It’s no secret that many Baby Boomers are worried about retirement. The average Social Security check is only $1400 which, for most people, is not enough to live comfortably in the United States. Some financial advisors recommend that Baby Boomers keep working as long as possible. But that does not sound like much fun!
There’s a better solution!
Retire in Panama where you can live on just your Social Security check without dipping into savings. A couple can live well in most areas of Panama for just $2,000 a month, including rent. Many singles live in Panama on $1200 including rent.
Is retiring in Panama right for you?
I’ve been offering Panama Relocation Tours since 2010 and helped thousands of people retire in Panama. In Panama, I live a better lifestyle for less than it would cost in the United States. Because my house is paid for, I rarely spend more than $1000 a month in living expenses including health insurance, weekly maid, weekly massage, car expenses, cell phone, internet, groceries, utilities, and two gardeners twice a week (I have a really big yard).
But, as much as I love living in Panama, I know that Panama is not right for everyone.
To help you decide if retiring in Panama is right for you, I’ve identified the 5 most important factors for someone to think about before retiring in Panama. About 60% of the people who come on a Panama Relocation Tour move to Panama. The 40% who do not are usually people who have a problem with one of more of the items below: [Read more…]