Is Retiring in Panama Right For You?

by | Jul 29, 2019 | Archives

Imagine this…  $15.33 a month for a cell phone which includes international calling.   Doctor visits are $2 to see a general doctor or $5 for a specialist. Temperate weather and sunshine almost every day of the year.

Learn more in the note from our friend Jackie Lange about retiring in Panama.

It’s no secret that many Baby Boomers are worried about retirement. The average Social Security check is only $1400 which, for most people, is not enough to live on in the United States. Some financial advisors recommend that Baby Boomers keep working as long as possible. But that does not sound like much fun!

There’s a better solution!


Retire in Panama where you can live on just your Social Security check without dipping into savings. A couple can live well in most areas of Panama for just $2,000 a month, including rent.  Many singles live in Panama on $1200 including rent.

Is retiring in Panama right for you?

I’ve been offering Panama Relocation Tours since 2010 and helped thousands of people retire in Panama. In Panama, I live a better lifestyle for less than it would cost in the United States. Because my house is paid for, I rarely spend more than $1000 a month in living expenses including health insurance, weekly maid, weekly massage, car expenses, cell phone, internet, groceries, utilities, and two gardeners twice a week (I have a really big yard).

But, as much as I love living in Panama, I know that Panama is not right for everyone.

To help you decide if retiring in Panama is right for you, I’ve identified the 5 most important factors for someone to think about before retiring in Panama.

About 60% of the people who come on a Panama Relocation Tour move to Panama. The 40% who do not are usually people who have a problem with one of more of the items below:

1. Family – Can you move away from your family?

If you have grand kids, aging parent or grown children who depend on you, it might be necessary to put your desire to retire in Panama on hold for a while.

Does your whole life revolve around your grand children? Do you have family members who rely on you for emotional or financial support? If you answered yes to one, or both, of these it may not be a good time to retire in Panama. Or, would flying back home a few times a year be sufficient? Because of your lower cost of living in Panama, you’ll be able to afford more flights back home to see family. Will that be enough? Only you can decide! It’s certainly something to take into consideration.  You can get 25% discount on your international flights once you get a Pensionado

Visa in Panama.

You can also stay connected with Skype video chats to stay in touch with your family. And, with a Panama cell phone there is no additional charge for international calls so can you can call family as often as you want. ( I pay $15.33 a month for my Panama cell phone which includes international calling)

2. Health – Do you have a chronic illness or mobility issues?

Since Medicare coverage is not available outside the United States, if you’re 65 or older you’ll need to determine what your health insurance options are in Panama and the costs. This is critically important if you have pre-existing conditions.

In Panama, you can always use the public hospitals regardless of your age or pre-existing conditions. There is no monthly fee. It’s about $2 to see a general doctor or $5 for a specialist. You’ll also need to pay out of pocket for any medical procedures which will be much more affordable.

Ideally, to control your medical costs, you will get health insurance which covers you in Panama. There are a variety of different plans to select from. Some health insurance options have no age restrictions and will even cover pre-existing conditions after the first year. We discuss health insurance in great details during a Panama Relocation Tour.

You can get health insurance which only covers you only in Panama or get international health insurance which will cover you anywhere in the world. I pay $2300 a year for international health insurance which covers me in Panama, in the United States, in Europe, or anywhere else in the world.

A big plus is that many of Panama’s doctors speak English.

Another option is to maintain your Medicare benefits in the United States and use Panama’s public hospitals or get health insurance which covers you in Panama. There are so many affordable choices.

Even though health care in Panama is excellent, you really need to evaluate your own health situation before deciding to retire in Panama and moving away from doctors (and health insurance) you have used for many years. This is especially important if you have a chronic illness or if you have mobility or other handicap issues. Panama is, unfortunately, not a handicap friendly country.

You will also need to determine if the medications you take are available in Panama and what they cost. To help you do that, during a Panama Relocation Tour we take you to several different pharmacies. And, you can even meet with an English speaking doctor during the tour for him/her to help you evaluate the viability of you retiring in Panama if you have pre-existing health problems.

3. Finances – How much will you have to live on if you stop working? Can you afford relocation costs?

You’ll need to determine how much money you will have to live on when you retire in Panama. Many singles live well on less than $1400 a month including rent. A couple should plan on $2,000 a month including rent. This budget will not work in Panama City or Coronado but it will work in most of the rest of Panama. During a Panama Relocation Tour, we show you a variety of different areas in a variety of different price points to help you determine the perfect place to retire within your budget.

There are initial relocation expenses to consider too.

To live in Panama full time, you will need to get a residency Visa. The minimum requirement to qualify for a Pensionado Visa is $1,000 per month in lifetime income for a single person or $1250 per month for a couple. Will you qualify? If not, there are other Visa options but they are more costly.

It will cost about $1600 to get a Pensionado Visa. So, you’ll need to budget the expense of getting residency Visa.

There will be initial costs involved when you relocate to Panama too. You need to determine how much cash you have on hand to cover the upfront moving expenses like getting a Visa, renting a house, health insurance, stocking up on groceries, and maybe even buying a car.

4. Patience – You’ll need to learn to embrace the “tranquilo” mentality.

Many things are done a different way in Panama than what you are familiar with. In some cases, you’ll think the Panama way is the better way. But sometimes you could get frustrated because things don’t happen the same way or as fast as you like. You will need to learn to be more patient.
Once you’re retired, you don’t need to be in such a hurry anyway!

If you expect Panama to be just like the United States, but cheaper, you will be very disappointed.

There are many very modern parts of Panama. But not all areas are modern. You won’t find the same stores. There is no Walmart. You’ll find what you need in Panama. And you’ll find most of what you want in Panama too. There’s always Amazon for other things.  It takes about a week to get an Amazon order delivered to Panama.

The primary language is Spanish in Panama so you will hear Spanish being spoken everywhere you go. If you live in a town with a high concentration of expats, more English is spoken and you can get by without knowing much Spanish.

You can’t expect Panamanians to speak English. Using Google Translate and a big smile, you can usually get your point across.

Your patience will be tested in Panama. Eventually, you will succumb to the tranquilo mentality.

5. Attitude – Are you a flexible and tolerant person?

If you retire in Panama because you really want to experience living in Panama – all while reducing your expenses- you will have an amazing adventure.

But, if you retire in Panama because you are running away from something (like politics), you may feel bitter and unhappy every day in Panama.

Your attitude is the biggest factor of all.

In many ways, Panama is very much like the United States was in the 1960s but with high speed internet and cable TV.

If you are flexible and can adjust to a new environment, you will love your new life in Panama. But, if you want everything to be like “back home” you will be disappointed.

When you wake up every day to see the stunning beauty of Panama, it will certainly help put you in the right mood.  It also helps to reduce stress knowing that you can live very well in Panama for a fraction of what it would cost for a similar lifestyle in North America.

The Test Drive

The whole purpose of Panama Relocation Tours is to give you a one-week overview of what life would be like in Panama. The Tour is a way for you to test drive Panama without the commitment of relocating. A Panama Relocation Tour can help you decide if Panama is right for you, and where to live in Panama. Or, a Panama Relocation tour may help you decide that Panama, and living abroad, is just not right for you. Either way, the Tour helps you decide about retiring abroad.  With the information you get during a Panama Relocation Tour, it will definitely help you avoid a costly mistake when you retire in Panama!

Retiring in Panama isn’t for everybody.

But retiring in Panama is worth serious consideration if you are concerned about how you will be able to afford retirement and maintain a good quality lifestyle.

Retiring in Panama sure beats the alternative of working longer!

Thousands of people who have been on a Panama Relocation Tour have discovered that they can live better for less in Panama. You can too! In Panama, you can alleviate stress, get off many of your medications, meet interesting people, enjoy much better weather, your health may improve, you might even lose weight (many do), and you can enjoy a fun and active retirement.

Panama could be a great solution for you! It’s certainly worth considering!


Jackie Lange at Panama Relocation hosts LIVE Q & A Conference Calls. You can hear answers to the questions about relocating to and living in Panama at the latest call.  Click here to listen to the call.

Another way to learn more about Panama is with Jackie Lange’s free eight part series on living in Panama.


Get Jackie Lange’s FREE report “How to Retire in Panama” here.


Spanish words you can use

Retire – retirarse

Pension – pensión

Residence – residencia

Relocate – trasladarse

Emigrate – emigrar


Learn Spanish in Three Days ONLINE

Instant $110 discount on the course!

The “Learn Spanish in Three Day Course” is now available online.

Read below to see why we are offering our Super Spanish course online for the first time.

Speaking Spanish is a huge benefit on its own.  You can become one of the rare North Americans who can get along in Spanish speaking countries.  You can be one of the special people who can communicate with 10 million non-English speakers in the USA.  Spanish is the second most used language in the USA.  There are more Spanish speakers than speakers of Chinese, French, German, Italian, Hawaiian, and the Native American languages combined.  According to the Census Bureau, Spanish is the primary language of nearly 50 million people in the US.  This is the largest Spanish-speaking community outside of Mexico. Only half of these speakers also speak English “very well,” and 19% do not speak Spanish at all.

You can tap into all this potential when you speak Spanish.  Yet there are more benefits.

An article in England’s leading newspaper, the Telegraph, entitled “Why learn a foreign language? Benefits of bilingualism” (1) sum up the biggest benefit of learning a second language and increased intelligence.  The article says: “Learning a foreign language is more than just a boost to your CV or handy for traveling.  It will make you smarter, more decisive and even better at English.  Physiological studies have found that speaking two or more languages is a great asset to the cognitive process.  The brains of bilingual people operate differently than single language speakers, and these differences offer several mental benefits.”

The article then explains studies that show seven cognitive advantages gained from learning a foreign language.

#1:  You become smarter
#2:  You build multitasking skills
#3:  You stave off Alzheimer’s and dementia
#4:  Your memory improves
#5:  You become more perceptive
#6:  Your decision-making skills improve
#7:  You improve your English

Does it sound impossible to learn Spanish in three days?  Yes, it is impossible when you try to learn Spanish in the old, traditional way.

Though you may choose to take more time using this course to learn Spanish, thousands of our readers have learned at our Spanish courses.

There is a scientific method of learning… proven and described in numerous best selling books that create educational jumps by making education natural, easy and fun.   This course works because it is education without stress!

This method was created and refined by the Bulgarian educational master, Georgi Lozanov, who transformed the entire Soviet educational system to such a degree that this third world country beat the USA into space.

Merri was lucky to be one of a handful of students outside of Bulgaria who were allowed to be taught this system in the early 70s.  She practiced this unique and remarkable form of education for  four decades. It was a delight!

Merri and I began integrating these techniques with other shamanic and educational tactics we had gained in our global travels and then applied them to teach Spanish in three days.

The course has been proven again and again by the thousands who have used this system.  You can read a few of the many raves we have received from delegates who have learned from the Super Thinking Spanish course we created.

Here are a few quotes from delegates of the course.

One delegate from St. Louis wrote:  Hi Gary,  Just ended forty-five years in dentistry last week, and I’m on to a new career.  What is my new career?  Still formulating, but the eye -opening,mind expanding Super-Spanish course last weekend in St. Louis surely shows me the opportunity exists to expand my horizons.

Besides having a lot of nice people to learn our new language; the methods Merri and you developed proved to be just what you said they would be.  We all and I in particular relaxed our way to new learning.  I feel so very comfortable with the basis of my new language skills that I know I will be spitting out great Spanish sentences by the time I reach Ecuador in October.  Last year I spent six weeks in Ecuador and now I plan on conversing with the people.

Today’s excerpt of your newsletter really hit home. You do what you say you will. There are no surprises or hidden sales tricks. The only tricks are beneficial to our learning.  Thank you for a wonderful experience that I was quite unable to grasp how you would pull it off.  You did, however, and I look forward to other courses that you offer, and I have absolutely no doubt they also will work beneficially.  Best regards, Denis Molloy.

Another wrote about the Super Spanish course:   Buenos Dias, here is a testimonial for Super Thinking-Super Spanish.  Please feel free to use all or part in promotions for the course.  In addition, you may give my email address to any prospect “on the fence” about enrolling.  Yesterday, in Cotacachi, Ecuador, I finished Super Spanish.  I had high expectations for the course and they were exceeded.

After three days, I can speak Spanish in complete sentences. In simple conversations, such as buying groceries or ordering a meal, I can make myself understood. I think that’s incredible!

Although I am far from the competence level of a native speaker, I feel I’ve taken a giant step forward in learning Spanish so that I can experience the people and culture of Ecuador.  The foregoing benefits would have more than justified the time and money I invested in Super Spanish.  And learning some Spanish was not the most important benefit I got from the course.

Prior to leaving the USA, I had felt for some time that the pace of life there was unhealthy for me (and for most people) and I did nothing about it.

I’ve thought about the pace issue during the course.  One of the key elements Merri Scott designed into Super Spanish is placing the student in the optimal state for learning.  In class, the past three days, I’ve been re-introduced to guided journeys and introduced to the calming effects of Baroque music (  What a blessing! I’m inclined to make one or both a daily part of my life.   Rob Christi.  Cotacachi, Ecuador

Another attendee from a course wrote:   “I took this incredible class a few weeks ago, and I would like to tell anyone that is interested, that it is an amazing three days of learning with lots of laughs included. You leave everyday wanting to learn more and are so excited to do so.

“Other Spanish classes and tutoring made us feel like it would take forever to get to the point where we could put it into practice, but this method gave us a more fluent use for everyday life almost immediately AND the confidence to use it.  It is a fantastic way to show people how much they know and give confidence to learn and use Spanish creating a momentum.

“They made learning Spanish easy and fun in a very relaxed, comfortable atmosphere.  I would definitely recommend this course.  Even if you know some Spanish, this helps make it easier because of the less stress that no verb conjugations gives you.  This gives you more confidence in yourself to try and speak it more.

 “The stress free atmosphere and tons of interaction and participation were very conducive to learning.  The relaxation techniques alone are worth the price.  The fact that I can now feel more comfortable conversing in Spanish with my new friends and neighbors is priceless.  Muchas, muchas gracias.”

“I loved the relaxed environment.  I picked up quite a lot of new vocabulary.  I found this course very informative about how the language works, how I can make sentences and understand others better!  Muchas Gracias!  I had a call from Telcel (the local phone company) after our second class and I was able to speak and understand them for the first time. Despacio (meaning slowly) … a great word!  Everyone should take this course before they pick up bad habits.”

“I liked how simply the course was organized and the positive attitude about learning.  Thank you so much for helping me to learn Spanish!”

“I liked the laid back yet professional approach.  I highly recommend this new, relaxing method of learning Spanish,  I feel a lot more confident in the delivery of my words and sentences. It was taught in an excellent and very professional way.

“It was a very enjoyable class.”

How The Course Works

The first tactic is to use Baroque music in the learning process.  At least three best selling books, “Superlearning”, the “Mozart Effect” and “Superlearning 2000” have revealed insights about how to learn and think more powerfully based on systems drawn from the Bulgarian educational master, Dr. Georgi Lozanov.  Merri Scott was among just a few who learned directly from Lozanov.

The second tactic uses 17 unique lessons to provide Spanish fluency in a short time.   Let me prove to you how this tactic works by teaching you hundreds of Spanish words in less than 30 seconds.

Here is the proof.

“Most words in English that end in ION are almost identical, just pronounced differently.  For example action is accion, education-educacion, manipulation- manipulacion, etc.”

There you have it.  How long did it take you to read the sentence?  You now know hundreds of Spanish words that you will never forget.

See examples of the words you already know below.

How long would have taken you to memorize all those words?  How soon would you have forgotten them?

This is just one of seventeen Spanish lessons in the course.

The next lesson teaches how to pronounce each of the nouns.

Then, the third lesson teaches almost as many verbs, almost as quickly.

The fourth lesson shows how to avoid conjugating verbs by sticking with the infinitive (far easier than it sounds).  This simple lesson leaves a person sounding like a Spanish professor without ever conjugating a verb.

Lesson five shows how to sound infinitely polite and yet get almost anything desired in Spanish.

Lesson six gives valuable connectors and the seventh lesson triples the Spanish capacity with three words for “yesterday,” “now” and “tomorrow”.

By the end of three days you feel comfortable speaking Spanish.

Plus the system is Impro-Dynamic.  This means your Spanish keeps getting better even though you do not seem to be studying… practicing… or speaking Spanish.

I was amazed by this as I traveled back and forth from the USA to Ecuador.  The longer I was away from Ecuador… the better my Spanish became.  My second language was automatically improving The self improving feature comes because you learn to create Spanish sentences rather than remember them.  The portion of the brain that creates is more powerful than the portion that recalls.  When your mind creates something… it owns it!  You do not have to remember .

During the course you learn 4005 Spanish words that you already know .  

You then learn how to create Spanish sentences from these words.

Throughout the course you learn how to pronounce the sentences you create.

When the course ends… the mind keeps working… and creating… so next time you begin to speak Spanish you’ll be surprised .  You improve even though you have not actively worked on your lingual skill.

Due to the difficulty of getting groups together to learn this valuable technique, we created an online program for subscribers to use the Super Spanish course at home.  Normally $149, this is available at the highly reduced price of $79. Simply use coupon code SPANISH110 at checkout.

I’ll be in touch personally via email with each person who signs up for this course to see how it works or what is required to make it better.  Once this test is complete, we plan to offer the program on a larger scale and at a much higher price.

The ONLINE course has our, full satisfaction or money back, guarantee.  Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund.

Learn Spanish online $79 – using coupon code SPANISH110 at checkout to immediately save $110 off the regular price of $149

Here are more testimonials from previous Super Spanish Courses.

Maggie wrote: It didn’t really seem possible that we would be speaking and understanding Spanish in only 3 days but the course made it happen in a very supportive learning environment.  I would highly recommend this course for anyone wishing to learn “practical Spanish”.  The teaching methods, use of relaxation, the use of native Spanish speakers for pronunciation and the teachers themselves who were approachable and helpful and always positive made this a very valuable class.

This course improved my self confidence in my ability to learn and retain a language.  It was presented with genuine enthusiasm, great energy and the style of learning is very effective. Gracias!  It was a great experience.

Nadine wrote: “Just spent the last 3 days in the most wonderful learning environment learning Spanish.  What an amazing learning experience!!  First day out of class and I could not stop thinking in Spanish WOW!!  I am amazed by how much I learned, retained and how much more is showing up now that I am out of class.  And the best part is THERE WAS NO STUDYING!! Indeed this is Super Thinking!!!  I would highly recommend this to anyone that has ever had a desire to learn another language or learn anything in record time.

And a few days after that ….  As I went through my day, just hanging out with my son, I could see myself starting to think in Spanish.  At first I thought it was amusing but as it continued and increased I thought “My goodness this is really remarkable amazing” It was really an effortless unfolding.  I wasn’t at any point “trying” to think in Spanish, just words I knew would fly across the screen in my mind.  And then this afternoon, my son cuddled up on the couch to watch some cartoons on his ipad and was watching Peppa Pig in Spanish…hmm coincidence?  I think not, I’m radiating Spanish so much that my son is being influenced!  Thanks a million again.  This weekend the best learning experience of my life!!

If you have ever had a desire to learn Spanish this is the way to do it!  By the end of the first day I had more confidence and more practical ability than I had from any previous courses I had taken.  It was fun and relaxed and full of laughter.  You will leave this class excited to use what you have learned.  Rather than leaving overwhelmed with how much you have yet to learn and master, you are equipped with the knowledge and know how to go out and communicate as well as the excitement to do it!”

Gary noted:  “The whole approach is positive and conducive to learning at a level that benefits ALL participants.  It is not intimidating and does not set up a pass/fail atmosphere.  The presenters are terrific and the results unbelievable.  It was relaxed, informal, friendly and effective.”

Twila said:  “This class provided a very refreshing and relaxed way of learning.  The atmosphere felt very safe to say the words you were practicing.  I learned a lot in a way that will make it easy to apply.  Starting with conversation is way more fun.  How quickly you can learn!  It was a great group, great instructors and great stories.

The atmosphere in the classroom was so relaxed that learning Spanish felt like a breeze and not like a painful task.  The relaxation exercises are really conducive to language learning.  We learned A LOT in a short time and it was fun and the environment was non-threatening.”

Brigitte sent this:  “Buenos Dias, Suzanne. su clase de espanol es excelente! Muchas Gracias!  
I have already done what you suggested and went into the program listening to the music and going over the lessons.  I know: Repetition……reinforcement…..thinking in the new language….it’s all part of it.  I loved your course and will certainly recommend it to friends.  Who knows….I might feel the urge and have the opportunity to repeat it at your beautiful place in Puerto Aventuras…..Quien sabe? Hasta otro dia y saludos a su familia.”

Marie wrote:  “I would highly recommend this course.  The amount covered in 3 days is amazing!  All with no stress.  The correlation lessons and pronunciation practice has greatly reduced my anxiety to go out and use my Spanish.  I really enjoyed the whole process and thank you for the take away tools.”

Learn Spanish online $79 – using coupon code SPANISH110 at checkout to immediately save $110 off the regular price of $149


Here is the English translation of a few of the many Spanish words you now know and will never forget.  How long would it have taken you to memorize them?  How soon would you forget?

“Most words in English that end in ION are almost identical, just pronounced differently.  For example, action is accion, education-educacion, manipulation- manipulacion, etc.”

Some more of these words:  Combination, Attrition, Education, Vacation, Petition, Lotion, Motion, Construction, Abduction, Pronunciation, Concentration and a ton of others!

Learn Spanish online $79 – using coupon code SPANISH110 at checkout to immediately save $110 off the regular price of $149

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