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Retirement Overseas

Kathleen Peddicord by Kathleen Peddicord
Apr 20, 2010
in Retirement/Living
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Once Crazy, Now Genius…Just Ask Brian

In the month since my new “How To Retire Overseas” book was published, I’ve been interviewed by a dozen reporters and editors intending to review the book in their respective media. A common theme has emerged:

Americans are ready to make a move. They want out. They’ve had it with health care “reform,” rising taxes, and an uncertain future. They want to find a way to hold on to the assets they’ve worked their whole lives to accumulate. More than any generation of retirees that has preceded them, they’re ready to take action to take control.

They’re even ready to retire overseas!

When I began covering this beat 25 years ago, I was a little ahead of my time. Back then, the suggestion of retiring to a foreign country was most typically met with raised eyebrows or confused silence.

Today, a quarter-century later, leaving home and hearth, loved ones (especially grandchildren) and everything familiar at this important phase of life no longer qualifies as nuts. More and more would-be retirees are recognizing the sense, even the wisdom in the idea.

Still, you might call it an outside-the-box strategy.

And, frankly, the more closely and seriously you consider your retire overseas options, the more intimidating the whole notion can seem.

I’ve been reminded lately just how daunting the idea can be not only by the reporters whose questions I’ve been answering, but also by a new friend, Brian, in Panama this month continuing his preparations for eventually moving to this country full-time.

We met Brian in February, when he joined us for our Live & Invest in Panama Conference. Brian attended the conference free, for he’d taken the step to become a Panama Circle Member. Panama Circle Members are invited to join us for every Panama event we sponsor as our guests.

Brian is a successful businessman and an independent sort with an adventuresome outlook. In other words, not the kind of guy who looks for someone to hold his hand through life. Yet Brian recognized early on in his retire-overseas thinking that, if he were going to do this, he might be wise to get help.

Brian has been in and out of our office in Panama City this past week, asking directions…enlisting help making plans to visit Taboga Island, Boquete in the mountains, and Los Islotes on the Azuero coast…consulting maps…borrowing a computer to check his e-mail. He’s become like part of our little Live and Invest Overseas community, and we’ve been enjoying his company.

Brian’s returning home to the States today, but he is making plans already for his next Panama visit next month. Panama Circle Member’s Liaison Kim Coffey will be at his disposal between now and then, to help with his return travel arrangements, to make appointments in Panama City related to processing his visa and opening a bank account, to plan further exploration throughout the country, whatever Brian needs. Our Panama City office is his Panama City office; our Personal Assistant is his Personal Assistant; our resources are his resources.

I’ve enjoyed watching Brian make use of the benefits and services of his Panama Circle membership this past week, and the experience has helped me to realize what I’d say is the biggest benefit of all of this association.

As I mentioned, Brian has been coming and going from our office, checking in from the road by cell phone, enlisting our help whenever he has a question. He’s discovering Panama on his own, finding his own way. But he’s not alone. We’ve got his back. Brian can venture off, embracing opportunities to lose his way in this country (literally and figuratively), knowing that we won’t let him go too far wrong and that, whenever he does make a wrong turn, we’re only a phone call away.

Watching Brian work to pull together the pieces of his emerging new life in Panama…and watching Kim and the others in our Panama City office support him along the way…I’m recognizing anew the value in all this.

Right now, we can offer this level of support in Panama only. But, yes, as readers write to ask regularly, our growth plan calls for developing this service in other key markets, as well. We’re moving as quickly as we can to that end.

Watch this space for further details.

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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