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Where to retire in Panama or Costa Rica?

       


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Stanford


I am looking to retire in Panama or Costa Rica and cannot make up my mind.
13     In Panama

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Elias

"Costa rica is more expensive to live in..."



Both countries are wonderful for retirees, but depending on how much money you have, you might want to consider Panama. There is an incentives program for retirees, that allows them to import their household goods up to $10,000 duty-free, as well as a car, and retirees get a lot of discounts on air travel, health care, restaurants, entertainment etc. To get a retiree (pensionado) visa you only need to show proof of $1000 monthly pension income, plus $250 for dependents. Costa Rica is more expensive to live in, property prices are higher, and they don`t have the same retiree visa program. Of course in Costa Rica you can live as a `permanent tourist` as long as you leave the country every 3 months.


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Votes: 0.0
 

Arianna

"The cost of living is far cheaper than costa rica..."



Panama is far better to retire, if you can prove your income meets the $1000/month requirement. The cost of living is far cheaper than Costa RIca, real estate is more affordable, and there are lots of discounts for retirees. Panama City is more modern than San Jose and cheaper to fly to from more destinations. The hospital care in Panama is better, roads are better - Costa Rica`s roads are a disaster. Hands down Panama is the better choice.


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Q. Where to retire, panama, costa rica or uruguay?
i'd like to get the most from my retirement savings. i can do that by retiring to a "low cost of living" yet modern country. panama, costa rica and uruguay all fit that description. i'm a us citizen and speak fluent spanish. give me serious input please.


"Costa rica is not that cheap especially if you are buying a home..."



You should go look. But, Costa Rica is not that cheap especially if you are buying a home. Uraguay and Panama are very nice too. Good medical options in any of the three. Cannot use Medicare outside the US however so be careful. Costa Rica has a very stable political climate and very low taxes. I have done a small amount of research and there is quite a few Americans living in any of the three. If it was me at this time.... I would have to go with CR.


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Q. Where is it better to retire? panama or costa rica?


"Panama..."



Panama, more beautiful country, nicer people, less tourists, dollar, more English spoken, wealthiest central american country, further away from the hurricanes, more cosmopolitan, better roads



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Q. Which is abetter place to retire in? panama or costa rica?
we will be living very simply. we would want a very small home not far from the beach.but not far from shopping areas etc.pacific side. i here that it has nicer beaches and weather. explaain your answer please


"Their dollar goes a little further in panama as the cost of living and..."



you need to talk to a good immigration lawyer before you consider moving to either place. Costa Rica, wher I currently reside will be changing its residency laws drastically as of March 2010. I know thatthe laws will be changing for rentistas, and could possibly also affect pensionistas. I have friends who recently moved from CR to Panama, also foriegners because they were unable to secure residency and found teh legal hassles impossible. They also found that their dollar goes a little further in panama as the cost of living and property is still less expensive there. I personally prefer CR for the biodiversity. If you are looking for an inexpensive welcoming beach community, you may find you´ve already been priced out of CR and that Panama is the better option.


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Q. Have you ever been to panama or costa rica?
i am thinking of moving to panama or costa rica, do you know of information on either of those as far as buying land and retiring? do they hate americans? i do speak some spanish. i am considering buying land and retiring. i'm certain that i would always want to have enough cash, so i could leave should problems arise


"Someone who is considering panama as a retirement destination is to come on down..."



There are a lot of people retiring in Panama right now. The country makes it easy to apply and qualify for a "pensionado" visa. The US military bases closed in 1999, and now most Panamanians welcome foreigners with open arms because they know they are generally here to invest money, buy property, and consume goods and services. It's good that you speak a little Spanish, and you'll be surprised how quickly you pick it up once you are immersed in the culture and language. The best advice I can give someone who is considering Panama as a retirement destination is to come on down and check it out for awhile. You can stay for 90 days on a tourist visa and try out Panama City, the beaches, the mountains, and areas like the Azuero peninsula, David and Boquete, as well as Bocas del Toro and the Atlantic side. Rent before you buy to make sure you like the area you've chosen to live. And as far as a "quick bail out is concerned" that's really not a problem. If you ever get tired of Panama you can just sell everything and fly home. I've been living here for 20 years, and I love it. It's getting better every day. If you want more information about Panama, check out http://www.panama-guide.com, where you will find more than 4,000 articles about Panama in English in an easily searchable database. Hope this helps. Salud.


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Q. Which country is less expensive to live in: costa rica? panama? or ecuador?
my wife live in the u,s,,want to learn spanish and move to a latin country where we can retire. we'll have a very limited income.


"Is defendant the best place to retire..."



Costa Rica. Is defendant the best place to retire. I have been there it is so cheap and the people there are so nice!.



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Q. Panama or costa rica?
we are young retired couple trying to relocate to latin america. need advice on what is preferable panama or costa rica regarding cost of living etc. thanks!


"Then place your question in each country section..."



Your question implies that there is people who knows about both places and that is gonna be a few only. Try making a list asking for prices of several things like gas, land, health, electricity/phone/Internet bills and so on, then place your question in each country section, not in General Section and I am sure you are going to find answers to your main concerns about each country!!



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Q. In your opinion where is the best place in the world to retire?
we would like no cold weather and no or very little taxes. we were thinking perhaps, panama, costa rica, ecuador, south africa or mexico.


the best place for me is definitely my room



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Q. Central americans, what do you think of all the retirees moving down there?
a lot of americans and canadians move to panama and costa rica when they retire.


"Costa rica’s most disadvantaged areas have developed..."



NOT BECAUSE OF THIS PLACE WITH NO FUTURE. NICARAGUA IS THE ONE PLACE IN THE WORLD WITH NO FUTURE IF EL SALVADOR HAD NO FUTURE THE THOSE STUP!D DUMB@SS GOOD GOR NOTHING NICARAGUANS WOULDN'T BE MOVING THERE WOULD THEY? Nicaragua exports its poor To desperate Nicaraguans, the prosperity of neighbouring Costa Rica makes it seem an accessible El Dorado. They can enter its labour market just by boarding a bus. But Costa Rica can barely cope with the influx. By Raphaëlle Bail THEY waited at the intersection of two alleyways, as they do late every Monday afternoon. The entire population of the village of Santa Rosa del Peñon, in northern Nicaragua — the old, along with women and children — hoped for news from Costa Rica. When the post office truck raced up in a cloud of dust, there was a rush to grab a letter, an envelope containing banknotes, even perhaps a small refrigerator. Santa Rosa’s émigrés help their families from across the border. The village survives on remesas (remittances), between $10 and $100 a month to buy food, schoolbooks and medicine, or to repay loans. Since Nicaragua cut its public services, the costs of education and health have weighed heavily on a population unable to afford them. Despite a steady inflow of dollars, Santa Rosa just about survives and is grateful to do so. Although traditionally dependent on agriculture, the region now produces almost nothing. “We grow enough to feed ourselves,” said Julio Antonio Niño, standing at the centre of his weed-infested fields. “What’s the point of doing any more? I can’t afford to build a well or an irrigation system: credit is too expensive at 40% interest and the banks will only lend to major landowners with solid collateral.” Nicaragua’s small farmers all say the same. The crisis that followed the collapse in 2000 of coffee prices on the international market has made the situation worse. Half the population lives in rural areas, so the previous government’s official line was that it cared about farmers. In practice its economic policies concentrated on opening frontiers, competing internationally on the agricultural export market and attracting foreign investment in the free zones; outgoing president Enrique Bolaños claimed these created thousands of jobs. Niño’s response to this programme was to say: “Sure, some women from the village went off to work in the textile maquilas [factories carrying out subcontracted work]. It’s better than nothing, but the wages are half what you can earn in Costa Rica.” It is estimated that one in five from Santa Rosa has emigrated to Costa Rica. Half a million Nicaraguans are thought to be living on the other side of the San Juan, the river that marks the frontier, and another 300,000 are scattered elsewhere, in total some 14% of the population. For destitute campesinos (farmers), Costa Rica is the obvious destination, just a few hours away by bus. Until recently no visa at all was required and even now it costs only $10 to enter the country legally. Many Nicaraguans have abandoned their original trades to work as peons on Costa Rica’s banana, coffee, pineapple, sugar and orange plantations: Costa Rica has been successful in diversifying its labour-intensive agricultural industry. “Starting in January I pick coffee, then I move on to other crops,” explained Niño who, exhausted by the difficulty of working the land at Santa Rosa, crosses the border illegally every year. “Then, like other people around here, I come back to sow frijol (beans). I make at least twice what I could hope to earn in Nicaragua.” Historically, Nicaraguans have always used their southern neighbour as a refuge during periods of violence, such as the dictatorship of Anastasio Somoza or the war of the 1980s. But since the 1990s migration has been driven by the struggle for economic survival. After the fighting ended, demobilisation left thousands of soldiers and counter-revolutionaries on the loose, with no resources or future, in a country whose economy was unable to integrate them. At the time, the Nicaraguan government’s priority was to privatise and reduce public spending. Costa Rica, which has impressive economic growth and a remarkably well-developed welfare state for Central America, seemed an accessible El Dorado. An accessible Eldorado “Emigration served the government’s interests,” said Martha Cranshaw of RNSCM, an NGO supporting migrants and their families. “It relieves the pressure created by unemployment. But we are beginning to understand its real impact upon our country.” This analysis is not always popular. The International Organisation for Migration (IOM) and the United Nations are banking on remittances to relaunch growth; but investigations on the ground in Nicaragua show that the $900m sent home every year by émigrés, which is more than the country exports, mostly serve to make the day-to-day existence of an exhausted population just bearable (1). As Cranshaw pointed out, the RNSCM has also noticed another, less immediately quantifiable, story: “We are becoming aware of the thousands of individual tragedies represented by the emigration of a family’s father or mother. Collectively, this phenomenon is having a huge impact upon Nicaraguan society.” Fragmented families, children brought up by sometimes-absent grandparents, missing father and mother figures, children dropping out of school: what sort of society is Nicaragua creating? In Santa Rosa, a grandfather whose son and daughter-in-law have left but did not take their children said: “My wife and I are bringing our grandchildren up, but there’s often a lot of tension with them and we worry a great deal about our son, who is in Costa Rica illegally. Sometimes I think there has to be another way. It’s too risky, for us and for them.” A negative value It is easy to spot the Nicaraguans in the Costa Rican capital, San José. Their skin and hair seem darker and they always carry a rucksack containing overalls or a change of clothes. The men work in construction or as security guards, the women as domestic servants. Most of the seasonal workers, and many of those who have been here for several years, have no papers. Only half the “Nicas” in Costa Rica are there legally. Almost all have experienced the harsh working conditions on plantations. Most of the 4.3 million “Ticas” (Costa Ricans) regard the Nicas primarily as an unwanted 10% of the population. “Costa Ricans see Nicaraguans as a negative value,” said Carlos Sandoval, a sociologist at San José university. He argued that Costa Ricans construct their identity around powerful ideas: the paleness of their skin, which is unusual in Central America (and is the result of the fact that there were only a few indigenous inhabitants when the conquistadores arrived); the stability of a democracy that has experienced little violence; and the success of an economy and a welfare state unique in the region. Costa Rica and its neighbours describe it as “the Switzerland of Central America”. Its ecotourist-friendly beaches and jungles, its relaxed way of life attract prosperous foreign tourists in numbers its neighbours can only dream about. From this perspective, Nicaragua, with its wars and chronic instability, seems an immature country condemned to poverty. In Costa Rica, the dark-skinned immigrants are often described as violent, ignorant and untrustworthy, as thieves and alcoholics. “No seas Nica” (“don’t be an idiot”) is a common insult. This latent xenophobia, and correspondingly strong anti-Costa Rican feelings in Nicaragua, rises to the surface each time the perennial conflict over navigation rights on the San Juan river turns nasty. But the countries manage to get along, or at least they used to. Open season Relations have deteriorated since the end of 2005 when Costa Rica responded to the flood of immigrants by passing new legislation in imitation of the United States. Costa Rica’s new president, the 1987 Nobel peace prizewinner Oscar Arias, is not a member of the party that introduced the new law. He described it as draconian and suggested that it could transform the immigration police into a Gestapo. The legislation, like that currently being debated in the US, would create new barriers to legal immigration and declare open season on illegal immigrants and those who house or employ them. To be genuinely effective, these measures require human and financial resources that Costa Rica does not possess. It is possible to see this legislation as a token response to the anger of Costa Ricans, which has reached fever pitch. One night in November 2005 the owner of a workshop 30km outside San José set his two rottweiler dogs on a young Nicaraguan who was thought to be breaking in. The police were called, but just watched as the dogs killed the man. Film of the incident led the television news, and Costa Rica’s first hate crime worsened tension between the countries. Several months later, amid the bright flowerbeds of La Merced park, where San José’s Nicaraguans meet every day, a young immigrant told me: “What happened that day really scared us. We were used to racism, but to die like that, it’s too horrible. People in Nicaragua are afraid too. One of my cousins has decided to go to El Salvador instead: it’s less dangerous and she doesn’t need a visa.” The speaker was 28 and has been in Costa Rica illegally for five years. He does building work in the provinces and comes to see his wife and son in San José every weekend. Like many others, he is happy to have a son born here: “That way, he has Costa Rican nationality.” The other Nicas ate national dishes they had prepared and explained their anxieties: “Given the law, we’d all like to have legal status. Until now, it didn’t worry us that much. We don’t have any papers in Nicaragua and it suits everyone here for us to work off the books.” Costa Rica’s major employers have recently become concerned that the economic climate and a shortage of manpower in El Salvador (see El Salvador’s migrants) have reduced the flow of immigration from Nicaragua. In August 2006 the Costa Rican Exporters’ Chamber complained that the labour shortage could reduce national exports by 15%, even 25% in the agricultural sector. Unusually for Central America, the Costa Rican economy has developed secondary and tertiary sectors and has been particularly successful in ecotourism. But it continues to rely significantly upon agriculture; it is the world’s second exporter of bananas and is a major coffee producer. It has also developed niche markets including flowers and melons. Nicaraguan workers are essential, and in the banana region of Sarapiqui are more than 40% of the workforce. Many economists argue that they are, and will continue to be, a crucial adjustment variable as the economy is seriously transformed. Nicaraguan workers have benefited Costa Rica’s leading agricultural exporters in international markets, by keeping production costs down. Although less qualified, they have displaced Costa Ricans in agriculture and construction. By providing an army of domestic workers they have allowed Costa Rican women to enter the labour market. A controlled relationship Oscar Alfaro created a transport company that now operates throughout Central America and is a member of a leading employers’ organisation. He said: “Costa Ricans must understand that we need Nicaraguans. Our immigration policy is based more upon a philosophy of security than upon economic realism, to say nothing of the fact that it goes against the most basic principles of solidarity. There will always be a close relationship between our countries.” He recalled that after Hurricane Mitch tore through Nicaragua in October 1998, Costa Rica granted legal status to 152,000 immigrants, but echoed an opinion widely shared in Costa Rica: “This relationship must be controlled. We must keep out illegal immigrants who are exploiting our health and education systems without making any financial contribution.” He did not mention that businesses who employ illegal workers also fail to contribute. The government has outlined the social costs of this flood of immigration into a small country. Costa Rica, accused by Nicaragua of xenophobia before the Inter-American Court of Human Rights (2), insisted its health insurance system met the cost of emergencies, pregnancies and births whatever the nationality of the patient. It also pointed out that primary education was free to all. “All this in a developing country with an immigration rate higher than that of developed countries: 110 per 1,000 head of population, almost the same as Luxembourg, which has the highest per capita gross domestic product in the world.” According to Sandoval, Costa Rica suffers from a contradiction: it needs immigration to sustain its economy and population, but is unable to deal with the social consequences. “Cultural differences are part of the problem, but it is significant that resentment of Nicas intensified during the crisis of the 1990s, especially among the most seriously affected sectors of the population.” Mutual mistrust Costa Rica has attempted to emulate the European social model, with its emphasis on redistribution and public investment (3). But during the 1980s it embraced neoliberalism and cut public investment in education, health and social housing. The lower middle classes suffered most from falling living standards. “The most xenophobic section of the population is the one that has lost most,” said Sandoval. “We like to think of ourselves as an exception, but we feel that things are getting worse and we blame immigrants without looking at the way in which our social model has been weakened by economic policies.” In 1999 universal public funding to educate the poorest was questioned when some authorities excluded foreigners. Costa Rica, worried about its future like some developed countries, has gradually learned to distinguish nationals from aliens. Guarariri, a shantytown on the edge of San José, is overshadowed by a gleaming shopping centre from which a stream of waste water flows between houses crammed on top of each other. Several thousand immigrants live here. At first glance it looks like part of Nicaragua, but most of its inhabitants have a job and every house has water and electricity. Life is better here than back home. Guarariri is poor and filthy, and drug dealers sometimes use it as a hideout, yet despite its bad reputation, hundreds of Costa Rican families that have fallen on hard times choose to live here. Most of its inhabitants insist that since they all find themselves in the same situation, racism is not a problem. Costa Rica’s most disadvantaged areas have developed schemes for Nicas and Ticas to live better side by side. “These are useful initiatives,” Sandoval said, “because they disprove the myths about Nicaraguans, for example the idea that they steal jobs. The truth is that they are prepared to do work that Costa Ricans refuse.” Information campaigns to promote intercommunity relations can only do so much. Although unemployment remains at the acceptable level of 6.5%, observers are concerned about the possible effects of any increase. Could this developing country maintain its fragile equilibrium if nationals and foreigners had to compete more fiercely for jobs? The already tense situation in Guarariri, La Merced park and the plantations along the East coast could get out of control. http://mondediplo.com/2007/01/12nicaragua Friday, October 5, 2007 : More than six months have passed since the inauguration of the new “21st Century Sandinista” government of Nicaragua last January. Jubilant celebrations of that event expressed the excitement of hundreds of thousands of Sandinista supporters. New hopes for an escape from the hell of neoliberal catastrophes breezed across our country’s mountains, volcanoes, valleys, and lakes, from the large cities to the remote hinterlands and coasts. The FSLN leadership had used the election campaign to assure the country (and Washington) that no second edition of the 1979 revolution would take place. Even so, many wanted to believe that the new government would signal a return to the inspiring days and social advances of the revolution. What does the first six-month performance of the new government tell us about the relationship between reality and such hopes? The Ortega government inherited a nearly "Africanized" country. Nicaragua is second only to Haiti as the poorest country in the hemisphere. Almost 80% percent of the population lives on less than US$2 a day, and over half of them on less then US$1 a day. The health and educational systems have been hollowed out. Over the previous 17 years a million or more Nicaraguans have gone into economic exile (mostly to Costa Rica, El Salvador, and the United States). The country now depends on family remittances and foreign aid to stay afloat. Lights out The privatized national electrical system has been bled dry and brought to near collapse — especially its generating capacity. In 2006 severe power cuts were imposed across the country. The new government alleviated the problem for a time, relying on donated generator plants from Cuba and Venezuela. But more breakdowns in the system soon forced a return to long power cuts, from five to 10 hours daily in both rural and urban areas. This has created havoc in the economy, especially the retail sector, the health system, and people’s daily lives. http://www.indybay.org/newsitems/2007/10/05/18451877.php


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Q. Looking for opinions on moving from san fransisco to panama?
i'm considering selling my house and moving to panama or costa rica. i'd walk away from here with about $400k and would like to live near a nice beach community and semi retire. i'm 45.


"Where many americans and europeans are living right now..."



Bocas del TOro in Panama...It is a partially touristical place, where many americans and europeans are living right now. check that Option...



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Q. We are thinking of retiring to panama or central america in 5 years or so--anyone had any experience in this??
we are 60 and 50 respectively, very artistic and have an abiding love of nature. i am hoping to make some contacts with the retired expatriate community in central america, costa rica or mostly panama before we go to visit. if you have been there yourself, or know anyone personally or know how i can contact such a group, i'd love to hear more about your experiences, both the good and the not so good! thanks for participating.!


"Panama is a great place for retirement..."



Panama is a great place for retirement. You can choose from the city which is very cosmopolitan with a wide variety of fine cuisine, you can go to the highlands, where it is nice and charming and the weather is just right. In The highlands there is a small town called Boquete. Boquete is the favorite place for retirees, there are a few well developed retirement communities, but also you might find that retirees are all over the place. Boquete is also renown for it's world class coffee and you might find the very best. There is a place called El Valle, similar to boquete, no coffee but close to Panama city and the Pacific ocean beaches. If you are into the ocean there are a lot of developments in a place called Playa Blanca and Coronado. The Atlantic beaches are more secluded but very beautiful with Crystal clear water and wonderful seafood. Medical services are excellent in Panama City, many private hospitals including the new Johns Hopkins hospital. In general Panama city is the new retiree favorite and it is making a lot of buzz.



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