There are a number of advantages to retiring in Panama... the short list is:
- Lower cost of living than elsewhere in the western world
- Tropical Climate
- Access to the Atlantic and Pacific ocean within an hour
- Retirees can get a "
Pensionado Visa" which offers significant discounts on many many services (restaurants, hotels, plane tickets and much more)
- Still many reasonably priced developments geared to retirees available outside an urban center
- Use USD as currency (maybe this is a disadvantage
The long and short of it is your money goes further and the country is safe and stable with a warm tropical climate, palm trees, nature and both beautiful oceans.