Panama City, Panama

What advice do overseas retirees have for others considering retiring abroad?

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When we asked what advice they have for others considering retiring abroad, they advised...

"Don't do it because you think you save a lot. At least not in Panama. Rural, small city town US is probably just as cheap overall. But healthcare is a big issue now and you can save a lot in Panama. Getting outside the US could be good if conditions in US get bad. I would probably choose Asia if I could. But it is too far away. Since I need to travel a lot back to US," wrote a member who made the move to Panama City, Panama.

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It's impossible to confuse citizenM with any other hotel. We don't look or sound like anyone else. Bold, vibrant, and artistic - that's us. Our rooms cater to modern travelers - enormous ultra-comfortable beds, unlimited free Wi-Fi and 24/7 food and drinks always waiting at canteenM. And best of all, our ambassadors are every guest's best friend.

CitizenMCitizenM

It's impossible to confuse citizenM with any other hotel. We don't look or sound like anyone else. Bold, vibrant, and artistic - that's us. Our rooms cater to modern travelers - enormous ultra-comfortable beds, unlimited free Wi-Fi and 24/7 food and drinks always waiting at canteenM. And best of all, our ambassadors are every guest's best friend.
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"Overseas retirees have varying pieces of advice for those considering retiring abroad. Many mention to do as much research as possible on the local culture and laws, as well as getting to know enough of the language to get around. Consider the cost of living in the area compared to your income, and budget accordingly. Visit the location beforehand to make sure it is the right fit; take a look around and familiarize yourself with the surroundings. Have a plan in place in case of any possible health issues. Make connections with both expats and locals, as it can be helpful to have advice and support from those familiar with the area. Finally, ensure to allow yourself enough time to adjust to your new environment," explained one expat living in Panama City, Panama.

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Other Questions:

What advice do overseas retirees have for others considering retiring abroad?

If you live in Panama City, newcomers to Panama City would love to hear your answer to this question.


About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of InternationalTravel.ai and serves as Co-President of Expat Exchange. Prior to Expat Exchange and InternationalTravel.ai, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist. Connect with Joshua on LinkedIn.

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Experience affordable luxury at CitizenM hotels, with stylish stays at locations like New York, London and Paris. Smart tech and prime locations make your stay unforgettable.
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CitizenMCitizenM

Experience affordable luxury at CitizenM hotels, with stylish stays at locations like New York, London and Paris. Smart tech and prime locations make your stay unforgettable.
Learn More

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