LA Times Hot for Boquete Panama

The LATimes.com Business News recently posted an article praising the benefits of retiring to Boquete Panama. Although there are some inaccuracies overall the post creates a positive and clear picture of this beautiful Panama town which was bestowed the honour of being ranked the Best place to retire in the western hemisphere by AARP's Modern Maturity magazine.

A friendly town among the hills

By Chris Kraul, Los Angeles Times Staff Writer
October 21, 2007

Excerpt -
For expatriate retirees, Panama offers big discounts on plane fares and hotels, good healthcare and shopping. All foreign income -- such as U.S. pension benefits or Social Security -- is exempt from tax. And for Americans, financial matters are simplified because Panama uses the U.S. dollar as its currency. The atmosphere is friendly and more pro-American than many other Central American countries.

"The cost of living is much lower and the roads much better than places like Costa Rica," said Shirley Bynum, a former Huntington Beach resident who moved here two years ago from Gracia, Costa Rica, after she was robbed. "And the tax system is more favorable."

Follow this link for the full article - Boquete Panama - A Friendly Town Among the Hills