Panama leads ranking of top 25 places in the world to retire

Bocas Del Toro, Panama.

AFP Relaxnews

Its proximity to the US, the use of American currency, large English-speaking population and tropical climate make Panama the world’s best place to retire.

It’s the 10th time the country in Central America has topped International Living’s annual Global Retirement Index, which aims to help retirees settle down in destinations where their dollar stretches further and which offer the best quality of life.

For the first time, Thailand also cracked the top 10 list while Sri Lanka made its first-ever debut.

To compile the list of top 25 retirement destinations, editors consider 13 criteria: buying and investing, renting, benefits and seniors discounts, visas and residence, cost of living, fitting in, entertainment and amenities, healthcare, healthy lifestyle, development, climate, opportunity and governance.

Destinations that made the list denote places where a retired couple can live comfortably for US$1,800 (RM7,447) or less a month, all in.

International Living’s executive editor Jennifer Stevens points out that retirees should consider their priorities when shopping for a new home.

“Ask yourself, ‘What’s most important to me in a haven overseas?’ Maybe it’s good weather year-round. Maybe it’s proximity to the US. Maybe it’s a low cost of living. Maybe it’s the ease with which you can fit in. Maybe it’s access to top-notch healthcare at a low price. Those are among the many qualities we consider when we produce our annual Index,” she said in a press release.

When it comes to the overall winner, Panama is described as a “Central American gem” that packs a lot into a small area: fast-paced eclectic capital city, beaches and forested valleys.

The country also offers a special retirement visa for those with a lifetime monthly pension of at least US$1,000 and grants special discounts to seniors on everything from medical consultations to movie tickets.

The climate is also warm and tropical but lies outside the hurricane belt.

Here are the top 10 places to retire, according to International Living:

1. Panama
2. Costa Rica
3. Mexico
4. Ecuador
5. Malaysia
6. Colombia
7. Portugal
8. Peru
9. Thailand
10. Spain


Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.

Adventure Travel,45,Budget Travel,25,Nature Travel,28,News,1388,Occasional Travel,7,Seasonal Travel,14,Transportation,26,Travel,452,Urban Travel,13,Vacation Travel,26,
Travel News: Panama leads ranking of top 25 places in the world to retire
Panama leads ranking of top 25 places in the world to retire
Travel News
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy