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Know why Panama is the world's best place to retire (watch pics)

New Delhi: Panama is the best place in the world to retire, according to InternationalLiving.com's 2014 annual Global Retirement Index.It is an ideal place to retire with its stunning beaches, glorious mountain-side villages and cosmopolitan

India TV News Desk Published : Jan 22, 2014 16:22 IST, Updated : Jul 14, 2014 8:01 IST


Panama is a particularly attractive destination for retirees moving from the US, as the American dollar is the official currency and English is widely understood.

But the Central American nation stands out most of all for its pensioner residence program.



In addition to offering discounts on real estate loans, entertainment and medical expenses for pensioners, the program simplifies the immigration process for them.

Swaying palms, sultry tropical weather and a low cost of living are just a few of the reasons why Panama is an ideal place for retirees.



The Pensionado or pensioner residence program actually put Panama on the map as a retirement destination in the first place.

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