important as you start getting older, and will offer you a little bit of added security and take a load off your mind.

There are a great range of incentives offered for retirement in Panama, including some great discounts on entertainment. On weekends, you will receive a 30% discount on hotels, and during the week you will only have to pay half price. You will be able to travel all over the country, and enjoy your retirement with these fantastic offers. You will also get discounts on tickets to the movies, sports games and cultural events which you can enjoy throughout the year. Retirement in Panama offers a whole lot of great days out, and activities that you can enjoy with your friends and family.

If you decide to make your retirement in Panama, you will receive some great discounts on utility bills and mortgage bills. If you are importing your furniture over from another country, you will be tax exempt for all items to the value of US$10,000. There is also an import tax exemption on your car, as well as on other household goods.

Panama takes good care of retired people, offering some fantastic discounts and tax exemptions. Even visiting banks or any other public institutions is hassle free, with separate and shorter lines for retired people. Prices are cheaper, and you will be able to afford things that you may never have considered before such as a maid or a gardener to help you out in and around your home. With fantastic offers on flights, holidays, hotel rooms and events, retirement will be fun and something for everyone to look forward to!