"5-Minutes With Reekay" channel.. www.youtube.com/@5minuteswithreekay/videos See this week's most interesting comments/questions here.. www.youtube.com/@Lifebeyondthesea/community -- The Only Filipina Dating Site I recommend.. bit.ly/christian-filipina-dating -- For Expat Health Insurance in the Philippines, please contact Michael Onstad at; facebook.com/monstad1 or email at; michael.onstad@loc-consultants.com -- How I send Money to the Philippines.. remit.ly/1amhoix -- Loctote Flak Sack Ⅱ - Anti Theft Backpack.. amzn.to/3tXuBDk -- Get a Quote on Expat Health Insurance.. bit.ly/expat-insurance-LBTSea View My Videos by Category here.. bit.ly/reekays-video-playlists My Twitter.. twitter.com/lifebeyondsea My New Heaven & Earth Podcast Channel. (theology) ruclips.net/user/LATENIGHTWithReekay More at www.lifebeyondthesea.com If you find my content helpful, I appreciate the support. bit.ly/thanks-reekay-lifebeyondthesea Reach me at; facebook.com/reekay.new JOIN as a Member to show your support for the channel! bit.ly/JOIN-Reekays-LifeBeyondTheSea _____________________________________________________________________ This channel contains affiliate links that support the channel at no extra cost to you. Thanks for your support! Some music may be provided by; RUclips Audio Library Wondershare/Filmora Audio Creative Commons Music by Jason Shaw on audionautix.com
Congratulations on the hundred thousand subs I met you and Dumaguete about eight years ago you’re the first guy that I watched and one of the reasons why I liked him so much I actually bought some property there and going to build a house and three apartments up above Valenciajust wanted to say thank you. I’ve enjoyed all your videos over the years.
I had the same idea years ago, thought it was just me. Seems better than wasting away in a nursing home. Wallowing around in a pool of my own filth, while no-one cares.
Another way of saying it is "i'm going to go die in the Philippines". I watched as Davao Docs, considered one of the best hospitals in Davao, killed my friend at the age of 72. He actually hated Davao but he was basically stuck there. He wanted to be in Argentina, where he loved it but his Social Security money wasn't enough. In his mind, he couldn't go back to America because he couldn't afford it. Also, he let the part B of his Medicare go years ago for non payment. It was sad watching him, stuck there at the mercy of the hospital. He couldn't even check out because if you don't pay the bill, they hold you for ransom. He checked in the hospital only because he couldn't piss due to prostate (And/or maybe the medication they gave him. That's what he thought anyway). They inserted the catheter wrong (with no anesthesia) and the urine bag filled up with blood. It was only a matter of time after that, about three or four weeks. He just lost the will to live and said fuck it, good night. (They actually do have hospice in the Philippines, but it's really hard to find. I was helping to get that set up, but his girlfriend flipped out and wouldn't allow it because they're superstitious about that stuff. She thought it would be like killing him). He could have flown to any state in the US or any US province like Costa Rica. His part A of Social Security would've paid for hospital. (you don't need an apartment if you're in the hospital). Flying to America would have at least saved his life. Also, don't forget if you've been in the country for more than six months you need to go to the immigration for exit clearance. That takes about two days. There may be a medical emergency exemption, but I don't know how that works
sorry to hear about what happened to your friend. that is inexcusable. :( it also highlights something i've heard many expats say, being, "if i get sick i'll just fly to thailand or vietnam or guam." it's a HUGE assumption that when an illness occurs that traveling on a plane is even an option. sudden and dire health issues mean you're in no condition to wait around an airport terminal, land in another country, and get into a hospital.
If you're an expat from the US, you become eligible for Medicare at a certain age. I was on Medicare when I was on kidney dialysis for many years (thanks to Tricky Dick for signing that legislation into law before I was even born) and it's fantastic. US Medicare, which is a sister program of social security, might be the best option for state medical care for the elderly, which is what the program was designed for. Other important thing is to figure out how much money you have saved and how much you can take out. The Gold Standard rule of thumb, for decades, has been the 4% rule, which says that if you're properly invested, you can withdraw 4% of your total nest egg every single year and you will never run out of money. A lot of modern money managers think that rule is too conservative and favor a 5% rule instead. If your budget abroad is $1,500 to $2,000 a month, or $18,000 to $24,000 a year, you need between $450,000 and $600,000 invested, using the 4% rule, to never run out of money. The stock market contracted in 2022, but it went to the moon in 2023 and is doing very well in 2024 thus far. The 4% rule is designed so that you never hurt your future viability by withdrawing money in a contracting market that you can't make up quickly in a market boom. Another thing to think about is that if you retire at, say, 50 years old, you will have a decade in another country during which your health is probably dependable for compound interest to double the size of your next egg. Don't pull from your savings that first decade, instead, get a part time job to help with living expenses or a part-time remote job for an employer in your home country, to help with expenses. Your nest egg will very likely double in that decade you didn't touch it but in which you were semi-retired. If you're 50 and you have $300,000 in savings (as an example) if you move abroad and get a part-time remote work job and you don't touch that nest egg until you're 60 (while not contributing anything further to the egg's growth out of pocket) there's an excellent chance that nest egg will have doubled in value to $600,000 with you having done nothing but wait for ten years. That's the miracle of compound interest, and it can be a powerful weapon in helping you retire earlier than you thought you could.
Australian Superannuation follows the 5% path once you retire. You accumulate money in your Superannuation Fund, and then when you retire, you then have to roll over what you have in your Super Fund into a Pension Fund which then generates an income stream which at a minimum must be 5% of the net value of your Pension Fund and is Tax Free if you are over 60.
I'm from Spain (free health care), so yeah, I see myself returning when things get ugly enough. I'm also 49 at the moment (will move to the Phillies next year), so I guess it'll be self insurance for me, for the time being. In any case, living with no savings there is definitely out of the picture.
I been watching your vlog..i have a plan to move there ( in a pipe line). From your videos i got alot of info about culture and society. The way of surviving in philippines. Alot of information im collecting..thanks for keep bringing different types of topic for philippines. Appreciate it. One day i will visit you personally for advice.
Here is what I want to do, I make $3000 a month on retirement, not enough for the States, so Im coming over to the Philippines, would love to Find a women, but if not that is ok to. I want to live off ot $2000, and put the rest away so in ten years I will have $100,000 in case something happens when I get to my 70's, Im 63 right now
Sorry pal but 3k can make it in the States. My suggestion is to relocate to less expensive areas in the US. It is very doable all throughout this country.
Wise decision sir thinking along the same lines. Last round in US cost me $140,000.00 meds are cheap except one of them cost $650.00 a bottle taking two a day adds up. You never know.
Liked the tip about hiring a med student. I was planning on trying to find a good woman but with my unlucky experiences with love I now have a back up plan. Looking to make it there age 50-51. Trying to build a dividend portfolio that will still keep growing beyond the money to cover living expenses. Wish you a good luck in your endeavors to change your life.
What happens when a person is elderly and not able to make visa and or id runs? Is there a way the person can get this taken care of so they aren't considered illegal? I have not heard anyone address this issue. Thank you.
A little off topic, but for the USA recipient of social security, their Filipina survivor spouse/children will not get social security survivors benefits unless they are us citizens or have 5 years of us residency.. i was quite shocked by this but have confirmed this either social Security.. you did give me a good idea about the medical student.. i would gladly pay their expenses for helping me.as i am disabled but wealthy by Filipino standards.
My plan is to live near a hospital in PI/Thailand and contract out nursing care for any end of life chronic declines. That is if I am not fortunate enough just suddenly expire in my sleep. I don’t rule out a return to the west, but it would be weighted more toward spending the last years with my children/grandchildren rather than a healthcare concern, as being a burden on family is not desirable. I’m fortunate to have 2 health plans with varying degrees of global coverage for life. The only other risk I foresee, is running out of money. Which won’t happen, but inflation may make it appear so…My newest metric for judging financial viability is a hard line of being able to return to the U.S. without it experiencing a decline in an acceptable standard of living. Therefore, I will treat the first few years of retirement as if they are working years, in an investment sense, until age 62. Meaning I will treat my pension as a salary from which I must invest for retirement until SS kicks in and together exceeds the expected inflation gap. I’m guessing I’ll pass on at a low of 74, and max of 80 considering my particular family history and health. Not a bad run.
living near a hospital and planning for nursing care is a smart move. also, focusing on maintaining financial stability by treating the first few years of retirement as working years is a solid strategy.
I retired this year (age 64) but also started some additional investing (stock options trading & high-yield dividend stocks) in Oct2023 so I don't have to pull as much money from my IRAs. That's going extremely well this year so I'll keep that growing in a taxable account (for living) & an IRA account (for future) that I can control. My backup IRA (larger than my personal IRA) is managed by a fiduciary so I won't mess with it. I plan to move to the Philippines, after a 10-month exploratory trip, in about a year or two. I'm new to this type of investing and really wish I had known more about this stuff back when I was 50 or 55 years old and could have begun with this type of investing way back then so I could have enjoyed retiring much earlier. My big worry was affording nursing home care in the USA but the Philippines has other options for this (like explained in this video). When I retire to the Philippines, I'll be living in a condo in BGC so I'm close to a great hospital (St. Lukes) whenever needed.
I'm going to Dumagutue June 5 I think I'm going to see.if I want to live there i was there in Subic years ago in the Navy i was 18 now I'm retired and widower at 65 i have VA benefits fitness and health is my hobby don't drink or smoke or go to bars.i.will.look at places to live i get 3 union pensions and Social Security and 401k
A very enlightening video. I'm 74, will be coming to Cebu in February, then just 75, good health, so far, small savings, and eager to live an enjoyable life in a beautiful country. My plans were budging for what I could afford, keeping in mind a small savings each month to go to emergencies and medical. I like swimming and walking, so I'll be busy walking all over Cebu. Eventually I'll check other areas of the Philippines and will always have an emergency fund if I need to return to the US for any major reason. Wasn't planning on a girlfriend, perhaps a paid medical helper if needed. You brought up a lot of points to think about. Yes, we are getting older and weaker by the day. I already know my strength is diminishing and eventually I will need assistance at times. I'll have funds for that set aside already, and God willing, I'll enjoy a long, comfortable life there in the Philippines.
absolutely agree with you. it's crucial to have an emergency fund and to plan for medical needs as we age. swimming and walking around cebu sound like great ways to stay active and enjoy a routine in the philippines.
For me, the sweetspot is probably 6 months a year in the Philippines during the UK winter period (Oct - March) and then spring summer here, with the ability to go back if a more complex health issue arises that would be expensive to treat privately. You would definitely need medical insurance for emergencies though.
Between my pension and ssi I will be brining in 4k monthly , i retired just recently at 62 and I'm 15 months away from moving to the Philippines, I am still in the gym and I eat healthy, so I will take this timeframe to save and plan for the endgame and depending on, I'm single or married I will adjust, one thing I've noticed, Filipina's don't like talking about death and what happens after the event, so I will tread lightly about that subject and even leave a video and a what to do checklist, which will include contacting my family in the US
sounds like you have a solid plan with your pension and ssi, and it's great that you're staying healthy and planning ahead. totally agree about being sensitive when talking about death with filipinas. leaving a video and a checklist for your family is a smart idea. it's all about being prepared and respectful.
Good one 👍 That is what I see and criticize on 99% of this beauty blogger videos with 500-1000 USD pM and that’s it. No one is considering health topics. At the end you need either, like 50-100K in spare for any health issue (but to get ripped off by hospital can happen) or an international insurance what fits 350-600 USD pM over full life time (gets not cheaper pM but you older per year 😉). So take Health costs in consideration - one way or he other - and depending on life style 750-1200 pM living costs (for 2, if you’re not alone). So retirement funds monthly, health insurance and good savings and you’re „safe“ as far you can. And choose a good girl if you’re going in serious relationship (like everywhere in the world this could go in a financial mess otherwise 😉)
Thoughful video that covers everything respectfully. Now 70 running through these options, for some reson Thailand, maybe because I am Theravada although Caucasian. I am Canadian with when the chips go down there are safety nets. Like many, got my children houses, finance in order, if I totally liquidate a million canadian plus. My thoughts is not fear the reaper nor the future, focus more on where living are you the most happy. On a much smaller note, as a Buddhist many god fearing catholic philippine will turn away from me, not judging as free for them to pick a religion, just reality.
I personally am looking at moving there if my cousin can’t get my IRS crap straightened out because not going to pay another million dollars to them. Making half million a year paying 53% of gross earnings in tax social security and Medicare to the government is enough in my option actually more than I should have pay. That is the problem government is taxing the hell out of us in business for ourselves to pay for their pet projects and illegal immigrants they are letting into Our Country.
This is what I spiral out of control daily. The question is not knowing how many years you have left and what you actually have for money. How does that look in a monthly allowance. I have teased for years saying "I want to go, owing!"
Congrats on your 100k subscribers reekay! Long overdue. I'm a long time viewer (about 8 or 9 years) and your videos inspired me to travel to Asia, find a Thai girlfriend and consider non-US options for retirement. I'm in my mid 40s, so 20 years away, I see South America emerging as a hot spot and Asia used up with current retirees and systems in play to take away money from expats.
sure thing. :) good meeting you and thanks for the info on building your house. drop me a line at my FB and we can meet up for some coffee in Tag. facebook.com/reekay.new
100,000. I just noticed that. Congrats on years of hard work building your channel. So much for all the doom and gloomer youtube rats who said your demise was soon in coming. LOL
Congratulations on the hundred thousand subs I met you and Dumaguete about eight years ago you’re the first guy that I watched and one of the reasons why I liked him so much I actually bought some property there and going to build a house and three apartments up above Valencia just wanted to say thank you. I’ve enjoyed all your videos over the years.
"5-Minutes With Reekay" channel.. www.youtube.com/@5minuteswithreekay/videos
See this week's most interesting comments/questions here..
www.youtube.com/@Lifebeyondthesea/community
-- The Only Filipina Dating Site I recommend.. bit.ly/christian-filipina-dating
-- For Expat Health Insurance in the Philippines, please contact Michael Onstad at;
facebook.com/monstad1 or email at; michael.onstad@loc-consultants.com
-- How I send Money to the Philippines.. remit.ly/1amhoix
-- Loctote Flak Sack Ⅱ - Anti Theft Backpack.. amzn.to/3tXuBDk
-- Get a Quote on Expat Health Insurance.. bit.ly/expat-insurance-LBTSea
View My Videos by Category here.. bit.ly/reekays-video-playlists
My Twitter.. twitter.com/lifebeyondsea
My New Heaven & Earth Podcast Channel. (theology) ruclips.net/user/LATENIGHTWithReekay
More at www.lifebeyondthesea.com
If you find my content helpful, I appreciate the support.
bit.ly/thanks-reekay-lifebeyondthesea
Reach me at; facebook.com/reekay.new
JOIN as a Member to show your support for the channel!
bit.ly/JOIN-Reekays-LifeBeyondTheSea
_____________________________________________________________________
This channel contains affiliate links that support the channel at no
extra cost to you. Thanks for your support!
Some music may be provided by;
RUclips Audio Library
Wondershare/Filmora Audio
Creative Commons Music by Jason Shaw on audionautix.com
Congratulations Reekay with 100.000 subscribers,you deserve it.
Congrats on 100k subs, you deserve it 👍
Congratulations on the hundred thousand subs I met you and Dumaguete about eight years ago you’re the first guy that I watched and one of the reasons why I liked him so much I actually bought some property there and going to build a house and three apartments up above Valenciajust wanted to say thank you. I’ve enjoyed all your videos over the years.
🎉 congratulations Reekay on 100k subs!!!🎉😀 it’s about time after all these years. appreciate all the insights and good topics.
I know a time will come when I need to go out into the woods and have the bears eat me.
I had the same idea years ago, thought it was just me. Seems better than wasting away in a nursing home. Wallowing around in a pool of my own filth, while no-one cares.
But no bears in the Fills.
Congratulations on 100K subscribers. Continued success. All the best to you and Ve.
Another way of saying it is "i'm going to go die in the Philippines".
I watched as Davao Docs, considered one of the best hospitals in Davao, killed my friend at the age of 72.
He actually hated Davao but he was basically stuck there. He wanted to be in Argentina, where he loved it but his Social Security money wasn't enough. In his mind, he couldn't go back to America because he couldn't afford it. Also, he let the part B of his Medicare go years ago for non payment.
It was sad watching him, stuck there at the mercy of the hospital. He couldn't even check out because if you don't pay the bill, they hold you for ransom.
He checked in the hospital only because he couldn't piss due to prostate (And/or maybe the medication they gave him. That's what he thought anyway). They inserted the catheter wrong (with no anesthesia) and the urine bag filled up with blood. It was only a matter of time after that, about three or four weeks. He just lost the will to live and said fuck it, good night. (They actually do have hospice in the Philippines, but it's really hard to find. I was helping to get that set up, but his girlfriend flipped out and wouldn't allow it because they're superstitious about that stuff. She thought it would be like killing him).
He could have flown to any state in the US or any US province like Costa Rica. His part A of Social Security would've paid for hospital. (you don't need an apartment if you're in the hospital). Flying to America would have at least saved his life.
Also, don't forget if you've been in the country for more than six months you need to go to the immigration for exit clearance. That takes about two days. There may be a medical emergency exemption, but I don't know how that works
sorry to hear about what happened to your friend. that is inexcusable. :(
it also highlights something i've heard many expats say, being, "if i get sick i'll just fly to thailand or vietnam or guam." it's a HUGE assumption that when an illness occurs that traveling on a plane is even an option. sudden and dire health issues mean you're in no condition to wait around an airport terminal, land in another country, and get into a hospital.
I've seen the same thing at hospitals here in the states, the old saying that doctors bury their mistakes is very true... And applies everywhere.
100k! Congratulations. Well deserved.
Thank you so much 😀
If you're an expat from the US, you become eligible for Medicare at a certain age. I was on Medicare when I was on kidney dialysis for many years (thanks to Tricky Dick for signing that legislation into law before I was even born) and it's fantastic. US Medicare, which is a sister program of social security, might be the best option for state medical care for the elderly, which is what the program was designed for.
Other important thing is to figure out how much money you have saved and how much you can take out. The Gold Standard rule of thumb, for decades, has been the 4% rule, which says that if you're properly invested, you can withdraw 4% of your total nest egg every single year and you will never run out of money. A lot of modern money managers think that rule is too conservative and favor a 5% rule instead.
If your budget abroad is $1,500 to $2,000 a month, or $18,000 to $24,000 a year, you need between $450,000 and $600,000 invested, using the 4% rule, to never run out of money. The stock market contracted in 2022, but it went to the moon in 2023 and is doing very well in 2024 thus far. The 4% rule is designed so that you never hurt your future viability by withdrawing money in a contracting market that you can't make up quickly in a market boom.
Another thing to think about is that if you retire at, say, 50 years old, you will have a decade in another country during which your health is probably dependable for compound interest to double the size of your next egg. Don't pull from your savings that first decade, instead, get a part time job to help with living expenses or a part-time remote job for an employer in your home country, to help with expenses. Your nest egg will very likely double in that decade you didn't touch it but in which you were semi-retired. If you're 50 and you have $300,000 in savings (as an example) if you move abroad and get a part-time remote work job and you don't touch that nest egg until you're 60 (while not contributing anything further to the egg's growth out of pocket) there's an excellent chance that nest egg will have doubled in value to $600,000 with you having done nothing but wait for ten years. That's the miracle of compound interest, and it can be a powerful weapon in helping you retire earlier than you thought you could.
Australian Superannuation follows the 5% path once you retire. You accumulate money in your Superannuation Fund, and then when you retire, you then have to roll over what you have in your Super Fund into a Pension Fund which then generates an income stream which at a minimum must be 5% of the net value of your Pension Fund and is Tax Free if you are over 60.
Now you got 100k subscribers! That’s great!
thanks! :)
I've been watching you for 12 years Henry since 2012. As they say "You've come a long way baby!" Congratulations Man! 👍
it's been fun. and quite the adventure. :)
I'm from Spain (free health care), so yeah, I see myself returning when things get ugly enough.
I'm also 49 at the moment (will move to the Phillies next year), so I guess it'll be self insurance for me, for the time being.
In any case, living with no savings there is definitely out of the picture.
I been watching your vlog..i have a plan to move there ( in a pipe line). From your videos i got alot of info about culture and society. The way of surviving in philippines. Alot of information im collecting..thanks for keep bringing different types of topic for philippines. Appreciate it. One day i will visit you personally for advice.
Here is what I want to do, I make $3000 a month on retirement, not enough for the States, so Im coming over to the Philippines, would love to Find a women, but if not that is ok to. I want to live off ot $2000, and put the rest away so in ten years I will have $100,000 in case something happens when I get to my 70's, Im 63 right now
that is a very do-able and robust plan.
Sorry pal but 3k can make it in the States. My suggestion is to relocate to less expensive areas in the US. It is very doable all throughout this country.
Wise decision sir thinking along the same lines. Last round in US cost me $140,000.00 meds are cheap except one of them cost $650.00 a bottle taking two a day adds up. You never know.
Good advice that needs to be seriously considered. As Always, May God Bless you and yours! 😇
Thank you! You too!
Liked the tip about hiring a med student. I was planning on trying to find a good woman but with my unlucky experiences with love I now have a back up plan. Looking to make it there age 50-51. Trying to build a dividend portfolio that will still keep growing beyond the money to cover living expenses. Wish you a good luck in your endeavors to change your life.
What happens when a person is elderly and not able to make visa and or id runs? Is there a way the person can get this taken care of so they aren't considered illegal? I have not heard anyone address this issue. Thank you.
visa renewals can now be done online.
a single expat can also consider getting an SRRV. while married expats can get a 13A (spousal) visa.
A little off topic, but for the USA recipient of social security, their Filipina survivor spouse/children will not get social security survivors benefits unless they are us citizens or have 5 years of us residency.. i was quite shocked by this but have confirmed this either social Security.. you did give me a good idea about the medical student.. i would gladly pay their expenses for helping me.as i am disabled but wealthy by Filipino standards.
Thanks. This is an option I'm looking into. I enjoy your insight.
And I like this format you used.
Awesome, thank you!
My plan is to live near a hospital in PI/Thailand and contract out nursing care for any end of life chronic declines. That is if I am not fortunate enough just suddenly expire in my sleep. I don’t rule out a return to the west, but it would be weighted more toward spending the last years with my children/grandchildren rather than a healthcare concern, as being a burden on family is not desirable. I’m fortunate to have 2 health plans with varying degrees of global coverage for life.
The only other risk I foresee, is running out of money. Which won’t happen, but inflation may make it appear so…My newest metric for judging financial viability is a hard line of being able to return to the U.S. without it experiencing a decline in an acceptable standard of living. Therefore, I will treat the first few years of retirement as if they are working years, in an investment sense, until age 62. Meaning I will treat my pension as a salary from which I must invest for retirement until SS kicks in and together exceeds the expected inflation gap. I’m guessing I’ll pass on at a low of 74, and max of 80 considering my particular family history and health. Not a bad run.
living near a hospital and planning for nursing care is a smart move. also, focusing on maintaining financial stability by treating the first few years of retirement as working years is a solid strategy.
Congratulations on well deserved 100k.
Thank you so much 😀
Give yourself a massive pat on the back, 100k that`s quite something, well done indeed
LOVE THIS GREAT VLOG
Go-Go Years, Slo-Go Years, and No-Go Years. The No-Go Years are when assistance is definitely required
I retired this year (age 64) but also started some additional investing (stock options trading & high-yield dividend stocks) in Oct2023 so I don't have to pull as much money from my IRAs. That's going extremely well this year so I'll keep that growing in a taxable account (for living) & an IRA account (for future) that I can control. My backup IRA (larger than my personal IRA) is managed by a fiduciary so I won't mess with it. I plan to move to the Philippines, after a 10-month exploratory trip, in about a year or two. I'm new to this type of investing and really wish I had known more about this stuff back when I was 50 or 55 years old and could have begun with this type of investing way back then so I could have enjoyed retiring much earlier. My big worry was affording nursing home care in the USA but the Philippines has other options for this (like explained in this video). When I retire to the Philippines, I'll be living in a condo in BGC so I'm close to a great hospital (St. Lukes) whenever needed.
very good planning.
I'm going to Dumagutue June 5 I think I'm going to see.if I want to live there i was there in Subic years ago in the Navy i was 18 now I'm retired and widower at 65 i have VA benefits fitness and health is my hobby don't drink or smoke or go to bars.i.will.look at places to live i get 3 union pensions and Social Security and 401k
you'll be in good shape, easily pocket money into savings each month.
A very enlightening video. I'm 74, will be coming to Cebu in February, then just 75, good health, so far, small savings, and eager to live an enjoyable life in a beautiful country. My plans were budging for what I could afford, keeping in mind a small savings each month to go to emergencies and medical. I like swimming and walking, so I'll be busy walking all over Cebu. Eventually I'll check other areas of the Philippines and will always have an emergency fund if I need to return to the US for any major reason. Wasn't planning on a girlfriend, perhaps a paid medical helper if needed. You brought up a lot of points to think about. Yes, we are getting older and weaker by the day. I already know my strength is diminishing and eventually I will need assistance at times. I'll have funds for that set aside already, and God willing, I'll enjoy a long, comfortable life there in the Philippines.
absolutely agree with you. it's crucial to have an emergency fund and to plan for medical needs as we age. swimming and walking around cebu sound like great ways to stay active and enjoy a routine in the philippines.
Good for you at getting to 100k.
Thanks!
Congratulations on reaching 100k subscribers 👏
For me, the sweetspot is probably 6 months a year in the Philippines during the UK winter period (Oct - March) and then spring summer here, with the ability to go back if a more complex health issue arises that would be expensive to treat privately. You would definitely need medical insurance for emergencies though.
Between my pension and ssi I will be brining in 4k monthly , i retired just recently at 62 and I'm 15 months away from moving to the Philippines, I am still in the gym and I eat healthy, so I will take this timeframe to save and plan for the endgame and depending on, I'm single or married I will adjust, one thing I've noticed, Filipina's don't like talking about death and what happens after the event, so I will tread lightly about that subject and even leave a video and a what to do checklist, which will include contacting my family in the US
sounds like you have a solid plan with your pension and ssi, and it's great that you're staying healthy and planning ahead.
totally agree about being sensitive when talking about death with filipinas. leaving a video and a checklist for your family is a smart idea. it's all about being prepared and respectful.
Good one 👍
That is what I see and criticize on 99% of this beauty blogger videos with 500-1000 USD pM and that’s it. No one is considering health topics.
At the end you need either, like 50-100K in spare for any health issue (but to get ripped off by hospital can happen) or an international insurance what fits 350-600 USD pM over full life time (gets not cheaper pM but you older per year 😉).
So take Health costs in consideration - one way or he other - and depending on life style 750-1200 pM living costs (for 2, if you’re not alone). So retirement funds monthly, health insurance and good savings and you’re „safe“ as far you can. And choose a good girl if you’re going in serious relationship (like everywhere in the world this could go in a financial mess otherwise 😉)
CONGRATULATIONS BRO!!!
Thank you so much 😀
Fantastic Reekay....100k
🎉
Thoughful video that covers everything respectfully. Now 70 running through these options, for some reson Thailand, maybe because I am Theravada although Caucasian. I am Canadian with when the chips go down there are safety nets.
Like many, got my children houses, finance in order, if I totally liquidate a million canadian plus. My thoughts is not fear the reaper nor the future, focus more on where living are you the most happy.
On a much smaller note, as a Buddhist many god fearing catholic philippine will turn away from me, not judging as free for them to pick a religion, just reality.
i discussed the religion issue in more detail here.. ruclips.net/video/2BeX8sQYOic/видео.html
I’m moving next year….4300$ a month. And I still don’t think it’s enough.
you'll be more than fine.
I like the "Gio" method of filipina recon. It's more my style.
I personally am looking at moving there if my cousin can’t get my IRS crap straightened out because not going to pay another million dollars to them. Making half million a year paying 53% of gross earnings in tax social security and Medicare to the government is enough in my option actually more than I should have pay. That is the problem government is taxing the hell out of us in business for ourselves to pay for their pet projects and illegal immigrants they are letting into Our Country.
This is what I spiral out of control daily. The question is not knowing how many years you have left and what you actually have for money. How does that look in a monthly allowance.
I have teased for years saying "I want to go, owing!"
Congrats on your 100k subscribers reekay! Long overdue. I'm a long time viewer (about 8 or 9 years) and your videos inspired me to travel to Asia, find a Thai girlfriend and consider non-US options for retirement. I'm in my mid 40s, so 20 years away, I see South America emerging as a hot spot and Asia used up with current retirees and systems in play to take away money from expats.
Hi Reekay. I'm Patrick the guy who met you at BQ mall Bohol. If you're still in Bohol let's get together.
sure thing. :) good meeting you and thanks for the info on building your house. drop me a line at my FB and we can meet up for some coffee in Tag.
facebook.com/reekay.new
These girls can also live normally in Germany.
100,000. I just noticed that. Congrats on years of hard work building your channel. So much for all the doom and gloomer youtube rats who said your demise was soon in coming. LOL
Thank you very much!
And inevitably, your dollar is going to be worth 50 Cent or less.
Congratulations on the hundred thousand subs I met you and Dumaguete about eight years ago you’re the first guy that I watched and one of the reasons why I liked him so much I actually bought some property there and going to build a house and three apartments up above Valencia just wanted to say thank you. I’ve enjoyed all your videos over the years.