By Kathleen Peddicord
December 31, 2013 10:42 AM
If you could retire anywhere in
the world, where would you go? As we find ourselves at the beginning of a
brand new year, that's a question worth asking. The very good news is
that we are living in a time when it's not only possible, but easier
than ever to launch the retirement adventure of your fondest day dreams almost anywhere on earth that appeals to you.
Specifically,
here are the best, most comfortable, affordable, convenient and
rewarding spots worldwide for retirement in 2014. Which one is calling
your name?
1. Coronado, Panama
Monthly budget: $1,800
Monthly rent: $600
Panama
caters to foreign retirees like no other country in the world.
Day-to-day living is affordable, the approach to taxation is favorable
and property prices remain a bargain outside the capital city. The
country boasts perhaps the world's most generous incentive program for
retirees and uses the U.S. dollar as its currency, meaning no
exchange-rate risk for retirees whose retirement income is also
denominated in greenbacks.
Panama
City is being remade in real time right now thanks to a myriad of
public works projects, including the expansion of the Panama Canal.
Panama also offers some of the most advanced medical care facilities in
the region. Many Panamanian doctors are U.S.-trained, and Panama City's
hospitals are first-rate.
My
top recommendation for retirement in Panama in 2014 is Coronado, a beach
community on the country's Pacific coast about an hour outside the
capital. Life here could be comfortable, convenient and turn-key, as
this area is home to one of this country's most established communities
of foreign retirees.
For more hot retirement countries.
For vacation rentals and real estate investment.
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