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Live, Invest, Retire In Panama

Kathleen Peddicord by Kathleen Peddicord
Aug 26, 2013
in Retirement/Living
0
A view of life in Panama where the shore meets the lush green forest with the yellow and blue sky in the distance
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“Six Years Ago, I Couldn’t Pinpoint Panama On The Map…Today, Panama Is Home”

“Six years ago, my husband called me at work one day and said, ‘What about Panama?’

“I was doing the corporate rat race thing,” Karyn Saunders continued, “in Toronto, Canada, commuting to work through the snow and ice each day each winter. There had to be more to life than that, right?

“My husband and I asked ourselves that question for a long time. Finally, we decided we were going to figure out a way to take advantage of a ‘retired’ lifestyle even though we were nowhere near retirement age.

“That’s what led to that fateful call six years ago. I’m embarrassed to admit it now, but, when my husband proposed Panama on the phone that day, I had to go online to double-check where in the world, exactly, Panama was.

“The next year, my husband and I took a leave of absence from our jobs and flew to Panama. Now, five years later, Panama is our home.

“When I was a kid, my dad used to say to me, ‘Karyn, 75% good, 25% bad, and you’re laughing.’

“I can honestly say that Panama is that 75% good, 25% bad but not so bad.

“Our biggest concern moving here, frankly, was that we’d be bored. Our friends put this idea in our heads. ‘You’re crazy,’ they told us, ‘moving down there with all those old retired people. What are you going to do with yourselves?’

“Those ‘old retired people,’ it turns out, are among the most adventurous we’ve ever known. They run circles around us sometimes. Plus, there are more younger people, like us, relocating to Panama all the time.

“Have we been bored? Not at all. We’ve become involved in several businesses. There’s no shortage of business opportunity in this country right now. But, even if you don’t want to work, you’ll find yourself fully occupied. You can have as active a social life as you want. Sometimes we have to close our door and say, ‘No, we can’t come to that pool party. We just need to stay in today!’

“All the other expats I’ve met in the five years we’ve been living in Panama, all the friends we’ve made, we all have an important commonality. We all stepped outside the box. And just look at the adventures we’re having as a result!”

Kathleen Peddicord

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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 21, 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, 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 newest 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.

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