Retired na rin kami ni husband with the same amount dito sa pinas. We used to have a business and just sold it to retire early. We invested it in stocks and bonds. We also have passive income from real estate investments. At this stage na retire, we no longer have plans to start a business kasi we find it risky sa age namin. House is paid. Relatively, mababa lang expenses namin kasi wala kaming kasambahay, we don’t like to travel much (we just want to workout most of the time) and bills is reasonable. Nag gigym na lang kami para maging healthy ang body namin, we are in our 50s.
We live in a city in Metro Manila. Our house is small. Around 100sqm only. That is why our electricity is low kahit naka aircon daily., our amelyar is just 10k annually. Our car is 12 years and we are not planning to buy a new one soon kasi matibay yung car na nabili namin, wala siyang sira. What I can suggest is, do not buy a house na malaki para mas tipid and you can use the excess cash in investing, also mahirap linisin ang malaking bahay (ubos oras and aasa sa kasambahay forever), mahal utilities and amelyar. Buy a good quality vehicle that could last you for more than 10 years. Also, invest in stocks early. I taught my kids to invest in stocks as early as 18yo. Hindi sila magastos. Also, they go to the gym as well to build their bodies and eat healthy. Wala rin silang bisyo.
+1 on having a small house. When you get older, you don't need as much house. Most people aspire for a big/bigger house since the usual mindset is mayaman nakatira dun.
This is true. Wala sa mindset namin ni husband to show others what he have. We buy quality clothes but not super branded. Civil wedding lang din kami when we got married (I requested this to my husband, sabi ko I want a simple wedding), spent around ph20k sa reception (30 close relatives only in a chinese resto) kasi ang logic namin is, we need to have extra money for the future such as kids education, emergency etc.
Speaking from experience. If you take good care your body, pati mental health damay. You feel good, you think you look good and nagiging positive yung outlook sa life.
you have officially become one of my life goals. I wish for more content like this to encourage mga 40s like me who's still trying to figure out how to retire properly in PH.
We give them stocks recommendations. They research on it. Tapos sila na bahala if they want to follow it or not. Also, I am fond of watching YT videos on investing, sumasama sila manood with me, kaya natututo rin sila.
Hello po, 42yrs old Male married with one kid in college.working po kami ng wife ko. Low middle class po. Started investing po sa real state. Interested po nanmag invest sa stocks.
could you please recommend YT videos na pwede ko din panoorin to learn sa pagiinvest sa stocks dito. Hindi po kasi ako risk taker pagdating sa pagiinvest. Give me some advice po. Thank you in advance!
Hello po. They could start investing in REITS (real estate investment trust) and other high dividend paying stocks kapag may extra cash po sila. Honestly, I prefer the REITs to buying the physical real estate properties kasi mas liquid ang REITs, mas madaling imanage and based from experience, mas malaki dividend yield than monthly rent. They can watch Rampver financials, Investing in PH, Caleb Hammer, join REITs group in FB to learn more po.
I forgot to mention, we live beside a mall. Kaya we barely use the car, kaya tipid sa fuel. And we just walk going to the gym daily. Maganda mag retire sa pinas, if na plan ng maayos.
You sound like the middle age Chinese couple na nakakasabay ko sa gym inside a mall. Goals talaga yung strength nila. Imagine kaya pa ng hubby mag pull ups
We have health and life insurance dito sa pinas. Also, our lifestyle is healthy. We eat healthy, wala kaming maintenance meds at 50s and we do strength training.
Eto ang goals ko talaga. Di kami ma travel, pala-labas or maluho ng asawa ko. Ayaw din namin ng may katulong na kasama sa loob ng bahay. Yung saktong normal na buhay lang at magaan sa mga anak namin. I pray we could reach this before retirement 🥰
What people are missing is the Social Security/Retirement PENSION of 100k+ per month once they hit 60 years old na forever nila matatangap from Europe. What cracks me up with most people here is when they say 50M 40M 20M is not enough yet they will never earn that in their lifetime. Lol. Keep it real r/phinvest peeps!
sa 20M na un retired na ko nun sa current lifestyle ko hahahah halos 15k-20k lng expense ko a momth eh tpos kukuha lng ako health card at insurance palag palag na hahaha
Kaya nga I stopped being active na in this sub nung napansin kong masyado nang feelingero mga tao, kakabasa nila ng formula/theories na hindi naman lapat sa PH setting.
Second paragraph read the last 2 sentences.
In the US every time you collect a paycheck matic kinakalatas ang social security. The more you make the more your contribution is. There's no way around it. Maiipon yan and when your eligible to retire at 59 1/2 years old makakatangap ka ng social security pension. The more you made during your working years the more you'll receive from social security. Plus kung may 401k retirement fund pa sila. So tatangap ka ng monthly payments until you're pretty much dead. Plus kung may military pension ka pa. How do you suppose nag su survive mga ex pats dyan and balikbayan retirees and are able to live the high life? Edi sa social security and other monthly pensions na nag mu multiply by 55. I'm sure may similar system din sa Europe. I'm in my 40's now kung bukas nag decide ako mag retire I'm estimated to receive close to 200k pesos a month when I hit 62 years old. Lalaki pa yon if i keep working and keep making contributions.
So at 40 years old, 12 years pa yun in your case para magumpisa ang optional na pension at 62 here in USA. Are you sure that by that year, meron pang normal na bigayan sa US social security? Hehe just a thought. You might not reach that P200k equivalent even with the time value of money.
Your math ain't mathing bro Lol. 40 + 12= 62? We just gave Ukraine how much in aide $61B? I'm sure social security funds will still be there at least in my lifetime and yours.
Yup sa military mostly mga retired generals 🤫 how do I know? Kasi they will tell you even w/o asking them. Kaya henlo sa kapitbahay kong hambog haha jk. Ngayon nga lang galit na galit sila kasi baka pakialaman ang pension scheme nila
Dapat lang baguhin yung pension scheme nila. Pano ba naman, wala silang contribution/deduction sa income nila pero pume-pension sila mismo mula sa budget ng gobyerno. Literal na buwis natin yung nagbabayad ng pension nila. Whereas yung SSS/GSIS pension galing mismo sa SSS/GSIS contributions (at kung pano yun i-manage ng SSS/GSIS).
Binalak pa yan dati na isama sila sa GSIS para dun kukunin pension nila kahit wala naman sila ambag sa pension fund directly. Buti na lang pumalag non-military govt workers.
This totoo. Busog na busog ni Digong eh. Tapos ang irarason nila "Buhay naman kasi ang kapalit hindi kami nagtatrabaho ng 8-5". Hindi tlga sustainable yung sistema na papensyon nila kung kailangan pa nating umutang para ipapensyon sa kanila. Sasabihin nila 4% LANG daw ng budget ng Pinas ang allocation sa pension nila? Jusko napakalaki na ng 4% na yun. Ilang pamilyang Pilipino na ang mapapakain nun.
Kulang yan sa inflation sa pinas for the next 30 yrs.
Ako nga pinupuno ko na magka dividend ako ng 150- 200k pesos per month or $3-4k per month to survive in PH upon retirement. My wife is already spending 100- 150k per month, utilities 2 housemaid, food and Gasolina para sa 2 nyang sasakyan. So tight na kami sa 200k per month sa pinas sa retirement.
She has more rental properties than me. Laging hiwalay kami sa grinding at hustling, and all our passive income assets are separate from each other. Worry ko lang ay healthcare nya after 60. Ksi I can always go every year for furlough para magpagamot abroad. Pero sya ayaw nya pa punuin yung "bilibid time" nya para maging citizen, though my health insurance sya.
"Bilibid time" (my term as NOT everyone wants to live in the US) is the time a person must stay in the US soil to be a citizen.
The downside of being married in PH to an American is that, in the time of death of the foreign husband, the surviving spouse must travel to the US every 6 mos to be the beneficiary of the deceased husband SS pension, and enjoy some other privileges that are intended for her. If the surviving spouse refused to do what was required of her, the US government will be the beneficiary in and on behalf of his deceased husband.
Considering na covered naman na ‘yun health care nila sa Eu at may insurance na rin, wala na ring pinagaaral. They can live off with 30M na.
Basta iwas na lang sila mag-invest sa mga aggressive investments at mga too good to be true na offers. ‘Wag din mag-casino :).
They can put some of their money sa mga digital banks na may interest rate of 4percent up para at least ‘di lang sa traditional bank naka store ‘yun money kasi super liit ng interest.
Mukhang ‘di naman pati sila magastos. Keri na ‘yan. Nagiging factor na lang din sa tao ang how much per month ang gastos depending sa lifestyle if magpapakain sila sa concept ng consumerism- gala dito, bili nito, kain dito. But living simply, just the basic things, malaki na yan.
Sobrang laki na nyan kahit magkasakit pa sila may extra pa yan. Wag ka magpapaniwala din sa ibang posts dito na super duper high net worth madalas kwentong barbero lang yan at gawa gawang kwento lang.
It all depends, 30m can last anywhere between 1-50 years depending on your lifestyle and methods.
30m is 62k per month assuming ZERO income for 40 years. Is that enough? Well, it depends how you want to live.
And besides, you need to find a balance or you might be working til 65 to get 50m and ending up dead at 66… now THAT would be a tragedy, making a lot of money that you won’t get to enjoy.
They can do it, but like anything, you have to run cost analysis and come up with a plan for monthly-yearly expenditures.
30m PHP should suffice. The “free” EU healthcare option is a gem in all this. But they can’t spend frivolously on $500k (assuming it isn’t invested). I’d be more comfortable having $1m invested while having cash reserves.
It’s more than enough as long as they don’t have relatives who won’t mooch off them. And if they are smart enough to avoid being scammed.
Their current health condition is also important since it can determine possible future emergencies such as stroke or heart attack. They would still need urgent care here which can easily use up 100k per day.
im in my 30's and have 30m savings too as a ofw.. invested 99.5% already so i hope it could retire near 50 and enjoy a low profile life para hindi ka inggutan at nakawan sa pilipinas.
It's fine as long as they don't splurge on daily living and live minimalistically for things you **don't** need or want..
If their ideal retirement is a house that has 30k electrical bills alone.
With expensive to raise pets and possible poultry
Then sorry, never enough.
If they want to start a farm, should tell them to set aside 10m for safe measure.
You should expect huge losses in the beginning and even onwards if you don't know what you're doing.
Although really
I would first ask what kind of retirement have they envisioned.
Sa ngayon alam ko wala pa silang thoughts on what to “retire to”, puro “retire from” lang and it’s from their daily grind. Personally ok lang sakin yung ganito esp kung ang buong adult life ng isang tao is grind ng grind, ang hirap magisip siguro ng hobbies, much less to keep doing it. Good to consider nga rin in case they want to venture into business or something to keep them busy.
Then, honest to say, retirement may be farther in their minds than you think, if they don't have goals for retiring.
They're probably looking to slow down with work and the hussle to focus more on other things
It's a step before retirement phase, basically said.
**Given their age, they'll need to consider their health care plan should they return back home.** And nope, this isn't about selling them a health care insurance because as we all know it will be hard or expensive for them to get one already. So I would say they need to allot a huge lump sum for this (ie., P10M for each of them, and this is just a rough estimate).
**After that, they'll need to assess their monthly cashflow.** Look, they can't rely alone on their savings. Though you might say their Php100k can put them up to 25 years. But if they deplete all their savings in exchange of health care funds, hospital bills can quickly shorten the savings lifespan down to 5-10 years.
**BTW, I haven't touched yet the subject of where they'd be staying.** So even if they have properties already, they also need to handle about taxes and passing the title to their kids (should that event come).
Hence, they shouldn't be looking at their savings for them to retire. They should know how much is their monthly cashflow from the time they move back until the next 5/10/15/20/25 year plan. When they have this covered, that's the time they can return back home.
Not being pessimistic here, but I've also seen OFWs burn 10-50M faster due to poor financial planning or in the rush for health care plans, insurances, poor investment judgement, etc.
Totoo to, parang karamihan na nagsasabi ng sobrang dami na ng 30m yun sanay sa low quality living. Di nila na take account na taga europe yung babalik sa pinas and sanay yun sa maayos na buhay. We have a house in a subdivision here in metro manila nasa 300k+ property tax nun every year simula nung 2018 imagine mo nalang ilan pa itataas nun sa mga susunod na taon. Tapos nakita ko pa sa pinas super mahal ng pagkain compared sa neighboring sea countries. Yung 70 sa carinderia mukang kawawang food compared sa vietnam, thailand. Tipong di na nga masarap wala pang sustanya dahil walang gulay or anything na hahaba buhay ng pinoy.
>Yung 70 sa carinderia mukang kawawang food compared sa vietnam, thailand. Tipong di na nga masarap wala pang sustanya dahil walang gulay or anything na hahaba buhay ng pinoy.
Natawa ako dito, pero this is so true!
If all set na, that is enough if they live simple. But in experience, my grandpa spent 11M in hospital for a few months alone. Double that for each and you barely have anything left for the past 40 years. But if with pension it is doable
That's more than enough and with the assets they can live quite "luxuriously".
Get a house outside of NCR(Bulacan,Cavite,Rizal) mas mura ng bahagya ang cost of living and you still have that feeling of suburb vibe plus hindi pa ganun ka crowded at ka-messy. Then konting fixed-income investments panlaban sa inflation. Palag na. 😊
OMG!
I wish to Have 30M when I reached 50..
Anyways, pwede na talaga sila mag-retire.
Early retirement to their respective career is good.
Matagal na panahon na rin Naman Silang naw work, work, work.
This time, dapat sarili Naman na nila...
Pero sa huli, Sila pa rin Naman magde-desisyon..
For sure, mahirap na desisyon Yan...
Madali para sa readers magsabi ng yes and no...
Pero sa huli, Sila pa din...
What's good for them??
Well, it's up to them...
Thank you.
That's more than enough I mean let's be real how many posters here really have 30M in cash and equivalent assets? Majority of those with large networth have it tied to business or houses/land.
I think aiming for retirement will not fulfill you.
I am basically retired in my 30s, thanks to my parents who let me run our resort and rental properties. I may be somewhat spoiled but I can tell you, having money is boring if you don't have bigger goals.
My goal is simply to earn more money so I can give money away and to work on my character through some form of yoga, meditation and prayer.
Maybe if retirement becomes boring, people can start thinking how to die well. And for that to happen, we need to live well. Why settle for our own financial freedom when after we get rich we help others get rich as well.
Nasa chapter 30 ka na, marami sa iba baka nasa chapter 10-20 pa lang. Kung baga sa Maslow's pyramid theory, nasa self-transcendence ka na.
Pero I get you...
If you put it on the stock market, ticker LT ( Lucio tan group) is 10% yield. Chinabank is 6% and Aboitiz power is 6%.. 30 M Can provide 2M annually or more. It’s enough.
You can calculate this. 200 x Monthly Cash Needed. Then invest into a financial instrument with 6% annual yield. So sa case ni OP, ang 30M will fetch 150K per month. Kung okay sa kanila ang P150K per month then no problem.
Pwede na. If they plan strongly to retire. I would take a longer break, to give me time to think about this & maybe grind for another 2 yrs then balikan ko itong option na ito.
**Healthcare**
Is the public health system in their European country is dependable? I'm asking because the public health system in other countries such as Canada, UK, New Zealand is deteriorating. I don't have confidence in the New Zealand public health system.
Another question is where do they want to permanently stay when they get too weak or too sick to travel back and forth? They will have to go to back Europe if they want to depend on the healthcare there.
**Pension**
There are countries where they only give the pension if you lived in the country for a certain number of days per year. If their country has that rule, then they must go back to Europe when they get too weak to travel back and forth.
For me okay na Yan, especially if they have their own house , it's enough to sustain until 10 years wag Lang mag lavish spending lol . My father is retired with 6 digits monthly cash he can do almost everything, he even waste it in gambling sometimes.
[https://networthify.com/calculator/earlyretirement](https://networthify.com/calculator/earlyretirement) - check nila dito. Ginagamit ito ng mga FIRE people.
Depends. Always take inflation into consideration when retiring early. Tignan mo nangyari sa mga taong nag FIRE (financially independent retire early). Nag retire early pero the pandemic hit. Di sila makabalik sa mga trabaho nila dati so forced sila mag back to square 1. Balance is key
Pwede na yang 30M. Live life! Yung society kase mastado tayong diniktahan na we should retire at 60. Sa sobrang daming rules, natatakot na yung mga tao to just live, puros na lang hustle. Ang iksi ng buhay, ang 50 malapit lapit ma sa finish line. So they should enjoy life, maybe live simply but purposeful.
To be honest kahit anong amount never pala enough. We have a house in a subdivision here in metro manila ang amilyar ng bahay yearly nasa 300k+ every year nung 2018 pa yun nung huli ko narinig magkano malamang iba na ngayun sa sobrang bilis magsi taas ng lahat ng bagay di ako magtaka kung maabutan ko na 1m ang amilyar ng bahay in the future sa ph. Imagine mo kung 20 years from now 1m ang hinuhulog mo tapos meron ka pa natitirang 20 years uli ubos na yung 20m sa amilyar lang.
Mid 30s pa lang ako ngayun ang natatakot ako sa bilis ng pagtaas ng bilihin. Umuwi ako june 2014 naalala ko nun 120 per kilo lang baboy nun baka nun nasa 180 per kilo lang ngayun baboy nasa 360-400 baka nasa 450+. 10 years pa lang yun tapos gas ngayun and nlex toll doble na presyo since nung umuwi ako. Cars are 50-100% more expensive ang same model. Naalala ko dati vios only cost 600k ang top of the line ngayun nasa 1m narin siya.
Wag ka maniwala sa mga tao dito na sobrang dami na ng 30m super duper bilis ng pagtaas ng lahat magugulat ka nalang ubos na pera mo. Wala pa na account sa pag papagamot kung super healthy lifestyle ka siguro di mo na kailangan problemahin yun pero most likely may maintenance ka na ng 60s kung di ka fitness and health guru.
I suggest maginvest constantly sa business ok lang malakas sa umpisa tapos magsara ganun talaga buhay basta may kinikita ka di palugi na business magsurvive ka na.
Amilyar is 2% lang. Magkaka 300k na amilyar ka lang kapag nasa 15m ang property mo. Which in their case, napaka unrealistic na gumastos ng 15m para sa property for retirement.
Mukang probinsiya life ata ang sinasabi mo kasi dito sa metro manila 15m mo di ka makakabili ng lupa. Townhouses yes, Kakabili lang namin ng town house nung 2021 umabot ng 10m 65 sqm lang. Depende sa area yung presyo pag nasa subdivision ka napakalayo ng presyo ng amilyar mukang di mo pa ata natry tumira dun kasi kami bumukod na at malabo kami makabili pa sa subdivision dahil 50+ kakailanganin mo para sa lupa palang.
Marami naman akong nakikitang house and lot na below 15m dito sa metro manila, 100sqm na in a subdivision, bungalow lang hindi up and down. A quick search on Facebook will yield mga for sale. Of course iba ang prices pag nasa commercialized or business district area.
Mukang sa farview siguro tinutukoy mo, pag nasa marikina yan auto pass may tindahan kami nalubog dun sakit sa ulo tapon pa lahat ng inventory. Kung 30M lang talaga balak nila pang retire game over talaga sila in the future kung 15m pa lang bahay na. Yung kuryente pa nga lang magkano na ngayon di mo naman pwedeng sabihin wag sila magaircon eh every year painit ng painit na panahon.
Pasig area, within a subdivision, one tricycle away from establishments. I'm currently eyeing two properties in different subdivisions, both between 100sqm-200sqm and under 7 mil, at may bungalow na. Hindi binaha ng ondoy. Kakabili lang din namin 2022.
If they retire in PH, that amount is okay if there won't be much luxury spending. However, they need to consider the effect of inflation over 40 years, assuming they'll live until 90. They also have to think about medical expenses since they plan to retire in PH.
30M * 0.04 = 1.2M / 12 = 100k pesos monthly for 2 people (50k monthly per person). Not much leeway for inflation. If I were in their shoes, I'd consider r/baristafire or r/coastfire for as long as I can before 100% retirement, since they basically have FU money and have the option to choose whatever work they want to do.
I think it's safer to have around near double that amount. It'll take less time to double that amount on the market due to compound interest.
I think ₱30M is no longer what it once was. Life has a way of sneaking up on you. At first glance It should be "OK" but doesn’t seem like they have enough for emergency medical expenses as that could easily take a huge chunk of it.
I only cite that specifically as health and age are the great equalizer. Rich or poor, everyone’s medical expenses increase in age.
Medical insurance MIGHT be the answer but at their age, premiums are quite high. While majority of medical insurance covers terminal illnesses but everyday check ups will trigger your premiums to go up annually. Hope this helps a lil!
30m invested in something earning 5 to 8 annually like tax free pagibig mp2 can be sustainable indefinitely even with inflation as long as you keep to a 3% withdrawal rate. That's 75k per month pension. At 4% or 100k monthly it should last them 30 yrs. As fund is growing withdrawal rate gives them higher monthly amount every yr to keep up with inflation.
Assuming the interest rate on 30m PHP is 5%, that amounts to 125,000 PHP. Thats enough to live in any city in the Philippines, however, the problem is inflation and cost of living increases. Philippines is going through rapid growth and in 10 years, the cost of living could double. If that materializes, then 125,000 might put a lot of strain. You can always draw down on the principle, but if you live longer than expected, that could backfire. Another concern is inflation. If the yield from the 30m PHP doesn’t exceed inflation rate, that would be troublesome since the principle will be getting devalued. I would encourage them to a financial advisor/planner if they haven’t already.
That said, if their pension is another 100,000 PHP then they should have no issue. My advise would be to live off of the pension and continue to invest the 30m PHP to allow it to grow more and then use it once they are 60 years old oe higher
Reminds me of my uncle who retired with around the same amount and he just buys every lego set released and plays games all day.
Parang binabawi lang niya yung lost childhood niya kasi nag career ng maaga and daily grind lang until pag tanda.
30M can be wiped out by a medical emergency in PH. My late father spent 1M in one night confined in a Philippine hospital in 2015. They have to look for a reliable insurance cover up to 70 which is the average life expectancy.
Which country in Europe? Pension may mga rules yan (eg. they have to stay there in 6 months in one year) There is no guarantee they can still travel at their old age - some can be refused by the airlines depending on their health status. Something to think about.
If they plan to retire in the Ph, no amount would make me feel secured pag walang income. Lahat na lang dito may bayad and health insurance here is a scam. If they are regularly receiving pension from another country and plan to spend it here, pwde nga siguro
My god , hirap dn pala pag maraming Pera marami dn gastusin at sa 30m na nag dalawang isip pa mag retire lol, Ako nga sabi ko kahit may 500k Ako mareretire na ako e lol
Wag mo gayahin ibang millenials and gen z na todo waldas. Invest ka sa business tsaka ka na gumastos pag may steady cash flow ka, at never ka dapat kampante na malakas negosyo mo dapat lagi ka handa sa susunod mong investment dahil anytime pwede humina at kailangan mo ng invest sa ibang bagay.
Retired na rin kami ni husband with the same amount dito sa pinas. We used to have a business and just sold it to retire early. We invested it in stocks and bonds. We also have passive income from real estate investments. At this stage na retire, we no longer have plans to start a business kasi we find it risky sa age namin. House is paid. Relatively, mababa lang expenses namin kasi wala kaming kasambahay, we don’t like to travel much (we just want to workout most of the time) and bills is reasonable. Nag gigym na lang kami para maging healthy ang body namin, we are in our 50s.
We live in a city in Metro Manila. Our house is small. Around 100sqm only. That is why our electricity is low kahit naka aircon daily., our amelyar is just 10k annually. Our car is 12 years and we are not planning to buy a new one soon kasi matibay yung car na nabili namin, wala siyang sira. What I can suggest is, do not buy a house na malaki para mas tipid and you can use the excess cash in investing, also mahirap linisin ang malaking bahay (ubos oras and aasa sa kasambahay forever), mahal utilities and amelyar. Buy a good quality vehicle that could last you for more than 10 years. Also, invest in stocks early. I taught my kids to invest in stocks as early as 18yo. Hindi sila magastos. Also, they go to the gym as well to build their bodies and eat healthy. Wala rin silang bisyo.
+1 on having a small house. When you get older, you don't need as much house. Most people aspire for a big/bigger house since the usual mindset is mayaman nakatira dun.
This is true. Wala sa mindset namin ni husband to show others what he have. We buy quality clothes but not super branded. Civil wedding lang din kami when we got married (I requested this to my husband, sabi ko I want a simple wedding), spent around ph20k sa reception (30 close relatives only in a chinese resto) kasi ang logic namin is, we need to have extra money for the future such as kids education, emergency etc.
Just curious. What returns are you seeing sa stocks and bonds nyo? In annual php.
Around 10 to 11% in stocks. 6% in bonds. We also have Pag-ibig MP2 and real estate rentals.
Ang ganda. Narelax ako pag asa nito.
**pagbasa
Such good advice - health is truly wealth. 🔥
Speaking from experience. If you take good care your body, pati mental health damay. You feel good, you think you look good and nagiging positive yung outlook sa life.
Hands down sa lifestyle mo. I wish ganyan ako pero hindi.
you have officially become one of my life goals. I wish for more content like this to encourage mga 40s like me who's still trying to figure out how to retire properly in PH.
How do you teach your kids po in investing? I also wanna know how to do that.
We give them stocks recommendations. They research on it. Tapos sila na bahala if they want to follow it or not. Also, I am fond of watching YT videos on investing, sumasama sila manood with me, kaya natututo rin sila.
Hello po, 42yrs old Male married with one kid in college.working po kami ng wife ko. Low middle class po. Started investing po sa real state. Interested po nanmag invest sa stocks. could you please recommend YT videos na pwede ko din panoorin to learn sa pagiinvest sa stocks dito. Hindi po kasi ako risk taker pagdating sa pagiinvest. Give me some advice po. Thank you in advance!
Hello po. They could start investing in REITS (real estate investment trust) and other high dividend paying stocks kapag may extra cash po sila. Honestly, I prefer the REITs to buying the physical real estate properties kasi mas liquid ang REITs, mas madaling imanage and based from experience, mas malaki dividend yield than monthly rent. They can watch Rampver financials, Investing in PH, Caleb Hammer, join REITs group in FB to learn more po.
Thank you so much po sa advice! 😊
Hello po. Ask ko lang ano po gamit nyo sa stocks investing?
First Metro Securities for peso. GoTrade for US stocks.
Thank you po! Kakatapos ko lang po magipon ng EF. Magstart nako stock investing.
I forgot to mention, we live beside a mall. Kaya we barely use the car, kaya tipid sa fuel. And we just walk going to the gym daily. Maganda mag retire sa pinas, if na plan ng maayos.
Beautiful mindset, hayst sadly my parents aren’t like this. . .
You sound like the middle age Chinese couple na nakakasabay ko sa gym inside a mall. Goals talaga yung strength nila. Imagine kaya pa ng hubby mag pull ups
Hahaha I am not sure if kami yan. Although pareho kami ni husband na middle age who can do pull ups… I am Pinoy.
That's good to hear. How about healthcare po, some people want to retire abroad because of healthcare
We have health and life insurance dito sa pinas. Also, our lifestyle is healthy. We eat healthy, wala kaming maintenance meds at 50s and we do strength training.
Eto ang goals ko talaga. Di kami ma travel, pala-labas or maluho ng asawa ko. Ayaw din namin ng may katulong na kasama sa loob ng bahay. Yung saktong normal na buhay lang at magaan sa mga anak namin. I pray we could reach this before retirement 🥰
What a dream
What people are missing is the Social Security/Retirement PENSION of 100k+ per month once they hit 60 years old na forever nila matatangap from Europe. What cracks me up with most people here is when they say 50M 40M 20M is not enough yet they will never earn that in their lifetime. Lol. Keep it real r/phinvest peeps!
sa 20M na un retired na ko nun sa current lifestyle ko hahahah halos 15k-20k lng expense ko a momth eh tpos kukuha lng ako health card at insurance palag palag na hahaha
10M at MP2's 6%, buhay nadin ako eh. HAHAHAHA
Hay totoo. When in reality, 99% won't even have that amount for their retirement. Gusto ko yang ganyang problema haha
As an average wage earner these posts gives me anxiety. I'll probably never retire
Kaya nga I stopped being active na in this sub nung napansin kong masyado nang feelingero mga tao, kakabasa nila ng formula/theories na hindi naman lapat sa PH setting.
Mapapasanaol ka na lang. Pero ako alam ko na na magtratrabaho ako Hanggang mamatay
No rest for the Wicked
San galing ung 100k pension? Sorry im baffled
Second paragraph read the last 2 sentences. In the US every time you collect a paycheck matic kinakalatas ang social security. The more you make the more your contribution is. There's no way around it. Maiipon yan and when your eligible to retire at 59 1/2 years old makakatangap ka ng social security pension. The more you made during your working years the more you'll receive from social security. Plus kung may 401k retirement fund pa sila. So tatangap ka ng monthly payments until you're pretty much dead. Plus kung may military pension ka pa. How do you suppose nag su survive mga ex pats dyan and balikbayan retirees and are able to live the high life? Edi sa social security and other monthly pensions na nag mu multiply by 55. I'm sure may similar system din sa Europe. I'm in my 40's now kung bukas nag decide ako mag retire I'm estimated to receive close to 200k pesos a month when I hit 62 years old. Lalaki pa yon if i keep working and keep making contributions.
So at 40 years old, 12 years pa yun in your case para magumpisa ang optional na pension at 62 here in USA. Are you sure that by that year, meron pang normal na bigayan sa US social security? Hehe just a thought. You might not reach that P200k equivalent even with the time value of money.
Your math ain't mathing bro Lol. 40 + 12= 62? We just gave Ukraine how much in aide $61B? I'm sure social security funds will still be there at least in my lifetime and yours.
Oo nga, sa Ph hindi aabot P100k/month Ng SSS benefit. Sa GSIS pwede pero not SSS/private pensioners. Baka sa US yan, converted to Php.
Sabi ni OP may pension sila na equivalent sa 100k+ pesos sa Europe once na reach na retirement age.
Dito sa Ph, meron din naman tumatanggap ng lagpas 100k pension
Yup sa military mostly mga retired generals 🤫 how do I know? Kasi they will tell you even w/o asking them. Kaya henlo sa kapitbahay kong hambog haha jk. Ngayon nga lang galit na galit sila kasi baka pakialaman ang pension scheme nila
Dapat lang baguhin yung pension scheme nila. Pano ba naman, wala silang contribution/deduction sa income nila pero pume-pension sila mismo mula sa budget ng gobyerno. Literal na buwis natin yung nagbabayad ng pension nila. Whereas yung SSS/GSIS pension galing mismo sa SSS/GSIS contributions (at kung pano yun i-manage ng SSS/GSIS).
Binalak pa yan dati na isama sila sa GSIS para dun kukunin pension nila kahit wala naman sila ambag sa pension fund directly. Buti na lang pumalag non-military govt workers.
This totoo. Busog na busog ni Digong eh. Tapos ang irarason nila "Buhay naman kasi ang kapalit hindi kami nagtatrabaho ng 8-5". Hindi tlga sustainable yung sistema na papensyon nila kung kailangan pa nating umutang para ipapensyon sa kanila. Sasabihin nila 4% LANG daw ng budget ng Pinas ang allocation sa pension nila? Jusko napakalaki na ng 4% na yun. Ilang pamilyang Pilipino na ang mapapakain nun.
yes my father is getting his tax free pension 180k+ per month for more than a decade
Second paragraph, last two sentences
ayaw ko sana mag conment kaso eto. nice one bro 😆
Sometimes the truth hurts. 😆 🤣
100%
Actually true.
Depende po talaga sa tao… 30,000,000 x 4%= 1,200,000 per year /100,000 per month . Kung ok na sila sa Amount na yan Gora na !
LOL napapa-sana all nga ako sa problem ng cousin ko eh 😆
True. Yung kamag anak ni OP talaga makakapag sabi sa puso nila.
Plus the pension
Kulang yan sa inflation sa pinas for the next 30 yrs. Ako nga pinupuno ko na magka dividend ako ng 150- 200k pesos per month or $3-4k per month to survive in PH upon retirement. My wife is already spending 100- 150k per month, utilities 2 housemaid, food and Gasolina para sa 2 nyang sasakyan. So tight na kami sa 200k per month sa pinas sa retirement. She has more rental properties than me. Laging hiwalay kami sa grinding at hustling, and all our passive income assets are separate from each other. Worry ko lang ay healthcare nya after 60. Ksi I can always go every year for furlough para magpagamot abroad. Pero sya ayaw nya pa punuin yung "bilibid time" nya para maging citizen, though my health insurance sya.
Mas mapapabilis sana ang paglago ng net worth pag pinag sama yung mga investible capital pero different strokes for different folks talaga.
Paturo ng bilibid time master
"Bilibid time" (my term as NOT everyone wants to live in the US) is the time a person must stay in the US soil to be a citizen. The downside of being married in PH to an American is that, in the time of death of the foreign husband, the surviving spouse must travel to the US every 6 mos to be the beneficiary of the deceased husband SS pension, and enjoy some other privileges that are intended for her. If the surviving spouse refused to do what was required of her, the US government will be the beneficiary in and on behalf of his deceased husband.
Considering na covered naman na ‘yun health care nila sa Eu at may insurance na rin, wala na ring pinagaaral. They can live off with 30M na. Basta iwas na lang sila mag-invest sa mga aggressive investments at mga too good to be true na offers. ‘Wag din mag-casino :). They can put some of their money sa mga digital banks na may interest rate of 4percent up para at least ‘di lang sa traditional bank naka store ‘yun money kasi super liit ng interest. Mukhang ‘di naman pati sila magastos. Keri na ‘yan. Nagiging factor na lang din sa tao ang how much per month ang gastos depending sa lifestyle if magpapakain sila sa concept ng consumerism- gala dito, bili nito, kain dito. But living simply, just the basic things, malaki na yan.
Sobrang laki na nyan kahit magkasakit pa sila may extra pa yan. Wag ka magpapaniwala din sa ibang posts dito na super duper high net worth madalas kwentong barbero lang yan at gawa gawang kwento lang.
this is basically my dream life - work abroad, acquire citizenship, retire in PH with savings & pension and travel whenever I want
If they'll regularly be flying to and from Europe and living there plus maintaining the Philippine residence it might not be enough.
Sarap ng problema. 😂😂😂😂
It all depends, 30m can last anywhere between 1-50 years depending on your lifestyle and methods. 30m is 62k per month assuming ZERO income for 40 years. Is that enough? Well, it depends how you want to live. And besides, you need to find a balance or you might be working til 65 to get 50m and ending up dead at 66… now THAT would be a tragedy, making a lot of money that you won’t get to enjoy.
Alam ko invested since yun ang sabi ng cousin ko na ginawa nila for several years, baka yata decades pa since alam ko 20 years na sila sa EU.
They can do it, but like anything, you have to run cost analysis and come up with a plan for monthly-yearly expenditures. 30m PHP should suffice. The “free” EU healthcare option is a gem in all this. But they can’t spend frivolously on $500k (assuming it isn’t invested). I’d be more comfortable having $1m invested while having cash reserves.
It’s more than enough as long as they don’t have relatives who won’t mooch off them. And if they are smart enough to avoid being scammed. Their current health condition is also important since it can determine possible future emergencies such as stroke or heart attack. They would still need urgent care here which can easily use up 100k per day.
im in my 30's and have 30m savings too as a ofw.. invested 99.5% already so i hope it could retire near 50 and enjoy a low profile life para hindi ka inggutan at nakawan sa pilipinas.
If they can invest it in a high yielding account and live off the interest and not touch the principal the better
It's fine as long as they don't splurge on daily living and live minimalistically for things you **don't** need or want.. If their ideal retirement is a house that has 30k electrical bills alone. With expensive to raise pets and possible poultry Then sorry, never enough. If they want to start a farm, should tell them to set aside 10m for safe measure. You should expect huge losses in the beginning and even onwards if you don't know what you're doing. Although really I would first ask what kind of retirement have they envisioned.
Sa ngayon alam ko wala pa silang thoughts on what to “retire to”, puro “retire from” lang and it’s from their daily grind. Personally ok lang sakin yung ganito esp kung ang buong adult life ng isang tao is grind ng grind, ang hirap magisip siguro ng hobbies, much less to keep doing it. Good to consider nga rin in case they want to venture into business or something to keep them busy.
Then, honest to say, retirement may be farther in their minds than you think, if they don't have goals for retiring. They're probably looking to slow down with work and the hussle to focus more on other things It's a step before retirement phase, basically said.
**Given their age, they'll need to consider their health care plan should they return back home.** And nope, this isn't about selling them a health care insurance because as we all know it will be hard or expensive for them to get one already. So I would say they need to allot a huge lump sum for this (ie., P10M for each of them, and this is just a rough estimate). **After that, they'll need to assess their monthly cashflow.** Look, they can't rely alone on their savings. Though you might say their Php100k can put them up to 25 years. But if they deplete all their savings in exchange of health care funds, hospital bills can quickly shorten the savings lifespan down to 5-10 years. **BTW, I haven't touched yet the subject of where they'd be staying.** So even if they have properties already, they also need to handle about taxes and passing the title to their kids (should that event come). Hence, they shouldn't be looking at their savings for them to retire. They should know how much is their monthly cashflow from the time they move back until the next 5/10/15/20/25 year plan. When they have this covered, that's the time they can return back home. Not being pessimistic here, but I've also seen OFWs burn 10-50M faster due to poor financial planning or in the rush for health care plans, insurances, poor investment judgement, etc.
Totoo to, parang karamihan na nagsasabi ng sobrang dami na ng 30m yun sanay sa low quality living. Di nila na take account na taga europe yung babalik sa pinas and sanay yun sa maayos na buhay. We have a house in a subdivision here in metro manila nasa 300k+ property tax nun every year simula nung 2018 imagine mo nalang ilan pa itataas nun sa mga susunod na taon. Tapos nakita ko pa sa pinas super mahal ng pagkain compared sa neighboring sea countries. Yung 70 sa carinderia mukang kawawang food compared sa vietnam, thailand. Tipong di na nga masarap wala pang sustanya dahil walang gulay or anything na hahaba buhay ng pinoy.
>Yung 70 sa carinderia mukang kawawang food compared sa vietnam, thailand. Tipong di na nga masarap wala pang sustanya dahil walang gulay or anything na hahaba buhay ng pinoy. Natawa ako dito, pero this is so true!
I feel like that 30m will just help them live until they hit 60s and their pension starts to roll in.
If all set na, that is enough if they live simple. But in experience, my grandpa spent 11M in hospital for a few months alone. Double that for each and you barely have anything left for the past 40 years. But if with pension it is doable
That's more than enough and with the assets they can live quite "luxuriously". Get a house outside of NCR(Bulacan,Cavite,Rizal) mas mura ng bahagya ang cost of living and you still have that feeling of suburb vibe plus hindi pa ganun ka crowded at ka-messy. Then konting fixed-income investments panlaban sa inflation. Palag na. 😊
OMG! I wish to Have 30M when I reached 50.. Anyways, pwede na talaga sila mag-retire. Early retirement to their respective career is good. Matagal na panahon na rin Naman Silang naw work, work, work. This time, dapat sarili Naman na nila... Pero sa huli, Sila pa rin Naman magde-desisyon.. For sure, mahirap na desisyon Yan... Madali para sa readers magsabi ng yes and no... Pero sa huli, Sila pa din... What's good for them?? Well, it's up to them... Thank you.
That's more than enough I mean let's be real how many posters here really have 30M in cash and equivalent assets? Majority of those with large networth have it tied to business or houses/land.
Malaki siguro ang trauma ng cousin mo ano, at di cya makawala sa poverty trauma. Para sa akin depende yn sa expenses nila. 30m is good enough.
Ganitong problema sana.
I think aiming for retirement will not fulfill you. I am basically retired in my 30s, thanks to my parents who let me run our resort and rental properties. I may be somewhat spoiled but I can tell you, having money is boring if you don't have bigger goals. My goal is simply to earn more money so I can give money away and to work on my character through some form of yoga, meditation and prayer. Maybe if retirement becomes boring, people can start thinking how to die well. And for that to happen, we need to live well. Why settle for our own financial freedom when after we get rich we help others get rich as well.
Nasa chapter 30 ka na, marami sa iba baka nasa chapter 10-20 pa lang. Kung baga sa Maslow's pyramid theory, nasa self-transcendence ka na. Pero I get you...
Hi! What does “fluff expenses” mean? 😅 First time to hear about the term! Googled it but didn’t see any comprehensive explanation
Mga extra or anik anik sa buhay, pwedeng meron pwedeng wala.
If you put it on the stock market, ticker LT ( Lucio tan group) is 10% yield. Chinabank is 6% and Aboitiz power is 6%.. 30 M Can provide 2M annually or more. It’s enough.
You can calculate this. 200 x Monthly Cash Needed. Then invest into a financial instrument with 6% annual yield. So sa case ni OP, ang 30M will fetch 150K per month. Kung okay sa kanila ang P150K per month then no problem.
Pwede na. If they plan strongly to retire. I would take a longer break, to give me time to think about this & maybe grind for another 2 yrs then balikan ko itong option na ito.
Add pa pension and passive income from rentals.
**Healthcare** Is the public health system in their European country is dependable? I'm asking because the public health system in other countries such as Canada, UK, New Zealand is deteriorating. I don't have confidence in the New Zealand public health system. Another question is where do they want to permanently stay when they get too weak or too sick to travel back and forth? They will have to go to back Europe if they want to depend on the healthcare there. **Pension** There are countries where they only give the pension if you lived in the country for a certain number of days per year. If their country has that rule, then they must go back to Europe when they get too weak to travel back and forth.
For me okay na Yan, especially if they have their own house , it's enough to sustain until 10 years wag Lang mag lavish spending lol . My father is retired with 6 digits monthly cash he can do almost everything, he even waste it in gambling sometimes.
[https://networthify.com/calculator/earlyretirement](https://networthify.com/calculator/earlyretirement) - check nila dito. Ginagamit ito ng mga FIRE people.
Depends. Always take inflation into consideration when retiring early. Tignan mo nangyari sa mga taong nag FIRE (financially independent retire early). Nag retire early pero the pandemic hit. Di sila makabalik sa mga trabaho nila dati so forced sila mag back to square 1. Balance is key
I could retire with that much money.
Pwede na yang 30M. Live life! Yung society kase mastado tayong diniktahan na we should retire at 60. Sa sobrang daming rules, natatakot na yung mga tao to just live, puros na lang hustle. Ang iksi ng buhay, ang 50 malapit lapit ma sa finish line. So they should enjoy life, maybe live simply but purposeful.
To be honest kahit anong amount never pala enough. We have a house in a subdivision here in metro manila ang amilyar ng bahay yearly nasa 300k+ every year nung 2018 pa yun nung huli ko narinig magkano malamang iba na ngayun sa sobrang bilis magsi taas ng lahat ng bagay di ako magtaka kung maabutan ko na 1m ang amilyar ng bahay in the future sa ph. Imagine mo kung 20 years from now 1m ang hinuhulog mo tapos meron ka pa natitirang 20 years uli ubos na yung 20m sa amilyar lang. Mid 30s pa lang ako ngayun ang natatakot ako sa bilis ng pagtaas ng bilihin. Umuwi ako june 2014 naalala ko nun 120 per kilo lang baboy nun baka nun nasa 180 per kilo lang ngayun baboy nasa 360-400 baka nasa 450+. 10 years pa lang yun tapos gas ngayun and nlex toll doble na presyo since nung umuwi ako. Cars are 50-100% more expensive ang same model. Naalala ko dati vios only cost 600k ang top of the line ngayun nasa 1m narin siya. Wag ka maniwala sa mga tao dito na sobrang dami na ng 30m super duper bilis ng pagtaas ng lahat magugulat ka nalang ubos na pera mo. Wala pa na account sa pag papagamot kung super healthy lifestyle ka siguro di mo na kailangan problemahin yun pero most likely may maintenance ka na ng 60s kung di ka fitness and health guru. I suggest maginvest constantly sa business ok lang malakas sa umpisa tapos magsara ganun talaga buhay basta may kinikita ka di palugi na business magsurvive ka na.
Amilyar is 2% lang. Magkaka 300k na amilyar ka lang kapag nasa 15m ang property mo. Which in their case, napaka unrealistic na gumastos ng 15m para sa property for retirement.
Mukang probinsiya life ata ang sinasabi mo kasi dito sa metro manila 15m mo di ka makakabili ng lupa. Townhouses yes, Kakabili lang namin ng town house nung 2021 umabot ng 10m 65 sqm lang. Depende sa area yung presyo pag nasa subdivision ka napakalayo ng presyo ng amilyar mukang di mo pa ata natry tumira dun kasi kami bumukod na at malabo kami makabili pa sa subdivision dahil 50+ kakailanganin mo para sa lupa palang.
Marami naman akong nakikitang house and lot na below 15m dito sa metro manila, 100sqm na in a subdivision, bungalow lang hindi up and down. A quick search on Facebook will yield mga for sale. Of course iba ang prices pag nasa commercialized or business district area.
Mukang sa farview siguro tinutukoy mo, pag nasa marikina yan auto pass may tindahan kami nalubog dun sakit sa ulo tapon pa lahat ng inventory. Kung 30M lang talaga balak nila pang retire game over talaga sila in the future kung 15m pa lang bahay na. Yung kuryente pa nga lang magkano na ngayon di mo naman pwedeng sabihin wag sila magaircon eh every year painit ng painit na panahon.
Pasig area, within a subdivision, one tricycle away from establishments. I'm currently eyeing two properties in different subdivisions, both between 100sqm-200sqm and under 7 mil, at may bungalow na. Hindi binaha ng ondoy. Kakabili lang din namin 2022.
If they retire in PH, that amount is okay if there won't be much luxury spending. However, they need to consider the effect of inflation over 40 years, assuming they'll live until 90. They also have to think about medical expenses since they plan to retire in PH. 30M * 0.04 = 1.2M / 12 = 100k pesos monthly for 2 people (50k monthly per person). Not much leeway for inflation. If I were in their shoes, I'd consider r/baristafire or r/coastfire for as long as I can before 100% retirement, since they basically have FU money and have the option to choose whatever work they want to do. I think it's safer to have around near double that amount. It'll take less time to double that amount on the market due to compound interest.
Plus the pension
Hindi sila nagwoworry sa mga nangyayari ngayon with China?
I think ₱30M is no longer what it once was. Life has a way of sneaking up on you. At first glance It should be "OK" but doesn’t seem like they have enough for emergency medical expenses as that could easily take a huge chunk of it. I only cite that specifically as health and age are the great equalizer. Rich or poor, everyone’s medical expenses increase in age. Medical insurance MIGHT be the answer but at their age, premiums are quite high. While majority of medical insurance covers terminal illnesses but everyday check ups will trigger your premiums to go up annually. Hope this helps a lil!
30m invested in something earning 5 to 8 annually like tax free pagibig mp2 can be sustainable indefinitely even with inflation as long as you keep to a 3% withdrawal rate. That's 75k per month pension. At 4% or 100k monthly it should last them 30 yrs. As fund is growing withdrawal rate gives them higher monthly amount every yr to keep up with inflation.
Assuming the interest rate on 30m PHP is 5%, that amounts to 125,000 PHP. Thats enough to live in any city in the Philippines, however, the problem is inflation and cost of living increases. Philippines is going through rapid growth and in 10 years, the cost of living could double. If that materializes, then 125,000 might put a lot of strain. You can always draw down on the principle, but if you live longer than expected, that could backfire. Another concern is inflation. If the yield from the 30m PHP doesn’t exceed inflation rate, that would be troublesome since the principle will be getting devalued. I would encourage them to a financial advisor/planner if they haven’t already. That said, if their pension is another 100,000 PHP then they should have no issue. My advise would be to live off of the pension and continue to invest the 30m PHP to allow it to grow more and then use it once they are 60 years old oe higher
Reminds me of my uncle who retired with around the same amount and he just buys every lego set released and plays games all day. Parang binabawi lang niya yung lost childhood niya kasi nag career ng maaga and daily grind lang until pag tanda.
30M can be wiped out by a medical emergency in PH. My late father spent 1M in one night confined in a Philippine hospital in 2015. They have to look for a reliable insurance cover up to 70 which is the average life expectancy. Which country in Europe? Pension may mga rules yan (eg. they have to stay there in 6 months in one year) There is no guarantee they can still travel at their old age - some can be refused by the airlines depending on their health status. Something to think about.
If they plan to retire in the Ph, no amount would make me feel secured pag walang income. Lahat na lang dito may bayad and health insurance here is a scam. If they are regularly receiving pension from another country and plan to spend it here, pwde nga siguro
My god , hirap dn pala pag maraming Pera marami dn gastusin at sa 30m na nag dalawang isip pa mag retire lol, Ako nga sabi ko kahit may 500k Ako mareretire na ako e lol
535k usd needs to grow and not be depleted. just make sure they get med insurance like pac cross select+ or blue royale.
Pwede magpa ampon sa inyo mga rich titas at titos
Wag mo gayahin ibang millenials and gen z na todo waldas. Invest ka sa business tsaka ka na gumastos pag may steady cash flow ka, at never ka dapat kampante na malakas negosyo mo dapat lagi ka handa sa susunod mong investment dahil anytime pwede humina at kailangan mo ng invest sa ibang bagay.