Panama is the best place in the world to retire!!
Panama is the best place in the world to retire according to InternationalLiving.com’s 2014 annual Global Retirement Index
The Staff of International living created a profile with the best destinations for good-value living around the world.They looked at modern convenience, beachfront hideaways, medieval towns, tropical islands, temperate mountain valleys. and ofcourse climate and lifestyle.
We consider not only a wealth of statistics, but — critically — more than three decades of expertise and current insights from our network of correspondents.
Our experts — expats themselves — live in the places we rank and scout all over their adopted countries on your behalf.
Each year we ask them to respond to a long list of questions designed to get their fresh views on old places, and expert opinions on new ones. All the countries at the top of our Index were in close contention for the number one spot. But our winner — Panama — snags first place by a hair. Along with the world’s best range of retiree benefits, Panama has introduced new visas, which make it easier to gain residence there, and made major advances in infrastructure.
This means it simply out scores last year’s winner, Ecuador. Because of Spain’s economic crisis you’ll find more attractive opportunities there than ever to embrace an affordable life in the Old World, lifting that country into fifth place in our Index this year.
But whatever you see on our leader board, just remember, we measure here only the very best havens. So the country last on our list — newcomer to the Index Cambodia — is still one of the best in the world.
In each of these destinations, you’ll find thousands of folks who have already found their dream retirements. You can too, and this 2014 Retirement Index is designed to get you started. It covers all the bases, revealing a wealth of choice when it comes to a comfortable life overseas… Let’s look at what the top three retirement havens in the world have to offer you…
Panama–Convenient, Easy and Affordable
Panama’s allure lies in a rare combination of value and variety. Plenty of places in the world offer one or the other. But how many offer both?
When it comes to attractive retirement destinations, the list is short and Panama is at the top. It’s the only country in Central America with a true First World city. But unlike most South American capitals, Panama City is only two-and a-half hours by plane from Miami. (And let’s not forget that, unlike some places closer to the U.S. border, Panama is hurricane free).
Nearly everything about Panama is convenient, particularly if you’re coming from North America. The currency is the dollar, English is widely understood, and the international community is large and welcoming. The country also has welcoming immigration policies.
Last year, two new residence programs made it easier than ever to move to Panama.
Quite a feat, since Panama has always been accessible in that regard. The Pensionado or pensioner residence program–which helped put Panama on the map as a retirement destination in the first place–is the primary reason. For anyone with a government or corporate pension, residence is almost a given. That’s regardless of age. The main requirement is simple: your pension must be at least $1,000 a month…and even that rule has its exception.
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