Retirement In Manila

[harlequin111]

• Provinces are the best places to retire into. Cebu-mactan has a lot of koreans right now. For my retirement fund, my financial advisor helps me with that. Hopefully, i could reitre debt-free and hindi pabigat kapag nagkasakit.

[MRROUGHSEX]

if people knew you hv P10M, you'd have ppl constantly knocking on your door for loans and hand outs

 

Gosh, can you imagine how much more knocks if it's more than that? I remember someone else said Php25M may not even be enough.

[Mad Damian]

 

Gosh, can you imagine how much more knocks if it's more than that? I remember someone else said Php25M may not even be enough.

A townhouse now costs about that much though there are units going above and beyond the Php40M range.

 

Even the big cut condos costs Php35M.

[bonerrrr]

I will retire in province rather than Manila. saves you million bucks

[Paolito99]

La union or baler

[MRROUGHSEX]

A townhouse now costs about that much though there are units going above and beyond the Php40M range.

 

Even the big cut condos costs Php35M.

It's better to have more money for retirement (as in liquid) than in hard assets when retired. To each his/her own though. But yeah, if one has money to burn go with the flow but to retire in Manila (which I take to mean as Philippines), one can find good 2 bedroom condos for Php5M.

Edited July 19, 2017 by MRROUGHSEX

[3 points king]

Really depends on your lifestyle.be practical.

[BB8_RETIRED]

kasi naman, 10m is not enough, 25M is not enough, so what is enough? are we saying na hindi na lang talaga tayo mag reretire?

 

it's true, condo and townhouse cost a lot, but think of it this way, you are retiring, you want to live a good life, why would you buy a 35M apartment? for what? you can easily rent a 1br condo, or rent a house in the province for 10k,. then the rest enjoy life na lang. I mean, you have about 30years to live, live it to the fullest, just make sure you have insurance covered when you were still working, house that you already paid off, then 10M (that would generate a decent low risk income), should be more than enough in my opinion.

 

enough with the BS 25M wont get you much. c'mon!

Edited July 19, 2017 by BB8_RETIRED

[BB8_RETIRED]

kasi naman, 10m is not enough, 25M is not enough, so what is enough? are we saying na hindi na lang talaga tayo mag reretire?

 

it's true, condo and townhouse cost a lot, but think of it this way, you are retiring, you want to live a good life, why would you buy a 35M apartment? for what? you can easily rent a 1br condo, or rent a house in the province for 10k,. then the rest enjoy life na lang. I mean, you have about 30years to live, live it to the fullest, just make sure you have insurance covered when you were still working, house that you already paid off, then 10M (that would generate a decent low risk income), should be more than enough in my opinion.

 

enough with the BS 25M wont get you much. c'mon!

Edited July 19, 2017 by BB8_RETIRED

[bonerrrr]

If I have 25 million, I will live near the beach and live within my means. Saves me from pollution plus I get to eat fresh vegetables and seafoods.

[3 points king]

The best is you have some sort of passive income that can give you sure money on a monthly basis over and above your cash in the bank. ideally your children is working on their own well am talking if you are already going 50s .

[extrastrongbeer]

mas maganda mag retire a probinsya, iwas pollution pa at mataas na crime rate

[Lord Byron]

Retirement:

 

Paying Bills monthly 5k

Grocery monthly 10k

Savings for Medical Emergencies 1M

SSS Pension

VUL

Caritas HS

[AlecSexy]

i would rather retire in province cost less and less pollution

[Cuayong]

I'd retire to any place that has a stable high speed internet connection available. This keeps my social life intact, and my needs met.

 

... By needs, I meant that I could keep doing some form of light freelance work going even during retirement. Hahaha

[suade]

manila or maybe province, manila is too congested now. basta saan maraming tsiks dun ako hehe

[JohannBeckham]

Definitely not Manila. Too polluted and too crowded. Personally I would love to travel perpetually and use Australia as my based.

[flatwall]

S probnsya kc fresh air St fresh food

[Hambone]

I was pretty close to retiring during crypto's boom, maybe in the future.

 

Personally I think 30-50k a month would be enough. This includes rent. If I'll be retired, I'd prefer being able to move whenever I feel like it, including outside the country. Houses I own would be rented out. The number could be more or less though, I still plan on doing things as a side gig, whether it is to earn extra income or learn new things. Do keep in mind that this is the number I would need for the next few decades of my life. It would include investments to combat inflation as I'll probably be around for 50+ years. Also if I'd start a family I'd have to take that into account and probably get a part time job of some sort which shouldn't be too hard just to keep myself busy.

 

To earn this I'd probably need 10M. Then I can take things slow and think about my next steps and maybe pursue something that interests me.

Edited October 2, 2018 by Hambone

[MRROUGHSEX]

I was pretty close to retiring during crypto's boom, maybe in the future.

 

Personally I think 30-50k a month would be enough. This includes rent. If I'll be retired, I'd prefer being able to move whenever I feel like it, including outside the country. Houses I own would be rented out. The number could be more or less though, I still plan on doing things as a side gig, whether it is to earn extra income or learn new things. Do keep in mind that this is the number I would need for the next few decades of my life. It would include investments to combat inflation as I'll probably be around for 50+ years. Also if I'd start a family I'd have to take that into account and probably get a part time job of some sort which shouldn't be too hard just to keep myself busy.

 

To earn this I'd probably need 10M. Then I can take things slow and think about my next steps and maybe pursue something that interests me.

 

Agree!

[Hari ng Spakol]

i prefer to retire in nearby provinces

[charliehouse]

Kung may 7m ka at may bahay ka na enough na ba yun?

[Captain Guile]

maybe in Cavite or Laguna

[peoples3]

every now and then, i contemplate this haha

[beachhouse]

Tama naman yung latest computation for comfortable family of 4 is 120,000 a month to cover all expenses including yearly small trips abroad.

 

for a single person, comfortable living is about 30-35k a month. Min na siguro yung 20k.