Thread: Second home in Panama

Hi,

My name is Jack and my wife, Sue, & I bought a condo in Coronado last February. Based solely on on-line research, we went there for 5 days and bought a 2 bedroom condo. We think it's a great place, hopefully a great investment and certainly a really good time when we're there.

Our youngest is in high school so we can really only go to Panama in the summer, in Boston that is. In 3 years when he goes to college, we'll spend our winters there.

When there in July of '11 we met a guy who told us about Credit Union CD's that paid very high rates. is any one familiar with them? And are they safe?

Thanks,
Jack

Hello Suejack13, welcome aboard. Enjoy the forum.

High risk is directly correlated with high interest.

Lo entiendo

If you or your wife are in the medical or teaching profession you might want to try CSMR or COOPEDUC.

Originally Posted by Suejack13

Lo entiendo

I'll look into that.

Thanks.

go to the top of the page on the right hand side , there is a little search box , type in credit unions , there was a bunch of talk about them , and to answer one of your questions , there has never been a CU fail in panama

Welcome!!

Thanks Becky. What's your story? Do you live in Panama or do you visit?

Jack

I live in Boquete. We moved here 2 years ago.