Retire in Panama

"For 9 years we have lived in the beauty and undiscovered area near Portobelo Colon. If you love nature it is the most beautiful peaceful area. Snorkeling on the reefs right outside our home, watching the Tucans fly over our house. Spending our days with others that love the peaceful, natural environment. It is cheaper to live in this area and still only 1 hour to the city if you need a visit to Pricemart," commented one retiree living in Panama.

"None of us expats admit to being expats. It's an unspoken agreement. Oh yeah, even with masks and covid lockdowns and general covid paranoia there are cultural attractions, recreations, and the nightlife never stops. The fireworks have been going nonstop celebrating Christmas, 24 hours a day. Fortunately I'm partly deaf..," explained one retiree living in Las Tablas.

"Very active expat community, with several groups, birders, hikers, quilters, photography, charitable aid groups, you name it," said one retiree in living in Boquete, Panama.

"There are a lot of expats in our area in Panama and a lot of opportunities to join groups for fun or community serice. A retiree can be involved in as much as they want here or nothing at all. There is a wide variety of restaurants nearby and some nightlife. Panama City is about an hour away and has everything anyone could want. We occasionally spend a night or two in the city. We have water aerobics, game nights and various group activities. The expats are a good community here. We all help each other and especially help the new people. Paying it forward is part of the process," explained a retiree in Nueva Gorgona.

"Our little island is pretty calm. No nightlife, which is one of the reasons we chose it. A constantly changing landscape with the ships waiting for the Panama Canal, whales and dolphins in the waters out front and views of the neighboring islands," explained one retiree living in Taboga Island.

"We feel like we are on a perpetual vacation. I remind myself that we live where people vacation. For me, there is nothing more relaxing than the sound of the waves lapping always in the background. I have never felt more at peace in my life. Life is good," remarked one retiree in Nueva Gorgona.

"I would encourage any one who is thinking about moving overseas to take the plunge before it's too late and the US Gov. makes it to difficult to expatriate," said a retiree who moved to Potrerillos, Chiriqui, Panama.

"Panama is a nice place, but hot and humid with the best climate from December to April. Advertising from some relocation services about how cheap is Panama is not really up to date since Panama is getting expensive. The best way is to visit the recommended places and, by yourself, visit the stores (especially grocery) to figure out prices of some products are twice the US price. You can buy local but you will be considerably limited on food and food diversity is very important for a good health. Everything is full retail price in Panama and lots of people order from the US and it still is cheaper even with shipping with a much larger selection as Panama selection is very limited and it's understandable with only 4M population. We have lived in Panama and Portugal but there are no comparison as Portugal is the best place to be but it's far away from the US with a different time zone and currency. Portugal price are much lower than Panama on everything and the grocery food selection is the best you can have. Panama is a nice place to live with nice people but not based on lower cost of living since it has changed in the past few years. There maybe places you can live "cheap" but that won't be next to big center with not much services accessibility and diversity (hospitals, clinics, pharmacy, grocery stores, etc) with no price/selection competition among the different stores," said one retiree in Panama City.

"Getting used to the cultural differences, language, pace of life and casual attitude about service," explained a retiree in Boquete.

"Sometimes it's a challenge to find ingredients for a recipe or find a good steak but everything can be worked around. Learning Spanish at retirement age is not easy for us but we plug along one word at a time and we are getting there. In our area [in Nueva Gorgona], there are a lot of expats and a lot of English is spoken and that makes learning Spanish less crucial but we still want to keep learning," explained one retiree living in Nueva Gorgona.

"Adjusting to a new culture and language can be one of the most challenging aspects of retiring in Panama. There can also be the challenge of transitioning to a new healthcare system, and the cost of living in certain areas may be much different than a retiree is used to. Additionally, retirees may find it difficult to avoid scams or unfamiliar bureaucratic processes. Retirees may also face certain logistical challenges like finding optimal housing options, navigating the transportation system, and learning to survive without the reliable public services they may have received in their home country," said one member in Panama.

"New friends from around the globe. A much easier lifestyle, slower, less government intrusion into our lives. The beauty of the jungle, beaches, greenery. The peace and quiet we enjoy in the islands. Beautiful sunrises from our 10 mile view deck," said one retiree in Bocas del Toro.

"It's Panama. Complete freedom--unbridled freedom to live my life however I choose," commented one retiree living in Las Tablas, Panama.

"Our stress levels have gone down a lot. We are very relaxed. We also eat better. So much fresh fruit and veggies available and everything tastes so good here. By far, our favorite thing here is living on the beach and going to sleep and waking up to the sound of the waves. It's so tranquil," explained one retiree living in Nueva Gorgona.

"The most rewarding aspects of retiring in Panama include the beautiful scenery, warm and inviting climate, low cost of living, excellent healthcare system, and vibrant cultural diversity. There’s no better way to relax and enjoy life than to explore all the exciting things Panama has to offer. Retirees will also have access to a variety of activities and entertainment, ranging from visiting Panama’s ancient ruins to enjoying the nightlife in bustling cities. Additionally, the country’s close proximity to other destinations such as the Caribbean and South America make it a prime spot for travelers looking to explore and experience different cultures," said one retiree in living in Panama.

"Healthcare services in Panama are generally accessible and of a good quality. There are both private and public hospitals, as well as smaller clinics, offering a range of treatments and medical services. Doctors in Panama are well qualified and the government is implementing mandatory insurance for all citizens that provides access to free medical services. Pharmaceuticals are also widely available, with both generic and branded drugs available at reasonable prices. Many retirees choose to move to Panama due to its high quality and affordable healthcare services," remarked one retiree in Panama.

"I don't really know. I've been to a doctor a few times and a dentist. A typical visit costs $30. I sort of think I could get some acute care if I needed it. But for instance I had a post-covid heart attack several months ago, and I thought that I was dying. Then I realized that that would be okay with me, over and done with, then I laughed at myself. After a while the pain subsided, and I continued my walk. I am called fearless Fred for a reason," said a retiree who moved to Las Tablas, Panama.

"There are several English speaking doctors in our area and clinics. The nearest major hospitals are about an hour away in Panama City but there are small hospitals closer to home. My last visit to the local ER cost $31 in total for X-rays, IV meds and Doctor consult. My ER co pay in the US was $75. You do the math," said one retiree in Nueva Gorgona.

"Yes, Panama has first world medical care but also has third word cares and everything between," commented one retiree living in Potrerillos, Chiriqui, Panama.

"Expats in Panama often join niche interest groups, such as local book clubs and photography clubs. Many Internet-based expat forums and websites also offer chances for locals to meet and find activities together, such as hiking and sailing. There are also several expat-run organizations in Panama, such as the American Society of Panama. Expats also often meet each other through networking events, such as get-togethers at bars and restaurants, industry awards dinners and holiday parties, as well as volunteer opportunities with local charities and social organizations," said a retiree who moved to Panama.

"Besides the bars and restaurants, there are fitness classes, Spanish classes, dive lessons, Catamaran tours, Live music venues, the beaches, volunteer opportunities and just meeting people walking down the street," commented one retiree living in Bocas del Toro, Panama.

"The Tuesday Market at the BCP (Boquete Community Players) is a good place to see and be seen. Very easy to meet others if you are at all outgoing. There is also a newcomers group that meets a couple of times a month. There is always something happening, somewhere to go, something to do. There are many non-profits looking for volunteers, so just find one that speaks to you," explained one retiree living in Boquete.

"The public library in Bouquete is a wonderful place to relax and sponsors many programs for both expats and Panamanians. Amigos de los Animales is a good place to volunteer if you like dogs and cats. You can always find friendly expats at the weekly farmer's market. Many native people in Bouquete speak English fluently and if you make friends with someone your social circle will expand rapidly," said one retiree in living in Panama.

"Living in Panama for expats and digital nomads can be an exciting and rewarding experience. Panama is known for its tropical climate, vibrant culture, gorgeous beaches and national parks, and its thriving expat community. With excellent infrastructure, a modern banking system, and a low cost of living, Panama is an attractive option for people looking to live and work abroad. The government also welcomes expat entrepreneurs, providing incentives to help them start and run businesses. Expats in Panama can look forward to making friends in the local international activities, making the most of their new home by exploring the many outdoor activities and attractions Panama has to offer. Finally, safety ranks among the highest in Latin America, making life in Panama even more attractive for expats and digital nomads," said a person in Panama.

"Definitely life revolves around family and work here. The Panamanians are very friendly and family oriented. They have many festivals and celebrate life in many ways many times a year," remarked one retiree in Bocas del Toro.

"Priorities start with family, extended family, family friends, other friends, socializing, sports, all other non-work related activities, and finally: work," said a retiree who moved to Panama City, Panama.

"Be prepared to change your life. Leave behind all your pre concieved notions of how it should be, what you need, want, and must have to get by. EVERYTHING is different, embrace it, learn from it, apply what you can to your life but don't come here with demands, strict ideals, uptight lifestyle, and the idea that you are going to save a third world culture from itself. I find the opposite is what happens, it saves you from yourself and what ever madness you left behind," said one retiree in Boquete.

"It's important to come down here to Panama on multiple due dilligence trips, to spend enough time down here in different areas, and different times of the year, to make sure you are going to enjoy the Country. Research online is important, and will help narrow down areas for you. However, no substitute for on the ground discovery. Work up your budget prior, based on your research, and determine what you can afford in retirement. This will help you determine areas/communities you can afford. Establish a good mail forwarding company, so you can receive Amazon, and your regular mail. Talk to insurance agents in advance to review insurance options. If you are looking to go Pensiado route, you can start this when you come down, if you are firm on Panama already. Prepare yourself for some family and friends thinking you are crazy, or making a big mistake. It's natural, and a lot of "sheeple" don't get it, thinking their legacy brand Country is better, and why would you move to a 3rd World Country! Crazy people still think Panama in this light, and then I explain we have more secure banking, Starlink down here, fiber optic internet in many of the newer areas, expanding rail system in the city, that is being built out towards the beach area. Start working on your Spanish/brushing up on it. Yes, many people speak English, however it is important to work on becoming part of the culture down here. You will be respected more by locals, by trying to speak their native language. Don't just move to where all the Expats are. I guess you can, but you are missing out on the experience of living in a new Country and spending time around locals," commented one retiree living in Panama City, Panama.

"Residents of Panama enjoy a variety of recreational facilities, including beaches, parks, and outdoor activities. Popular beaches include Playa Blanca, Santa Clara, and Coronado, which offer a variety of activities such as swimming, snorkeling, and sunbathing. There are also numerous parks throughout the country, such as Parque Natural Metropolitano, which offers a variety of activities such as hiking, biking, and bird watching. Other outdoor activities include fishing, kayaking, and horseback riding. Additionally, Panama City is home to a variety of cultural attractions, such as the Panama Canal, the Panama Viejo ruins, and the Biomuseo," said one retiree in living in Panama.

"The beaches in Pedasi are a big draw for surfers, boogie boarders or just swimmers. One of the developments (Andromeda) has a restaurant and pool oceanside. People also do kite sailing. Fishing is a big draw as well. There are offerings of yoga classes and other activities of that sort," wrote one person in Pedasi.

"There is a Pricesmart like Costcos and the local chain Romeros has most anything you would need," said one retiree in living in Panama.