The Retire Overseas Index that my Live and Invest Overseas group published this year ranked Panama as the world's top retirement haven. I'm not alone in this idea. For the past half-dozen years at least, this country has been recognized by many as the best place on earth to think about living or retiring overseas.
Those facing Catch-55 approach the end of their careers, meaning no need to worry about a move overseas limiting your career options. So why not see if you could get an overseas assignment? I'd say all -- well, maybe nearly all -- workers could benefit from an overseas job, whether they face Catch-55 or not.
For the past decade or longer, Panama has been recognized as one of the world's top retirement havens, top offshore havens, and top tax havens. And, still, today, no question -- Panama remains one of the best places in the world to think about living or retiring overseas. However, today's Panama is a very different place from the Panama of 10 years ago.
For the potential retiree, Panama offers big and unequaled advantages. There's warm weather year-round and lots of sunshine; a low cost of living that gets lower the farther you travel outside Panama City; and a foreign-resident-friendly tax system, meaning it's possible to live and do business here 100 percent Panama tax-free.