Intersting article from the Wall Street Journal on retiring abroad. Some Panama examples are given.
By JEFF D. OPDYKE
February 5, 2008; Page D1
By JEFF D. OPDYKE
February 5, 2008; Page D1
As the first wave of baby boomers hits retirement age, life overseas beckons. But be warned: Retiring abroad can have its logistical headaches.
Many of today's graying expatriates are heading permanently offshore to stretch their nest egg. Jon and Gretchen Nickel, formerly of Portland, Ore., settled in Panama, where they say they can live like the rich without needing a big bankroll. Lee Harrison and Julie Lowrey, from Vermont, moved to Uruguay because the lower living costs allowed them to retire years early. Other expat retirees are seeking foreign adventure, cultural experiences and exotic travel, without having to board an airplane.
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