US News: Panama Retirement Destination #1

POST BY MIKE VUYTOWECZ

If you have been following our blog, you’ve noticed a growing trend: the world is noticing Panama.  The New York Times listed Panama as the number one destination for travel this year.  Expats are weighing the pros and cons of the country and loving what they find.

Now, the U.S. News & World Report has sided with International Living in rating Panama the #1 location for retirement in the world.  Kathleen Peddicord writes of Panama:

panama usa europe real estate

1. Panama. Panama is the world’s top retirement haven. Panama City no longer qualifies as cheap, but other spots in this country certainly do. Panama continues to offer the world’s gold standard program of special benefits for retirees. The currency is the U.S. dollar, so there is no exchange rate risk if your retirement savings and income is in dollars. The climate in Panama City and on the coasts is tropical, hot, and humid. However, the climate in the highlands can be temperate and tempting. Panama is the hub of the Americas, meaning it’s easily accessible from anywhere in North and South America and Europe.

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