stevewool Posted November 22, 2016 Posted November 22, 2016 Now many of us have private pension and the lucky few have final salary pensions too, and not let us forget our state pension. So add these together and could life be good in the Phil's, I am sure that some will say they can't live the good life where they are on that amount I know we are all different in what we would like and what we demand too, but if you have a budget and in your eyes it's good well life can indeed be good, Again I have been sitting here and adding this and that up and on paper it does look good and at the end of the day I may not even make it to retirement day never mind working out a 20 year plan. Link to comment Share on other sites More sharing options...
Jollygoodfellow Posted November 22, 2016 Posted November 22, 2016 18 minutes ago, stevewool said: I may not even make it to retirement day never mind working out a 20 year plan. Hmm 20 year plan, you be dead and gone if the 20 year plan starts now. 1 Link to comment Share on other sites More sharing options...
bows00 Posted November 22, 2016 Posted November 22, 2016 After several trips to the Philippines, I have concluded that money will not be the problem. Things are cheap there, especially when living outside of major cities (i.e., Manila, Cebu). But there are other factors that are preventing my move there - like infrastructure and air pollution. Currently weighing the pros and cons and leaning towards staying in Hawaii for now and visiting the Philippines for extended periods. 5 Link to comment Share on other sites More sharing options...
expatuk2014 Posted November 22, 2016 Posted November 22, 2016 32 minutes ago, stevewool said: Now many of us have private pension and the lucky few have final salary pensions too, and not let us forget our state pension. So add these together and could life be good in the Phil's, I am sure that some will say they can't live the good life where they are on that amount I know we are all different in what we would like and what we demand too, but if you have a budget and in your eyes it's good well life can indeed be good, Again I have been sitting here and adding this and that up and on paper it does look good and at the end of the day I may not even make it to retirement day never mind working out a 20 year plan. Luckily both I and the wife have UK Gov pensions and I have a small private monthly pension and another yearly pension and the wife has her GSIS pension. may sound a lot but overall depending on the UK exchange rate we manage. our monthly utilities are around 5000php for 2 homes ours and the late mothers lighting around the home the wifes medicines being a diabetic are around 2500php food and cold drinks and general shopping 25-30,000 which includes food for the sister and we have a new car . we put money away for misc expenses such as ACR renewal and annual taxes etc and we often eat out in Maxs and the wife buys most of the fresh meat and fish from the market. and overall we save around 15-25.000 a month if the wife does not want any more building work ! we dont pay rent as we built our home after we arrived in 2011. when we first came here we did work out a budget but that flew out the window! we do however keep a daily record of our spending and I keep a spreadsheet to compare monthly spending but thats just me 5 Link to comment Share on other sites More sharing options...
JJReyes Posted November 22, 2016 Posted November 22, 2016 20 years remaining is a good starting point. The US Census has actuarial tables on how long you can expect to live after the age of 65 years. Women live longer. My wife's mother is 95 years and healthy. She has an aunt in Japan who is 105 and needs a walker. Otherwise, the aunt is also healthy. So I added 10 years to my wife's life expectancy to make sure there was enough. Now I can relax and enjoy life except for a countdown clock in my head reminding me how much time remains. Link to comment Share on other sites More sharing options...
stevewool Posted November 22, 2016 Author Posted November 22, 2016 4 hours ago, Jollygoodfellow said: Hmm 20 year plan, you be dead and gone if the 20 year plan starts now. Well maybe then again maybe not, in my mind i will be in my early fifties, but my body may say different Link to comment Share on other sites More sharing options...
stevewool Posted November 22, 2016 Author Posted November 22, 2016 3 hours ago, expatuk2014 said: Luckily both I and the wife have UK Gov pensions and I have a small private monthly pension and another yearly pension and the wife has her GSIS pension. may sound a lot but overall depending on the UK exchange rate we manage. our monthly utilities are around 5000php for 2 homes ours and the late mothers lighting around the home the wifes medicines being a diabetic are around 2500php food and cold drinks and general shopping 25-30,000 which includes food for the sister and we have a new car . we put money away for misc expenses such as ACR renewal and annual taxes etc and we often eat out in Maxs and the wife buys most of the fresh meat and fish from the market. and overall we save around 15-25.000 a month if the wife does not want any more building work ! we dont pay rent as we built our home after we arrived in 2011. when we first came here we did work out a budget but that flew out the window! we do however keep a daily record of our spending and I keep a spreadsheet to compare monthly spending but thats just me My biggest problem is Emma will not have any state pension, but she will have a private pension from her works but she will not be able to take that until she reaches 60 i am thinking, so thats a very long time. So i have to take into account bot our lives on what we may have coming in. Plus i lost half my private pension to a evil ex, but hey i have a better life 1 Link to comment Share on other sites More sharing options...
Popular Post Kuya John Posted November 22, 2016 Popular Post Posted November 22, 2016 (edited) How long is a piece of string? Expatuk has stated around £1000 per month cover's their living allowance, which I,m sure is do-able. Compared to what I was earning, when I was working, with my pensions and my wife income we have a reasonable life here in UK. The only other consideration would be Medical Insurance, which Expatuk didn't mention. As for how long I'm likely to live, one day at a time sweet Jesus, my late wife got a short straw. Good luck for the future Steve, don't spend 20 year's saying "what if", regards John Edited November 22, 2016 by Kuya John 8 Link to comment Share on other sites More sharing options...
Popular Post expatuk2014 Posted November 23, 2016 Popular Post Posted November 23, 2016 6 hours ago, Kuya John said: How long is a piece of string? Expatuk has stated around £1000 per month cover's their living allowance, which I,m sure is do-able. Compared to what I was earning, when I was working, with my pensions and my wife income we have a reasonable life here in UK. The only other consideration would be Medical Insurance, which Expatuk didn't mention. As for how long I'm likely to live, one day at a time sweet Jesus, my late wife got a short straw. Good luck for the future Steve, don't spend 20 year's saying "what if", regards John Dont have medical ins however i am on the wifes philhealth and the shortfall will come from yearly pension But then again i have told the wife if i get ill that means life support etc and bags of kabiven at 7,500php Just let me go peacefully, i watched the late mother suffering before she died and i dont want the family To worry about money keeping me alive. but again thats just me Y 6 Link to comment Share on other sites More sharing options...
sonjack2847 Posted November 23, 2016 Posted November 23, 2016 8 hours ago, stevewool said: My biggest problem is Emma will not have any state pension, but she will have a private pension from her works but she will not be able to take that until she reaches 60 i am thinking, so thats a very long time. So i have to take into account bot our lives on what we may have coming in. Plus i lost half my private pension to a evil ex, but hey i have a better life I think you should check on the private pension. The government said anybody can take their private pension at age 55. 2 Link to comment Share on other sites More sharing options...
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