Boquete just added a public park along the River! It’s just amazing. In addition, they opened a Public library as well. I am bold to say, Boquete can compete with any small European town now. It’s a must visit town. Want a lower area similar to Boquete? Contact me. Jesse
$120,000 tax exmption on your home.. Daily fresh catch red snapper ( gutted )- $2.50 a pound . Fresh tuna and makerel - $1.50 a pound. Fresh chicken breast-$1.25 a pound. My power bill with a pool pump and a/c at night is under $15 a month. I hsd an EKG, and a bag of saline put into my vein lsst week. ( I had too much salt in my diet). Total cost (including the ER Doctor) ? Fifty cents. I've been here for 12 years with my 2 dogs. They eat fish in the morning and chicken breast in the afternoon. I own my ocean front place and vehicle, dont go out to eat very often, and I spend less than $1000 a month to live comfortably. Stay out of the city and the casinos and living is dirt cheap. I love it... I have an additional large ocean front lot for sale as well.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
No doubt being financially free and not having to worry much about health care and other expenses especially after retirement cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
I am headed down to Panamá for the holidays, and your presentation has me totally excited - I am so happy to get away from the wind and freezing 🥶 temps!!! -- Thanks for your positive, honest and upbeat presentation style!
Thank you for your kind words! We are delighted to hear you enjoyed the presentation. Panama is such a fantastic escape from the freezing temps, especially this time of year! I hope you have an amazing holiday there.
Having lived in Panama, it certainly was a fantastic place to live. Affordable restaurants, Affordable food shopping, very good medical fantastic people. Once the government of Panama received the canal zone, and all the bases. $$$ sighns were in their eyes. Selling large past bases to the Chinese, allowing the Chinese to take over the road infrastructure, selling off under the table military housing, charging gringos one price and Panamanians another price... It does have some great benefits such as Healthcare, importing household goods without taxes, importing a car without taxes... The truth is it has gotten very expensive, I lived there, I experienced a wonderful life there. You will need money to live there. SS is not going to cut it. My experience. 😊 Go Army!!!
I lived in Panama for 10 years. It has changed a lot in 10 years, not necessarily for the best. I elected to relocate to Costa Rica, for a different lifestyle.
I agree with you totally. I have never lived there, but I visited twice, exactly 10 years apart, in 2013 and again in 2023. Panama City in that time, it got a lot cleaner and a lot more sidewalks, and quite a few more high-rise buildings, but the cost of living went up 5X! No thank you I say!
Thank you for this great video. We are renting a studio at the JW for 3 months starting Jan 8, 2025. This was very helpful to see what we are getting in a studio apartment
Some flooding, but most of it is cleaned up. This usually happens every 7 years. The drought ended 3 months ago. Now, the rain season is over. Back to sun and dandy, sandy beaches.
we have been to panama 3 times. Last year we took an overpriced “relocation” tour. It was interesting to see so many different climates. We hate hot weather so we decided to live in volcan. We went to boquete last year and decided its way overrun with expats and the prices to eat out are astounding due to the more affluent expat population. we are headed back to volcan in a week to spend a month to cement our decision. Curious as to your $2900 a month budget. If you spend $1000 a month on lodging what in the world do you spend the other $1900 on?
I am at about 17:30 and haven’t heard a word in Spanish! Am I going deaf!! People often tell me I speak well in Spanish after they have only heard me at the cash register for one minute! I maybe doing fine with Spanish but people like to say nice things; DONT LET IT GET TO YOUR HEAD! ❤
In the capital and certain “expat” hot spots expect to pay higher prices vs the rest of the country. There are several small towns in every province that can be super affordable. As in any Latin American country if you go to the local market you will save ton!
Houses in non-ghetto neighborhoods (albrook, Clayton) in the Panama City metro area start at like 4-500K USD. That's not affordable for retirement in the context of emigrating for the purpose of escaping US cost of living. If I wanted to live in sketchy housing in the inner core for 200K I can do that already in the US.
This video has me really curious about retiring in Panama! I’d love to know more about the cost of living compared to the U.S., especially in terms of healthcare, housing, and everyday expenses. Are there any particular areas in Panama that are more affordable or better suited for retirees? Would love to hear your thoughts!
I’m so glad to hear the video piqued your curiosity about retiring in Panama! We actually have videos coming up soon on the channel that specifically cover the best places to live in Panama and the cost of living in Panama, so stay tuned for those. In the meantime, you can find lots of in-depth information on healthcare, cost of living, housing, and more in the Panama section of our website.
There are lots of light tremors , which keeps plates from binding, so the risk of a big quake is very low. An occasional 6 but it's not bad. Most buildings are built to handle it.
I don't see how Panama, whether it be Panama City or rural Panama, can be considered 'the best place.....'. Other than the 4-5 most expensive cities of north america, Panama City is just as expensive and in many cases more expensive than living in the USA. Panama City has 3 big positives, it is very walkable, it has a very nice city park Parque Omar, and public transportation is good. But most people look to expat to find significantly lower cost of living, and that is just not the case for PTY. As for rural and small city Panama, there the COL is much lower than PTY, but it is still pretty 3rd world. Mexico or Guatamala or Colombia offer much better possibilities for retirement places.
Panama, like many countries, has areas where waste management can be improved, particularly in busier urban centers like Panama City. That said, it’s not something you’ll encounter everywhere, and most neighborhoods and towns take pride in maintaining clean and beautiful environments.
The new president is conducting a new tourism incentive to get rubbish under control. Of course, this will bring fines, but it needs the attention. Panama is moving from (developing) nation to (developed) nation. Invest in your property soon before prices hit ( developed) nation values. It's coming....
I've been following a couple for years now that has travelled N America thru Mexico down thru Central America into South America and finally settled near Boquete. I've been wanted to leave Canada now for the last 5 years Panama being my 1st choice only to find I'd lose 25% of my meagre trufoe pension along with the almost 40% exchange rate so unfortunately now looking at other options Central or South America or countries in Western EU Portugal, Albania, Montenegro etc. I just know I can't go on in Canada and being a N American duelie I'd travel and live on my Canadian passport but keep my American for any emergencies as we all know the help we'd get from the Canadian government 😳
If you must live among bigger city gringo's , then you will pay a gringo price. Pizza is probably the most expensive food in panama. Large pizza where I am is $12-$16. Most local meals are under $10., but some (chicken, rice, beans ) average $3.50 for a nice portion.
@@castillojennifer17 Costa Ricca is similar to the USA prices. Real estate too. Panama is less expensive, almost across the board. Gasoline and oils are high, but propane is cheap .
Not for older US citizens who don't speak Spanish - it isn't ! --- The language barrier is a real deal breaker for many. A comfortable daily life is desirable and essentials for daily living can be difficult when you can't read the signs streets roads menus or talk on the phone placing orders for essentials. If you are fluent in Spanish you have it made.
@@aubreydonadellejr.7497 when ''you'' are so old you will see that there isn't much time left (!) and a great deal of it must be spent ultra frustrated (!!!) BEFORE the learning completely took place ! COMPRENDE ? = Not desirable or comfortable. Old people want to relax and enjoy (!) whatever is left not struggle & be frustrated ! ✌🍺👍
@@aubreydonadellejr.7497 you obviously aren't old and wanting to relax (?) you suggest is for the young not the old to be tortured with daily struggles for months ? Comfort is what we deserve not discomfort !!!
I have been all over the world and I can say Boquete can not be beat for a retirement location if you like spring weather.
Boquete just added a public park along the River! It’s just amazing. In addition, they opened a Public library as well. I am bold to say, Boquete can compete with any small European town now. It’s a must visit town. Want a lower area similar to Boquete? Contact me. Jesse
@@jesusortega729 The park can not be beat on the beauty scale that is for sure.
$120,000 tax exmption on your home..
Daily fresh catch red snapper ( gutted )- $2.50 a pound .
Fresh tuna and makerel - $1.50 a pound.
Fresh chicken breast-$1.25 a pound.
My power bill with a pool pump and a/c at night is under $15 a month.
I hsd an EKG, and a bag of saline put into my vein lsst week. ( I had too much salt in my diet).
Total cost (including the ER Doctor) ?
Fifty cents.
I've been here for 12 years with my 2 dogs.
They eat fish in the morning and chicken breast in the afternoon.
I own my ocean front place and vehicle, dont go out to eat very often, and I spend less than $1000 a month to live comfortably.
Stay out of the city and the casinos and living is dirt cheap.
I love it...
I have an additional large ocean front lot for sale as well.
There are so many beaches! In what province is your lot for sale?
Chiriquí. Pacific coast. @@serenasullivan6401
Thats insane! What great prices
@@serenasullivan6401 Chiriquí Province, on the Pacific coast
I'm planning to visit soon but I still have a lot of research & planning to do. I would like to connect for future trip(s).
The country to retire in is important but what's most essential is being financially ready for retirement
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
No doubt being financially free and not having to worry much about health care and other expenses especially after retirement cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
Consulting with a financial professional can provide personalized insights and help align your investment strategy with your retirement goals.
Thank you for this super video! Currently living in Sweden but looking at moving abroad. Panama could very well be the place. Oh, and Happy New Year!
I am headed down to Panamá for the holidays, and your presentation has me totally excited - I am so happy to get away from the wind and freezing 🥶 temps!!!
-- Thanks for your positive, honest and upbeat presentation style!
Thank you for your kind words! We are delighted to hear you enjoyed the presentation. Panama is such a fantastic escape from the freezing temps, especially this time of year! I hope you have an amazing holiday there.
Great info, thank you! You inspired me to take an exploratory trip! 🙏🏼🥰💫
I wish I could take another vacation to Panama like I did a year ago. Great destination to escape the rough Chicago Winters.
Having lived in Panama, it certainly was a fantastic place to live. Affordable restaurants, Affordable food shopping, very good medical fantastic people. Once the government of Panama received the canal zone, and all the bases. $$$ sighns were in their eyes. Selling large past bases to the Chinese, allowing the Chinese to take over the road infrastructure, selling off under the table military housing, charging gringos one price and Panamanians another price... It does have some great benefits such as Healthcare, importing household goods without taxes, importing a car without taxes... The truth is it has gotten very expensive, I lived there, I experienced a wonderful life there. You will need money to live there. SS is not going to cut it. My experience. 😊 Go Army!!!
Every video has another # 1 the true #1 is the one you like the best
I lived in Panama for 10 years. It has changed a lot in 10 years, not necessarily for the best. I elected to relocate to Costa Rica, for a different lifestyle.
I agree with you totally. I have never lived there, but I visited twice, exactly 10 years apart, in 2013 and again in 2023. Panama City in that time, it got a lot cleaner and a lot more sidewalks, and quite a few more high-rise buildings, but the cost of living went up 5X! No thank you I say!
Incredibly helpful video. Thank you for mentioning the safety issues for single women too.
Thank you for this great video. We are renting a studio at the JW for 3 months starting Jan 8, 2025. This was very helpful to see what we are getting in a studio apartment
Excellent, informational video. Thank you!
Could you please give an update on the catastrophic flooding and the serious drought?
It is bad. Stay out.
Some flooding, but most of it is cleaned up.
This usually happens every 7 years.
The drought ended 3 months ago.
Now, the rain season is over.
Back to sun and dandy, sandy beaches.
we have been to panama 3 times. Last year we took an overpriced “relocation” tour. It was interesting to see so many different climates. We hate hot weather so we decided to live in volcan. We went to boquete last year and decided its way overrun with expats and the prices to eat out are astounding due to the more affluent expat population. we are headed back to volcan in a week to spend a month to cement our decision. Curious as to your $2900 a month budget. If you spend $1000 a month on lodging what in the world do you spend the other $1900 on?
She was talking about what sounded like a fairly indulgent lifestyle in Panama City. I assume Volcan is less expensive.
She said she liked to travel
Your Spanish pronunciation is impeccable. Thank you for loving my homeland so much. Greetings from a panameña en 🇨🇦 🪷💜🙏🏽
I am at about 17:30 and haven’t heard a word in Spanish! Am I going deaf!! People often tell me I speak well in Spanish after they have only heard me at the cash register for one minute! I maybe doing fine with Spanish but people like to say nice things; DONT LET IT GET TO YOUR HEAD! ❤
In the capital and certain “expat” hot spots expect to pay higher prices vs the rest of the country. There are several small towns in every province that can be super affordable. As in any Latin American country if you go to the local market you will save ton!
Would someone suggest to me an agency for getting a pensioner visa?
Not with DTrump coming over there... "Whatever he touches... He destroys"...
hi great vid. I smoke a lot of Cannabis. If i move to Panama ,will it be easy to get weed?? Thx
"Panama Red, Panama Red... He'll steal your woman then he'll steal your head"
Houses in non-ghetto neighborhoods (albrook, Clayton) in the Panama City metro area start at like 4-500K USD. That's not affordable for retirement in the context of emigrating for the purpose of escaping US cost of living. If I wanted to live in sketchy housing in the inner core for 200K I can do that already in the US.
Is it cost friendly to bring your own motorcycle to Panama from the USA
This video has me really curious about retiring in Panama! I’d love to know more about the cost of living compared to the U.S., especially in terms of healthcare, housing, and everyday expenses. Are there any particular areas in Panama that are more affordable or better suited for retirees? Would love to hear your thoughts!
I’m so glad to hear the video piqued your curiosity about retiring in Panama! We actually have videos coming up soon on the channel that specifically cover the best places to live in Panama and the cost of living in Panama, so stay tuned for those.
In the meantime, you can find lots of in-depth information on healthcare, cost of living, housing, and more in the Panama section of our website.
What about earthquake risks?
There are lots of light tremors , which keeps plates from binding, so the risk of a big quake is very low.
An occasional 6 but it's not bad.
Most buildings are built to handle it.
My husband and I plan on moving to Isle Bastamentos in fall fo 2025, do you know a trust worthy realor in that area ?
Can anyone tell me where to find a remote job that you can work outside the US? So far all I'm seeing is in the states work.
I don't see how Panama, whether it be Panama City or rural Panama, can be considered 'the best place.....'. Other than the 4-5 most expensive cities of north america, Panama City is just as expensive and in many cases more expensive than living in the USA. Panama City has 3 big positives, it is very walkable, it has a very nice city park Parque Omar, and public transportation is good. But most people look to expat to find significantly lower cost of living, and that is just not the case for PTY. As for rural and small city Panama, there the COL is much lower than PTY, but it is still pretty 3rd world. Mexico or Guatamala or Colombia offer much better possibilities for retirement places.
Is it true that there's a problem with trash in the streets, everywhere?
Panama, like many countries, has areas where waste management can be improved, particularly in busier urban centers like Panama City. That said, it’s not something you’ll encounter everywhere, and most neighborhoods and towns take pride in maintaining clean and beautiful environments.
The new president is conducting a new tourism incentive to get rubbish under control.
Of course, this will bring fines, but it needs the attention.
Panama is moving from (developing) nation to (developed) nation.
Invest in your property soon before prices hit ( developed) nation values.
It's coming....
I've been following a couple for years now that has travelled N America thru Mexico down thru Central America into South America and finally settled near Boquete. I've been wanted to leave Canada now for the last 5 years Panama being my 1st choice only to find I'd lose 25% of my meagre trufoe pension along with the almost 40% exchange rate so unfortunately now looking at other options Central or South America or countries in Western EU Portugal, Albania, Montenegro etc. I just know I can't go on in Canada and being a N American duelie I'd travel and live on my Canadian passport but keep my American for any emergencies as we all know the help we'd get from the Canadian government 😳
What is the language that you have to
I want to move!
Another reason: Project 2025.
Oohh scary. Bye bye!
👏👏👏👏👏
It must be nice to be rich!! 🤑 Not me! 😢
Very Expensive , I saw a video from an Expat In Coronado . A large Pizza $28 . I pay less than that in the USA .
Tree is such a thing as “gringo pricing” in panama. It’s sad to see a pizza cost so much.
A large Pizza 🍕 from Papa Johns is $20 plus tax and they’re not even that great 😢. So if the pizza was worth $28 then I hope they enjoyed it.
If you must live among bigger city gringo's , then you will pay a gringo price.
Pizza is probably the most expensive food in panama.
Large pizza where I am is $12-$16.
Most local meals are under $10., but some (chicken, rice, beans ) average $3.50 for a nice portion.
I paid last week $40 for two medium pizzas and a kids pizza pack in Costa Rica.
@@castillojennifer17 Costa Ricca is similar to the USA prices. Real estate too.
Panama is less expensive, almost across the board. Gasoline and oils are high, but propane is cheap .
When Americans arrive to live in any place, I mean, ANY place, prices tend to go up due to the American Greed, that is unmeasurable and unstoppable.
What’s the best place to retire in 2030? I like to think long term.
Buy a crystal ball.
Nice add....Unsubsidized
Kosher Soul Food is delicious.
Pork is deadly.
Hola from Mexico. ❤❤❤❤
Not for older US citizens who don't speak Spanish - it isn't ! --- The language barrier is a real deal breaker for many. A comfortable daily life is desirable and essentials for daily living can be difficult when you can't read the signs streets roads menus or talk on the phone placing orders for essentials. If you are fluent in Spanish you have it made.
Panama has no gay marriage. No, thanks.
After three, six months, you, too, would speak Spanish as well. It starts with one word a day. (BUT) YOU have to be willing to learn.
@@aubreydonadellejr.7497 when ''you'' are so old you will see that there isn't much time left (!) and a great deal of it must be spent ultra frustrated (!!!) BEFORE the learning completely took place ! COMPRENDE ? = Not desirable or comfortable. Old people want to relax and enjoy (!) whatever is left not struggle & be frustrated ! ✌🍺👍
That's interesting. I've heard the same if you move to China and don't speak chinese. huh
@@aubreydonadellejr.7497 you obviously aren't old and wanting to relax (?) you suggest is for the young not the old to be tortured with daily struggles for months ? Comfort is what we deserve not discomfort !!!
Panama is a VERY socially conservative country with draconian laws. That’s not for me.
Too expensive.
Only in the tourist cities. Outside the biggest cities, you live for pennies.
Really
@@DontNeed-yg1tt yes.really. been living the dream here for 12 years now
Love it
Not to expensive. It is better then us cities
@@Dana-ie2bh YOU must not know what expensive is ???
Panama is a great life for pennies.
Travel the world some and YOU will agree.
Panama? bullshit.
Very thoughtful.
Classy.
We are happy that you left.
Please, don't ever return.
Panama is much prettier without you.