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Annapolis, MD (PRWEB) April 15, 2008 -- The Six Best Overseas
Retirement Havens For 2008-- Where To Retire Well On Less Than $1,500 A
Month
The cost of quality retirement living options in the United States has
risen well beyond the budget of the average would-be retiree. The
current meltdown in U.S. housing costs doesn't change this fact. Most
Americans are worried they'll never be able to afford to chase their
retirement dreams.
The answer is to think outside the box--the box being the United
States. This isn't a new idea, but it's truer and truer, as
ever-increasing numbers of Americans consider leaving the States in
search of a quality retirement lifestyle they can afford.
Once you expand your retirement options to include those outside this
country, you realize you can enjoy a rich and satisfying life even on a
modest budget. Specifically, the editors of Live and Invest Overseas
have identified six overseas havens where you could retire and live
well on $1,500 a month or less:
Panama--Still the World's Number-one Overseas Retirement Option
Panama caters for foreign retirees like no other country in the world.
Day-to-day living is affordable, taxes are low, property prices remain
reasonable (even qualifying as cheap outside the capital city), and,
best of all, Panama offers one of the world's most generous retirement
incentive programs, including retiree discounts of up to 50% on
everything from restaurants, hotels, and in-country airfares to
prescription medicines and closing costs on a home loan.
Panama is the best choice if you seeking a place where you'll enjoy the
same comforts you're accustomed to in the U.S.--plus additional
luxuries you'd never be able to afford back home.
As "the gateway to the Americas,'' Panama's geographic position makes
it an important hub for international business and travel. While other
Latin American countries depend heavily on the U.S. economy, this is
not the case with Panama, which is showing no signs of slowdown despite
the emerging recession in the States. Panama stands on its own legs,
with the fastest-growing economy in the region (expanded by 10% in 2007
and expected to grow by nearly the same rate in 2008) and a thriving
international banking industry.
The infrastructure in and around Panama City is the best in the region,
without question, and being expanded and improved to try to keep pace
with current growth. The Panama Canal Expansion Project, which will
double the Canal's capacity, alone could generate enough wealth to
transform Panama into a First World country.
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Panama 
