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Pastimes : Leaving Las Vegas
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To: stan_hughes who wrote (37)3/23/2008 3:31:50 PM
From: B.K.Myers   of 72
 
I have been looking at Panama as a potential location for retirement. Last October my wife went to Bocas de Toro to look at possibilities. We were interested in Bocas de Toro because we are sailors and wanted to live on the Caribbean side of Panama.

For five years in a row, Panama was the number 1 retirement country in the world. As another poster pointed out, Panama offers outstanding benefits for retirees who can provide proof of a steady retirement income and an initial deposit of $100K in a Panamanian bank.

She reported back to me that Bocas de Toro has already experienced a growth in property values. She also said that the bugs there are bad and that the rain was a real damper. Bocas is located at the edge of the rain forest. Many of the "roads" are not paved and some of the potholes can be several feet deep. There is also a big difference between the "haves" and "have nots".

Besides the great sailing, Bocas de Toro is famous for its surf that attracts surfers from around the world. They don't have the beautiful long white sand beaches that can be found in parts of Panama. Most of their beaches are small rocky beaches.

We plan on revisiting Bocas de Toro sometime in the future because she did enjoy the company of the sailors and ex-pats that were there. We are also planning on looking at the Pacific side of Panama where retirement communities are being built at a blinding pace.

You can find more information about retiring in Panama here:

boomersabroad.com

B. K.
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