I recently lost my job at the age of 45. In addition to having access to Tricare and VA healthcare, I also receive a 9K military pension. I'm thinking of selling or renting my house and moving overseas with my cash, assets, and 401(k). What are some good passive income opportunities?
I'm not sure whether I should merge all of my investing accounts into one. If so, what should I know and how should I respond to this? In addition, I intend to sell my property, which might potentially fetch an additional $200,000. Is it better to put everything in one account or spread it out among several investments?
These are important questions for a financial planner. I met mine at a summit, and with her assistance, my wife and I reallocate our $1.7 million assets between a regular IRA and a brokerage account. She has been handling the investment with our agreement and has helped us recover twice as much as we lost. Currently holding steady and gently navigating the market.
Another great video Re´! I believe Mike made a comparison between travel insurance and full medical insurance which is what Cigna offers. People need to be aware there is a big difference depending on your needs.
@@adventurefreaksss So, I spoke with a Cigna rep. some time ago now. There were basically three plans with different coverage and prices. And, it depends on your age. I'm over 50 and I think it was around $5k per year for just me. This would cover me in over 100 countries (not including the US). It's 'real' health insurance like Kaiser Permanente or Blue Cross for instance.
Always feel watching your interviews, you are very enthusiastic about all the experiences that your guests are explaining. Would be cool to find out about your own travel experiences, which places would you go to and where you would choose to visit and stay in your own retirement 😊
Thank you Roy. I truly appreciate that. I need to make a video that explains my experience as I've not done that yet. I really enjoy meeting all of these wonderful people and hearing their stories and breaking down the affordable lifestyle for those that tune in. I do really love it. Thanks again!
Retirement visa for ex military needs you to deposit a refundable $1500 in a Philippine bank account (you can also use it to buy a condo if you want), do some paperwork and pay a one off $1400 fee and then you get a visa to stay as long as you like. Non military expats must be over 50, deposit $20000 (still refundable and can be used to buy a condo). These are basic details only. There are other things that apply for a couple of other situations.
@@jhonnyfromme2109 The Philippines high temperature in 2024 was 53° C, Thailand's high was 44° C, and Cambodia's high was the coolest of the three at 42° C.
Great video ... A trike (tricycle) is only a motorbike with a sidecar, some neighborhoods use pushbikes instead, but they can squeeze 3-5 small people in them ... The further south you go, especially in the provinces, English is less used, mostly with the older generation ... The SRRV is cheap for Vets, $10,000 with a state type pension or $20,000 if self funded. Over 50yo only ... Vegetables and fruit can be cheaper in the fresh markets, and some fish or chicken. Any other meats can be dubious for a weak stomach and better bought from the bigger malls (more hygienic) ... 😁
I have a truck also in the Philippines on Negros oriental do you have a plan if you’re in the mountains and break down how would you get your vehicle back?
Very informative video. Thanks Mike for all the info. Can someone tell me the name of the Interviewer...The owner of this site? aka Anventure Freaksss. Thanks.
Thank you for pointing that out! You're absolutely right that not everyone in the Philippines speaks English, as there are many regional languages and dialects spoken across the country. However, English is widely spoken and understood, especially in urban areas, educational settings, and among younger generations. It’s one of the official languages and often used in government, business, and media, which makes it accessible for many visitors and expats. I appreciate your input!
@adventurefreaksss Your information looks like it comes from a Google search. If you visit the PI and venture away from tourist areas and urban centers that have highly educated people you'll find that a majority of Filipinos don't have much occasion to speak anything other than their native language. You'll have a difficult time finding anyone who can carry on a conversation with you in English. It's a common misconception that English is widely spoken in the Philippines. From personal experience Thailand and Cambodia are about equal to the Philippines in regards to English comprehension.
It's because the Americans took over and built schools and taught English that you'll find English speakers everywhere. The reason why English has held on is that from what I remember there are 4 or 5 major languages and over 160 regional dialects. English has become the language of business to make communication between all those groups possible. When the Spanish controlled them they kept the islanders divided. Only about 10% ever spoke Spanish but Spanish surnames are common. When you have a high birthrate and a younger demographic it stands to reason that more and more aren't learning English but if you're dealing with professionals, government workers, businessmen you'll find plenty of English speakers. And movies in English, newspapers too.
Well I've been to both places I've been to Thailand twice Philippines once. The lady I stayed with the last two times I went has been talking to me for 3 years and she couldn't even speak in English at first. I have no issues with Thailand now she can speak some we do Google translate it's a laugh because sometimes translation comes off a little wrong. Language should not be a barrier at all isn't to me. Now Tyler requires so much money coming into a Thai Bank every month and proof of it and that's a little more difficult than living in the Philippines and also Laos is supposed to be pretty easy
I’ve been living in Cambodia for 2 years. All I pay is $290.US to any Travel Agency and they get me a 12-month, multiple-entry, “ER retirement visa” within 10 days and I’m good for a year. I can renew at any Travel Agency for another year, and forever without ever leaving the country. No bank account to open. No deposit. I’m 55, so no income qualifying. No police background check. No health certificate required. Arrive in Cambodia and get the 30-day “ordinary visa” and in a couple of weeks, extend it to the ER visa as I just mentioned. Good luck! 😎
RUclips started implementing more commercials on everyones video. I was watching the highlight football game between the eagles and ravens and there was a commercial every two minutes. Very annoying!
I recently lost my job at the age of 45. In addition to having access to Tricare and VA healthcare, I also receive a 9K military pension. I'm thinking of selling or renting my house and moving overseas with my cash, assets, and 401(k). What are some good passive income opportunities?
Consulting a financial advisor is a logical step at this point, but postponing retirement could be a wiser decision
I'm not sure whether I should merge all of my investing accounts into one. If so, what should I know and how should I respond to this? In addition, I intend to sell my property, which might potentially fetch an additional $200,000. Is it better to put everything in one account or spread it out among several investments?
These are important questions for a financial planner. I met mine at a summit, and with her assistance, my wife and I reallocate our $1.7 million assets between a regular IRA and a brokerage account. She has been handling the investment with our agreement and has helped us recover twice as much as we lost. Currently holding steady and gently navigating the market.
That’s impressive! My portfolio has been struggling. Who is your advisor?
June Renae Matthysse
You are likely to find more information if you look her up online
He could get an srrv for previous military and he would deposit $1500 usd and it's good forever
Yes, I think he's looking into that now:)
Another great video Re´! I believe Mike made a comparison between travel insurance and full medical insurance which is what Cigna offers. People need to be aware there is a big difference depending on your needs.
Thank you Jack! Do you know what full medical coverage would cost over there?
@@adventurefreaksss So, I spoke with a Cigna rep. some time ago now. There were basically three plans with different coverage and prices. And, it depends on your age. I'm over 50 and I think it was around $5k per year for just me. This would cover me in over 100 countries (not including the US). It's 'real' health insurance like Kaiser Permanente or Blue Cross for instance.
Always feel watching your interviews, you are very enthusiastic about all the experiences that your guests are explaining. Would be cool to find out about your own travel experiences, which places would you go to and where you would choose to visit and stay in your own retirement 😊
Thank you Roy. I truly appreciate that. I need to make a video that explains my experience as I've not done that yet. I really enjoy meeting all of these wonderful people and hearing their stories and breaking down the affordable lifestyle for those that tune in. I do really love it. Thanks again!
@@adventurefreaksss I'm also looking forward to your story!
Retirement visa for ex military needs you to deposit a refundable $1500 in a Philippine bank account (you can also use it to buy a condo if you want), do some paperwork and pay a one off $1400 fee and then you get a visa to stay as long as you like.
Non military expats must be over 50, deposit $20000 (still refundable and can be used to buy a condo).
These are basic details only. There are other things that apply for a couple of other situations.
Great info! Thank you!!
Vegas here - Good day
Great interview, and its true, Philippines is nowhere as hot as Thailand or Cambodia.
@@jhonnyfromme2109 The Philippines high temperature in 2024 was 53° C, Thailand's high was 44° C, and Cambodia's high was the coolest of the three at 42° C.
@@KC-in9pxAll too hot for me, Baguio City it is😅
Great video ... A trike (tricycle) is only a motorbike with a sidecar, some neighborhoods use pushbikes instead, but they can squeeze 3-5 small people in them ... The further south you go, especially in the provinces, English is less used, mostly with the older generation ... The SRRV is cheap for Vets, $10,000 with a state type pension or $20,000 if self funded. Over 50yo only ... Vegetables and fruit can be cheaper in the fresh markets, and some fish or chicken. Any other meats can be dubious for a weak stomach and better bought from the bigger malls (more hygienic) ... 😁
Thank you for this additional information!!
I have a truck also in the Philippines on Negros oriental do you have a plan if you’re in the mountains and break down how would you get your vehicle back?
Very informative video. Thanks Mike for all the info. Can someone tell me the name of the Interviewer...The owner of this site? aka Anventure Freaksss. Thanks.
Thank you! Ré Esordi
Very informative video. What is the name of the travel insurance that Mike got for $168.00 per year?
Thank you for your question. Mike sent me this: Squaremouth, $180.00 every 6 months.
@@adventurefreaksss Thank you for your timely response.
What was his insurance he has for extreme circumstances?
Thank you for your question. Mike sent me this: Squaremouth, $180.00 every 6 months.
You keep saying that everyone in the Philippines speaks English but that's the farthest thing from the truth. You've obviously been misinformed.
Thank you for pointing that out! You're absolutely right that not everyone in the Philippines speaks English, as there are many regional languages and dialects spoken across the country. However, English is widely spoken and understood, especially in urban areas, educational settings, and among younger generations. It’s one of the official languages and often used in government, business, and media, which makes it accessible for many visitors and expats. I appreciate your input!
@adventurefreaksss Your information looks like it comes from a Google search. If you visit the PI and venture away from tourist areas and urban centers that have highly educated people you'll find that a majority of Filipinos don't have much occasion to speak anything other than their native language. You'll have a difficult time finding anyone who can carry on a conversation with you in English. It's a common misconception that English is widely spoken in the Philippines. From personal experience Thailand and Cambodia are about equal to the Philippines in regards to English comprehension.
It's because the Americans took over and built schools and taught English that you'll find English speakers everywhere. The reason why English has held on is that from what I remember there are 4 or 5 major languages and over 160 regional dialects. English has become the language of business to make communication between all those groups possible. When the Spanish controlled them they kept the islanders divided. Only about 10% ever spoke Spanish but Spanish surnames are common. When you have a high birthrate and a younger demographic it stands to reason that more and more aren't learning English but if you're dealing with professionals, government workers, businessmen you'll find plenty of English speakers. And movies in English, newspapers too.
@@kennethkilpatrick3758 Well said Kenneth! You would be a great history teacher:)
Well I've been to both places I've been to Thailand twice Philippines once. The lady I stayed with the last two times I went has been talking to me for 3 years and she couldn't even speak in English at first. I have no issues with Thailand now she can speak some we do Google translate it's a laugh because sometimes translation comes off a little wrong. Language should not be a barrier at all isn't to me. Now Tyler requires so much money coming into a Thai Bank every month and proof of it and that's a little more difficult than living in the Philippines and also Laos is supposed to be pretty easy
There is one issue I am concerned about; that with the retirement visa; a certain amount is needed to put into a bank account !
It is the same in Thailand as well but it's 24k. No deposit required in Cambodia!
I’ve been living in Cambodia for 2 years. All I pay is $290.US to any Travel Agency and they get me a 12-month, multiple-entry, “ER retirement visa” within 10 days and I’m good for a year. I can renew at any Travel Agency for another year, and forever without ever leaving the country. No bank account to open. No deposit. I’m 55, so no income qualifying. No police background check. No health certificate required. Arrive in Cambodia and get the 30-day “ordinary visa” and in a couple of weeks, extend it to the ER visa as I just mentioned. Good luck! 😎
@@wesgraham2262it’s there or Albania for me - easy visa in both cases.
@@wesgraham2262 You need to come on the podcast Wes!
Way too many commercials. Annoying.
RUclips started implementing more commercials on everyones video. I was watching the highlight football game between the eagles and ravens and there was a commercial every two minutes. Very annoying!
$600 utter tosh you need $10k for the visa and at least $1500 $600 in the jungle.
$600 just covers basic costs. But you sound like a wild man that could easily survive in the Jungle! That's the true Adventure Freak!!