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Home Retirement/Living

The Problem With Panama

by Kathleen Peddicord
Oct 18, 2023
in Retirement/Living
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Isla Zapatilla at Bocas del Toro Province. retirement in panama

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Imagine…

Tall, lazy palm trees swaying in the breeze behind you…

Cool, powder-soft white sand between your toes…

And, out in front, a scene from paradise:

Sun-kissed, bright-blue waters lapping gently onto the beach.

For many, Panama’s Caribbean coast is the ultimate retirement destination… the top prize for a lifetime of hard work.

For many… but not me.

No, I’m a Pacific gal…

I like my beaches dramatic—crashing waves, ocean sprays, and big, wide beaches that continue as far as the eye can see.

And, if ever I’m in the mood for a change from Panama’s Pacific coast, it’s only a couple of hours of driving north to try out Caribbean living…

Of course, I could also head west to enjoy cooler weather up in the mountains…

If the fancy struck me, I might drive east instead… to reconnect with cosmopolitan living in Panama City.

Though, once there, I’d have even more choices to make. Which suits me better—French-colonial romance in the old quarter…

Or a slice of American suburbia in the new high-rise luxury center along the bay…

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I could go on and on, but I think you’re beginning to see my point… which is:

Mile for mile, coast to coast, Panama offers more lifestyle choices than any country I know.

Such a little country shouldn’t be able to boast as many options and opportunities…

But I’ve been investing, living, and working here for more than 25 years… and I can tell you with certainty that Panama is the World’s Land Of Opportunity.

Indeed, I’m all in on Panama.

Fifteen years ago, I moved my family here…

After decades doing business all over the world, I chose Panama as the best place to invest my time and my money in a business.

I’ve also invested in multiple properties here… from an ocean-view loft condo in the metropolitan capital to a dream beach home at Los Islotes, the community Lief and I are developing on Panama’s Veraguas coast.

In addition, Lief and I have bought commercial rentals, teak plantations, fruit plantations, and riverfront in this country.

To say I strongly endorse Panama as a place to live and invest would be an understatement.

Not that this place needs an endorsement anyway…

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What Retirement In Panama Is Like

Already one of the world’s most established expat havens, Panama is also the #1 Retirement Haven In Latin America…

The foreign retiree visa here is famous the world over, and seniors in this country are treated with the highest respect.

As a retiree here, you’ll get the red-carpet treatment with benefits such as:

· Duty-free import of your household goods and vehicle…

· 50% off movies, concerts, and other entertainment…

· Up to 30% off travel fares via planes, boats, trains, or buses…

· Up to 50% off hotel stays within the country…

· Up to 20% off health care bills and prescription medicines…

· 20% off professional and technical services…

· 50% reduction in closing costs for home loans…

· 25% discounts on utility bills…

· Discounts on personal loans, home mortgages, and more…

Plus, you can skip the front of just about any line (from the grocery store to the government visa offices). It’s a small thing, but it might just be every retiree’s favorite perk!

The opportunity in Panama for retirees right now is as good as it gets, and it’s all as short as a three-hour flight from the United States.

This little country with two long coasts, one with crashing Pacific waves and the other with tranquil Caribbean waters, is also a top choice for investors, thanks to its tax-haven status, its international banking center, and the rock-steady growth of its surging property market.

Panama City is the hub of all Latin America, a place where everyone comes to shop at modern, American-style malls, to do their international banking, and to relax (or party it up) on vacation.

A tropical wonderland with a cosmopolitan capital, Panama is truly the #1 Retirement Haven In Latin America.

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Is Panama Your Retirement Haven?

Panama was the best choice for me… but only you’ll know if it’s right for you, too.

That is, Panama is a place of opportunity…

It’s where tens of thousands of expats have already reinvented their lives, chased adventure, and retired well at a dramatically reduced cost…

And it’s where foreign investors continue to make money from both long-term capital growth and immediate cash flow.

But Panama is not for everyone…

Indeed, it may not be for you…

That’s why, today, I’m gathering my team of Latin America experts together for our Live And Invest In Latin America Virtual Conference.

We’re on a mission to help you decide where in Latin America is your #1 haven…

Maybe it’s Panama…

Maybe it’s Belize… or Mexico… or beyond…

The only way to find out is to book your spot and join us, here.

Until next time,

Kathleen Peddicord signature

Kathleen Peddicord
Founding Publisher,  Overseas Opportunity Letter

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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

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From the desk of Kathleen Peddicord
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Live And Invest In Panama
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