I received this very kind email from Retirement Wave today and had to share it with my readers. I have included some excerpts from his very interesting website on retiring in Panama, South American. There are some valid reasons for retiring there, one is being within a short distance by air to the United States. Another is it’s a booming economy even when elsewhere it is not. These are some very good reasons for retiring in Panama. Panama offers some of the same types relaxing enjoyment as we do here in the Philippines. What I like abut the Philippines is being only a short flight to the rest of Asia. Hong Kong is only a 3 hour flight from here and Thailand and Vietnam are also very close to us.
Here’s the kind comment from Bob Adams
I enjoyed your blog! Well done! Like so many similar blogs (we have a dozen or so by folks who have settled down here in Panama), yours is certainly not “faceless” and it provides excellent information based on real life experience.
You are quite right that the Philippines offers a great deal. I lived there in the past in Bulacan and in Albay (loved the photo of Mayon!). My folks are generally people who want to live within a quick air trip of the US, so we speak to different audiences, but they are all people with the same basic interests. You do a wonderful job of reaching out to your audience and providing value for their time spent at your blog.
I know it must be pretty doubtful, but should you ever pass our way, I would be delighted to meet you with a hearty “Mabuhay!”. In the meantime, thank you so much for writing. Keep up your very good work.
Call it the “Baby Boom” or a “demographic explosion”, every day a wave of tens of millions of Americans and Europeans move one day closer to retirement. Retirement should be a stress-free period in our lives, but it has become stress-ridden. We worry that we won’t have enough money to take care of ourselves. We worry that we will be a burden on others in our society if there is not enough money to support our government’s social programs for retirees. We worry that if the social programs fail, we will be a burden to our children. We worry about being old in a world of terrorism, unable to protect ourselves. These are all fears that weigh heavily on us as we plan for retirement. Worse yet, they are fears we know we will continue to face once we are actually retired. This is much too negative for what should be a positive period in our lives. It could be positive if only there was a practical way to protect ourselves, avoid being a burden to others, and perhaps even make a small contribution to reducing global tensions.
Ten Reasons to Retire in Panama
Why retire in Panama? Here’s the short version based on my observations and experience following thirty-eight years of living and working all over the world.
1) It’s a democracy with freedom.
I was there during the 2004 elections that were contested by half a dozen political parties. It was considerably less stressful than the US election running at the same time. The new President, Martin Torrijos, a Texas A&M graduate with a degree in economics, gives every appearance of being a solid, intelligent man who has genuine widespread public support. Freedoms of the press, speech, and religion are well-established, and free enterprise is the backbone of Panama’s economic life.
Read more at: