How we can transfer our pensions/pensions providers?

Member since 14 January 2023

jillhaleyMember15 January 2023 22:53:04

Hi All,

My husband and I are starting to plan an early retirement (in approx. 3 years from now). Any advice would be gratefully received. Our starting point is to find more information about how we can transfer our pensions/pensions providers and any information as to the banking systems/costs/etc.

We are looking forward to connecting via expat.com and meeting new friends when we finally arrive.

Kind regards

Jill Haley (husbands name is Nick)

See also

Getting married in Panama - Guide
Lawyers in Panama - Business
We are making our first trip in June - 9 Replies
Can we receive SSA in Panama ? - 6 Replies
living in Panama - Can we live with Au$3000/month ? - 5 Replies
Our recent trip,What to bring, what can't we buy there, - 4 Replies
How can I register my U S car in Panama? - 7 Replies

Cheryl Moderator

Member since 15 October 2018

CherylModerator16 January 2023 04:39:47

15299

Hello jillhaley,

Welcome to Expat.com

Since you have already asked a good question in your first post, I have moved and created a new thread with your post on the Panama forum.

You are more likely to get insight on this topic this way

Best of luck,

Cheryl

Expat.com team

kristc99 Serial expat

Member since 09 December 2012

kristc99Serial expat16 January 2023 13:50:23

883

We have found it convenient to maintain a USA address for banking and financial things (daughter’s house). You can get cash from one of the many ATM’s with your credit/debit card and any larger store takes credit cards. More and more things can be managed and paid on line.

if you want or need a Panamanian bank account it can be done. It would be best to talk with your lawyer. It’s been too long for me and all I remember is a lot of paperwork. A bank can give you a list of what you need. I think it might be easier after you have residency. I almost never use mine though.

social security payments can be sent to a Panamanian bank. I imagine it’s the same for pensions.