Pencianado Program Retire in Panama with Little Savings

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Retiring in US is not the best choice!

There are almost 80 million baby boomers in the US that will be retiring in the next decade. For most, retiring in the US will not allow them to live the way they had hoped. Frankly, most real estate in the current top choice retirement havens is too expensive. Forget about beachfront property in the US, it's in the stratosphere.

More and more baby boomers in the US are considering retiring either full time or part time outside of the United States. For many, Panama is "THE" place to retire. The beautiful beaches, amazing weather, lack of hurricanes, friendly people and much, much more, makes retiring in Panama a dream come true. The Panamanian government has also made it a lot more affordable with their Pensionado Program.

Pensionado Program for Retirees

The government of Panama has created a wonderful program that expatriates can utilize to save a lot of money. The rules are fairly simple.

Import tax exemption for household goods
Tax exemption to import a new car every two years
25% discounts on utility bills
25% discount on airline tickets and 30% on other transportation
15% discount on loans made in your name
1% reduction on home mortgages for homes used for personal residence
20% discount on doctor's bills
15% on hospital services if no insurance applies
15% off dental and eye exams
10% discount on medicines
20% discount on bills for professional and technical services
50% discount on entrance to movie theaters, cultural and sporting events
50% discount at hotels during Monday to Thursday, 30% on weekends

Get the>>> The Ultimate Guide To Investing & Retiring In Panama

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