Monday, June 14, 2010

Panama as a retirement destination

Panama is increasingly sought out by retirees as a country to spend their retirement years. There are many advantages to living in Panama as an expatriate. Panama is relatively close to the US, has great infrastructure and medical facilities, and is very retiree-friendly. The country is also financially and politically stable, and the US dollar is accepted there. Opening a Panama bank account is relatively easy. Panama transportation is also highly developed, with an excellent highway system and good and cheap public transport.

Some of the main retiree havens in Panama are Panama City, the mountain towns of Boquete, El Valle, Sora and Volcan with their pleasant climate, and the Pacific and Caribbean coasts. On the Caribbean side, Bocas del Toro is a tropical beach paradise that retirees are increasingly flocking to.

If you are considering retiring to Panama, you might want to tour Panama first to get a sense of what the country has to offer. You can take a package tour through a Panama travel agency, and maybe arrange to see some properties by contacting Panama realtors.

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