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Kiplinger
Kiplinger
Business
Brian O'Connell

Retirees Can Live Comfortably for Under $2,000 a Month in This Charming Country

Aerial view of a mature couple carrying a surfboard along the water's edge in Panama.

Panama may not be at the top of most retirees' favorite destinations. However, Americans searching for a retirement port of call should look closer at the Latin American country that serves as a “crossroads of culture” connecting North America to South America.

Why Panama? First, its track record is excellent; a survey by Expat Insider found that Panama was the most popular country among expats for a second year in a row. Second, travel and retirement experts point to this country's unique geographical setting. At its narrowest point, the Isthmus of Panama separates the Pacific Ocean from the Caribbean Sea. Yet Panama connects more than it separates, and it's more than happy to welcome American retirees.

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