22 Thrifty Retirement Spots with Affordable Options for Senior Bliss

5. Panama: Perks, Pacific & a Dollarized Paradise for Retirees

Panama shines with its renowned "Pensionado" visa, offering foreign retirees substantial discounts on a wide array of services – from travel and entertainment to healthcare and utilities – a truly ingenious financial perk. Operating on the US dollar eliminates currency exchange hassles. Enjoy modern amenities in cosmopolitan Panama City, serene beaches on either the Pacific or Caribbean coasts, or cooler mountain retreats like Boquete, known for its coffee and flowers. Quality healthcare is accessible and more affordable than many Western countries, making Panama a unique blend of convenience, tropical adventure, and significant financial benefits.