Panama City, Panama
What advice do overseas retirees have for others considering retiring abroad?
When we asked what advice they have for others considering retiring abroad, they advised...
"Overseas retirees have varying pieces of advice for those considering retiring abroad. Many mention to do as much research as possible on the local culture and laws, as well as getting to know enough of the language to get around. Consider the cost of living in the area compared to your income, and budget accordingly. Visit the location beforehand to make sure it is the right fit; take a look around and familiarize yourself with the surroundings. Have a plan in place in case of any possible health issues. Make connections with both expats and locals, as it can be helpful to have advice and support from those familiar with the area. Finally, ensure to allow yourself enough time to adjust to your new environment," remarked another expat in Panama City, Panama.
"Don't do it because you think you save a lot. At least not in Panama. Rural, small city town US is probably just as cheap overall. But healthcare is a big issue now and you can save a lot in Panama. Getting outside the US could be good if conditions in US get bad. I would probably choose Asia if I could. But it is too far away. Since I need to travel a lot back to US," said a member in Panama City, Panama.
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Other Questions:
- What do I need to know before moving to Panama City?
- How do I find a place to live in Panama City?
- What is a typical expat home or apartment like in Panama City?
- What is the average cost of housing in Panama City?
- Should I buy or rent a home in Panama City?
- What should I pack when moving to Panama City?
- What cultural faux pas should I try to avoid making in Panama City?
- What advice do you have for expats having a baby in Panama City?
- What are healthcare services like in Panama City?
- Is the cost of living in Panama City high?
- Will I save money living in Panama City?
- Why do people move to Panama City?
- What are healthcare services like in Panama City?
- What are medical services in Panama City like?
What advice do overseas retirees have for others considering retiring abroad?
If you live in Panama City, newcomers to Panama City would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
