I retired at 58 and I’m doing good so far, I’m 62, so getting social security, and my 35 year work pension I do very well. It’s only because of GODS blessing on me!
Figured it out once. The difference between the amount of money I would receive at 62 versus 67 would take me 15 years to recoup the difference once I turned 67. Not worth it in my book. If I make it to 75 will consider myself very fortunate. Good video, Steve...Jim
I retired two years ago at 56, I had had a coworker/friend who was a year younger than me pass away from Covid-19. Sold one of my houses and left, life is too short.
I retired 1 year ago, early at 63 work for many years for a supermarket company and was the best decision I took ever after a mayor surgery in my knee, I marry a Philippine woman 7 years ago, we did about 6 year LDR I live with my pension not to much now because I have to many payments, I bought a Yamaha nmax and with my savings we have our own land and house, so we don't pay rent, I am looking to be better on a few years, we live on the province on Bohol, and like you said I play guitar so I bring my guitars, enjoy the rides, and we live well, I can't ask anymore, but any buddy coming to the Philippines make sure you get a good wife an that make a big difference, thanks Steve I always watch your channel is very informative, thanks buddy.!!
You are absolutely right, 💯 5 girlfriends the last one I married because she was interested in taking care of me and not herself or her family. She was interested in making a good life with me not for herself. A good honest woman makes all the difference in the world.
Another awesome video! I like how you always keep it real on your video Steve you’re the man. I think the one tin you have up there is a Daisy red rider tin it’s pretty cool looking.
I agree that it is important to live within a budget and have a little extra money saved for emergencies. It is also important to save money to fight the impending inflation that will be hitting us now and in the future. Good idea to work on becoming financially literate in your free time. Interest rates are nice right now in the 5% range and will help stretch your retirement money in the future. The only problem is interest rates tend to drop quickly during recessions. Having a solid budget and understanding where to put your money in retirement is key to making your money last.
@@ShikokuFoodForesttruthfully with the inflation hitting the Philippines now; to live a good retirement life and not having to worry about every problem coming along I wouldn’t even consider coming here with less then $2,000.00 a month. Who retires and wants to have to sit in a house looking at four walls constantly. You have to always remember no decent insurance here. So doctors office visits, ER visits; medication, dental, ophthalmology visits all on you 100%, that has to be paid immediately. Steve is telling the truth the low end is $2,000 a month. Others will say you can live a lot cheaper, which is true but who wants to just survive in retirement, especially in a foreign country.
I retire at 51 October 18, 2025 with a very nice pension but to do it i worked for the Wisconsin Department of Corrections for 25 years. My advice to men in their 20s or 30s is go military 20 years or get a job in the Department of Corrections in states with pensions or any government job. Dont be afraid to move for a job with a pension, or if you dont there is a big chance you work to 67 years old
Deciding to come over here at 51 (last year) and retire early was the best decision I ever made. Granted, I had some investment savings and know how to do some stock options, dividends, etc. but it is totally possible.
I think too many guys look at it as black and white, retire or not retire. I think a lot more guys should be looking at semi retiring. At a certain point ease off the gas on the 401k, work less and allow compounding interest to do the work. Work a couple months a year in the West or PT online.
I retired from the military at 39 still working at 47 hard for me to retire and not work at such young age. As much as I want to come surf, scuba etc it’s hard to do so maybe I’ll rethink it at 50. I do tons of hobbies I have no fave but I can stay busy but it’s something about working without stress
I see a massachsetts plate!! Lol !! I am originally from lynn,mass. Soon to be living in barili cebu . Have to come to dumagete to meet you when i get there . Thanks for all the great info !!
Hi Steve. Very good advice! Thanks for all the tips. Believe it or not, my monthly budget in Japan is less than $1000 CDN and that pays for everything. But, that is because I own my own home here. I am very satisfied doing my hobbies (gardening, home renovation, carpentry, exercising, cycling, walking) which all cost very little $$. I prefer to do my own cooking at home which saves me a huge amount of $$ too - but definitely food is my biggest expense (probably 70% or my monthly budget). I’m still teaching English at 60 and my salary is very low compared to western standards, but my cost of living is cheap, so can save $$ each month.
65, lost the house in the 2008 housing meltdown in the states. Underwater thanks to Wall Street, did all the right things. Little faith in the "system". Next move? Iloilo
Great advice Steve. If you have options, make a solid plan! Myself, coming over at 58 living on proceeds from my home sale until I can collect SS. Manage to stuff away about 100 Gs in the last five years into my 401(k), that’ll be my emergency fund.Wife will be collecting shortly and will be right in that sweet spot with savings available and money in the bank.✌🏻🙏🏻
Po .. it all comes down to the individual and what they can live with. I know people that can't exist without all the bells and whistles and others that only need a bed. What are you willing to do to change your situation. If you can't afford to retire in the US, the Philippines isn't all that much better. Again, too many "westerners" have been told they can live there for $100 . they've been led down the garden path by unscrupulous vlogger's and it just isn't fair to them. I spent about $15K to build a small, comfortable, 700 sq' home and as such I can live pretty good on $800/mth, but we don't do a lot of extra's . like travel. I'm 75 and don't do the bar scene anymore. I'm content to stay at home and watch movies, go to the beach, or have brunch with the family. I've always tried to live within my means.
I truly do regret not going to full 20 when the Air Force, I would have retired at 39 years old (I was in for 8 years, I had 12 more to go, but just wanted to get out). If I had done this and found a good corporate job with a good pension, I could have banked all of my income from my Air Force retirement. And then fully retire now 20 years after that with a nice nest egg, still receiving my Air Force retirement, and if my corporate pension allowed me I could start using that also. Hindsight's 20/20 but looking back is still a bit fuzzy
It's not just about money in the Philippines, the Philippines is a frustrating country, let's not hyperbole life here and open the damn flood gates for more maniac foreigners ..
I watched so many get out of the Air Force when the wall came down....everybody was charging for the door and just wanted to use their GI Bill and go back to civilian life. There were only a few of us that stuck it out and stayed in....I did my 26yrs and with my VA money was able to retire at 47 and have been enjoying life ever since. I often wonder what happened to all those that got out and wonder if they share the same feeling you expressed in your comments...You did what you thought was right for you in the moment....
I "Coulda, woulda shoulda" (Regret) .. Everybody can "ruminate" in the life "they didn't choose" .. Besides "learning from it, there's no point, it's gone / past .. "What's my plan" Now (lol) ..
My older brother had 12 years in the navy and left. I couldn’t believe it but he was always a momma’s boy and he moved right next door to mommy lol 😂 I’m the youngest and I’m retired and he is still working. He was so close but said he was fed up with it, 🤷🏼♂️ I loved the military and if I hadn’t gotten injured I would have retired from it, but GOD had other plans and I was able to retire from a fortune 500 company after 35 years.
Steven, remember to keep an eye on how much your monthly payment from Social Security will be. It changes the longer you go without putting any money into it. A friend of mine took his at 62 because if he waited until he was going to lose money.
Im still going to wait til 72 or 73 to move to PH. Waiting til 70 to start SS, then bankjng that $ into savings for a couple yrs while still working full time....not taking RMDs til im reqd to at 75..am patient enough to wait til mid 70s to enjoy retirement in CDO..
Good Advice. I retired in 99 and moved to Philippines. Had to accept early retirement penities. It was the best decision I ever made. I live a quite life and am very satisfied but a little woried what is going to happen now that Biden is destroying the dollar.I have not had any issues with the people here or government.
46 Work/ + 21 Vacation/ 96 Calendar Days until CalPers Retirement... [29 years @62] Another 40 or so Days to Cebu City. I'm going to take my 70% Pension & let my Coordinated Social Security grow until I NEED it or when I file for Medicare, whatever comes first. Yes, Medicare doesn't work in the Philippines, but Guam is close.
I retired from the University of California at age 55 with a generous COLA'd pension. At the time retirement benefits started at 50 but now it starts at 55. The UC retirement system is available to all employees whether you are a full professor or work as a gardener or security. The catch is that you have to stay at the job. The formula was a combination of years of service, age, and the highest 3 salary years. I worked there as an engineer for 30 years. I'm now collecting Social Security and living in Thailand. When looking at a job and a career you should factor in the retirement benefits. I certainly didn't think about that when I started at 25 years old but wow was it nice 30 years later. Just more Boomer advice . . . . but some employers still offer pensions. Keep an eye out for them.
@@angelocalima6338 I continued in the UC health programs for my first 5 years of retirement. I moved to Thailand when I was 60. My UC insurance covered me as a traveler but not as a full time resident of Thailand. I purchased Thai insurance in 2018 and I still have it. My Thai insurance costs about the same as my UC insurance and is quite comprehensive in coverage. I was able to suspend my participation in the UC health insurance. I no longer pay for the UC insurance but I should be able to re-enter during the January enrollment if I ever wanted to (which I won’t). UC had a bunch of different plans and I will admit to not looking into them regarding overseas coverage. There are international plans out there and I recommend looking into them while preparing to move overseas. The older you get the more expensive they will be.
@@angelocalima6338 UC has a lot of health insurance plans available to employees. For 30 years I was in the plans that were medium priced and focused on the San Francisco Bay Area and California. My plan covered me as a traveler but not as a full time resident of Thailand. I bought a Thai health insurance plan in 2018 (Pacific Cross). The cost was a little less than my UC plan but it is hard to do an apples to apples comparison. My Pacific Cross plan has a lot of coverage by Thai standards and I chose a $1,100 dollar deductible. The deductible is so high that I have never made a claim. It is basically catastrophic insurance. All routine care I pay out of pocket. I vaguely remember that there were other plans such as Blue Cross available. Some were quite expensive so I never looked at them much. I'm sure there are UC plans that cover living overseas. UC has employees from all over the world so there must be something to their liking. I don't really know though. Since this video is about retiring early it is nice that UC covers employees who do retire early. UC is a huge employer so they can negotiate with a lot of insurers for a good price.
Best to move overseas. It will only get more expensive to live in the states due to the monetary policies and inflation. Realistically, I do not see it getting better.
moving over to Philippine’s bring your tent 💵with you and just live in a tent💵 with a lot of other people on the streets and bring your kazoo you can have the one man band kazoo band and just save all your money 💵💵💵
Wow, you haven't taken your own social security yet and that is gonna add to what you have now, you're goin to have atleast 5000 american dollars monthly then❤
@@MrSteven5975 good to hear that, patience need the guitar my favorite hobby, if you need any help learning I am here to help, I also dream to have a CZcams channell so I came prepared with 2 Gopro cameras and a drone, I like made videos, but I really taking easy because I am learning to live here first, bur definitely life is good, and like I said your channel rocks.!!
Hey Steven, taking SS at 62 vs at a later age. I believe is better to take it and bank or invest it if you are discipline enough. If you can stick to it you will make out by getting it in your hands vs delayed. I have a few more years also before 62 but will take it at that age and get it on my side of the proverbial fence as it looks like a 10 year stretch before I would cross the lose money line. At that time one could have over $130k if left untouched.
I'm a stock trader and I would need very reliable internet. In your area, would you feel comfortable putting on a trade and feel safe with the internet that you could sell your stock with in 15 minutes or whenever you are ready or would you be scared of a blackout or anything that could possibly interrupt your daily trading activity?
As long you living more Metro / City "your fine" .. Stay away from small islands and rural / Province areas (or get Star Link and a back up battery for power outages) ..
Even in urban areas, always have a backup. I'm in Manila and my wired internet goes down 3 times a month on average. But I can still trade on my phone (dual sim) Also keep in mind that the US stock market opens at 9:30pm in the Philippines.
If you don’t mind how much money you save aside from SSS pension in order to retired in the Philippines no children single.no debt. Already qualified for SSS pension.
I hit 62 and took my social security while I was still getting my pension from GE. With the cost of living increases being wiped out by inflation if I didn't have our house paid off we would need a minimum of $3,000 dollars a month. What you are saying is possible but unrealistic especially if you have a girlfriend with kids. On less than $2,000 dollars a month. I would say impossible now.
@@MrSteven5975 I keep my duplex in Florida so I can work, visit family and friends. I have never lived a substandard life in 40 years. When I'm in America I live an upper middle class lifestyle and when I'm living in the Philippines I live the same way a upper middle class lifestyle. As you say my family and I can live a frugal life and I tried my first month living in the Philippines and found many comfortable things I took for granted in America I had to have to live a happy life here in the Philippines. I will honestly say you will find very few expats living in the Philippines as Filipinos do day to day. I know of none who will live without air-conditioning. But then I only know a handful of expats due to my advirtion to drama.
Good ideas & agreed that health is wealth and should be a priority as a way to give you flexibility on home and traveling options-- You spoke about "laddering " savings and investments which is another good idea to not lock up all your monies and keep it on a kind of rotation so you continue earning interest while having some ready for living -- Pairing down to necessities gives you room to have adventures while not breaking the bank -- On the health front Fasting has helped me stay in shape while not sacrificing much on foods I still enjoy -- I'm Ldr and we have discussed that keeping both jobs even remote types has it's advantages and am looking forward to my next moves. Thank you for sharing ideas much appreciated
I retired at 58 and I’m doing good so far, I’m 62, so getting social security, and my 35 year work pension I do very well. It’s only because of GODS blessing on me!
Jerry Reed sang, “work’n two shifts and eat’n bologna.”
Great plan. I advise younger men to save enough by 52 to retire early to live 10 years until SS kicks in.
Only regret is that I didn't retire sooner in the Philippines. The place is fking gorgeous.........
Figured it out once. The difference between the amount of money I would receive at 62 versus 67 would take me 15 years to recoup the difference once I turned 67. Not worth it in my book. If I make it to 75 will consider myself very fortunate. Good video, Steve...Jim
That’s at 0% interest if you took the money early and invested it, you would never recoup that money even at a small interest rate of five or 6%
I retired two years ago at 56, I had had a coworker/friend who was a year younger than me pass away from Covid-19.
Sold one of my houses and left, life is too short.
I retired 1 year ago, early at 63 work for many years for a supermarket company and was the best decision I took ever after a mayor surgery in my knee, I marry a Philippine woman 7 years ago, we did about 6 year LDR I live with my pension not to much now because I have to many payments, I bought a Yamaha nmax and with my savings we have our own land and house, so we don't pay rent, I am looking to be better on a few years, we live on the province on Bohol, and like you said I play guitar so I bring my guitars, enjoy the rides, and we live well, I can't ask anymore, but any buddy coming to the Philippines make sure you get a good wife an that make a big difference, thanks Steve I always watch your channel is very informative, thanks buddy.!!
You are absolutely right, 💯 5 girlfriends the last one I married because she was interested in taking care of me and not herself or her family.
She was interested in making a good life with me not for herself.
A good honest woman makes all the difference in the world.
Another awesome video! I like how you always keep it real on your video Steve you’re the man.
I think the one tin you have up there is a Daisy red rider tin it’s pretty cool looking.
Retiring from the Army with VA 100% and military pension. We plan to go home next year but little bit nervous
Exactly right. I pay no rent as I built our house and learning to play the guitar for first time ...
Great video Steve. Thanks for sharing. 🙏
Nobody can live on less than I can.😂 I consider survival a good starting point.. But my health is good and I have lived very poor for decades.
I agree that it is important to live within a budget and have a little extra money saved for emergencies. It is also important to save money to fight the impending inflation that will be hitting us now and in the future. Good idea to work on becoming financially literate in your free time. Interest rates are nice right now in the 5% range and will help stretch your retirement money in the future. The only problem is interest rates tend to drop quickly during recessions. Having a solid budget and understanding where to put your money in retirement is key to making your money last.
Bare min "a little extra money saved for emergencies" much better & advisable to have Considerable Savings ..
@@enzos711 I agree 10,000 minimum
@@enzos711 They should teach everyone in highschool how to save for a house and retirement...
@@bigbearhugebear9018 "For a retiree" add a zero and times it by 2 - 5
@@bigbearhugebear9018 They say 60% of Americans live paycheck to paycheck and can't raise $600. for an emergency (?)
Very good Steve
We pay Php20k all-in for rent, electric, water, cable, and internet. That leaves 30k monthly for food & recreation.
So your total monthly budget is 50k pesos? Do you find you can have a comfortable life on that budget?
@@ShikokuFoodForesttruthfully with the inflation hitting the Philippines now; to live a good retirement life and not having to worry about every problem coming along I wouldn’t even consider coming here with less then $2,000.00 a month. Who retires and wants to have to sit in a house looking at four walls constantly. You have to always remember no decent insurance here. So doctors office visits, ER visits; medication, dental, ophthalmology visits all on you 100%, that has to be paid immediately. Steve is telling the truth the low end is $2,000 a month. Others will say you can live a lot cheaper, which is true but who wants to just survive in retirement, especially in a foreign country.
Good video. I waited until full retirement on all, SSN and my other retirement funds. Helps a lot. Keep rockin the videos
Thanks! Will do!
One of your best videos brother. 🙏🏻
I appreciate that
I retire at 51 October 18, 2025 with a very nice pension but to do it i worked for the Wisconsin Department of Corrections for 25 years. My advice to men in their 20s or 30s is go military 20 years or get a job in the Department of Corrections in states with pensions or any government job. Dont be afraid to move for a job with a pension, or if you dont there is a big chance you work to 67 years old
All these high government pensions play a big part in the unsustainable high inflation
That doesn’t make any sense! Its no different than an employer contributing to 401K?
I am in my 30s but I invest in S&P 500 ETFs and leave it on autopilot 😂
@jeeveswinston2545 a 401k can run out and with my pension I get a check every month until I die and after I die my wife receives my pension
@sl123sl I also pay into my pension every month and the state matches.
Deciding to come over here at 51 (last year) and retire early was the best decision I ever made. Granted, I had some investment savings and know how to do some stock options, dividends, etc. but it is totally possible.
Good advice.
Glad it was helpful!
I'm enjoying my military retirement. I go home for vacation in the Philippines every year and i stay for 3 months.
I think too many guys look at it as black and white, retire or not retire. I think a lot more guys should be looking at semi retiring. At a certain point ease off the gas on the 401k, work less and allow compounding interest to do the work. Work a couple months a year in the West or PT online.
I retired from the military at 39 still working at 47 hard for me to retire and not work at such young age. As much as I want to come surf, scuba etc it’s hard to do so maybe I’ll rethink it at 50. I do tons of hobbies I have no fave but I can stay busy but it’s something about working without stress
Very REALISTIC GREAT advice 💪🏽🇺🇸🇵🇭
Appreciate that
👍ALWAYS GREAT INFORMATION 👍
Thanks 👍
I see a massachsetts plate!! Lol !! I am originally from lynn,mass. Soon to be living in barili cebu . Have to come to dumagete to meet you when i get there . Thanks for all the great info !!
I live in Trece Martires
Hi Steve. Very good advice! Thanks for all the tips. Believe it or not, my monthly budget in Japan is less than $1000 CDN and that pays for everything. But, that is because I own my own home here. I am very satisfied doing my hobbies (gardening, home renovation, carpentry, exercising, cycling, walking) which all cost very little $$. I prefer to do my own cooking at home which saves me a huge amount of $$ too - but definitely food is my biggest expense (probably 70% or my monthly budget). I’m still teaching English at 60 and my salary is very low compared to western standards, but my cost of living is cheap, so can save $$ each month.
Meralco electric was rediculas this month, they are definately lying about dropping rates with their price guaging increase for just the season😮
65, lost the house in the 2008 housing meltdown in the states. Underwater thanks to Wall Street, did all the right things. Little faith in the "system". Next move? Iloilo
Ditto!
Great advice Steve. If you have options, make a solid plan! Myself, coming over at 58 living on proceeds from my home sale until I can collect SS. Manage to stuff away about 100 Gs in the last five years into my 401(k), that’ll be my emergency fund.Wife will be collecting shortly and will be right in that sweet spot with savings available and money in the bank.✌🏻🙏🏻
Fishing. I'm coming for the fishing.
"Take it at 62" and put in a high yield saving or CD's ..
Exactly.
Po .. it all comes down to the individual and what they can live with.
I know people that can't exist without all the bells and whistles and others that only need a bed. What are you willing to do to change your situation. If you can't afford to retire in the US, the Philippines isn't all that much better. Again, too many "westerners" have been told they can live there for $100 . they've been led down the garden path by unscrupulous vlogger's and it just isn't fair to them.
I spent about $15K to build a small, comfortable, 700 sq' home and as such I can live pretty good on $800/mth, but we don't do a lot of extra's . like travel. I'm 75 and don't do the bar scene anymore. I'm content to stay at home and watch movies, go to the beach, or have brunch with the family. I've always tried to live within my means.
I truly do regret not going to full 20 when the Air Force, I would have retired at 39 years old (I was in for 8 years, I had 12 more to go, but just wanted to get out). If I had done this and found a good corporate job with a good pension, I could have banked all of my income from my Air Force retirement. And then fully retire now 20 years after that with a nice nest egg, still receiving my Air Force retirement, and if my corporate pension allowed me I could start using that also. Hindsight's 20/20 but looking back is still a bit fuzzy
It's not just about money in the Philippines, the Philippines is a frustrating country, let's not hyperbole life here and open the damn flood gates for more maniac foreigners ..
I watched so many get out of the Air Force when the wall came down....everybody was charging for the door and just wanted to use their GI Bill and go back to civilian life. There were only a few of us that stuck it out and stayed in....I did my 26yrs and with my VA money was able to retire at 47 and have been enjoying life ever since. I often wonder what happened to all those that got out and wonder if they share the same feeling you expressed in your comments...You did what you thought was right for you in the moment....
I "Coulda, woulda shoulda" (Regret) .. Everybody can "ruminate" in the life "they didn't choose" .. Besides "learning from it, there's no point, it's gone / past .. "What's my plan" Now (lol) ..
My older brother had 12 years in the navy and left. I couldn’t believe it but he was always a momma’s boy and he moved right next door to mommy lol 😂 I’m the youngest and I’m retired and he is still working. He was so close but said he was fed up with it, 🤷🏼♂️ I loved the military and if I hadn’t gotten injured I would have retired from it, but GOD had other plans and I was able to retire from a fortune 500 company after 35 years.
Absolutely
Steven, remember to keep an eye on how much your monthly payment from Social Security will be. It changes the longer you go without putting any money into it. A friend of mine took his at 62 because if he waited until he was going to lose money.
Not true
It goes up every year you wait.
Im still going to wait til 72 or 73 to move to PH. Waiting til 70 to start SS, then bankjng that $ into savings for a couple yrs while still working full time....not taking RMDs til im reqd to at 75..am patient enough to wait til mid 70s to enjoy retirement in CDO..
Like the video Steve, thanks.
Cd's right now about 5.5% 6 months pays every month
Seems a bit high
Good Advice. I retired in 99 and moved to Philippines. Had to accept early retirement penities. It was the best decision I ever made. I live a quite life and am very satisfied but a little woried what is going to happen now that Biden is destroying the dollar.I have not had any issues with the people here or government.
Bob Dylan..”20 years working on the day shift”…..,
46 Work/ + 21 Vacation/ 96 Calendar Days until CalPers Retirement... [29 years @62] Another 40 or so Days to Cebu City. I'm going to take my 70% Pension & let my Coordinated Social Security grow until I NEED it or when I file for Medicare, whatever comes first. Yes, Medicare doesn't work in the Philippines, but Guam is close.
Money in my pocket with no rent or mortgage. Building our house to live in.
I would take SSS at 62 and invest it myself rather than the government do it for me.
I love your house. You look retired
I retired from the University of California at age 55 with a generous COLA'd pension. At the time retirement benefits started at 50 but now it starts at 55. The UC retirement system is available to all employees whether you are a full professor or work as a gardener or security. The catch is that you have to stay at the job. The formula was a combination of years of service, age, and the highest 3 salary years. I worked there as an engineer for 30 years. I'm now collecting Social Security and living in Thailand. When looking at a job and a career you should factor in the retirement benefits. I certainly didn't think about that when I started at 25 years old but wow was it nice 30 years later. Just more Boomer advice . . . . but some employers still offer pensions. Keep an eye out for them.
I am curious: Did UC pay health insurance while you are residing overseas? How things work. 😊 Thanks
@@angelocalima6338 I continued in the UC health programs for my first 5 years of retirement. I moved to Thailand when I was 60. My UC insurance covered me as a traveler but not as a full time resident of Thailand. I purchased Thai insurance in 2018 and I still have it. My Thai insurance costs about the same as my UC insurance and is quite comprehensive in coverage. I was able to suspend my participation in the UC health insurance. I no longer pay for the UC insurance but I should be able to re-enter during the January enrollment if I ever wanted to (which I won’t).
UC had a bunch of different plans and I will admit to not looking into them regarding overseas coverage. There are international plans out there and I recommend looking into them while preparing to move overseas. The older you get the more expensive they will be.
Yes -In California-UCRS-CALPERS/CALSTRS combined are close to 1 trillion in value.
@@angelocalima6338 UC has a lot of health insurance plans available to employees. For 30 years I was in the plans that were medium priced and focused on the San Francisco Bay Area and California. My plan covered me as a traveler but not as a full time resident of Thailand. I bought a Thai health insurance plan in 2018 (Pacific Cross). The cost was a little less than my UC plan but it is hard to do an apples to apples comparison. My Pacific Cross plan has a lot of coverage by Thai standards and I chose a $1,100 dollar deductible. The deductible is so high that I have never made a claim. It is basically catastrophic insurance. All routine care I pay out of pocket.
I vaguely remember that there were other plans such as Blue Cross available. Some were quite expensive so I never looked at them much. I'm sure there are UC plans that cover living overseas. UC has employees from all over the world so there must be something to their liking. I don't really know though.
Since this video is about retiring early it is nice that UC covers employees who do retire early. UC is a huge employer so they can negotiate with a lot of insurers for a good price.
@BarnabyBarry I am a little bit confused by your reply. Did UC pay overseas medical insurance, yes, or no?
If i wait til 70 to start SS, im proj to have $3650 a month....should be enough to retire in CDO, PH.
70!!! I mean how long do people live..
Best to move overseas. It will only get more expensive to live in the states due to the monetary policies and inflation. Realistically, I do not see it getting better.
My plan is to still work a
Just watched a budget video by old dog new tricks he said those $300 rentals are nowhere to be found.
They're $500 to $700 now.
Still very low here in Trece Martires
Depends where you live and what you rent ..
In Leyte many nice 1-2 bedroom apartments for $300 USD
I pay $180
10 blocks from the Paxific Ocean.
moving over to Philippine’s bring your tent 💵with you and just live in a tent💵 with a lot of other people on the streets and bring your kazoo you can have the one man band kazoo band and just save all your money 💵💵💵
That’s a bit extreme
Nope, don't have money coming in. Would be nice but didn't do it right.
Wow, you haven't taken your own social security yet and that is gonna add to what you have now, you're goin to have atleast 5000 american dollars monthly then❤
Living below your means is good advice. Inflation and increased medical costs are as inevitable as death and taxes.
I see a guitar on your back, do you play the Blues?
I’m learning slowly
@@MrSteven5975 good to hear that, patience need the guitar my favorite hobby, if you need any help learning I am here to help, I also dream to have a CZcams channell so I came prepared with 2 Gopro cameras and a drone, I like made videos, but I really taking easy because I am learning to live here first, bur definitely life is good, and like I said your channel rocks.!!
@@corium100 If you need help with a channel contact me at Steven5975@yahoo.com
@@MrSteven5975 🤩🤩
Steve do you know the average age and expat lives to what age?
72 in the Philippines
@@MrSteven5975 I figured it was pretty low. How did you find that information Steve. Why do you think it is so low?
Hey Steven, taking SS at 62 vs at a later age. I believe is better to take it and bank or invest it if you are discipline enough. If you can stick to it you will make out by getting it in your hands vs delayed. I have a few more years also before 62 but will take it at that age and get it on my side of the proverbial fence as it looks like a 10 year stretch before I would cross the lose money line. At that time one could have over $130k if left untouched.
Another take is that it might be better to be in the Social Security system rather than outside as the politics of extending the funding approaches.
@@martypoll a bird in the hand is better than two in the bush.
I'm a stock trader and I would need very reliable internet. In your area, would you feel comfortable putting on a trade and feel safe with the internet that you could sell your stock with in 15 minutes or whenever you are ready or would you be scared of a blackout or anything that could possibly interrupt your daily trading activity?
As long you living more Metro / City "your fine" .. Stay away from small islands and rural / Province areas (or get Star Link and a back up battery for power outages) ..
Even in urban areas, always have a backup. I'm in Manila and my wired internet goes down 3 times a month on average. But I can still trade on my phone (dual sim) Also keep in mind that the US stock market opens at 9:30pm in the Philippines.
Where do you live?
Trece Martires
If you don’t mind how much money you save aside from SSS pension in order to retired in the Philippines no children single.no debt. Already qualified for SSS pension.
No “20 years Shoolin on and they put you on the day shift” 0:23 0:26
My mistake if you collect SSI you can't receive it if you leave the USA.
I think if you collect SSDI you can only leave the USA for 30 days any longer and they cut you off?
Not true
I hit 62 and took my social security while I was still getting my pension from GE.
With the cost of living increases being wiped out by inflation if I didn't have our house paid off we would need a minimum of $3,000 dollars a month.
What you are saying is possible but unrealistic especially if you have a girlfriend with kids.
On less than $2,000 dollars a month.
I would say impossible now.
Not if you are very frugal here
@@MrSteven5975 I keep my duplex in Florida so I can work, visit family and friends.
I have never lived a substandard life in 40 years.
When I'm in America I live an upper middle class lifestyle and when I'm living in the Philippines I live the same way a upper middle class lifestyle.
As you say my family and I can live a frugal life and I tried my first month living in the Philippines and found many comfortable things I took for granted in America I had to have to live a happy life here in the Philippines.
I will honestly say you will find very few expats living in the Philippines as Filipinos do day to day.
I know of none who will live without air-conditioning.
But then I only know a handful of expats due to my advirtion to drama.
So your advice is retire early and still save money is to spend less money? Brilliant.
Good ideas & agreed that health is wealth and should be a priority as a way to give you flexibility on home and traveling options-- You spoke about "laddering " savings and investments which is another good idea to not lock up all your monies and keep it on a kind of rotation so you continue earning interest while having some ready for living -- Pairing down to necessities gives you room to have adventures while not breaking the bank -- On the health front Fasting has helped me stay in shape while not sacrificing much on foods I still enjoy -- I'm Ldr and we have discussed that keeping both jobs even remote types has it's advantages and am looking forward to my next moves. Thank you for sharing ideas much appreciated