This article explains the many benefits Panama offers which entice baby boomers from the US and Canadians and Western Europeans to pack their suitcases and move to this small country smack in the center of the Americas. Of the many benefits the first and most obvious one is that it is a politically stable, democratic and dollarized economy. Because investments are maintained in USD, as long as this currency maintains its value there is no exchange rate risk of depreciating investments. Another notable advantage is the quality of medical care provided by hospitals such as the John Hopkins Punta Pacifica Medical Center, the National Hospital the Hospital San Fernando and the Paitilla Medical Center are first rate with many of the doctors receiving their preparation at the very best US medical schools and worldwide.
Panama City counts with top class infrastructure and luxurious high rise buildings with great ocean views that cost a fraction of what they would in the United States and Europe. An apartment that would easily be priced at over $1 million in the US can easily be acquired for around $250,000 in Panama. For bird lovers and ecotourists Panama boasts several rare species of animals and birds and people from planet come to Panama to participate in bird watching tours.
Those who enjoy the outdoor sports will find excellent golf courses and probably the best fishing in the world is available on both coasts, it is probably the only place in the world where you can bathe in both the Atlantic and Pacific Oceans within three hours.
The dining in Panama is fantastic with first rate five star restaurants throughout the capital city and the best hotel chains such as the Marriott, Intercontiental and Sheraton all with multiple properties in the country.
From nursery to masters degree, Panamas education is among the best in the region. numerous American programs can be taken remotely from Panama city, such is the case with Masters programs provided by the University of Louisville, Florida State University among others.
A recent trend has been that retiring Americans and Canadians move to Panama and live comfortably with their retirement checks. Because living is less expensive the quality of life they can have is better. The country enjoysboasts of one of the historically lowest inflation rates in the world. Some of these retirees, set up profitable businesses in coffee plantations, pastry shops and restaurants that keep them busy and immerse them into the local culture simultaneously. Additionally the expansion of international flight options from Panama to the US make it just as easy to travel to a place in the US as it would be from any US city.
Panamanians are friendly, helpful and joyful people who enjoy the good life. The country is predominantly Roman Catholic although there is a significant Jewish, Muslim and Hindu population. Panama, is one of only seven countries to boast of a Bahai Temple.
Panamas country side is as beautiful as its capital city. Although well known for its Canal, the San Blas area inhabited by native Indians is one of the most beautiful and virgin areas of the country. The beaches of Bocas del Toro are comparable to the most luxurious beach resort in the world and only at a fraction of the price.
It is no surprise that over the last few years hundreds of people from all over the world have decided to call Panama, their second home. Panama was even ranked as one of the best places in the world, by International Living magazine.
