Archive for the ‘Philippines Retirement’ Category
Retirement on Limited Income?
The prospect of retiring on a limited pension may seem bleak. How can you best enjoy the remaining years of your life? The Philippine Leisure and Retirement Authority (PLRA) might just have the answer to problems like yours.
According to PLRA, more than 10,000 retirees from 70 countries including Japan, South Korea, and China are now registered residents of the Philippines, and people like you may very well join them.
To qualify, retirees are required to maintain a US-dollar account in an accredited bank for six months. After that period, the dollar deposit may be converted into a peso account, or withdrawn for purposes of investments in the country.
All PLRA-registered retirees may invest in five areas: condominium units, new or existing corporations in the country, long-term lease of land and construction of a house, golf shares, and stocks traded in the Philippine Stock Exchange.
PLRA works closely with lawmakers, crafting a bill that, when enacted into law, would grant more incentives to non-Filipinos who wish to retire in the country. Among the additional incentives is the grant of exemption from inheritance taxes for the retirees and their beneficiaries.
Non-Filipinos may be delighted to know that real property is among the safest investments in town, and the most affordable. Prices are low, compared to other Asian countries. It is possible to acquire a big house located a few kilometers from, or a condominium unit within, Metro Manila’s business/commercial district at a cost of just P5 million, or less than US$100,000.
Foreclosed properties are much lower, of course. There are many such properties, and the banks that acquired them are offering them at very low prices. And a good number of them should appeal to the high-end buyer.
The Bank of the Philippine Islands (BPI) is one such institutions. It has a list of real properties that investors can choose from, in Metro Manila and all over the Philippines.
Vice President Yvonne Lih of BPI Property Management and Sales Division says the bank assign caretakers and guards to look after them. It also keeps tax payments updated and documents in order to facilitate sale.
For buyers from Japan—Filipino or Japanese or Filipino-Japanese—Laguna is an ideal place to enjoy their retirement. These provinces have good hospitals, private and public, that offer excellent health care. And they have less pollution problems, or none at all. So do Cebu in Central Philippines, which Japanese love to visit anyway, and a host of other cities.
The Philippines offers so much excitement with its mixture of Western and Eastern cultures.
Find Out How To Live your Philippine Dreams Now!
Lots To Do In The Philippines
Scuba Diving, boating, fishing, off road and 4WD adventures, camping, hiking, swimming, golf and just plain swinging in a hammock under a shade tree, you can do as much or as little as you want here! Bar hopping, nite clubbing, movies, restaurants, malls, modern shopping, cheap bargains, its all here!
StreetWise Guides will tell you…
- How to Live in the Philippines Full Time
- How to Meet Quality Women
- How to Buy Real Estate
- How to Navigate the Streets and the Resorts like a Seasoned Navigator Without Losing Money and Without Losing Time
- How to Earn a Living in the Philippines
- Best Ways to Renew Your Visa
- Information on Starting a New Business
- Find out the Right and Wrong Methods of Doing Things in the Philippines
- Here is the Place to Meet Hundreds of Young Hot Sexy Women that Has Never Yet Failed. And Not Bar Girls
- Information on exchanging money, hospitals & medical, school systems, domestic helpers, real estate, money, visas, places to see and avoid and much more…
- Resources to Anything You would ever need in the Philippines with Web Site Addresses
Want to Live In The Philippines?
The Philippines is an excellent place to retire, if only from a view to how you can spread your retirement savings or income or pension from month to month and still live comfortably. Forget wasting away in a retirement home or village, retire to the Philippines and really LIVE! As little as US$500 a month can see you living quietly yet comfortably in a rural province. US$1000 per month and you can live well in Cebu or Davao and if you have US$1500, even the BIG CITY, Manila, will allow you to live in perhaps even a grander style than you did back home! Maids, drivers, cooks, domestic servants are all affordable and part of the culture here and you can hire you own live-in domestic helper from as little as US$30 a month!
Philippines Retirement
The Philippines is a great place to retire for many reasons. First is the people, they may be different from ones you may know back home that have become very western. The Filipino is easy going and generally happy. They tend to smile a lot which makes a great change from the sour faces we are used to seeing around us each day. The pace of life is much slower and the attitude to just about every aspect of life is more relaxed. If you want to really get out of the Rat race then the Philippines is the place.
The Philippines is also a relatively inexpensive retirement destination where you can make your retirement dollar really stretch. There are many that are surviving very comfortably on less than $1000 per month. If you have more you can really start to enjoy some Compared to back home the cost of living is much cheaper. You will save heaps on all of the basic including accommodation, food, utilities and transport. Some imported goods can be a little more expensive but if you are prepared to look for local substitutes then you will save even more.
How many of us could afford to have our own house maid or driver back home? Can you imagine hiring a live in house maid that gets up early each morning to prepare things? That works six days a week! The cost of a such a house maid is less than 2000 pesos a month. In dollars that is just $35 a month. How many can you afford?
The Philippines has all the modern amenities you expect. There are plenty of restaurants serving international cuisine, nite clubs and entertainment spots, golf courses and other sports, shopping Malls and of course the beaches where you can just lay in that hammock and sip your favorite beverage under the shad of a coconut tree as you watch the sun set over the sea.
If you are single then perhaps one of the most attractive (pun intended) aspects to the Philippines is the Filipina women. Renowned for her beauty and femininity. The Philippines is truly a paradise for a single man.
Filipina gift shop – send A Gift to the Philippines- its much cheaper than you might think
Get your FREE copy of the StreetWise Publications Philippines Retirement Report NOW!
Our FREE ‘Getting Around The Philippines Safely’ 24 page intelligence briefing will give you the ‘heads up’ you need to make StreetWise decisions about something back home we take for granted. Transportation.
If you are dreaming about escaping the rat race, then read the experiences of Perry Gamsby who did just that and ‘escape to the Philippines. Amusing and informative, this is an excellent resource.
Getting a job in the Philippines for a foreigner is not easy, but it can be done. I did it several times. I also owned businesses and made investments. You can earn a living in the Philippines by working or starting a business.
Philippines Property Primer is the first resource many expats turn to when thinking about buying, selling, renting or developing real property in the Philippines.
This is more than just your average travel guide, this is personal risk management for the Philippines so you can enjoy your vacation to the Philippines without the hassles
The compilation of three priceless volumes on the topic of cross cultural marriage to a Filipina. From finding her to marrying her to migrating her to your country and then making it all work.
This valuable resource will help you navigate the shoals and reefs of online dating and finding a Filipina of your very own. Comprehensive and informative it is a very easy to read book. Filipina Dating – Finding your dream girls
Filipina Heart tells you everything you need to marry your Filipina, either in the Philippines or back home. It also includes valuable advice if you should go for a marriage or fiancé visa when migrating her to where you live.
Filipina Wife – Making The Magic Last is all about what to do once the novelty wears off and the hum drum of everyday life grinds on This book will help you keep the magic in your marriage to a Filipina.