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Oh wow ! You definitely did the perfect planning ! That’s the retirement life that we would love to have . I think we’ll do fine with 2 social securities , 1 pension (Haven) and our 401ks. Our goal is really to travel the world while we’re still able to. We go the Manila as often as we can to visit Eileen’s parents then we do side trips in Asia . We save also for our European trips 😊. As much as possible we take our son with us . Kids now want to travel with friends more than with parents lol . So nice to hear that you have a good exciting life and you are 100% correct - it’s all in the planning !

@@HavenEileenDejesus Travel while you're younger. We're in our 70's & although we made it for 17days with constant walking all day, we were exhausted at the end of the day. We'll probably stick to a week vacations instead of a long one or maybe back to cruising.😆Good luck on your planning. I think you'll be fine with 4 income streams.

Watch out next vlog !

Maybe we should put life span to 90

@@HavenEileenDejesus Maybe when you're 75 you might think that's a great idea--

Yup! That’s what people say in the US . We’d love to retire in the Philippines but the only thing that holds us back is the easy accessibility to healthcare .

@@HavenEileenDejesus Not advisable for seniors to retire in Pinas. Healthcare sucks, specially if you plan to stay in the province. Doctors lack advance medical knowledge & hospitals are ill equipped. In the big cities, you can go to high end hospitals but you have to pay everything out of your pocket & it's expensive. Major surgery cost over a million pesos & some medications are not available.

Yup!

That’s true-retiring in America can be expensive, especially with healthcare and living costs. But for some, it’s about staying close to family or the lifestyle they’re used to. It really depends on what works best for each person’s priorities.😊

Yeah, we’ve seen that too-people in their 60s or 70s working full-time because they didn’t prioritize saving earlier. It’s tough, but choices like expensive toys and trips catch up eventually. That’s why we focused on saving and investing , so we can retire comfortably “soon” . 😊

Thank you ! ❤️

62 is my target (Eileen). Haven is extending because he said he doesn’t have anything to do anyway . He’s waiting for me lol . But we are slowly living our retirement life . We do things already what we plan to do in our retirement .😆

We have been educating also our son about retirement savings . Sometimes it’s really hard to get through these Gen Zs who prioritize “good time” but we never stop explaining the importance of saving .

I totally get how you feel. A lot of people think saving is enough, but without a proper strategy, inflation can eat into your savings. A major mistake people make is leaving too much in low-interest savings accounts or trying to time the market. Diversifying your investments is crucial to balancing risk and growth.

Exactly. I’ve seen friends delay their retirement because they underestimated healthcare costs and didn’t plan for market downturns. One big issue is not adjusting your portfolio as you age. By the time you’re in your 50s, you should start focusing more on preservation than aggressive growth.

Another pitfall is ignoring professional advice. After losing a chunk of my portfolio back in 2020, I realized I couldn’t do it alone. I started working with Eric Paul Elmer, a highly experienced CFA. He specializes in improving portfolios and has helped people like me grow their retirement funds significantly, both in the short and long term.

Joseph Nick Cahill? I’ve heard great things about him! I read that he offers free consultations and creates personalized strategies to help clients build wealth. A friend of mine used his services and said his advice was life-changing, especially in reducing unnecessary risks.

Joseph Nick Cahill? I’ve heard great things about him! I read that he offers free consultations and creates personalized strategies to help clients build wealth. A friend of mine used his services and said his advice was life-changing, especially in reducing unnecessary risks.

😐

Wow! That is super impressive! Being debt free and mortgage free in your 40s is such a huge milestone . It must feel so freeing to be focusing on retirement savings now . Retiring in your mid 50s sounds like an exciting goal. We’re sure you have fun plans in mind when that time comes 😊

The news is changes to the full retire age is increasing this 2025. Maybe 69 now ?

Totally agree. Great point.

I don't disagree. It's a horribly-designed, maintained, and implemented system. One that was never going to remain solvent, as it was originally designed, with the largest generation in history approaching retirement age while each administration continued to kick the can down the road. We are talking large block print on the wall, where it was going. That being said, I do think that expecting to rely on a meager-paying government program to determine your quality of life in old age is foolhardy. Doing that literally puts you at the mercy of people who are well-to-do and largely make well-to-do decisions that primarily benefits themselves. Most people have the ability to plan ahead, even in a modest way that adds up like crazy when you start young, and yet choose not to. They'd rather buy pointless things, instead. So you now have two parties kicking the can down the road...the privileged and the self-imposed helpless ones. No way in hell am I going to be the latter. I implore every single young person I know or work with to pay attention and how vitally important it is to start saving when you're young. You have TREMENDOUS growth potential given the time to let it happen. Most of them don't even want to hear it and would rather finance a car for $40k that they only drive for 20 total minutes a day and sucks up 35% of their take home pay. I don't know how you get people to care about this before it's too late, but I try.

That’s interesting that credit card is not usually used in Germany. … But good to know 👍! And yes , regardless if it’s cash or credit card , what’s important is discipline . No debt … happy life 😊.

Exactly My point! The 9 to 5 grind is just not worth it the stress and low payoff. What specific steps did you take to break free?

Working with Lorrie Greta Hillard , a financial advisor, was a game changer. She helped me refine my savings strategy, including retirement planning, and provided expert guidance on investments and budgeting to maximize my savings.

Got it! Thanks for the tip! I was curious, so I looked up Lorrie

I have 5 more years and I can’t wait!

Thank you for sharing ! That’s something the young and the soon to be retirees will benefit from . 😊

Wow, thanks for sharing your story! It’s amazing how much thought you’re putting into planning for your family. Leaving a legacy is important to us too-not just financially, but in memories and values. Everyone’s journey is so unique, and it’s inspiring to hear yours!

Thanks for your comment! It’s true that Social Security faces challenges, with projections showing it may only pay about 77-80% of benefits by 2035 if no changes are made. We don’t think it’s going to be bankrupt though . We still need to be prepared and plan ahead and stay informed about potential changes . The government though has to act as social security is a vital program to millions of Americans . 🙂

We live in CA, which doesn’t tax Social Security but does tax pensions and other retirement income.

Hi! Yes it is but we deducted what we are going to receive from social security and pension . And since it will cover our expenses we really don’t need 1 million in SAVINGS to retire 😊

Hope this helps !

We got our insurance long time ago when we didn’t know anything lol 😂 It’s a custom whole life with death benefit and cash surrender value . We kept it since it’s like some sort of savings also . We can use it if we need to tap on it or we can leave it for our som when we’re gone . Win-win I guess 😊.

@@HavenEileenDejesus I had a locked in price for my life insurance for 20 years! Then my house was paid off and after that 20yrs I didn't renew cause the price was going to go up significantly : )

Oh you have term life ? We have that also and it’s ending 2027. It’s cheaper and we’re not renewing because it so expensive . But with term there is no surrender value . Will check what happens if we cancel our whole life . Thanks for your feedback !

@@HavenEileenDejesus check the value of cash value, the older you become the premium goes higher but they take the money from your cash value. It happened to my parents.

It really is!

Glad it was helpful!

$1m is a target number for each individual that is married and $2m for single, that’s the number I am trying to achieve. Don’t be scared with this number because it’s only a target , will you be scared if you only saved $900,000?

Off the record here was more of a playful moment than something serious. We included it because we thought it added to the fun and casual vibe of our content. Thanks for watching and for sharing your thoughts-it’s always great to hear feedback.

You’re absolutely right-retirement planning can be more challenging without a 401k system like in the U.S. But you’re already on the right path, and that’s a big step! I read that programs like Pag-IBIG and PERA might not be perfect, but they can help grow your savings. Maybe you can check these out ? I’m sure there are also mutual funds that you can invest in . When we were in our 20s in Manila , the only thing we knew was CDs 😊. What we can suggest is educate yourself , stay consistent and remember that every small effort counts toward building a more secure future.

Thanks for sharing ! Even if we’re close to retirement we’re still saving and we still go through our plans to see if we’re on track. Sometimes things come up and we have to adjust here and there. 😊

Medicare does not cover healthcare services outside the US. With Haven’s health insurance from his work which we are still covered after he retires , we are not sure but we are looking into that . I doubt it though that we will be covered outside the US.

We’re glad you liked our advice in the video, even if you don’t speak Tagalog. There should be an English translation 😊.

Thank you for your support ! We truly hope that what we share helps people like you in meaningful ways .

Thank you ! Hope you enjoyed it 😊

Have you started planning for your retirement ? What age did you start that discussion ? Let us know !

It’s inspiring to hear about your journey and how you’ve been preparing since 2018- what an amazing example of planning ahead . We hope more of our kababayans get inspired . Retirement is definitely not about age but about creating a life where you can enjoy your hard work . We’re excited for you !

It’s 1/2 cup oyster sauce , 2.5 Tbsp soy sauce,1 Tbsp white vinegar . If you want it to be more saucy you can proportionately increase the ingredients 😊.

It’s an enamel steeled cookware by Dansk(from Denmark). It’s a hand me down from my mother-in-law from her travels in the 60s. It’s still works wonders all these years 😊.

Thank you so much for watching and sharing your thoughts! It’s great to connect with someone who shares similar goals about retirement. There’s so much to plan and enjoy in this new chapter.😊

Let us know how it comes out ! Enjoy !

Try the garlic soy sauce pasta too . It’s really good !

He’ll save a ton …or should we say … his parent will ! 💰 😉

Totally agree with you ! Same here 😊

Congratulations on your retirement🥳! Life is too short, and I (Eileen) learned that after 30 years in a stressful job. Slowing down these past three years has been amazing, and I’m just counting down to 62 for SS. Thankfully, we live and breathe budgets, so we’re confident we’ll be ready when the time comes! We also review our budget semi annually in case we need to do some adjustments. 😊