Apr 11 2011
Scholarly Journal Article Critique
Abstract: This article is about retiring to Panama. Panama is the new Florida. It discusses the benefits of moving down there as well as the negatives.
This article is of applied and report research. It informs the reader the benefits of moving down to Panama and it also applies the article to actual real life subjects and gets their opinions on living there. It had primary and secondary sources, the primary being the first hand information from the people that live in Panama, the secondary being the information that was gathered on Panama’s economy.
The article discussed many benefits about moving down to Panama after you retire. It talked about how cheap the cost of living is, how amazing the health care is at a low cost, and it even mentioned that retirees do not have to pay property taxes for the first 20 years (which for some may mean they never have to pay property taxes). It also talked about how properties go for a lot less in Panama than they do in the United States, for example, a couple bought a 3,000 square foot house for $250,000 that would have cost them over $3 million in Miami. They did mention that it is not all fabulous. Some negatives about living down in Paradise is that once you live down there you start to see some of the cracks in paradise that you would not see by just visiting there for a week or two. The article mentioned that things move VERY slowly, you may not get a repairman to your house until days after he said he would be there, and also sometimes the electricity can be very spotty. Those were the only negatives that the article mentioned. The article was very good at mentioning the benefits of moving down to Panama but I feel that it could have mentioned more of the negatives. If I were thinking about moving down to Panama I would need and want to know more about things that are not so wonderful to decide if they are worth dealing with. One negative that I can think that should be added is the fact that if you move down there, you are leaving behind your children as well as your grandchildren, so you won’t see then as often as you would if you were living back home.
The articles data collection and analysis was very good. They talked to actual retirees that have moved down there from the United States. One couple talked about how the house they are able to go out a lot more than they ever would have in California. They can go out for margaritas and a nice meal for only $20 for the both of them. I think it is important to get firsthand accounts on the topic you are discussing because that makes it even more real for the reader or audience.
This is a very meaningful study because it shows retirees as well as upcoming retirees that there are other options for them besides either retiring with minimal benefits and money or maybe not even retiring at all. It shows them that you are able to go live some place that is super beautiful but still be able to live like a king or queen.