An article appeared in last months Fedsmith.com website suggesting that U.S. Federal employees might consider living outside the U.S.. FedSmith.com is an information portal for sources of information impacting the U.S. federal community. They sight a number of reasons and even mention Panama as a country who welcomes retirees with special benefits. I have met many government employees who have retired in Panama and other Latin countires. Many who have experience working abroad feel very comfortable living outside the U.S..
When you consider the size of the U.S. federal government and the number of retirees they have, makes it a ripe target to market to.
Excerpts;
You may conclude you cannot live the lifestyle you want. If so, here is an option you may not have considered for your retirement: Living outside of the United States.
There can be a number of reasons to consider living abroad in your retirement years. Typical reasons for living outside of our own country:
- a mild climate
- lower taxes
- lower cost of living
- lower medical costs
- culture change
- new challenges and experiences
- education and new perspective.
It is possible to live abroad with standards of living comparable to those in the United States. If you choose a country where the local currency is based on American dollars and the average wages are lower than in the U.S., you stand to benefit.
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