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Retirement

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kumusta
8/6/2019 12:07 EST

I have a question for the forum why retirement to Panama if you're going to return to North America when you get seriously sick.

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ranadelnorte
8/6/2019 13:30 EST

In a nutshell, it is all about quality of life. Hopefully (touch wood) I have good years left before poor health forces me to leave Panama, and by then, who knows, advanced health care here might have improved.

Here is a list of reasons I’ve posted before about why I like living in Panama, specifically Panama City, where I’ve lived as a retiree since 2014.

Residency visas are well-priced and easy to obtain
Panama is welcoming to legal immigrants
Vibrant, energetic, international city
Good humoured, friendly, contented, open-minded people
Family-oriented society
Many nationalities make for interesting contacts and friendships
Modern housing is in good supply
Large apartments give you more space for your money than in Canada
High quality fresh foods are available at reasonable prices (meat, fish, fruit, vegetables)
Most consumer products are available, including luxury goods
Fairly reliable high speed internet connections
Living without a car is possible
Metro is efficient, clean and safe, allowing some avoidance of traffic jams
Taxis are plentiful and inexpensive
Overall cost of living is lower than in Canada (biggest savings are in services), despite the poor exchange rate for the C$
Availability of domestic help and caregivers, if required, at reasonable prices
No need for institutional assisted living because in-home help is affordable
Transportation hub with easy airline connections to rest of world
Eastern time zone
Modern banking system, including internet banking and quick international transfers
Basic medical care is available at reasonable prices for office visits
Dental care is very good for a reasonable price
High economic growth rate and dynamic economy
Stable economy thanks to Canal revenues
Low unemployment rate
Favourable tax structure for residents
Fairly stable democracy
Benevolent bureaucracy if you stay on the right side of the law
Freedom due to non-invasive authorities and a bit of chaos
No winter
Natural beauty and exotic wildlife, in particular, birds
Good musica tipica and interesting folklore
Secure if you are mindful and live in a well-protected building
Minimal threat of terrorist action or civil disorder
Less hurried, less stressful pace of life

Good luck!

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PedasiPundit
8/6/2019 15:41 EST

Why would I return to the USA, I have had excellent health care here in Panama!

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PanamaJackie
8/6/2019 18:57 EST

There are great doctors and hospitals in Panama so there is no reason to return to the US for medical care.

I think some people return to the US, even temporarily, to be close to family when they are having serious health problems.

Two years ago, my husband got really sick while is was visiting the US. They discovered he had cancer and gave him a few months to live. He wanted to stay in the US to be close to family. I think even if he were in Panama with that diagnose, he would have wanted to be close to family in his final days.

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volcan357
8/6/2019 23:09 EST

Well I am 78 years old and I have lived in Panama for 20 years. I don't plan to return if I get sick. You know we are all going to die someday. I would prefer to die here rather than in some hospital back in the US. It is better to eat a good diet and live a healthy lifestyle rather than worry about whether some hospital can prolong your life for a short time when you are old. Close to where I live they grow fresh vegetable year round. There is always the risk that the hospital will kill you by giving you the wrong dosage of some drug you don't need. I had a friend back in Tennessee who died of liver failure because of a drug they gave her to lower her cholesterol.

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jonoyakker
8/7/2019 04:55 EST

Some people return to the US for medical care to save money by using medicare. There is someone on this site who researched and wrote that stays at many Panama hospitals are now at rates to near US costs; that bears research IMO.

Others return because the US has more specialized medical services available.

I have fortunately avoided too much contact with hospitals anywhere, but what I gather is that the doctors here are good. But support services and administration can by spotty.

Personally, when I needed surgery, I went to Medellin where I believe I received excellent care at around 2/3 the cost of Panama.

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jr555
8/7/2019 08:16 EST

That’s a good question as it costs a lot to sell out in one country set up in Panama then try to sell out again here to move back and re-establish a life. Making the point that potential expats must be fully aware of what they are heading into their golden years and be sure they will be comfortable with what is on offer in Panama before selling the farm.

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ptyexpat
8/7/2019 12:59 EST

Still selling your junk science Jack? When are you going to concede that if it weren’t for the fact that you profit off the back of new arrivals you too would be long gone? Panama is a melting pot of people from all walks of life including shady individuals like you whose sole mission is to separate unsuspecting people from their money all the while peddling garbage.

Hopefully some day you too will go back and take your nefarious business venture with you.

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Jackson351
8/7/2019 22:40 EST

Who is "Jack?"

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cinparadise
8/8/2019 05:45 EST

Ptyexpat,

You're still so full of anger, I guess after five years you still haven't sold your home in Potrerillos.

So sad.

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ptyexpat
8/8/2019 10:04 EST

@Kumusta,

Most everyone I associate with have been in Panama for decades, my 35 years of experience in PTY indicates that the largest turnover of expats occurs in Boquete because they unfortunately bought into the hype and once they discovered that they were duped they want out but find that selling out and getting out is next to impossible.

Most of the people who leave Panama after just a year or two do so because they realize that they lost much more than they got out of the deal. Some of them want and need first world health care, something that can be difficult to find in Panama despite the falsehood that many on this site will claim.

Those who call Boquete home have an agenda that includes converting the environment into something that resembles a typical small city in the USA with all its modern stuff. And while they work hard at this pipe dream they contribute nothing all the while disenfranchising and displacing the local inhabitance.

Boquete used to be a charming little township filled with wonderful people who flourished in a small hometown insulated by outside influences, that all changed once the Ugly Americans move in and destroyed the place. Now that Boquete has lost its charm & attraction the narcissistic gringos want out at any cost.

Your question is valid and warrants more investigation so those who may be pondering a move to Panama is equipped with the FACTS so they (or you) can formulate informed decisions based on reality not sugar coated fake news.

Fact: There is no such thing as a ROI in Boquete.

Fact: Smart people who possess the right stuff make sound choices.

Fact: Life in Panama can be good as long as it isn’t Boquete.


@Jackson351 -Sorry for the type-o I’m referring to that POS PanamaJackie.

@cinpardise -No my home is not for sale and yes I am angry at those narcissistic self-serving low life’s that hide out in your community all the while giving the larger Expat population a bad reputation. Not everyone is foolish enough to invest in Boquete and those who are desperate to try and save their sinking ship will do and say anything to make a buck.

We get it, desperate people do desperate things.

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cinparadise
8/8/2019 11:03 EST

Ptyexpat,

You wrote:

"No my home is not for sale"

So I guess after five years you gave up on selling your home.

If you would've built in Boquete you would've sold it long ago.

And for the record, I've been offered twice what I paid for my home! And I know many people who have made a ton of money here in Boquete and still do on selling homes.

Fact: Luxury homes do not sell in rural areas of Panama, only in Boquete, in Panama City, or the beaches.

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