Retire To Panama on US$800 Per Month

“I just wanted to say what a great newsletter this is. It really provides value and isn’t just a gargantuan mix of bad banner ads.

“I have one question, though. I am young (under 30), and I will probably not have enough money to start investing overseas and setting up tax-efficient entities for 5 to 10 years. I was wondering if you had any good resources for someone like me who is interested in the tax benefits and capital preservation aspects of overseas living and investing and who has the time but not the money. I would like to learn as much as I can now before I have the money to start investing.”

— Josh B., United States

You’ve taken a great first step by signing up for these free dispatches. As you’re specifically interested in learning more about investing internationally, I’d suggest you might also want to become a member of Lief Simon’s Global Property Investor’s Marketwatch service.

In addition, as you have an interest in tax-saving structures and strategies, I’d recommend you take a look at the free e-service of a group I’ve worked with for many years called The Sovereign Society.

And you might also consider joining us for our Emergency Offshore Summit, scheduled for Dec. 2-3 in Panama City.

 

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“Kathleen, I am a 68-year-young divorcee living on Social Security income. I receive US$800 per month. Could I live on this in a small place in a mountain village in Panama? I have no money to invest in anything. I just love the coolness of the mountains and smaller towns.”

— Cecile S., United States

The short answer is yes, if you’re ready and willing to go local. In a small town like San Francisco or Santa Fe in the mountains in Veraguas Province, near Santiago, you could rent a small local-style house for US$200 a month or even less. Don’t invest in a car, and you could live comfortably on the difference between your rent and your monthly Social Security income.

San Francisco and Santa Fe are both charming, safe places with pleasant weather. Life here would be simple but sweet, and the surrounding countryside is beautiful. Both towns are on bus routes to Santiago. From there you could catch a bus to Panama City. Note that you’d also really have to be up for learning Spanish to make a life for yourself in this part of Panama. The gringo populations in these towns are small.

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