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)
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