When thinking about retirement, Americans and Canadians used to think of Florida as the ideal retirement destination. In recent years, Panama has attracted retirees from all over the world who describe Panama as the cheapest place to retire. International living is the best option for many retirees on a fixed income who are able to live comfortably in their new adopted country. Panama offers its new residents the good life on a silver platter. Panama has a low cost of living in comparison with The United States, Canada or Europe, has world class health care and offers additional benefits to retirees. One of those benefits is the Pensionado Visa which allows anyone over 18 years old to obtain residency in Panama if they have foreign income of at least $ 500. Panama, despite having one of the hottest real estate markets in the world, offers the opportunity to purchase affordable real estate. An example of an affordable Panama investment is the Bala Beach Resort in Maria Chiquita, Colon. This Caribbean Beach Front Development offers a fun, exciting and active lifestyle with the comforts of home at very affordable prices. This resort has unlimited pools, fully equiped gym, grocery delivery service, valet parking and a Yoga and Meditation studio among its amenities. A condo can be purchased for less than $ 99.000.

When thinking about where to retire, residents from all over the world, younger and older, have a new exciting option for international living and for the cheapest place to retire. Panama offers a unique opportunity for affordable living with and active and exciting lifestyle.