ghernandez88 Posted March 9, 2008 Share Posted March 9, 2008 To earn 50,000 a month (600,000 a year)from a time deposit that pays 6.00% net you must deposit ten million pesos (10,000,000). 10,000,000 times 6.00% = 600,000 a year What do you guys think? i think a more conservative figure would be 4% withdrawal from your principle. this way your original investment will continue to grow with inflation and you do not exhaust you nestegg. g Quote Link to comment
ghernandez88 Posted March 9, 2008 Share Posted March 9, 2008 i spend about 150,000 pesoses per monthsinglelive in fort boni condo (which is paid for) hello eagleyes: you are in the exact position i want to be in when in by 2015 (i will be 45); i have a condo in two serendra section d as well; so we will be nieghbors sorta (turnover march 2010) that is also paid in full. i just returned from manila last week and am quite happy with the progress of serendra and fbgc. i would like to have an active lifestyle when i am in manila. of the P150 what is the breakdown for normal fixed living expenses outside of gimics........example: electric, cable, hoa, food, transportation, etc. thank you and congratulations. i have something to aspire to now. george Quote Link to comment
igol ays Posted March 10, 2008 Share Posted March 10, 2008 hello eagleyes: you are in the exact position i want to be in when in by 2015 (i will be 45); i have a condo in two serendra section d as well; so we will be nieghbors sorta (turnover march 2010) that is also paid in full. i just returned from manila last week and am quite happy with the progress of serendra and fbgc. i would like to have an active lifestyle when i am in manila. of the P150 what is the breakdown for normal fixed living expenses outside of gimics........example: electric, cable, hoa, food, transportation, etc. thank you and congratulations. i have something to aspire to now. george electric - if you're running your A/C most of the time, figure on spending 10K and upcable tv - sky cable has a decent plan for 1K per monthhoa - figure on P100/sqm per month for serendragas - just as expensive as stateside. your cost will depend on how much you drivecar insurance - full coverage, about 35K to 40K per yearfood - cheaper if you cook; if not, you'll easily spend 1K per daycell phone - you'll probably use up about P4K of load per month if you talk as much as textwater - depending on use; perhaps 1K or more health/dental careclothinginternetvacationsland linegimiksmisc Quote Link to comment
ghernandez88 Posted March 11, 2008 Share Posted March 11, 2008 electric - if you're running your A/C most of the time, figure on spending 10K and upcable tv - sky cable has a decent plan for 1K per monthhoa - figure on P100/sqm per month for serendragas - just as expensive as stateside. your cost will depend on how much you drivecar insurance - full coverage, about 35K to 40K per yearfood - cheaper if you cook; if not, you'll easily spend 1K per daycell phone - you'll probably use up about P4K of load per month if you talk as much as textwater - depending on use; perhaps 1K or more health/dental careclothinginternetvacationsland linegimiksmisc thanks for sharing! much appreciated! Quote Link to comment
caseyraybeck Posted April 11, 2008 Share Posted April 11, 2008 I grew up in Baguio and I agree that it's not a bad place to retire for balikbayan and so on. Having a car is not a necessity unless you live in the outer edges of town. Entertaiment can be a problem since it is mostly tailored to cater to the younger crowd. 40 to 50k a month is more than enough to cover expenses for a couple. Quote Link to comment
kenshin11 Posted May 1, 2008 Share Posted May 1, 2008 It depends on your life style. I would use the last salary you will have before you retire adding 8% every year for inflation. To prepare for it, you have to start setting up your retirement fund to provide for your current income. After 3 years, recompute for changes and fill in any Gap in your fund, do not relay only on government or company provided retirement fund. It might also be wise to invest in other currency to lessen the impact of inflations. This can be done by foreign denominated mutual funds. Just remember that your retirements funds should be long term and do not touch it. Quote Link to comment
skicker Posted May 7, 2008 Share Posted May 7, 2008 Ngayong tumaas na lahat ng bilihin at ang dollar ay bumaba ang buying power..tanong mga kapatid. na nag re rely sa dollar...is it still feasible na mag retire sa pilipinas given the current situation at ano ang dapat gawin para ma offset ito.. Quote Link to comment
mnlbay45 Posted May 16, 2008 Share Posted May 16, 2008 mawalang galang po, isa sa mga friends ko, yung 1st GI bill enought for the whole year and some, so the rest pinag-pagawa nang bahay for the next 3 years of the school time. Some good products after 20 some BS! he, he, he ba pwede pa pala kayong mag-medicine! Tama din po yung control sa vices, 50,000 can easily burn up. Cebu seems to be a nice place, yung accent nang mga Cebuana... aaay naka-i-inlove. (walang hihirit dyan!) d food was cheap too! Yung asawa nang kamaganak ko, puti may bar sa Clark, sitting preatty lang. some fyi lang po. Quote Link to comment
Guest airmax Posted May 16, 2008 Share Posted May 16, 2008 gusto ko lang magtayo ng negosyo pagka nagretire ako. but i'd like to have houses here in the us and in the philippines. Quote Link to comment
joss Posted May 17, 2008 Share Posted May 17, 2008 retirement is the same as unemployment hahaha.... kaya ngayon pa lang alamin nyo na kung paano gagawin nyo kung wala na kayong malalaking suweldo ...yan ang tutoo kasi dami ko nakitang nag retire may pera di naman alam kung ano gagawin ayun sandali lang ubos na ..ano naman aasahan nila sa SSS at GSIS . Quote Link to comment
axlerose100 Posted May 17, 2008 Share Posted May 17, 2008 Even if retirement is a loooong time away for me, I think we should all view it as a chance for taking on your 2nd career or something you are passionate about. Yun bang mageenjoy ka na lang sa gagawin mo for the rest of your life. Assuming next to zero liabilities, I think I'd be content with around 60K/mo. passive income if I was to retire today. I'd be living the simple life lang naman. Quote Link to comment
eddie_brock Posted May 19, 2008 Share Posted May 19, 2008 i will retire at a very young age.... early 30's.... isang maliit na negosyo at sariling bahay ok na kasi sa kin... ayoko kasi tumanda na nagtatrabaho pa rin... Quote Link to comment
dem0liti0nman Posted May 21, 2008 Share Posted May 21, 2008 pag me sarili na akong bahay at makapagumpisa ng maliit na negosyo ok na ako sa pinas Quote Link to comment
shrike Posted June 12, 2008 Share Posted June 12, 2008 depends on your lifestyle. cost of retirement varies. cheaper if done in suburbs or provinces. Quote Link to comment
chitosci Posted June 17, 2008 Share Posted June 17, 2008 makapagpatayo lang ako ng maganda gandang apartment, magreretire na ko Quote Link to comment
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