Panama is currently a popular destination for retirees looking to stretch their dollars and avoid cold winters. Some of the benefits of retiring in Panama include: No income tax on capital derived from offshore sources. Unlike Costa Rica, Panama has realistic requirements for retirees. Panama also has the best infrastructure in all of Central America. Top quality, well maintained roads, electrical grid, telephone, Internet and the all important safe, clean, drinking water through-out the country. Excellent medical and pharmaceutical facilities. The health care pricing structure takes the worry out of going to the doctor,needing a prescription or a stay in the hospital. If you wish, you can purchase health care insurance starting at $60 per month.
Even though Panama offers a low-cost of living most of the developments for retirees are aimed at the high-end of the market. A great choice for more reasonably priced housing is Villa Davina. They have condos starting at $79,900 and casitas at just $32,995. Villa Davina is in a peaceful, rural setting but just a short 40 minute drive and you are in the 3rd largest city in Panama. David (pronounced Da-veed or Da-beed) has all of the “hectic pace” one could want,restaurants, bars, theaters, parks, tons of shopping and let’s not forget the taxi horns. For pictures and more details visit their website at EasyRetirementLiving.com.
Disclosure: This is not a paid post but I will receive a small commission if any readers decide to purchase a unit after finding out about Villa Davina here.