The Tropical Game-Changer

This is quite simply the easiest money you will ever make and at the same time, allow you to have the retirement you always dreamed of…

I’m talking about retiring overseas to a legitimate tax-haven such as Panama or any other country that offers tax-free living to retirees.

Contrary to popular opinion, you don’t have to give up your citizenship to do this; the IRS lets you earn up to $78,000 a year abroad without requiring you to pay any US tax if you don’t come back to the USA for more than 30 days a year.

$78,000 a year goes a LONG way in a country like Panama! Virtually everything is cheaper and the country is an advanced nation with excellent healthcare and infrastructure.

It gets even better. Panama’s “pensionado” program is amazing and offers people who have a pension and living there 25-50% discount on everything from healthcare to transportation.

Before I tell you more, let’s think for a second just what a game-changer this single thing is in getting you across the finish line:

Not paying tax LEGALLY is like having a 50 PERCENT INCREASE IN INCOME!!
Expenses come crashing down.

In one swoop, retiring in a place like Panama achieves BOTH of the IRL objectives simultaneously! Take a serious look at this option and you may find you really can retire tomorrow from this alone.

Take a trip and see what it costs to live then come back to the IRL software and re-compute…

Panama is one of the best places in the world for retirees to retire today, it combines a low cost of living, wonderful tropical weather, and one of the best discount programs for retirees in the world. As well as picture perfect highlands, Panama has a perfect location for every taste, from a cosmopolitan capital city to palm lined beaches, cool mountain climates and tropical resorts. Unique to the region, Panama has been spared from treacherous weather conditions; earthquakes, hurricanes, and tornadoes are not common in Panama.

Not surprisingly, the May/June edition of Modern Maturity Magazine rated Boquete, Panama, the fourth best retirement destination in the world. International Living rates Panama even higher on their list as No.1. Equally important, Pinkerton Intelligence Agency as the safest place for tourism equally ranked with the US. Panama has received praise from major magazines.

Key Advantages of retiring in Panama

"Panama's Pensionado" program (incentive program for retirees), is considered one of the best in the world and is not necessarily age related. Panama has a stable democratic government.

The US Dollar is the legal tender.
US style infrastructure with a number of familiar franchises and businesses.
Residents do not pay tax on foreign earned income.
Foreigners can buy and own property in Panama with the same rights and protections as Panamanian citizens.
Tourism investments have exemptions from import duties, construction materials and equipment, income, real estate taxes, etc.
Property tax exemptions apply to all new construction on a sliding scale according to value.
English is widely spoken.
Real Estate is comparably cheap; one can expect prime location at prices 50-70% lower than in comparable US locations.
US standard health care facilities and services with many US trained English speaking doctors available
High rate for tourist safety according to Pinkerton Intelligence Agency.
Panama has a reliable and modern communication system with fibre optic telephone lines and ADSL internet in much of the country.

Healthcare

Conveniently, Panama is also ranked among the best countries in Latin America in health care. Panama offers excellent quality medical care and modern hospitals in the metropolitan areas. Many Panamanian doctors are U.S trained, and the standards at the top Panamanian hospitals compare favorably to those in the US. American private health insurance policies are accepted in most Panamanian hospitals, though private health insurance is available and much less expensive than American insurance.

Investment

To encourage long term foreign investment, Panama does not require special permits, authorization or registration to qualify investors. The 1998 Investment Stability Law protects investments of more than $ 2,000,000 for 10 years from any changes in tax, customs, municipal and labor laws.

Finances

Over 80 banks have full service branches in Panama including international banks such HSBC, Citibank, Scotiabank, Dresdner, BNP/Paribas. Panama's currency is the US Dollar, no need to worry about exchange risks or high interest rates.

"Pensionado Program"

Panama's "Pensionado program" is considered to be among the best in the world for the large array of benefits it offers. Some of the key benefits are:

Import tax exemption for household goods

Tax exemption to import a new car every two years

25% discounts on utility bills
25% discount on airline tickets
30% discount on bus, boat and train fares
1% reduction on home mortgages for homes used for personal residence
20% discount on doctor's bills and 15% on hospital services if no insurance applies
15% off on dental and eye exams
10% discount on medicines
20% discount on bills for technical and professional services
25% off restaurant meals
15% off at fast food restaurants
50% discount on entrance to movie theatres, concerts, cultural and sporting events
50% discount at hotels from Monday to Thursday, 30% on weekends

Probably the most attractive aspect of Panama's Pensionado program is that to apply for the program the applicant does not necessarily have to be retired to qualify. Actually, anyone over the age of eighteen may apply; all that is required is a guaranteed pension (from a government agency or a private company) of only $500 per person, $600 for a couple, a clean police record from the country where the applicant resides and a health certificate from a Panamanian doctor. The visa process for the Pensionado program is extremely easy, simple and expedient. It is a one time application with no renewals or additional fees.