🇵🇦Panama
The U.S. dollar and the world's best retiree visa
Panama uses the U.S. dollar, sits outside the hurricane belt, and offers the famous Pensionado visa with deep discounts for retirees. A practical, low-friction landing spot in the Americas.
Residency & visas
The Pensionado visa requires just $1,000/month in pension income and unlocks legendary discounts (25% off flights, 25% off restaurants, 50% off entertainment, plus medical and utility discounts).
Healthcare
Modern hospitals in Panama City affiliated with U.S. institutions (e.g. Johns Hopkins-affiliated care); high quality at low cost.
Your U.S. benefits & taxes
Uses the U.S. dollar — no currency risk. Social Security pays here; Panama generally doesn't tax foreign income. Medicare doesn't cover you abroad.
Climate
Tropical lowlands plus cooler mountain towns like Boquete. Outside the main hurricane belt.
Safety & stability
Among the more stable economies in the region; Panama City is cosmopolitan with normal urban precautions.
Welcome, community & culture
Deep Afro-Caribbean and Afro-Panamanian heritage (Colón, Bocas del Toro), English-speaking West Indian roots, and a welcoming, diverse, international population.
Getting back to family
Panama City (PTY) is a major hub with direct flights to many U.S. cities, making family visits simple.
Run your numbers first
See exactly how much income you'll need, and how to protect your Social Security before you go.
Open the calculators →