Panama has been named the top destination for U.S. retirees seeking an affordable and comfortable lifestyle abroad, according to the latest Global Retirement Index. The country stands out for its low cost of living, favorable tax policies, modern healthcare services, and vibrant expat community, making it a prime choice for those looking to enjoy retirement with ease and security. Panama’s Pensionado Program, which offers significant benefits to retirees, further enhances its appeal.
Experts point to Panama’s excellent infrastructure and well-developed healthcare system as major draws, especially for retirees concerned about medical access and quality. Additionally, the country’s warm climate, cultural richness, and stable political environment make it a strong contender for retirement. Compared to other popular destinations, Panama offers a balanced mix of affordability and modern conveniences, helping retirees stretch their savings while maintaining a high quality of life.
The report emphasizes that while other countries such as Mexico and Costa Rica remain popular choices, Panama’s unique combination of economic incentives and lifestyle benefits puts it at the top. As the trend of retiring abroad grows, financial planners suggest that careful consideration of healthcare, taxes, and residency rules is key—making Panama an increasingly attractive option for American retirees seeking adventure and financial security.
