As an investing enthusiast, I've kept aside a good sum of capital to invest for financial independence and early retirement, but my concern right now is the market rally being propaganda. Is this a good time to buy stocks, or do I wait for the crash?
The stock market can appear as a bewildering cauldron of fake news for new investors. I would advise using a CFP, giving him/her 2/3, and then investing the 1/3 on your own, but only if you have time to track stocks and educate yourself.
@@KheroFrei I agree. Based on personal experience working with an investment advisor, I currently have $480k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks; you also need to be knowledgeable, persistent and have strong hands to back it up.
@@KennithsAbadies Congrats! The market to me is like a lucrative chess game, incredibly difficult to outperform, it's all about understanding how the world moves, its history, and psychology... mind disclosing info about your CFP? I'm quite curious.
@@DarnellsStevenses The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
As a soon retiree, keeping my 401k on course after a rocky 2024 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
Having an lnvestment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family....
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@@EmilyEvelyn-90 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*...
Plant vegetables in your backyard is one way to safe for food. Get away with relatives because they always think that you have lots for money. Limit going out to dine in or don’t bring anybody ( just you and wife) in going to grocery. Live a simple and there are beautiful place to unwind free like going to beach, buying karaoke for you to have at least happy time at home. Like I’ve said, live a simple but happy life.
That's so true and scary to think of. Lahat na ng hinaing nila related sa kahirapan o kakapusan, ipapaalam sau para ma-guilty ka and finally give in to help. Sa dami nilang nangagailangam, mauubos ka.
Sa province ako maninirahan. Titira sa maliit na bahay. Healthy foods ang pagkain at inumin. Pa bisi bisikleta pag umaga. (Parang magbebenta ng hot pandesal pag 4am. Hehehe... )
Very informative! First, this solidifies my belief that, although not my plan, retiring in the Philippines comfortably isn't a far- fetched at all. I hope every Filipino working abroad come across this video so they learn the importance of saving money, and that they can start coming up with a plan for when retirement comes, they will be prepared. I've seen so many broke Pinoys abroad and some of the reasons; they are better in spending than saving money; they don't set goals; they love the rich feeling that they try to afford things they really can't, and the list goes on. I would to add that if we are laser focused, and we should all be, on ensuring future financial freedom, learn to be frugal, invest long term through mutual funds, quit acting rich, stop buying things you can't afford, do not compete with your neighbors, avoid branded items, live below your means, and save save save. Combine the above with hard work and it will surely lead you to a kind of life you only dreamed not long ago.
OFW here from Dubai. Far from retiring yet maybe another 10- 15 years more. But it's good we don't have taxes here. Me and my wife struggling to run food businesses in the Philippines to earn passive income. It's difficult when you're not there. We tried but failed a few times. So we just chose to save money, getting into the stock market which is more managaeable and it beats infllation too. We bought a condo and planning to buy a simple lot located in the province for future retirement. We also have life insurance and memorial plans, lots, we continued paying our SSS. This is an important investment as well. But thanks for this video this gives us new perspective to think about our retirement numbers.
@@faithfuldays3886 No, taxes in Middle east no retirement benefits from employer, no pension , no SSS no 401K no medicare .if you will not save enough for your retirement you will end up old and gray and broke.😞 Like most OFW's.
Nice t o see various ways of retiring. I am retired widow but go home often to visit my mother while she is still living. Not decided yet with retiring in PI only satisfied with 3-4 mos per year as my children and grandchildren are here in the US. Good advice too about retirement planning.
Don’t worry about everything just focus the basic lifestyle and enjoy life in simple way. I moved to Cebu city and my budget monthly is 30k with rent, utilities, internet and foods speaking of foods im vegetarian so i dont eat meat and my rent is only 14k and i live simple myself and my money is in the USA i only transfer money to peso account for my bills to pay and personal expenses thats all.
I can retire under “luxury lifestyle” but I choose basic because I am a minimalist and would rather use my extra retirement income for business opportunities in PH
Scouts for cheapest apt/condo/townhouse in the provinces, buy them and rent them out. Once you’ve accumulated so much from being a landlord, fix them up and sell for double the price and then repeat all over again. There’s money in the Phils!👍🏠🌏
For those who have one car you can budget at least 20,000.00 pesos a year for 2 PMS 4,500.00 pesos for TPL and optional comprehensive insurance depending on how old is your car.
hi Salee first time ko napanuod ka ,,maganda ang adbokasiya mo at nakatulong .sa panahon ngayun at sa mga dadating na taon sa palagay mo kya sa ordenaryung tao na mamumuhay sa maynila sapat o kakasya na kya ang $1,200 na pension hindi naman maluho kundi sapat lang na buhay na takbo sa arawaraw ..kakasya na kya ang halagang ganyan . salamat sa iyung kasagutan kung may panahon ka,
Dual citizen here. USA and Philippines. 100% agree that YOU NEED TO KNOW YOUR NUMBERS (Even it's a GUESSTIMATE). Mas madali mag plan for RETIREMENT. Hopefully I'll be financially independent in 5 yrs (I'll be 45 yrs old). Im a LVN, not a RN (I don't know if y'all have it in Canada). Right now I'm transitioning from being a nurse to FULL TIME INVESTOR.
You meant Lic Practical Nurse? Not too fast pal. It’s easy said than done. Manage your debts at the same time scouts for cheap apt/condo/townhome in the province . Buy them and rent them out. Once you’ve accumulated enough as a landlord, fix them up and sell them for double the price and then repeat all over again. There’s money in the Phils!👍🏠🌏
I enjoyed your video thoroughly. Love your ideas, numerical calculations of monthly expenses, and yes love the way you speak. Ung ibang vloggers kasi masyadong inaartihan ang pagsasalita, kahit tagalog na ini slang pa. But you know how to speak clearly and you express your thoughts very well. I subscribed to your channel so I can follow more heady straightforward advices from you. Bravo!
Thank you so much for the kind words and support! I’m glad you enjoyed the video and found it helpful. I’ll keep sharing straightforward and practical advice. Salamat for subscribing! 🙏❤️
Good video, I am 44 years old this year, 17 years of working dito sa US n check ko sa SSS ko at the age of 62years old Kung stop n akong mag work today I will get $1430 monthly sa akın pa lang yan plus meron din si hubby n makukuha from SSS nya for 28 years of working nya that I don’t know how much ang sa kanya for this time, Pero madadagdagan p yan kc we are still working uwi n kami ni hubby sa Pilipinas kc kung dito yan sa ÜS kulang p yan sa pambayad ng bills etc dito sa US Pero kung iuuwi namin ni mister ko mga pension namin Hindi n kami magiging kawawa sa Pilipinas..thank you for sharing your knowledge with us about retiring in the Philippines
Hello salee!!! My mathematical methods of living ,retiring for good in my Davao place is:multiply your monthly expenses multiply by how many years you are going to live in this planet !( that’s our own way) I will cost you millions of pesos php! And we are ready for that ( my wife is a nurse in Davao with 2 kids plus some investments too! Life is sweet if you plan ahead! Good to you&your family
Based on me and wife’s current workplace pensions saving rate, by the time she is 60 and I am 61, we may get 166k pesos a month! Nearly 2M a year, guaranteed for life and inflation indexed. This is also separate from our house, savings and investments. Then state pension kicks in when in late 60s adding another 1.6M a year, again guaranteed for life. Pwede na siguro sa Pinas yan. But that is in today’s money not sure how much it is worth in 15 years time 😅. If you are an ofw or balikbayan, take advantage of your host country’s pensions and saving programs. For us, we are not even a heavy saver, we only do the basic. Marami pa sa mga kababayan natin ang mas nasa magandang position pag nag retire, lalo na kung sa Pilipinas. Pero marami rin ang baon sa utang dahil sa mga luho, stuck sa kbabayad ng malaking mortgage at kailangan pa magwork until nearly 70s kasi cannot afford retirement 😢
@@nl201 i am talking about private workplace pension provisions, which most western economies have and in some, workers are auto enrolled. if you happpen to live in one of these countries, find out what they have - they are different from country to country. your company usually matches your contribution and in essence they are free money. ensure they are invested in good global index funds with low fees and accumulate for decades. government workers in some of these countries has pensions that goes inline with inflation when you retire - this is what me and my wife have but we are not retired yet, still a long way to go. but projections can be made and calculated. imagine getting a pension from overseas say Germany, Aus, US or UK - convert them to pesos when you are living your retirement in PH - i say it is good investment for future you. them countries also provide state pensions when you reach a certain age, separate to workplace/private pensions i mentioned above. warning - from your question you mention insurance. never mix insurance and investment. they tend to come in with ‘whole life’ insurance. if you are young, learn about personal finance and investing. you will understand more clearly. wish i know more about it when i was younger.
If you have a car, vehicle, you must include timely maintenance expenses, average daily fuel consumptions, parking etc etc. that’s computed for a year and break it averagely into 12 months. Then you got the number.
If you have a little farm with veggies, free forewoods, ricefields, water from bukal and no appliances in household you can manage go survived in the province even if you have regular pensions.
Thanks for the video, I live with the budget of $1500 a month and that's in Tunasan, Muntinlupa City. Very happy enough to not paying any rent or mortgage. Only 5 farangs living in that area and both military veterans.
We soon to retire with my wife in Phil's in urban city,Working in Sg for 22 yrs..We invested in Real property and continue paying SSS, We choose to live middle retiree lifestyle...
That sounds like a solid plan! Investing in real property and preparing for retirement with a balanced lifestyle is so important. It’s inspiring to see how you and your wife are planning your retirement. Best of luck as you continue this exciting new chapter!
Depends on your priorities and choices. I do it with 5 peeps and once in a great while my budget hits above 700 USD. I know others who think they need something else and for two easily spend 4-5 grand
You're absolutely right! It really does come down to priorities and personal choices. It's impressive how you manage with 5 people on that budget! Everyone's needs and lifestyle are different, and it just goes to show how flexible budgeting can be. Thanks for sharing your perspective! 🙌
If you maximize your investment in both 401K (403B) and Roth IRA, you should be good to go. There are other investment opportunities out there but these two will cover more than what you need if you are retiring in PH.
Early retirement goal ko is when I reach 55 to 56 yrs old.. may 6 more years pa for savings & investments.. every year stay ako sa Pinas ng 4 to 5 months. Then balik ulit sa Canada. Kuha na lng ng Property sa Palawan… bihira atA typhoon dion.
Isama sa annual expenses ang Christmas, Birthdays, Anniversaries, Fiesta, Home fixes, etc. na dagdag gastos kahit di naman kawalan kung hindi gagastusan. Plus, yung gastos kung may pinag-aaral pa kahit retire na. At kasali din dapat specific emergency savings upon retirement - at least 1 million per person for sickness and burial. At kung ang religion nyo sapilitang humihingi ng certain % ng income nyo, magpa-convert agad sa ibang religion.
My wife and I will be retiring soon. I don't have any property, and I don't want to live with my relatives. I'm planning to retire in my hometown Lamao, Limay, Bataan. I have a pension of $3,000 a month. Do you think it's enough to retire there comfortably?
You probably should provide for rental expenses. Which is probably the largest single expense when planning Your Move to the philippines. The provincial life rentals about 10 k monthly The cebu life about 25k monthly The metro manila life about 50 k monthly Those are about the range of 2 bedroom condo in each location. However, luxury lifestyle usually involves living in a residence inside an exclusive subdivision. Most retired people dream of that lifestyle but ,only a few if any, will be able to afford it.
How bout the effect inflation of save money ..more effective if you invest ur money and double interest like potential asset like house for rent or commercial space for lease and bnb ..
You're absolutely right-saving alone isn’t enough due to inflation. Investing in assets like rental properties or commercial spaces can definitely help grow wealth and hedge against inflation. Real estate can be a great way to create multiple income streams, especially if well-managed. Thanks for highlighting that important point!
Thanks for sharing your experience! It’s true that living expenses can vary depending on lifestyle choices. Some retirees find it easier to live on less by prioritizing certain aspects of their lifestyle, while others prefer a bit more flexibility in their budget. Finding what works best for each situation is key.
Mas okay po na TFSA ang unahing i-maximize kasi wala na pong tax yun unlike kung RRSP, iisipin nyo pa kung magkano ang babayaran sa CRA which will also eat your retirement fund
Very good food for thought for future planning. I think you also should include the following costs to consider given the scenarios you gave - amilyar/property tax and village dues to the housing department 😊
We have a beautiful 6 bedroom home in zambales that I go home to once a year. Our home is properly maintained with all the amenities that you possibly need to live comfortably. our electric bills ran about 20 t0 25k pesos when we are there with the two ac unit running in living/dining daily and also depending if all 6 of the bedrooms AC units are running and accommodated daily. i enjoyed my visit yearly, but for now I can’t bring myself to live and retired in the Phil’s permanently as I am so accustomed living here in the US with all the convenience has to offer. If I ever change my mind to move there permanently I will live comfortably as we own our home and have transportation to travel as we choose. I retired over a year ago and living healthily with no medical issues🙏I will have enough to live off of and to travel other countries if I choose should I decided to do so. I am blessed and grateful🙏for now USA is my home, and Philippines is my second.
This is very good information. Thank you! In the video you assumed in all 3 scenarios that the retirees have their own home. What about rental cost if you don't intend to buy a home?
Most people don’t have their own houses so mortgage had to be included or rent or if with a condo, maintenance fees. If you own your house, you are responsible for its upkeep...regular maintenance or destruction by typhoons, fires etc. which is common in PH. Regarding household help, just to get a driver, you have to pay more than 20,000 pesos and you did not include gas and maintenance and also maid/ laundress. From USA, individual gets about $1600 a month and will be bigger with a spouse. Depending on your intake, the maximum is about $3000. Most have own pension plan personal or thru work. You did not consider that in Philippines family is important, give a set amount of money to the family. Most of the time, especially with balikbayans, your relatives feel that you are to help them.
Thanks for this helpful info. I plan to retire every 6months a year in the Phils (and return to Canada for the remaining 6months so I won't lose my provincial health coverage). I plan to explore PH so I don't plan to stay in one place but instead travel for a month or two here and there, likely island-hopping and staying in hotels and AirBnBs or short-term apt rentals. Would this be possible with a budget of $2000 a month?
I find this very helpful. I am 53 years old pinoy in the USA and thinking of retiring early in the Philippines. I will not wait until I am 60 years old para mag retire. My only concern is healthcare. What is a very good private health insurance and how much premium per month?
Remember SS pension is based on top 35 years of income. If you work less than 35 years then they will count as zero. If you’ve worked 35 years already and don’t want to knock off years with lower income then that’s great. It’s personal and no one can tell us what’s good for us but it’s just something to keep in mind because pension is lifetime
What about hospitalization or any procedures specially sa mga old people. Are they cash or Phil health will pay the rest of hospitalization just co pay only. Not like in the US may health insurance ka hindi na problema ang hospital bills, medication, physical therapy, walker, wheelchair or pads supply sa mga may incontinence libre ba ang mga ito. Sa US libre as a part of healthcare ins.
Great question! If you don’t have a house and plan to rent, you’ll need to budget for rental costs depending on the area you want to live in. Renting offers flexibility, especially if you want to travel back to the US annually. I'd suggest researching rental rates in different regions and factoring in how often you'd travel. It’s all about finding a balance between living costs and your travel goals!
I'm retired ex Radiologic tech..USA, now living in the Phils..& only spent Php 25 K - Php 30K/mo on foods, H2O & power, internet, & gasoline for my SUV, Pick up Truck, & 2 owner type jeep. Sometimes my expenses can reach up to Php 40K... I save $ 1K./mo. However, I have a house and never pay rent...😊
Good information. May I know what kind of private health insurance coverage can you get for the budgets you mentioned under the comfortable and luxurious scenarios?
This! Tsaka ang alam ko no private health insurance will cover seniors. I tried getting one for my parents, but they won't cover preventive. Hospitalization lang ang meron. This doesn't make sense. Mas gusto pa nila magkasakit muna yung matatanda. If you have recommendations on health insurance carriers who will cover seniors, please do share. We all need to know about them. Salamat!
@@enchanting10 No affordable health insurance in Pinas when you're 70's & above. A few companies but it will cost you $500 to $600 per person a month with limited coverage. Big problem in Pinas if you retire. In the US, you pay $174 a month for life with unlimited coverage.
@JunRoss-pp3mv in the USA, it is against the law to deny health insurance based on age and pre existing conditions. Insurance premium though gets more expensive as you age. But at least you'll still get coverage. So are you saying there are health insurance available for seniors in PH? They covered preventive, not just hospitalization?
Talking about Pinas healthcare after 70's & above. Few companies will insure you & it will cost you $500 to $600 a month per person with limited coverage.
This is the biggest variable especially as you age. There's no socialized health care plan so 50 to 70k a month-maybe more- is more realistic. Quite sad since other countries offer far less for retirees.
For me, my main focus of retirement is a good health care facilities at yun ang hindi maganda sa atin. My children doesnt want to move back in the Philippines so i might be here during summer and in the Philippines during winter.
These are usual complaints I see from Retirees in the Philippines. Dogs barking, karaoke parties in the late hours, incessant jeepney and bus noise, crappy clinics and hospitals, ATMs running out of cash, terrible food and restaurants, expensive price of imported goods, slow internet, periodical power outages, and poor road conditions and flooding. Like I always say, don't blame the place. Blame your budget.
@@methemonkeyking I usually don't get affected by traffic whenever I'm in Manila because everything I need is within walking distance in my neighborhood CBD. And even if I have to go somewhere, as a retiree or visitor I can avoid the peak traffic hours and only visit other areas between 10am to 3pm. Past 3pm forget about getting a taxi or Grab. I also reserve my long drives on Sundays as the roads tend to be maluwag.
We retired at 46 (47 na kami ngayon). We intentionally choose the comfortable lifestyle instead of a luxurious lifestyle to be able to invest regularly and live off only on passive income. With this strategy, we can leave an inheritance to the next generation.
sir ask ko lang po kung meron po kayo medical/hospital/health insurance? ask ko lng kasi nghahanap ako para sa tulad ko na 40+yrs old plus para pag ngretire ako eh di ko na isipin hospital bills
In the Phils., I’m good with a budget of 1,000 pesos per week or 4,000 pesos per month. With no mortgage and car loans to pay I survived. Foods are cheap especially in rural areas. I’ve my tv, fridge, and a nice bed to be comfy heading to longevity.❤️👍
Mahal mag retire sa Pilipinas lalo kung sa Metro manila area ka. Kasi ang mahal ng kuryente. Hindi ka naman tatagal ng walang aircon ang bahay mo. Ang lakas kumonsumo ng kuryente ang aircon. 6 months akong nag stay sa Pilipinas. Ang monthly bill ko sa isang maliit na refrigerator, isang portable na aircon at isang ilaw ay umabot ng 10k pesos monthly. Isang kwarto lang yung tinirhan ko na libre pa yon at hindi ako umupa. Pagkain pa, internet connection, phone and water bill, . 11 years ago pa yon. Mas mahal ngayon. Pero kung sa malayong probinsiya ka titira na ang kakainin mo eh sa bukid mo lang kukunin, at malamig ang klima, tipid ka talaga dun. Kung tumatanggap ka ng retirement benefit na 50k pesos a month, sobra pa yon. Pero kung Metro Manila ka mag-reretire, wag ka na at aabutin mo lang na maghirap dun.
Kung retired ka na at walang chronic illness, Kung wala kang tamad o inutil na asawa, Kung wala ka rin mga kamaganak o kaibigan na "Freeloaders" At kung meron kanang titirahan. Kung wala kang mga anak ang akala walang katapusan ang naipon mo. Enjoy your retirement at the least expenses at about $1,000 a nonth. Ang poverty level dito sa Yo-Es $5,000 , sa Kalipurniya mas mataas per month yun.
Can you do a luxury budget for a family of 3? Meaning I’ll be sending my kid to a private/international school. Planning on retiring early sa pinas pero mejo bata pa kaya I still have a young kid. As of now I’m receiving 6k+ monthly and would like to know kung smart bang magretire na lang jan or just continue working abroad and makes 13k+ monthly
Good for you. You’re doing fine for now. Stay where your bread and butter is - that’s either the US or Canada or other abode? Then vacay to Phils once a year if you may. While on holiday scouts for cheap condo/townhouse/apt to buy with on-site mgmt company looking after the bldg. (because that’s the only way you can own properties in the Phils if you’re naturalized citizen). No worries if you’re dual. You can buy a detached home or a beachfront property. The condo is your abode while vacationing in the Phils. Let the on-site mgmt company look after your place for executive rental once you’re done vacationing. Let your child study abroad. On those Ivy League schools (does he/she got good grades?). He/she can be a very good manager of your clan properties when the right time comes. That’s how the Hiltons, Trumps, and the like started their empire. You can do it with the right mindset friend since you’re aiming for more and doesn’t sit quietly like me at the comfort of my humble abode in the rural area somewhere in the Phils. God bless and all the best.❤️👍🌏
@@FarmProduceTV well I’m turning 40 soon and I feel like working abroad is a waste of time when I’m already receiving my pensions. The way I see it is if I stayed here in the U.S I’ll just be working just to pay bills and not living the dream. Yan Ang pangit dito sa America if you’re a working class, you’re paying a lot of tax just to support those lazy people who wants nothing but handouts from the government. Meron naman malaking land and property yung mama ko pero sa probinsya at as much as possible ayaw kong malapit sa mga kamag anak kasi napakatoxic nila akala nila mayaman lahat ng nagaabroad 😂 my kid is a straight A student kaya importante saken ang school na papasukan niya till high school lang naman then I’ll send her ass back to U.S for college 😂 planning to rent out my house here in Southern California if I ever make that move para naman may maipamana sa anak ko when the time comes. Mejo napupusuan ko ang nuvali laguna area so magreresearch pa ako if that’s the right location for us
Hi from California love your videos totally relatable; for me kc ang goal ko to retire early as much as possible so i can spend more time with my family through passive income , mybe businesses, or from investments. Some how yearly vacation sa Pilipinas din sana. Good thing i found your channel😊 learning so much! Thank u for sharing your thoughts, looking forward to ur next video=)
We retire here in Palawan since 2014.. It is right that Cost of living depends your lifestyle. My husband has its own social security and I don't, but I work and have real estate business. I just ask him for how much his monthly expenses he said 70,000 or less It include monthly groceries, Internet, electricity and water and fuel. We have our own house to live. Weekly grocery 4,000x4 weeks in a month Pldt 1,300 Water and electricity 7,000 Fuel 1,000 per week or less x 4weeks Dining 1,300 per week or less On the other hand I do have my own backyard gardening and i am buying my food some time fish and or chicken. - Living in Puerto Princesa City Note: most expensive is the fuel if you always roam around
Im retired making $10,000 per month on my pension without using my 401K. I still have a house in the US. Some credit cards that I pay off every month. What can I do with in the Philippines?
The last option u sold me on philippines! How do I plan to go to the Philippines for retirement visa please? Definitely cannot do 3000 a week in new Zealand on that!! Nice video too :-)
Yong mga pinoy galing US mas malaki ang retirement kasi kong magaling ka lng dito mag budget you will have plenty of money sa retirement mo. May SSS, IRA, stock, 401k..that's a big money coming in..halos naman sa pinoy walang mortgage masyado..
Lahat maayos kung mag re-retire ka sa Pinas kung meron ka ngang bahay. Paano kung WALA? Imagine kahit high roller ang pension mo at your age bibile ka pa nang bahay. Sa koryente nalang na every year at tubig tumataas ang mura lang sa Pinas pagkain. It's better just to tour Pinas. Ma-init, Traffic, Polluted. Ang mga nag re-retire lang sa Pinas are people coming from the province who have worked abroad. Baha-in pa Brownout at internet connection mahina. People who are tired of cold climate & wants sunshine all day long that's what some foreigners like. But, the congestion & unpredictable weather. I don't see why retiring in the Philippines is good.
If you have a house and lot and a farm with SUV to ride with in the Philippines and have enough funds and savings i think you can have a sweet retirement and enjoy the rest of your life most specially if you are in the province with fresh air no traffic less stress...its a happy life enjoy it.
@@jamesa4508 As I was saying. Paano kung wala? I can live in Pinas with a house & lot on a $800.00 retirement plan even without a car and don't tell me to buy a house retiring at 70.
I don’t know what I’m doing here in the USA living alone retired for 8 years now. My total monthly expenses 2700 US$ each month. I think, it’s time for me to moved back home. My problem, I’ve been away for almost 50 years and I will be 70 years old next year. I’m kinda reluctant to move back not knowing what part of the Philippines should I be. My retirement income after Fed taxes is 4600 US$ each month. My kids are all grown and professionals and I need to go to a place where they can visit and have fun. I need 3 bedrooms with 3 bathrooms with live in maid. I have a little savings but I don’t want to buy a house. It’s not ideal for me. I might not like the place and I won’t be able to leave. Some insightful comments, please.
Did you look on Cebu? There’s international airport there. Close to the city and close to the beaches as well. Hopefully, you can find a place to rent.
Yes and rent a house or condo and see if you like the place. With your income, you have enough to be in luxury. Pick any province or city. Any maybe find a companion for your everyday activities and travel.
Retire at 60 years old and GOD gives us another 20 years to live..20 to 30 years from now sobrang mahal na ng mga bilihin kasama pa mga Hospital Bills. Kaya need ng passive income kahit retired na tayo..Invest in stock Market or magtayo ng Negosyo...Buy stocks na maganda magbigay ng Dividends Like TEL or other Blue Chips Stocks in PSE. Invest in Tech Company AI Stocks NVIDIA. Study Forex another way to have passive income ask help for reputable Mentor yong talagang galing sa mga Institutional Bank Hedge Fund Manager na mga Mentor sa Forex..Hindi RUclips Mentor.
Thank you for sharing your thoughts on retirement planning! I completely agree that passive income is key, especially as the cost of living continues to rise and unexpected expenses like hospital bills can add up. Investing in the stock market, building a business, and diversifying income streams are definitely solid strategies for securing a comfortable retirement. Your point about finding a reputable mentor for areas like Forex or stocks is important, too. Getting advice from experienced professionals who have proven success in these fields can make all the difference. I appreciate your suggestion and your detailed input! Wishing you the best on your journey to financial freedom and retirement!
Having a high-paying job or running a business have nothing to do with retirement, so your comment is out of topic, actually. I am not sure if Salee will have the experience to cover those topics (how much do you need to earn via a job or business to live 3 different lifestyles in the Philippines if you are not ready to retire).
Public transpo like jeep or tricycle are for younger people. Kapag retiree ka, mahirap sumakay sa ganyan transpo even climbing up the bus overpass and the MRT. Tama ang small car na 2 man lang para alternate sa coding.
"I agree, public transport here in the Philippines can be challenging for retirees. Having a small car can definitely make life more convenient, especially with the coding scheme in place. It’s good to plan ahead and consider what works best for your mobility and comfort. Thanks for sharing your insight!
Retired US Navy 22yrs retired at 44 yrs old monthly pension $3K VA pension $2K with free healthcare anywhere in the world thru Tricare plus SS when reach retirement age of 62 and additional savings
Folks let’s utilize this forum here to enrich ourselves with relatable experiences and views from people who follow this channel’s platform. Thank you.❤️👍🌏
I try already ,mas lalong magastos,walang good inviroment, super hot the weather,walang kang magandang protekson,kahit Anong laki ang retirement pension mo doesn’t work Sa totou Lang, mas safety pa rin dito sa US,bakasyon puede pero tumira dyan No Way!
@@salee_talks yeah Sa totou Lang mas comfortable pa din ako sa US everything is here hindi ako nag-aalala specially Malaga ako nagretiro At the age of 50 years old dalawa ng Anak ko both are professional a Phd. At IT both still single,magastos dyan try na kami sa Cebu we have a Condo unit closed to the Airport,meron din kami sa Samal Island Davao, sa Batangas pa,cguro around $15,000 in every 2 months ang nagagastos ko pagkain,travel dyan ,kaya nga Mabuti hindi ako bumili ng sasakyan agad kundi laki ng pagsisisi ko,marami pang mga kapag-Anak na humihingi ng tulong,kaya nga ako bumili ng Condo sa Cebu para hindi na nila ako pustahan doon pero ganon pa din, ako Born and Raised ako sa Manila,at age of 24 years old migrate na ako sa US,maganda Lang dyan ay good for vacation in a month, for stay a permanent no Way! Marami pang manloloko dyan na mga Doctor kapag Alam nila na US resident ka tapos magpa-emergency ka sa Hospital wow grabe ang laki ng bayaran mo muna kahit my Insurance ka.
Thank you very much for the expenses for lifestyle in Philippines. How about expenses for makati city, comfortable or luxury lifestyle please - for a foreigner / filipina couple please?? Thank you very much. 😊😊😊
Your estimates don't consider costs of flying to ph, temporary hotel, type of retirement visa, visa deposit, finding a long term rental, deposits, transportation, health insurance, vehicle insurance. Tell the whole story instead of leaving out very expensive additional costs. Be honest with viewers
Thank you for bringing up these important considerations. You're absolutely right-there are many additional costs associated with moving and living abroad that need thorough planning and consideration. My aim with the videos is to introduce these topics progressively to avoid overwhelming viewers. However, I appreciate your feedback and see the value in addressing these complex aspects more comprehensively. Your input is invaluable in making this resource as useful and honest as possible. Thank you!
@salee_talks you're welcome. I'm still searching for a house rental near bacong area for Feb when I retire. I'm going to extend tourist visa out to 3 years before deciding my permanent retire home. Maybe you can suggest possible rentals then. Would love to meet you then. I'm 62 from us and quite tall 6'6" brown eyes/hair. Look forward to your response
As an investing enthusiast, I've kept aside a good sum of capital to invest for financial independence and early retirement, but my concern right now is the market rally being propaganda. Is this a good time to buy stocks, or do I wait for the crash?
The stock market can appear as a bewildering cauldron of fake news for new investors. I would advise using a CFP, giving him/her 2/3, and then investing the 1/3 on your own, but only if you have time to track stocks and educate yourself.
@@KheroFrei I agree. Based on personal experience working with an investment advisor, I currently have $480k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks; you also need to be knowledgeable, persistent and have strong hands to back it up.
@@KennithsAbadies Congrats! The market to me is like a lucrative chess game, incredibly difficult to outperform, it's all about understanding how the world moves, its history, and psychology... mind disclosing info about your CFP? I'm quite curious.
@@DarnellsStevenses The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
@@KennithsAbadies Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
As a soon retiree, keeping my 401k on course after a rocky 2024 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
Having an lnvestment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
My financial advisor is Annette Marie Holt” I found her on a CNBC interview where she was featured and I reached out to her afterwards via her website
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family....
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
@@EmilyEvelyn-90 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*...
@@YinusaSaheed Oh please I’d love that. Thanks!
*MARGARET MOLLI ALVEY*
Lookup with her name on the webpage..
Plant vegetables in your backyard is one way to safe for food. Get away with relatives because they always think that you have lots for money. Limit going out to dine in or don’t bring anybody ( just you and wife) in going to grocery. Live a simple and there are beautiful place to unwind free like going to beach, buying karaoke for you to have at least happy time at home. Like I’ve said, live a simple but happy life.
thanks for sharing
In other words don’t show off be the poorest of them all!👍🌏
@FarmProduceTV Show off and watch all the hands reaching out for hand outs.
Yess
Retire away from your relatives. You will be their financial savior. Maraming mangungutang suwerte mo kung babayaran.
Plus 1000 points dito
That's so true and scary to think of.
Lahat na ng hinaing nila related sa kahirapan o kakapusan, ipapaalam sau para ma-guilty ka and finally give in to help.
Sa dami nilang nangagailangam, mauubos ka.
Truelala ❤agree 💯
Don’t tell your savings, to nobody. That’s non of their business. Keep healthy, exercise, yearly check up!!! Keep up your vaccines, updated.
I've been a breadwinner for 25 years. Pitong pamangkin ko nag aaral sa UST & MAPUA. They are engineering students. I don't give my money for FREE. 😂
Sa province ako maninirahan. Titira sa maliit na bahay. Healthy foods ang pagkain at inumin. Pa bisi bisikleta pag umaga. (Parang magbebenta ng hot pandesal pag 4am. Hehehe... )
nice! thanks for sharing
Very informative! First, this solidifies my belief that, although not my plan, retiring in the Philippines comfortably isn't a far- fetched at all.
I hope every Filipino working abroad come across this video so they learn the importance of saving money, and that they can start coming up with a plan for when retirement comes, they will be prepared. I've seen so many broke Pinoys abroad and some of the reasons; they are better in spending than saving money; they don't set goals; they love the rich feeling that they try to afford things they really can't, and the list goes on. I would to add that if we are laser focused, and we should all be, on ensuring future financial freedom, learn to be frugal, invest long term through mutual funds, quit acting rich, stop buying things you can't afford, do not compete with your neighbors, avoid branded items, live below your means, and save save save. Combine the above with hard work and it will surely lead you to a kind of life you only dreamed not long ago.
OFW here from Dubai. Far from retiring yet maybe another 10- 15 years more. But it's good we don't have taxes here. Me and my wife struggling to run food businesses in the Philippines to earn passive income. It's difficult when you're not there. We tried but failed a few times. So we just chose to save money, getting into the stock market which is more managaeable and it beats infllation too. We bought a condo and planning to buy a simple lot located in the province for future retirement. We also have life insurance and memorial plans, lots, we continued paying our SSS. This is an important investment as well. But thanks for this video this gives us new perspective to think about our retirement numbers.
thanks for sharing and watching 🙏🤗❤️
@@faithfuldays3886 No, taxes in Middle east no retirement benefits from employer, no pension , no SSS no 401K no medicare .if you will not save enough for your retirement you will end up old and gray and broke.😞 Like most OFW's.
Nice t o see various ways of retiring. I am retired widow but go home often to visit my mother while she is still living. Not decided yet with retiring in PI only satisfied with 3-4 mos per year as my children and grandchildren are here in the US. Good advice too about retirement planning.
Thank you for sharing your story. Wishing you all the best and stay blessed! 🙏♥️
Don’t worry about everything just focus the basic lifestyle and enjoy life in simple way. I moved to Cebu city and my budget monthly is 30k with rent, utilities, internet and foods speaking of foods im vegetarian so i dont eat meat and my rent is only 14k and i live simple myself and my money is in the USA i only transfer money to peso account for my bills to pay and personal expenses thats all.
thanks for sharing 🙏♥️
Location , life style and priorities . Don’t deprive your health needs . Priority is health and safety at the end of the day .
In other words health is wealth. Eat healthy, exercise, and good sleep to longevity and beyond!👍🌏
I can retire under “luxury lifestyle” but I choose basic because I am a minimalist and would rather use my extra retirement income for business opportunities in PH
thank you for sharing 👍🙏
Scouts for cheapest apt/condo/townhouse in the provinces, buy them and rent them out. Once you’ve accumulated so much from being a landlord, fix them up and sell for double the price and then repeat all over again. There’s money in the Phils!👍🏠🌏
this is very ideal. However- consider if you have a big clan-- who you will expect that you are going to cover their emergencnies
For those who have one car you can budget at least 20,000.00 pesos a year for 2 PMS 4,500.00 pesos for TPL and optional comprehensive insurance depending on how old is your car.
hi Salee first time ko napanuod ka ,,maganda ang adbokasiya mo at nakatulong .sa panahon ngayun at sa mga dadating na taon sa palagay mo kya sa ordenaryung tao na mamumuhay sa maynila sapat o kakasya na kya ang $1,200 na pension hindi naman maluho kundi sapat lang na buhay na takbo sa arawaraw ..kakasya na kya ang halagang ganyan . salamat sa iyung kasagutan kung may panahon ka,
Dual citizen here. USA and Philippines. 100% agree that YOU NEED TO KNOW YOUR NUMBERS (Even it's a GUESSTIMATE). Mas madali mag plan for RETIREMENT. Hopefully I'll be financially independent in 5 yrs (I'll be 45 yrs old). Im a LVN, not a RN (I don't know if y'all have it in Canada). Right now I'm transitioning from being a nurse to FULL TIME INVESTOR.
thank you for this. 🙏 we have LPN in Canada. I'm so excited for you! Hope you stay around and update us on your journey. ☺️
You meant Lic Practical Nurse? Not too fast pal. It’s easy said than done. Manage your debts at the same time scouts for cheap apt/condo/townhome in the province . Buy them and rent them out. Once you’ve accumulated enough as a landlord, fix them up and sell them for double the price and then repeat all over again. There’s money in the Phils!👍🏠🌏
Headache@@FarmProduceTV
I enjoyed your video thoroughly. Love your ideas, numerical calculations of monthly expenses, and yes love the way you speak. Ung ibang vloggers kasi masyadong inaartihan ang pagsasalita, kahit tagalog na ini slang pa. But you know how to speak clearly and you express your thoughts very well. I subscribed to your channel so I can follow more heady straightforward advices from you. Bravo!
Thank you so much for the kind words and support! I’m glad you enjoyed the video and found it helpful. I’ll keep sharing straightforward and practical advice. Salamat for subscribing! 🙏❤️
It is so Amazing,🎉 having watched you in Canada, now, in the Philippines!
thanks! 🙏
Good video, I am 44 years old this year, 17 years of working dito sa US n check ko sa SSS ko at the age of 62years old Kung stop n akong mag work today I will get $1430 monthly sa akın pa lang yan plus meron din si hubby n makukuha from SSS nya for 28 years of working nya that I don’t know how much ang sa kanya for this time, Pero madadagdagan p yan kc we are still working uwi n kami ni hubby sa Pilipinas kc kung dito yan sa ÜS kulang p yan sa pambayad ng bills etc dito sa US Pero kung iuuwi namin ni mister ko mga pension namin Hindi n kami magiging kawawa sa Pilipinas..thank you for sharing your knowledge with us about retiring in the Philippines
you're very welcome and God bless
@@romab.8729 wise decision po
Ka work ko
Din uuwe na next year paano ba naman pension 1,400 renta 1,600 plus kung ano ano pa ba bills
Yes❤❤❤
@romab.8729 good planning po, the earlier you start planning the better. I retired at 46.
@@jun4squarevidswow 46 sana makaretire ako ng ganyang age … still young pa kami ni husband . Peru sarap ng umuwi …
Hello salee!!! My mathematical methods of living ,retiring for good in my Davao place is:multiply your monthly expenses multiply by how many years you are going to live in this planet !( that’s our own way) I will cost you millions of pesos php! And we are ready for that ( my wife is a nurse in Davao with 2 kids plus some investments too! Life is sweet if you plan ahead! Good to you&your family
thank you for sharing your method and your advise 🙏🤗❤️
Yan ang inaalala ko. Ang mga panghihiram, solicitation ng donations, anak-anak ng binyag o kasal etc.
Based on me and wife’s current workplace pensions saving rate, by the time she is 60 and I am 61, we may get 166k pesos a month! Nearly 2M a year, guaranteed for life and inflation indexed. This is also separate from our house, savings and investments. Then state pension kicks in when in late 60s adding another 1.6M a year, again guaranteed for life. Pwede na siguro sa Pinas yan. But that is in today’s money not sure how much it is worth in 15 years time 😅. If you are an ofw or balikbayan, take advantage of your host country’s pensions and saving programs. For us, we are not even a heavy saver, we only do the basic. Marami pa sa mga kababayan natin ang mas nasa magandang position pag nag retire, lalo na kung sa Pilipinas. Pero marami rin ang baon sa utang dahil sa mga luho, stuck sa kbabayad ng malaking mortgage at kailangan pa magwork until nearly 70s kasi cannot afford retirement 😢
❤❤❤
How? Can you give some tips? Is that through sss or insurance?
@@nl201 i am talking about private workplace pension provisions, which most western economies have and in some, workers are auto enrolled. if you happpen to live in one of these countries, find out what they have - they are different from country to country. your company usually matches your contribution and in essence they are free money. ensure they are invested in good global index funds with low fees and accumulate for decades. government workers in some of these countries has pensions that goes inline with inflation when you retire - this is what me and my wife have but we are not retired yet, still a long way to go. but projections can be made and calculated. imagine getting a pension from overseas say Germany, Aus, US or UK - convert them to pesos when you are living your retirement in PH - i say it is good investment for future you. them countries also provide state pensions when you reach a certain age, separate to workplace/private pensions i mentioned above.
warning - from your question you mention insurance. never mix insurance and investment. they tend to come in with ‘whole life’ insurance. if you are young, learn about personal finance and investing. you will understand more clearly. wish i know more about it when i was younger.
Watching from California, good luck to your channel.....
thank you 🙏♥️
If you have a car, vehicle, you must include timely maintenance expenses, average daily fuel consumptions, parking etc etc. that’s computed for a year and break it averagely into 12 months. Then you got the number.
It’s very informative and very good bases , thanks
If you have a little farm with veggies, free forewoods, ricefields, water from bukal and no appliances in household you can manage go survived in the province even if you have regular pensions.
Yeah i agree, with minimal lifestyle at stake u can survive buddy!..
A fridge, tv and a comfy bed for me in the rural area heading to longevity!👍🏠🌏
If you want to supercharge your income. Go for Income property or rental property or Apt rental adding Senior Residence, assisted living...
Thanks for the video, I live with the budget of $1500 a month and that's in Tunasan, Muntinlupa City. Very happy enough to not paying any rent or mortgage. Only 5 farangs living in that area and both military veterans.
We soon to retire with my wife in Phil's in urban city,Working in Sg for 22 yrs..We invested in Real property and continue paying SSS, We choose to live middle retiree lifestyle...
That sounds like a solid plan! Investing in real property and preparing for retirement with a balanced lifestyle is so important. It’s inspiring to see how you and your wife are planning your retirement. Best of luck as you continue this exciting new chapter!
Depends on your priorities and choices. I do it with 5 peeps and once in a great while my budget hits above 700 USD. I know others who think they need something else and for two easily spend 4-5 grand
You're absolutely right! It really does come down to priorities and personal choices. It's impressive how you manage with 5 people on that budget! Everyone's needs and lifestyle are different, and it just goes to show how flexible budgeting can be. Thanks for sharing your perspective! 🙌
If you maximize your investment in both 401K (403B) and Roth IRA, you should be good to go. There are other investment opportunities out there but these two will cover more than what you need if you are retiring in PH.
Gandang topic. Mejo mahirap lang pag dito sa Pinas nagwowork and dahiil rin sa inflation.
thanks!
You need to factor in the housing expenses whether you own or you rent.
Early retirement goal ko is when I reach 55 to 56 yrs old.. may 6 more years pa for savings & investments.. every year stay ako sa Pinas ng 4 to 5 months. Then balik ulit sa Canada. Kuha na lng ng Property sa Palawan… bihira atA typhoon dion.
that's a very nice plan!! getting a property in Palawan is a good idea 👍 Good luck and God bless 🙏
Isama sa annual expenses ang Christmas, Birthdays, Anniversaries, Fiesta, Home fixes, etc. na dagdag gastos kahit di naman kawalan kung hindi gagastusan. Plus, yung gastos kung may pinag-aaral pa kahit retire na. At kasali din dapat specific emergency savings upon retirement - at least 1 million per person for sickness and burial. At kung ang religion nyo sapilitang humihingi ng certain % ng income nyo, magpa-convert agad sa ibang religion.
My wife and I will be retiring soon. I don't have any property, and I don't want to live with my relatives. I'm planning to retire in my hometown Lamao, Limay, Bataan. I have a pension of $3,000 a month. Do you think it's enough to retire there comfortably?
Fantastic video.....keep rockin.
Thanks, will do!
You probably should provide for rental expenses. Which is probably the largest single expense when planning
Your Move to the philippines.
The provincial life rentals about 10 k monthly
The cebu life about 25k monthly
The metro manila life about 50 k monthly
Those are about the range of 2 bedroom condo in each location.
However, luxury lifestyle usually involves living in a residence inside an exclusive subdivision.
Most retired people dream of that lifestyle but ,only a few if any, will be able to afford it.
How bout the effect inflation of save money ..more effective if you invest ur money and double interest like potential asset like house for rent or commercial space for lease and bnb ..
You're absolutely right-saving alone isn’t enough due to inflation. Investing in assets like rental properties or commercial spaces can definitely help grow wealth and hedge against inflation. Real estate can be a great way to create multiple income streams, especially if well-managed. Thanks for highlighting that important point!
for retiree a couple basic life style Php 10,000.00 per month is expensive hindi magkakain masyado ang mga senior.
Thanks for sharing your experience! It’s true that living expenses can vary depending on lifestyle choices. Some retirees find it easier to live on less by prioritizing certain aspects of their lifestyle, while others prefer a bit more flexibility in their budget. Finding what works best for each situation is key.
Mas okay po na TFSA ang unahing i-maximize kasi wala na pong tax yun unlike kung RRSP, iisipin nyo pa kung magkano ang babayaran sa CRA which will also eat your retirement fund
Very good food for thought for future planning. I think you also should include the following costs to consider given the scenarios you gave - amilyar/property tax and village dues to the housing department 😊
We have a beautiful 6 bedroom home in zambales that I go home to once a year. Our home is properly maintained with all the amenities that you possibly need to live comfortably. our electric bills ran about 20 t0 25k pesos when we are there with the two ac unit running in living/dining daily and also depending if all 6 of the bedrooms AC units are running and accommodated daily. i enjoyed my visit yearly, but for now I can’t bring myself to live and retired in the Phil’s permanently as I am so accustomed living here in the US with all the convenience has to offer. If I ever change my mind to move there permanently I will live comfortably as we own our home and have transportation to travel as we choose. I retired over a year ago and living healthily with no medical issues🙏I will have enough to live off of and to travel other countries if I choose should I decided to do so. I am blessed and grateful🙏for now USA is my home, and Philippines is my second.
This is very good information. Thank you! In the video you assumed in all 3 scenarios that the retirees have their own home. What about rental cost if you don't intend to buy a home?
Bakit walang budget for property tqxes and house insurqnces doon sa me sariling bahay
Most people don’t have their own houses so mortgage had to be included or rent or if with a condo, maintenance fees. If you own your house, you are responsible for its upkeep...regular maintenance or destruction by typhoons, fires etc. which is common in PH. Regarding household help, just to get a driver, you have to pay more than 20,000 pesos and you did not include gas and maintenance and also maid/ laundress. From USA, individual gets about $1600 a month and will be bigger with a spouse. Depending on your intake, the maximum is about $3000. Most have own pension plan personal or thru work. You did not consider that in Philippines family is important, give a set amount of money to the family. Most of the time, especially with balikbayans, your relatives feel that you are to help them.
Thanks for this helpful info. I plan to retire every 6months a year in the Phils (and return to Canada for the remaining 6months so I won't lose my provincial health coverage). I plan to explore PH so I don't plan to stay in one place but instead travel for a month or two here and there, likely island-hopping and staying in hotels and AirBnBs or short-term apt rentals. Would this be possible with a budget of $2000 a month?
hi Nikkit, I'm doing a video about your question. Will be posted this week. 🙏☺️
I find this very helpful. I am 53 years old pinoy in the USA and thinking of retiring early in the Philippines. I will not wait until I am 60 years old para mag retire. My only concern is healthcare. What is a very good private health insurance and how much premium per month?
Remember SS pension is based on top 35 years of income. If you work less than 35 years then they will count as zero. If you’ve worked 35 years already and don’t want to knock off years with lower income then that’s great. It’s personal and no one can tell us what’s good for us but it’s just something to keep in mind because pension is lifetime
@@ronanglo4141 35 years???
Consider..hmo, property 8nsurance, househelp..etc
Gr8 video...only 2 answers here...good health and alot of 💰💰💰💰💰
🤗👍 thank you for watching
What about hospitalization or any procedures specially sa mga old people. Are they cash or Phil health will pay the rest of hospitalization just co pay only. Not like in the US may health insurance ka hindi na problema ang hospital bills, medication, physical therapy, walker, wheelchair or pads supply sa mga may incontinence libre ba ang mga ito. Sa US libre as a part of healthcare ins.
What about if you don’t have a house, just want to rent? Since you want to go back to the US every year.
Great question! If you don’t have a house and plan to rent, you’ll need to budget for rental costs depending on the area you want to live in. Renting offers flexibility, especially if you want to travel back to the US annually. I'd suggest researching rental rates in different regions and factoring in how often you'd travel. It’s all about finding a balance between living costs and your travel goals!
I'm retired ex Radiologic tech..USA, now living in the Phils..& only spent Php 25 K - Php 30K/mo on foods, H2O & power, internet, & gasoline for my SUV, Pick up Truck, & 2 owner type jeep. Sometimes my expenses can reach up to Php 40K... I save $ 1K./mo. However, I have a house and never pay rent...😊
Good information. May I know what kind of private health insurance coverage can you get for the budgets you mentioned under the comfortable and luxurious scenarios?
This!
Tsaka ang alam ko no private health insurance will cover seniors. I tried getting one for my parents, but they won't cover preventive. Hospitalization lang ang meron.
This doesn't make sense. Mas gusto pa nila magkasakit muna yung matatanda.
If you have recommendations on health insurance carriers who will cover seniors, please do share. We all need to know about them. Salamat!
@@enchanting10 No affordable health insurance in Pinas when you're 70's & above. A few companies but it will cost you $500 to $600 per person a month with limited coverage. Big problem in Pinas if you retire. In the US, you pay $174 a month for life with unlimited coverage.
@JunRoss-pp3mv in the USA, it is against the law to deny health insurance based on age and pre existing conditions. Insurance premium though gets more expensive as you age. But at least you'll still get coverage.
So are you saying there are health insurance available for seniors in PH? They covered preventive, not just hospitalization?
Talking about Pinas healthcare after 70's & above. Few companies will insure you & it will cost you $500 to $600 a month per person with limited coverage.
This is the biggest variable especially as you age. There's no socialized health care plan so 50 to 70k a month-maybe more- is more realistic. Quite sad since other countries offer far less for retirees.
For me, my main focus of retirement is a good health care facilities at yun ang hindi maganda sa atin. My children doesnt want to move back in the Philippines so i might be here during summer and in the Philippines during winter.
May nakalimutan ka Ms.Salee sa computation should multiply the annual savings to the expected year after retirement.
Hi @jb769, thank you for pointing that out! I decided to omit that calculation because everyone's lifespan is different 😊
These are usual complaints I see from Retirees in the Philippines. Dogs barking, karaoke parties in the late hours, incessant jeepney and bus noise, crappy clinics and hospitals, ATMs running out of cash, terrible food and restaurants, expensive price of imported goods, slow internet, periodical power outages, and poor road conditions and flooding. Like I always say, don't blame the place. Blame your budget.
that's a good one! 👍🙏♥️
How about traffic and government corruption?
@@methemonkeykingSame as other countries
@@methemonkeyking I usually don't get affected by traffic whenever I'm in Manila because everything I need is within walking distance in my neighborhood CBD. And even if I have to go somewhere, as a retiree or visitor I can avoid the peak traffic hours and only visit other areas between 10am to 3pm. Past 3pm forget about getting a taxi or Grab. I also reserve my long drives on Sundays as the roads tend to be maluwag.
😂
thanks Miss Salee ....love this video !
You are so welcome!
We retired at 46 (47 na kami ngayon). We intentionally choose the comfortable lifestyle instead of a luxurious lifestyle to be able to invest regularly and live off only on passive income. With this strategy, we can leave an inheritance to the next generation.
sir ask ko lang po kung meron po kayo medical/hospital/health insurance? ask ko lng kasi nghahanap ako para sa tulad ko na 40+yrs old plus para pag ngretire ako eh di ko na isipin hospital bills
@@ardeemaq2114 Yes po. Necessity po ang health insurance kaya kasama dapat siya sa monthly budget aside pa sa emergency fund.
Salamat for giving examples! What is a good website to look for apartments to live?
In the Phils., I’m good with a budget of 1,000 pesos per week or 4,000 pesos per month. With no mortgage and car loans to pay I survived. Foods are cheap especially in rural areas. I’ve my tv, fridge, and a nice bed to be comfy heading to longevity.❤️👍
thank you for sharing 🙏♥️
Loslos sa 1000 per week haha
Malamang may lupa yan na pinagkukuhanan ng produce kaya kinakaya yung budget na ganyan.@@quickyreviews6597
@@quickyreviews6597 basin sa kinalayuang bukid ni sya nagpuyo
Napaka imposible naman yang 4K mo.
Mahal mag retire sa Pilipinas lalo kung sa Metro manila area ka. Kasi ang mahal ng kuryente. Hindi ka naman tatagal ng walang aircon ang bahay mo. Ang lakas kumonsumo ng kuryente ang aircon. 6 months akong nag stay sa Pilipinas. Ang monthly bill ko sa isang maliit na refrigerator, isang portable na aircon at isang ilaw ay umabot ng 10k pesos monthly. Isang kwarto lang yung tinirhan ko na libre pa yon at hindi ako umupa. Pagkain pa, internet connection, phone and water bill, . 11 years ago pa yon. Mas mahal ngayon. Pero kung sa malayong probinsiya ka titira na ang kakainin mo eh sa bukid mo lang kukunin, at malamig ang klima, tipid ka talaga dun. Kung tumatanggap ka ng retirement benefit na 50k pesos a month, sobra pa yon. Pero kung Metro Manila ka mag-reretire, wag ka na at aabutin mo lang na maghirap dun.
thanks for sharing your story
This is very helpful, thank you!
Glad it was helpful! 🤗
What about you SSS pension maam this has also bearing after your retirement po diba pls include if i am not mistaken.
great thoughts Salee! keep them coming! 🥰
thanks! 🥰🙏
Kung retired ka na at walang chronic illness, Kung wala kang tamad o inutil na asawa, Kung wala ka rin mga kamaganak o kaibigan na "Freeloaders" At kung meron kanang titirahan. Kung wala kang mga anak ang akala walang katapusan ang naipon mo. Enjoy your retirement at the least expenses at about $1,000 a nonth. Ang poverty level dito sa Yo-Es $5,000 , sa Kalipurniya mas mataas per month yun.
Can you do a luxury budget for a family of 3? Meaning I’ll be sending my kid to a private/international school. Planning on retiring early sa pinas pero mejo bata pa kaya I still have a young kid. As of now I’m receiving 6k+ monthly and would like to know kung smart bang magretire na lang jan or just continue working abroad and makes 13k+ monthly
Good for you. You’re doing fine for now. Stay where your bread and butter is - that’s either the US or Canada or other abode? Then vacay to Phils once a year if you may. While on holiday scouts for cheap condo/townhouse/apt to buy with on-site mgmt company looking after the bldg. (because that’s the only way you can own properties in the Phils if you’re naturalized citizen). No worries if you’re dual. You can buy a detached home or a beachfront property. The condo is your abode while vacationing in the Phils. Let the on-site mgmt company look after your place for executive rental once you’re done vacationing. Let your child study abroad. On those Ivy League schools (does he/she got good grades?). He/she can be a very good manager of your clan properties when the right time comes. That’s how the Hiltons, Trumps, and the like started their empire. You can do it with the right mindset friend since you’re aiming for more and doesn’t sit quietly like me at the comfort of my humble abode in the rural area somewhere in the Phils. God bless and all the best.❤️👍🌏
@@FarmProduceTV well I’m turning 40 soon and I feel like working abroad is a waste of time when I’m already receiving my pensions. The way I see it is if I stayed here in the U.S I’ll just be working just to pay bills and not living the dream. Yan Ang pangit dito sa America if you’re a working class, you’re paying a lot of tax just to support those lazy people who wants nothing but handouts from the government. Meron naman malaking land and property yung mama ko pero sa probinsya at as much as possible ayaw kong malapit sa mga kamag anak kasi napakatoxic nila akala nila mayaman lahat ng nagaabroad 😂 my kid is a straight A student kaya importante saken ang school na papasukan niya till high school lang naman then I’ll send her ass back to U.S for college 😂 planning to rent out my house here in Southern California if I ever make that move para naman may maipamana sa anak ko when the time comes. Mejo napupusuan ko ang nuvali laguna area so magreresearch pa ako if that’s the right location for us
Hi from California love your videos totally relatable; for me kc ang goal ko to retire early as much as possible so i can spend more time with my family through passive income , mybe businesses, or from investments. Some how yearly vacation sa Pilipinas din sana. Good thing i found your channel😊 learning so much! Thank u for sharing your thoughts, looking forward to ur next video=)
Hello po pano naman po kung may kids pa Tapos ng rent eh gusto na po umuwi Ng Philippines
you might want to check my other video "cost of living of family of 5 in the Philippines" to have an idea
@@salee_talks thanks
How about house repairs and maintenance , property taxes, home insurance ?
just add it to the estimates
We retire here in Palawan since 2014..
It is right that Cost of living depends your lifestyle.
My husband has its own social security and I don't, but I work and have real estate business.
I just ask him for how much his monthly expenses he said 70,000 or less
It include monthly groceries, Internet, electricity and water and fuel.
We have our own house to live.
Weekly grocery 4,000x4 weeks in a month
Pldt 1,300
Water and electricity 7,000
Fuel 1,000 per week or less x 4weeks
Dining 1,300 per week or less
On the other hand I do have my own backyard gardening and i am buying my food some time fish and or chicken.
- Living in Puerto Princesa City
Note: most expensive is the fuel if you always roam around
how about the effect of inflation
My question is, paano po makukuha ang pension from here, kung mag retire kami ni mister sa Pinas. I’m dual citizen and American ang hubby ko?
Thanks for sharing this ideas very impressive ♥ God bless u ❤
you're welcome ❤️🤗
May private health insurance ba sa Pilipinas? Premium private health insurance? Can you provide the links?
Im retired making $10,000 per month on my pension without using my 401K. I still have a house in the US. Some credit cards that I pay off every month. What can I do with in the Philippines?
I don't believe you 😅$10,000 your pension
@@emanuelfernandez7145 you don't have to believe me. But, here's the thing, do you even know how many pensions I have?
@@emanuelfernandez7145 at meron pang utang sa credit card niya LOL.
I don't understand why the first couple don't pay rent ?
forgot to include car/house maintenance and real property tax which will vary depending on type of property…
The last option u sold me on philippines!
How do I plan to go to the Philippines for retirement visa please? Definitely cannot do 3000 a week in new Zealand on that!!
Nice video too :-)
The retirement visa of the Philippines is called SRRV. You apply by yourself or get assistance from an accredited marketer.
Yong mga pinoy galing US mas malaki ang retirement kasi kong magaling ka lng dito mag budget you will have plenty of money sa retirement mo. May SSS, IRA, stock, 401k..that's a big money coming in..halos naman sa pinoy walang mortgage masyado..
thank you for sharing
You should include expenses going to relatives
👍
Lahat maayos kung mag re-retire ka sa Pinas kung meron ka ngang bahay. Paano kung WALA? Imagine kahit high roller ang pension mo at your age bibile ka pa nang bahay. Sa koryente nalang na every year at tubig tumataas ang mura lang sa Pinas pagkain. It's better just to tour Pinas. Ma-init, Traffic, Polluted. Ang mga nag re-retire lang sa Pinas are people coming from the province who have worked abroad. Baha-in pa Brownout at internet connection mahina. People who are tired of cold climate & wants sunshine all day long that's what some foreigners like. But, the congestion & unpredictable weather. I don't see why retiring in the Philippines is good.
thanks for sharing your thoughts
If you have a house and lot and a farm with SUV to ride with in the Philippines and have enough funds and savings i think you can have a sweet retirement and enjoy the rest of your life most specially if you are in the province with fresh air no traffic less stress...its a happy life enjoy it.
@@jamesa4508 As I was saying. Paano kung wala? I can live in Pinas with a house & lot on a $800.00 retirement plan even without a car and don't tell me to buy a house retiring at 70.
I don’t know what I’m doing here in the USA living alone retired for 8 years now. My total monthly expenses 2700 US$ each month. I think, it’s time for me to moved back home. My problem, I’ve been away for almost 50 years and I will be 70 years old next year. I’m kinda reluctant to move back not knowing what part of the Philippines should I be. My retirement income after Fed taxes is 4600 US$ each month. My kids are all grown and professionals and I need to go to a place where they can visit and have fun. I need 3 bedrooms with 3 bathrooms with live in maid. I have a little savings but I don’t want to buy a house. It’s not ideal for me. I might not like the place and I won’t be able to leave. Some insightful comments, please.
Did you look on Cebu? There’s international airport there. Close to the city and close to the beaches as well. Hopefully, you can find a place to rent.
Yes and rent a house or condo and see if you like the place. With your income, you have enough to be in luxury. Pick any province or city. Any maybe find a companion for your everyday activities and travel.
@@PilarTanio what part of Cebu? Has to be friendly with low crime rates, please and I thank you.
Very good ideas
Retire at 60 years old and GOD gives us another 20 years to live..20 to 30 years from now sobrang mahal na ng mga bilihin kasama pa mga Hospital Bills. Kaya need ng passive income kahit retired na tayo..Invest in stock Market or magtayo ng Negosyo...Buy stocks na maganda magbigay ng Dividends Like TEL or other Blue Chips Stocks in PSE. Invest in Tech Company AI Stocks NVIDIA. Study Forex another way to have passive income ask help for reputable Mentor yong talagang galing sa mga Institutional Bank Hedge Fund Manager na mga Mentor sa Forex..Hindi RUclips Mentor.
Thank you for sharing your thoughts on retirement planning! I completely agree that passive income is key, especially as the cost of living continues to rise and unexpected expenses like hospital bills can add up.
Investing in the stock market, building a business, and diversifying income streams are definitely solid strategies for securing a comfortable retirement.
Your point about finding a reputable mentor for areas like Forex or stocks is important, too. Getting advice from experienced professionals who have proven success in these fields can make all the difference.
I appreciate your suggestion and your detailed input!
Wishing you the best on your journey to financial freedom and retirement!
Great Topic, but applicable only to those with business or high paying jobs. Maybe you should edit the topic and include that as a disclaimer.
thanks for watching
Having a high-paying job or running a business have nothing to do with retirement, so your comment is out of topic, actually. I am not sure if Salee will have the experience to cover those topics (how much do you need to earn via a job or business to live 3 different lifestyles in the Philippines if you are not ready to retire).
How about living alone and wanting to retired in the Philippines ? How much do I need monthly ? Greetings from Germany.
Public transpo like jeep or tricycle are for younger people. Kapag retiree ka, mahirap sumakay sa ganyan transpo even climbing up the bus overpass and the MRT. Tama ang small car na 2 man lang para alternate sa coding.
"I agree, public transport here in the Philippines can be challenging for retirees. Having a small car can definitely make life more convenient, especially with the coding scheme in place. It’s good to plan ahead and consider what works best for your mobility and comfort. Thanks for sharing your insight!
Im love to be back in philipines whennim retired
thanks! 🤩
How much is health insurance in the
Philippines?
Problema kapag nag retire ka sa Pinas, parati kang aabalahin ng mga relatives and friends asking for ayuda.
😁
Live far away
Walang problema yan sa relatives ko, majority of them have a decent jobs and working abroad.
up to you to set clear boundaries and limitations, bakit laging pinoproblem yan? hawak ba nila wallet at ATM nyo?
Retire broke no one will bother you!👍🌏
Is that US or CAD?
570 minimum wage...pede po ba akonmag retire sa luxury class? 🧐
Retired US Navy 22yrs retired at 44 yrs old monthly pension $3K VA pension $2K with free healthcare anywhere in the world thru Tricare plus SS when reach retirement age of 62 and additional savings
Absolutely. Liked and subscribed too fellow vloggers too
Thanks for the sub!
Folks let’s utilize this forum here to enrich ourselves with relatable experiences and views from people who follow this channel’s platform. Thank you.❤️👍🌏
Please include taxes and insurance of properties
I try already ,mas lalong magastos,walang good inviroment, super hot the weather,walang kang magandang protekson,kahit Anong laki ang retirement pension mo doesn’t work Sa totou Lang, mas safety pa rin dito sa US,bakasyon puede pero tumira dyan No Way!
@@alextobias1320 thank you for sharing
@@salee_talks yeah Sa totou Lang mas comfortable pa din ako sa US everything is here hindi ako nag-aalala specially Malaga ako nagretiro At the age of 50 years old dalawa ng Anak ko both are professional a Phd. At IT both still single,magastos dyan try na kami sa Cebu we have a Condo unit closed to the Airport,meron din kami sa Samal Island Davao, sa Batangas pa,cguro around $15,000 in every 2 months ang nagagastos ko pagkain,travel dyan ,kaya nga Mabuti hindi ako bumili ng sasakyan agad kundi laki ng pagsisisi ko,marami pang mga kapag-Anak na humihingi ng tulong,kaya nga ako bumili ng Condo sa Cebu para hindi na nila ako pustahan doon pero ganon pa din, ako Born and Raised ako sa Manila,at age of 24 years old migrate na ako sa US,maganda Lang dyan ay good for vacation in a month, for stay a permanent no Way! Marami pang manloloko dyan na mga Doctor kapag Alam nila na US resident ka tapos magpa-emergency ka sa Hospital wow grabe ang laki ng bayaran mo muna kahit my Insurance ka.
Thank you very much for the expenses for lifestyle in Philippines.
How about expenses for makati city, comfortable or luxury lifestyle please - for a foreigner / filipina couple please?? Thank you very much. 😊😊😊
Your estimates don't consider costs of flying to ph, temporary hotel, type of retirement visa, visa deposit, finding a long term rental, deposits, transportation, health insurance, vehicle insurance. Tell the whole story instead of leaving out very expensive additional costs. Be honest with viewers
Thank you for bringing up these important considerations. You're absolutely right-there are many additional costs associated with moving and living abroad that need thorough planning and consideration. My aim with the videos is to introduce these topics progressively to avoid overwhelming viewers. However, I appreciate your feedback and see the value in addressing these complex aspects more comprehensively. Your input is invaluable in making this resource as useful and honest as possible. Thank you!
@salee_talks you're welcome. I'm still searching for a house rental near bacong area for Feb when I retire. I'm going to extend tourist visa out to 3 years before deciding my permanent retire home. Maybe you can suggest possible rentals then. Would love to meet you then. I'm 62 from us and quite tall 6'6" brown eyes/hair. Look forward to your response