...Always Panama. http://redtape.msnbc.msn.com/_news/2011/...s-always-panama. This story is just ridiculous or I mean the couple in this story is. They retired in their 50's and the wife receives a generous $3000/month pension and most likely health insurance from being a civilian employee in the Navy (plus in about 5 years she'll receive probably over $1500 in Social Security) and her husband does have some 401K retirement and he'll must likely receive over $1100 in social security in 3 years.
So add it all up, pensions, Social Security, some 401K and they could well be bringing in over $6000/month in retirement at least eventually over the next few years. And they say they can't retire anywhere in America. Plus they have been working their whole life and should own a house by now. But forget all that and still they can't afford to retire on $3000/month? Really? So they leave their 4 grown children and grandchildren to live in Panama. Which by the way isn't all that much cheaper since they charge gringos more for everything than natives. And they're going to spend all their money they draw from the US economy in Panama. It's selfish, spoiled people like that who are partly responsible for the way the economy is.
This story reminded me of the Baby Boomer thread. This couple just seems like selfish idiots that just wanted to move to a tropical setting and rationalized it by saying it's all they can afford.
So add it all up, pensions, Social Security, some 401K and they could well be bringing in over $6000/month in retirement at least eventually over the next few years. And they say they can't retire anywhere in America. Plus they have been working their whole life and should own a house by now. But forget all that and still they can't afford to retire on $3000/month? Really? So they leave their 4 grown children and grandchildren to live in Panama. Which by the way isn't all that much cheaper since they charge gringos more for everything than natives. And they're going to spend all their money they draw from the US economy in Panama. It's selfish, spoiled people like that who are partly responsible for the way the economy is.
This story reminded me of the Baby Boomer thread. This couple just seems like selfish idiots that just wanted to move to a tropical setting and rationalized it by saying it's all they can afford.