|
Cost of Retirement Living in Paradise |
One of the most important factors in selecting a retirement destination – whether domestic or abroad – is the cost of living. A 50% higher cost of living effectively turns a $600,000 nest egg into $400,000. In retirement, when income is typically limited, the cost of living also greatly affects one's quality of life.
Cost of living is one of the areas Panama stands out amongst other retirement locations; particularly for pensionsers. If you're over 18 and have a guaranteed pension income of $500 per month, you'll qualify for the following discounts:
- Discounts on healthcare, including drugs. (15% off dental service discount, 10% off prescription drug discount, 20% off general/specialist/surgical doctor fees, etc.)
- 50% off entertainment anywhere in the country (movies, theaters, concerts, sporting events, etc.)
- 30% off bus, boat, and train fares
- 25% off airline tickets
- 50% off hotel stays Monday through Thursday, 30% off Friday through Sunday
- 25% off restaurant meals
- 15% off at fast-food restaurants
- 20% off professional and technical services
- 50% off closing costs for home loans and more
Plus, Panama is one of the few locations in the world which can boast:
- Import tax exemption on household goods and cars.
- No property taxes - for up to 15 years!
- Low mortgage rates from virtually all large US institutions.
- Enjoy peace of mind with the US Dollar as Panama's national currency.
With these staggering cost of living benefits, it's easy to see why so many retirees are choosing Panama to make their dollar go as far as possible.
RELATED ARTICLES:
Panama is Paradise for Retirees - MSN.com
Panama is one of the best places in the world for retirees today, combining a low cost of living, near-perfect weather and one of the world's best discount programs for retirees, with up to 50% off everything from public transport to movies, mortgage rates, doctor's visits, electricity, restaurants and airfares. (read more from this MSN.com article).
|
.jpg){kind=small}
