I was going to move to Panama. Then covid hit and Panama and airlines shut down. Thousands of Americans were asked to leave or stranded. Now how can you trust your retirement to a tiny country that folds and kicks you out when events get rough?
@@Angela-kr6im Thanks for watching Angela, how exciting you are relocating to Panama! I wasn't looking for a spouse when I moved here and he found me so maybe the same is in the cards for you :)
Beth, you rocked it! Im a gringo, born in Panama, lived there for 26 yrs, moved to NY, and worked there, and Atlanta. Im now 82, and am retiring to Panama,,,,, (why NOT) !!!!! You stated ALL THE REASONS its such a wonderful country. !!!
Dean Plaia thanks for watching! It is an amazing country and how exciting you are coming back!!! If you choose to check out the Coronado area- let me know:)
I personally LOVE Coronado, and it's less expensive for a beautiful home there. But I'm going to have a young roommate who has never been there, and I asked him if he wanted Coronado, or la ciudad. He chose the city, for all the excitement, shopping, restaurants, etc. that it offers. (Heeze a multi-millionaire, so weeze gonna live in da cité !!!!!
I'm a city gringo...I've lived in Bella Vista, El Cangrejo, Via Porras, Calle 50, Ttended Maria Immaculada and La Salle, Ancon school, Balboa school, Balboa jr high, not to mention Cristobal Jr /Sr High I lived in Mt. Hope, a ross the street from the RR station....I'm not your normal expat....(I have dual citizenship) !!!!
It seems that shopping and eating out in restaurants is just as costly in Panamá as in the U.S. To me, a high quality of living includes clean environment. I've heard complaints about trash or litter all over.
Thanks for watching Donna! Food cost depends on what you purchase. There are local "fondas" where you can have a delicious Panamanian style lunch for less than $5. There are also much more expensive restaurant choices. Grocery costs also depend on what you purchase. Imported foods are about 25% more expensive than in North America, however, all local choices, especially produce, meat, beans/rice are very economical. Yes, one of the negatives is there is an issue with littering. It is not out of control and there are many beautiful and clean areas, however, is the more impoverished areas, there is a lot of trash. It is something the Panamanian government is looking to improve on and I have seen an improvement in my time here.
Hi Beth, I need some specifics regarding health insurance costs, pre-existing conditions, companies to choose from, etc. Also, I assume you help with finding rentals? Thank you, Roger
Thanks for watching Roger, it would be my pleasure to assist you! Feel free to email me at beth@trypanama.com and I can assist with a rental and put you in touch with a reliable insurance broker. Look forward to hearing from you!
Dean. I am Blatino born in Panama left in 1970 and I just moved back three weeks ago. I am still a little confuse, as New York was my home for all that time. I lived In the Bronx and Harlem, Now I am living in; Bella Vista. Wishing you the best dude. America will always be my home and I feel lucky for that. Dean welcome to our country.
Exactly! Seems backwards, doesn't it?! If you look at Panama on a map, you will see that the country runs east to west, rather than north to south. From Panama City, the Pacific Ocean is actually south and East of the city and the Atlantic is north and west.
Hi Beth, my wife Alesia (Spanish speaking and almost retired nurse-64) and me (John, white guy, 62) have a $270,000 home (paid in full) and possibly around $3,000 - $3,400 in future social security monthly. We don't have a huge amount saved. But, would our money situation be "good living" in Panama? We are very interested in going this direction in the near future. We live in central Washington state, USA. ... John S.
Thanks for watching John! You should check out my video on Cost of Living: ua-cam.com/video/4V_KNI7rcdM/v-deo.html. You can live a North American lifestyle for less than $2500 per month so your social security would be more than enough. Additionally, should you decide to sell your home to purchase here as many do, you could find a great option in the $250,000 (or less) price range.
Thanks for watching Mark and how exciting you are thinking of Panama! Attorney fees vary based off of many different factors but an average cost with attorney and governmental fees for residency is around $3000. Feel free to connect with me at beth@trypanama.com if you have any other questions or if you decide to plan a trip down.
One question. My in-laws don't quite fit the pension requirement. My pension will be more than enough, so can I have my in-laws as my dependents, so if I can, Then it would be a min of $1750 for Myself, wife and in-laws?
Thanks for watching! My understanding is you can only have your spouse and/or children as your dependents unfortunately. Also- the attorneys quote will increase per dependent.
Sorry you feel that way...I find your comment quite surprising as violent crime is rapid through the USA....I feel much safer in Panama. Now- nowhere is perfect and crime exists worldwide but Im not sure LOTS OF VIOLENT CRIME accurately depicts Panama. If you have been a victim of a crime, I am very sorry to hear that.
Thanks for watching! Correct- domestic is within the country....not sure what you are referring to but if it’s a correction- thank you for your feedback:)
@@relocatewithbeth yes, you said that the retiree visa gives 25% off domestic flights and that's helpful for expats to go back to their home country to visit family.
@@heatherhopereed2147 Thank you for bringing that to my attention- to clarify... the discount also covers international flights if they originate in Panama and there is a return ticket purchased at the same time.
i look at your website, the lowest price rental was $900, wow 99% of baby boomers cannot afford that, that is miami prices, SSI normal is about $800 a month
Thanks for watching Anthony! Yes, rentals here in the Coronado area are in the $1000 range give or take (long term). In some cases we are able to find our clients deals between $500-$700. We manage mostly beachfront condos-not sure where in Miami you can rent a beachfront condo for $900... there are other areas in Panama with lower rents and cost of living is all around less than the USA. Take care!
Daniel Beaudry thanks for watching! I have collaborated with many law firms over the course of the past 7 years and this is the price range. Hope you found the information valuable:)
@@relocatewithbeth I have lived in Thailand, Vietnam and worked in Kuwait, Dubia, Each of these places I filled the paperwork my self to get the proper visas and when you have to do it every couple months paying up to $ 5000 would make it cost prohibitive. It would be one thing if the if the law firm came up with all the documents filled and all I would do is pick up the visa but that is not the case is it. I have to produce the documents and pay and the lawyer sends a secretary to file the docs and is back with visa in an hour, is that worth it?
@Daniel Beaudry You sound well-traveled. I'm sure each country is different in terms of process and Visas offered. Panama is known to have one of, if not the best retiree visas in the world. You can do some of the legwork yourself but by law, you must hire a Panamanian attorney for some of it as well. Once you receive your visa, whichever, you choose- it is for life- you do not have to do any paperwork or process again. When you hire a law firm- they DO take care of all documentation and you show up to the immigration office a couple times for signature and picture taking.
![8 Reasons Why Americans LEAVE Costa Rica [Why I Left]](http://i.ytimg.com/vi/cbGMngGx2xk/mqdefault.jpg)
Thank You
You're welcome, thanks for watching Diego!
I was going to move to Panama. Then covid hit and Panama and airlines shut down. Thousands of Americans were asked to leave or stranded. Now how can you trust your retirement to a tiny country that folds and kicks you out when events get rough?
Now I need a "where to meet my spouse" in Panama. Thanks!! I'm relocating from the beach in FL to amazing Panama!!!
I happen to think it's freezing in Florida's winters! I have low blood pressure and stay cold.
@@Angela-kr6im Thanks for watching Angela, how exciting you are relocating to Panama! I wasn't looking for a spouse when I moved here and he found me so maybe the same is in the cards for you :)
Beth, you rocked it! Im a gringo, born in Panama, lived there for 26 yrs, moved to NY, and worked there, and Atlanta. Im now 82, and am retiring to Panama,,,,, (why NOT) !!!!! You stated ALL THE REASONS its such a wonderful country. !!!
Dean Plaia thanks for watching! It is an amazing country and how exciting you are coming back!!! If you choose to check out the Coronado area- let me know:)
I personally LOVE Coronado, and it's less expensive for a beautiful home there.
But I'm going to have a young roommate who has never been there, and I asked him if he wanted Coronado,
or la ciudad. He chose the city, for all the excitement, shopping, restaurants, etc. that it offers. (Heeze a multi-millionaire, so weeze gonna live in da cité !!!!!
I'm a city gringo...I've lived in Bella Vista, El Cangrejo, Via Porras, Calle 50, Ttended Maria Immaculada and La Salle, Ancon school, Balboa school, Balboa jr high, not to mention Cristobal Jr /Sr High I lived in Mt. Hope, a ross the street from the RR station....I'm not your normal expat....(I have dual citizenship) !!!!
Panama, I'm Already gone, so to speak. 1969, here. 🇵🇦
Thank you! Great presentation!
Thank you for watching!
It seems that shopping and eating out in restaurants is just as costly in Panamá as in the U.S. To me, a high quality of living includes clean environment. I've heard complaints about trash or litter all over.
Thanks for watching Donna! Food cost depends on what you purchase. There are local "fondas" where you can have a delicious Panamanian style lunch for less than $5. There are also much more expensive restaurant choices. Grocery costs also depend on what you purchase. Imported foods are about 25% more expensive than in North America, however, all local choices, especially produce, meat, beans/rice are very economical. Yes, one of the negatives is there is an issue with littering. It is not out of control and there are many beautiful and clean areas, however, is the more impoverished areas, there is a lot of trash. It is something the Panamanian government is looking to improve on and I have seen an improvement in my time here.
Hi Beth,
I need some specifics regarding health insurance costs, pre-existing conditions, companies to choose from, etc.
Also, I assume you help with finding rentals?
Thank you,
Roger
Thanks for watching Roger, it would be my pleasure to assist you! Feel free to email me at beth@trypanama.com and I can assist with a rental and put you in touch with a reliable insurance broker. Look forward to hearing from you!
Great info, thanks. BTW, the sun rises in the Atlantic and sets over the Pacific
Panama has the distinction of being the only place on earth where people can watch the sun rise in the Pacific and set in the Atlantic!
Dean. I am Blatino born in Panama left in 1970 and I just moved back three weeks ago. I am still a little confuse, as New York was my home for all that time. I lived In the Bronx
and Harlem, Now I am living in; Bella Vista. Wishing you the best dude. America will always be my home and I feel lucky for that. Dean welcome to our country.
Great information
Thank you for watching Prince LJ!
Sunrise in the Pacific & sunset in the Atlantic?....
Exactly! Seems backwards, doesn't it?! If you look at Panama on a map, you will see that the country runs east to west, rather than north to south. From Panama City, the Pacific Ocean is actually south and East of the city and the Atlantic is north and west.
Hi Beth, my wife Alesia (Spanish speaking and almost retired nurse-64) and me (John, white guy, 62) have a $270,000 home (paid in full) and possibly around $3,000 - $3,400 in future social security monthly. We don't have a huge amount saved. But, would our money situation be "good living" in Panama? We are very interested in going this direction in the near future. We live in central Washington state, USA. ... John S.
Thanks for watching John! You should check out my video on Cost of Living: ua-cam.com/video/4V_KNI7rcdM/v-deo.html. You can live a North American lifestyle for less than $2500 per month so your social security would be more than enough. Additionally, should you decide to sell your home to purchase here as many do, you could find a great option in the $250,000 (or less) price range.
Great video. I am thinking of maybe retiring in Panama. What's the ballpark cost for an attorney for imagination?
Thanks for watching Mark and how exciting you are thinking of Panama! Attorney fees vary based off of many different factors but an average cost with attorney and governmental fees for residency is around $3000. Feel free to connect with me at beth@trypanama.com if you have any other questions or if you decide to plan a trip down.
One question. My in-laws don't quite fit the pension requirement. My pension will be more than enough, so can I have my in-laws as my dependents, so if I can, Then it would be a min of $1750 for Myself, wife and in-laws?
Thanks for watching! My understanding is you can only have your spouse and/or children as your dependents unfortunately. Also- the attorneys quote will increase per dependent.
I'd rather live in a sewer in NYC than this hellhole. LOTS OF VIOLENT CRIME!
Sorry you feel that way...I find your comment quite surprising as violent crime is rapid through the USA....I feel much safer in Panama. Now- nowhere is perfect and crime exists worldwide but Im not sure LOTS OF VIOLENT CRIME accurately depicts Panama. If you have been a victim of a crime, I am very sorry to hear that.
Sunrise by the beach price range
At the rate people are fleeing Honduras, it should pretty well be VACANT in a few years ... up for the taking!
Domestic would be within the country.
Thanks for watching! Correct- domestic is within the country....not sure what you are referring to but if it’s a correction- thank you for your feedback:)
@@relocatewithbeth yes, you said that the retiree visa gives 25% off domestic flights and that's helpful for expats to go back to their home country to visit family.
@@heatherhopereed2147 Thank you for bringing that to my attention- to clarify... the discount also covers international flights if they originate in Panama and there is a return ticket purchased at the same time.
@@relocatewithbeth cool, thanks!
Good information but very poor presentation , no map showing location almost no photos or video showing the area!
Thank you for the feedback and for watching!
i look at your website, the lowest price rental was $900, wow 99% of baby boomers cannot afford that, that is miami prices, SSI normal is about $800 a month
Thanks for watching Anthony! Yes, rentals here in the Coronado area are in the $1000 range give or take (long term). In some cases we are able to find our clients deals between $500-$700. We manage mostly beachfront condos-not sure where in Miami you can rent a beachfront condo for $900... there are other areas in Panama with lower rents and cost of living is all around less than the USA. Take care!
are you crazy $1,500 to $5,000 to get a Retirement visa from a law firm your nuts
Daniel Beaudry thanks for watching! I have collaborated with many law firms over the course of the past 7 years and this is the price range. Hope you found the information valuable:)
@@relocatewithbeth I have lived in Thailand, Vietnam and worked in Kuwait, Dubia, Each of these places I filled the paperwork my self to get the proper visas and when you have to do it every couple months paying up to $ 5000 would make it cost prohibitive. It would be one thing if the if the law firm came up with all the documents filled and all I would do is pick up the visa but that is not the case is it. I have to produce the documents and pay and the lawyer sends a secretary to file the docs and is back with visa in an hour, is that worth it?
@Daniel Beaudry You sound well-traveled. I'm sure each country is different in terms of process and Visas offered. Panama is known to have one of, if not the best retiree visas in the world. You can do some of the legwork yourself but by law, you must hire a Panamanian attorney for some of it as well. Once you receive your visa, whichever, you choose- it is for life- you do not have to do any paperwork or process again. When you hire a law firm- they DO take care of all documentation and you show up to the immigration office a couple times for signature and picture taking.
You talk about 30% discount, but you never say 30% off WHAT PRICES ? The discounts don't mean anything if you don't know what the discount means.