Retire to Panama ? what do we think
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
- Will we Retire to Panama ? and a very special shout-out
What do we think ? here is our thoughts on this topic.
We share what we learned while we were in Playa Coronado, Panama and Panama City in 2024
or will we just snowbird to Panama ?
If you are considering this yourself, we have a recommendation near the end of this video and we strongly recommend you investing the facts for yourself.
We also have a very special "shout-out" near the end of this video for a channel that I have followed for may years and we had the great opportunity to meet them while we were in Panama
Adriano and Erica !!!
/ @passiveincomeinvesting
passiveincomeinvesting.ca/
@PassiveIncomeInvesting
Here is a link to Erica's Travel Guide
passiveincomeinvesting.ca/pan...
Chapters
00:00 - Retire to Panama ? what do we think
00:51 - Panama visas
02:49 - Cost of Living
04:14 - Safety and Security
04:56 - Transportation
05:43 - Medical dental
06:30 - What is there to do in Playa Coronado
07:25 - Shout out - Adriano and Erica from Passive Income Investing
08:19 - Pros and cons of retiring to Panama
09:38 - What will we do ?
SHHH Moto Travels - Season 7
Snowbirds ? - travelling in retirement...this series we travel looking for places where we can snowbird in the future
Retirement travelers
Our TH-cam channel and the videos created for this channel is for entertainment purposes and the opinions given are those based from research articles readily available through public access.
This channel is my new hobby in retirement.....come travel with us !!
#retiretopanama #playacoronado #wheretoretire
Hi Guys, thank you so much for your great video. We are born in Germany but for the last 45 years we lived a bit around the world on different continents and ended up here in Australia for the past 25 years, far tooooo long. So, now it"s time to have a change and we are coming in two months to explore Panama although we are no longer the youngest fellows on earth but perfectly healthy, bilingual and keen to enter a new culture for our last nest to settle down. Muchas gracias.....
Wow A world of knowledge !!
Our son just spent 3 years in Australia so we went twice to see his and explore that place.
We really like Panamá. It’s an easy place to be and seniors, Jubliados, are treated very well there !!!
Enjoy your time there ! Hope you have a great experience
Cheers !!!
Great that you got to meet up with some of your favorite TH-camrs!
Only a couple of them were there… the rest I may see this summer !!! 😉
We considered Panama before settling on Ecuador. Retiring here is the best move we ever made! Good luck!
How is Ecuador !!?? We e have thought about that country and we would love to go there. Wasn’t in the cards for this trip.
Thanks for watching and for the comment.
Cheers
@@SHHHMotoTravels we love it. The weather is very nice year round, we’re on the U.S. dollar so no currency exchange, and the cost of living is lower than Panama or Costa Rica.
@@rvdareyet7201 - that sounds awesome … now we have to go there. Would you recommend near the ocean or in Quito ?
@@SHHHMotoTravels we are on the coast, in Manta, but the largest expat group is in Cuenca. The narco problems are along the coast, not in the Sierra.
@@rvdareyet7201 - Thanks !
Absolutely Love This Fam!!! Great share. 🤙🏾🙏🏾
Thanks for watching! Loved this place
Great aerial footage fam
It always feels good to get back on your bike!
For sure !!!
Let’s Go!!!! Hope all is well fam.
Thanks for asking… all is great !
Hope you and your family are doing well !!!
Very informative to hear your impressions Thank you.
Thanks !!! Back to some local content in a few more weeks !! so glad to be back on two wheels again...Cheers
Wow! Good to hear that groceries or reasonable and that the cost of living is comparable for you guys and even better for Americans.
This is super informative and cool. Never been but it’s been on the bucket list since high school.
We were really impressed with Panama.
@@SHHHMotoTravels you guys have inspired me to travel internationally. Working for the airlines for 6 years and have yet to go overseas. 🤦🏽♂️
Interesting info on visa
Nice to have dependable weather in Panama, in Canada it fluctuates a lot. Panamanians are happy, Canadians are only in a hurry and highly stressed
We have noticed the same thing.
The local Panamanians were so friendly and open to share.
We felt very welcome there.
Great information and video you guys. Glad your home safe. We've been on the same "enjoy the rest of your life safe n comfortable" for a couple of years. Interesting your traveling is places we've been. Excellent insights. Tempting, " but we still haven't found what we're lookin for." Thank you both for sharing your experiences and laughter. 💯 👍 🇨🇦
Thanks for following along !!!
Kinda the same here , still haven’t found what we’re looking for!!! Trying 6 more countries next winter but for now…. Time to enjoy home !!
Actually we are behind in videos so still 2 more countries to come.
Cheers
Panama sounds amazing
You two are great at doing travel reviews yourselves. i have been enjoying all you videos, cheers Dave
Thanks so much for your kind words !!!
THANKS YOU TWO FOR YOUR ADVENTURES AND THOUGHTS FROM A FELLOW BCer!!!!
thanks so much for watching !!! and for your comment...fellow BCer...!
Very informative once again! We are considering the retirement move!❤
That’s what we are doing. Travelling around to find a place that’s good for us !!!
There is no requirement to GO if you have a pensionado visa. We've lived here 2 years and have never left. We love Volcan, Panama, where we live. We feel more secure here than in the U.S. We don't have a car and use a taxi. If you need surgery like I did without insurance you have to go to the community hospital. It's not like an American hospital, but you will get your treatment for very little money. The better hospital is too expensive to go to without insurance. We have regular trash pick up at our rental home, sadly our neighbors burn things fairly often.
Thank you for your comment !!
Love to hear experiences from people that are currently living in Panama
Hard to trust what you read sometimes online.
We really loved our expert in Panama and I agree with you, we felt so comfortable and secure.
Thanks for watching and for your comment !!
Have a great week.
Interesting thoughts and perspective. Guess it’s good to be home though and back on your bike. Have fun looking around until you decide. 😂
I think we may be better Flexpats than expats. Haha. These Rolling Stones don’t grow any moss.
Thanks for you comment and for following along
Well now... that is really interesting information! My head is spinning.. and not like in The Exorcist!! Lol! Great video as usual.. tx!!
and I forgot to mention, no taxes on foreign income, only taxed on income made in Panama.
That sounds great! I love these reviews of countries and places you're considering retiring to, even if I'm decades away from it myself :D
Thanks for the feedback buddy. You might be surprised how quick that next stage may come !!! Time flies when you look back.
@@SHHHMotoTravels Yeah, every year it seems like I'm older and older ;) I wonder where my youth went!
@@RoadReality your telling me !!! LOL
I'm with Lucinda on the pros of being able to be outside! I'm watching this video outside lol
100% agree ! Indoors if for rainy days.
Great review and tips my friends ! Is Portugal on your list ? I heard it is another great option
I have heard that also !! Maybe we need to add that place to our list here.
As a Canadian expat living full time in Coronado I am glad you enjoyed the area. If you seen an Africa twin riding around town that was me 😆.
Awesome !!!
I look around to find a place to rent a bike but could t find one there.
If we come down as snowbirds or retire there , I will have a bike for sure !!!
Thanks for watching
Cheers
Wow! Cabs are inexpensive there!
6 more countries...wow!
Smokey vs Canada with high taxation, heating bills and the list rolls on 😢. I’ll handle a bit of occasional smoke. Of course higher in the mountains you don’t get that and you don’t need heat or air conditioning.
Yes, that is true. There are a lot of small towns to investigate in Panama.
Cheers !
Medical procedures cheaper than the actual insurance...wow!
I have a friend that is more looking at Coronado vs the Playa. He has told me about the pensionado visa as well. I expect him to be there with his family within the year. I think we will end up visiting them in the winter 2026.
We sure like that area. Was real easy place to be.
Maybe First 😊
Thank you guys, great video. We are doing the same, currently in Spain since Dec last year, by the end of this month back to T.O for a month and then to the Dominican Republic for August, Panama in September and October, and then to Miami to board a cruise to Argentina and stay there until March 2025.
Would you recommend to arrange an Airbnb for the two months in Panama?
Thanks for the arching and for the comment.
What part of Panama are you going to ?
There are let’s of Airbnb’s to chose from. The one we had in Playa Coronado wasn’t the best … kinda hit and miss when chowing one as reviews aren’t always accurate.
A building we were impressed with in Playa Coronado was Coronado Bay. We didn’t stay there but took a tour of the building and wished we did stay there.
Panama City has lots to chose from. Just make sure what district you stay in. … Sorry I can’t remember the name of the area to avoid
We did love Panama !! and want to go back
Sounds like you’re on a great path. Only been to Spain once and it was only for a week. Need to go back one day.
Hope that helps.
Well I grew up in the Canal Zone...loved it ❤
But someone gave my home away 😢
Wow ! That really sucks to lose something g you loved.
Sure is a comfortable country compared to many others
That permanent visa sounds pretty easy to get
One of the easiest we have discovered so far.
Yoga?? I’m in. Lol
Hello glad your back in B.C. .But what about flipping the coin do you own a house in BC or do you rent that is a big factor too and that is where your motorcycle is as well lots of other things when you flip the coin 🤔But still ❤️ your adventures 2 side's to the Looney coin 😊
Haha. Ya, there’s an idea !!!
We just rent here… too much of the world we want to see so we aren’t tied to responsible of ownership anymore.
Another issue I would be researching is dealing with dual, or in my case, triple taxation, and how to handle foreign taxes on tax returns, you know, everybody's favourite subject... incone tax 🤪😵💫😆
Good point, I should have added the tax benefit in Panama..."Tax benefits: Panama only taxes income sourced from within the country - any foreign-sourced income is exempt."
@@SHHHMotoTravels 🤸♂️😁👍
@@SHHHMotoTravels that's the same with Ecuador. The U.S. taxes you anywhere you go in the world, as long as you carry a U.S. passport.
"5 REASONS TO GET PANAMÁ RESIDE NCY!! ( VIDEOS)😊 🙋👍🇵🇦❤️👈"
👍
I just wanna be by some kind of body of water 😭
I agree with you totally. Love being by the water. Something calming about it
Don’t be stuck in Canada paying heating bills and carbon taxes. Add high inflation and Canada is unaffordable for many. Canada is currently so poorly managed that the negatives outweigh any positive 😮 Panama has better roads 😂
What a Great couple, enjoyed your video, safe travels
I admire your journey, trying to talk my wife, into it, either Panama or Mexico, any tips to bribe the wife, we can afford anything, what I save in property taxes and hoa fees-I could live like a king there-Have Fun Guys
Thanks for watching !! and for the comment.
The best thing that we do is, we plan a vacation to a place to see it in person, as the time goes by during the vacation we talk about the possibilities of being a “snowbird” in these places. That leads us to the thoughts of living in different places.
Cost is definitely a big factor.
Mexico is becoming very expensive, which really surprises us. But Panama is beautiful and very reasonable for prices
I piece of advice we give people when they ask is, you both have to be on the same page to have it work.
Goes for travelling full time, snowbirding and or retiring somewhere else
Cheers !!