How to retire in Panama
Panama’s retirement program, also called visa pensionado, is very attractive. You will need to provide proof of lifetime retirement income of $1000 per month from a recognized source in Europe.
If you receive less than $1,000 but more than $750, you can buy property in Panama for at least $100,000 and your monthly pension requirement for life will be reduced to $750. This visa entitles you to a wide range of discounts on medical care (including dental and vision care), travel, utility costs, loans and more. There is no minimum or maximum age to qualify for the visa.
Mexico is another top destination for retirees, especially its Yucatan Peninsula. Considered the safest area for international retirees, the Yucatan is home to white sand beaches, fantastic wildlife, and the legendary Mayan resort of Chichen Itza.
Plus, you’ll see many familiar businesses, from Starbucks to Petco and Walmart, all over town. A centrally located one-bedroom apartment rents for about $250 per month in the city of Merida, Yucatan. Because Mexico is so close to the United States, many retirees take out insurance in the United States and pay out of pocket for occasional medical needs.