Retired in the Philippines on Social Security/What is it Really Like?
Vložit
- čas přidán 2. 02. 2023
- Retired in the Philippines on Social Security/What is it Really Like?@paulinthephilippinesolddog9234 I explore and reminisce on what it is like to be retired in Asia on simply a Social Security Check. What is the Reality of it been like for me?
why I retired at 62
• Why I Retired Early an...
My brother in - law called last night. And asked what did you do today. I replied nothing. Because I'm retired and I can do what I want.
When people ask me when I want an appointment, I just say, "Anytime. Every day is a Saturday!"
You didn't do what you want from 17 to 62? How tragic for you.
@@sammencia7945 sounds like you are living off rich folks
@@sammencia7945 No, you don’t do what you want all the time from 17 to 62, and by no means tragic…just being an adult,
As my dad says, there is a reason work pays you money to do it, it isn’t there to be fun or fulfilling,,,,it is mostly just boring, hard stuff that needs to be done….no one “loves” fixing that sewage leak, or working in the chicken processing factory, etc. but we need all those and much more, A lucky few say they “love” their jobs, and if you dread your job or it ruins the rest of your life, then time to switch…but 99% of adults would quit their work if they won the lottery and jobs are jobs, and your free time is where you do what you want.
Who wants to do nothing wouldn’t you rather have something enjoyable to do every day .I would rather go to work than do nothing just sayin
My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
Can you suggest the investment coach you've been using? It appears you've had success with their guidance.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
Keep VOTING Biden!
You've not seen anything if he
get's back in
the white house!
For me being retired first sunk in to my mind when I was stuck in traffic during morning rush hour. The muscles tensing up in my back and neck. The grip on the steering wheel was more tense. All at once I realized I had no where I needed to be. The weight instantly lifted off my shoulders, I turned up the radio and thoroughly enjoyed the rest of my day. It takes a while after you retire for it to soak in.
the philippines is a dam slow world compared to the usa uk or canada haha turtle slow to get stuff done id take traffic anyday haha get to the philippines then you will understand what i'm talking about.
@@michaelfeehily5926 I used to say don’t go to a restaurant hungry. You won’t have the patience to get served. Keep in mind in the 1970s a lot of places didn’t have refrigeration so if you ordered a chicken dinner they first had to find a cook fast enough to catch one lol. I’ve been there just recently and it has come a long way.
Glad to see what you wrote. I have been retired on SS one year and it STILL has not hit me that I'm retired
@@BearInThePhillipines Me too, because I'm still busy dealing with my unretired wife, kid and house. I wish that I knew some retired people.
I knew the feeling as I drove away from the job. Eight years ago. Still haven’t taken social security yet.
My wife and I have visited Vietnam several times since 2016. In 2019 we decided to visit again and spend 6 months to enjoy this beautiful country. Because of the pandemic we weren't able to leave for a year and a half. Upon arriving back in the states we realized that the states had turn into a place that we no longer could stand because of what society had become.
We decided to sell our house,cars and everything else and move to Vietnam. It was the best decision we made. We are definitely living dream!
Where in vn are you staying and isn’t government an issue at all thank you good luck from a vietnamese came here when I was 6 have yet to be back
Congrats to you both on this amazing move! I was just in Vietnam back in November and liked the country just like you. Are one of you of Vietnamese birth, otherwise, it's hard to get a long -term visa in Vietnam?
We moved on an investment Visa after investing in a homestay.
@@margaretadler6162 Please talk about that.
If I had to choose between Vietnam or the Philippines, I'd choose Vietnam hands down. The Philippines is a Christian country which explains the crime and violence quite handily. Vietname is a Buddhist country and the same main stream of Buddhism that I follow. It is also a Communist country that kicked the US's ass out of there and thus they are all heroes. I've far prefer to live in a country of heroes.
Paul . I'm a farmer in the US. I often turn my phone off for 3 days. I tell folks, "Never expect more than a weekly response from my phone. I operate on my schedule, I'm not far behind you age wise. My last decade of toil, I'm doing my way.
❤
I took social security at 63 and did it online . Such an easy process. No need to wait in lines.
As a 62 year old Brit I was quite astonished by this video, as I didn't know this form of early retirement existed for Americans. We hear so much about exploitation in USA, people getting few or no paid vacation days, no maternity benefits, some people having to rely on tips to pay their bills, no social healthcare etc etc. but in this respect people get a better deal than we do in UK. I am also an expat. in my case I chose Croatia. I am retired but I get nothing from the UK government and I have to wait until I'm 67 to get any pension. My only income is from renting out my house in UK. Not only did they raise the retirement age, they also raised the number of years you need to pay National Insurance to qualify for a full state pension. It was 30 years and when I retired in 2011 I had been paying for 33 years, so I had enough. Now it is 35 years so I either have to buy 2 years payments or accept a reduced pension.
Congratulations on being retired and living the dream in the Philippines. I visited there 8x, Manila, Cebu CDO, Palawan/El Nido and Zamboanga. I'm 71 now, I love the Philippines, beauty, friendliness, and Filipino attitude, (don't worry, be happy). Difference between America and the Philippines is daylight and dark.
Hi Paul. I applied at 60... for survivors social security. So I retired earlier. My wife died when I was 55 and I had to wait 5 years. I also was chomping at the bit. I also am now in Asia. If you are in this situation and can get social security at 60... I highly recommend it. I won't need to take my benefit until much much later. Ah... sometimes after life sucks for a long time... things work out. Peace ✌✌
Another great video sir. I am using these as inspiration for pulling the trigger and getting out of the rat race before I turn 62. I still have a few years to go, but watching these videos and realizing that I can simply move to another part of the world and live off my savings until the pensions and SS kick in are a real uplift.
Paul, my wife and I just retired this year from federal service and I can relate that it is hard not have a structured day after working my entire life. But I do now realize this is my time and I can do anything I want. Retired life is the bomb as my stress level has dropped significantly and life is there to enjoy. BTW, I've been married to a wonderful Filipina for 38 years and she was the best thing that ever happened to me. I will be in the PI next month and if in Dumaguete, if you are up to it, let's have a coffee. Keep the videos coming. I really enjoy them from a retiree perspective in the PI. I got to get away from this Utah weather.
It's reassuring for me to watch your channel Paul. Knowing that it's attainable for those who not only want it(a relaxed retired life) but those who deserve it. I'm trying to find a good place for my elderly mother who has been to hell and back more times than I can count, is 72 years old and still has to work a full time job. It breaks my heart and I do everything I possibly can to help her and I think leaving the states and living off her S.S. in a place similar to the Philippines is what she needs to do. Living well within her means, no bad habits, cheap car, cheap rental, and still has to work because it's so insanely expensive to exist in the good ole' US of A anymore, it truly breaks my heart. Watching your episodes gives me hope for her, so Thank You Paul! (& Mae!)
Paul you are so right, It breaks my heart to see what America is today. I am actually thinking about following in your footsteps. Life is unafforable here.
If/when is your NOW ? I GUARANTEE that nothing ever is promised . Enjoy your journey and best wishes
A great life is available here, and very affordable 😉.
Me too!
Agreed. But life is also unaffordable in the Philippines when you have an entire extended Filipino family leeching off of you.
We hope to do what you did at 55 and 60.
My wife is originally from Nicaragua and we hope to slow travel from Mexico to Argentina over several years and if we aren’t tired of travel, head to SE Asia for several years. We are starting in Matagalpa, Nicaragua in 3 weeks !
We will have 16 months to pay for out of pocket before my social security starts in at about $2030/month. We think most places we will travel to will cost us about $1500-$1800/month so we will likely continue to save a little. I have also been side hustling teaching English online in case I want to make a little extra if I’m bored. I do Brazilian Jiu Jitsu and love to walk a lot so I doubt I will be bored. We are so excited we can’t stand it. We are so stressed and can’t wait to jump out of the rate race. House just sold and we are ready !
Congrats and best of luck on the travelling! Are you teaching on Cambly? Just curious cause that is what I am doing occasionally.
My wife is Filipina and we have both been to Nicaragua, now considering retiring to Granada.
Bravo sir I hope you enjoy thoroughly I'm under 3 yrs away from it now and wrapping my head around it now !
@@ziptie7112 Have you been there? Been to 24 countries but not been there. i am not into PH, but my partner is from PH and even she does not like PH either.
You control your destiny my friend! Don't be the frog in a pot of water. Many blessings sent your way...
Listening to your life experiences (and the wisdom that comes with it) gives a glimpse of what we can hope for when retired. I will be joining your ranks in 6 years! Cheers Old Dog 👍
Well said!
Maayon Buntag Paul, thank you for clearing out some of the con webs for me. concerning America's current social situation. As a 59yr. old of African/European decent. I too am disenchanted with the state of the nation. Thank you for touching on the subject and truely expressing how you feel. You might loose some subscribers but, you will gain some good guys in exchange. I am burnt out as well. Getting married to a mature humble filipina in March. Taking my pension and social Security at 62. Thank you for helping this ol' Navy Vet make it through the day.. Hope to buy you a cup of mocha java soon ! Tell baby Mae she has set a good example many young filipinas watching .. Love you guys ...salamat
Thank you for your services Sir.
Congratulations 🎈 to your new (better) life with your lady in PI.
Sometimes when we find ourselves in a rut in life its worth taking a chance to make a change. It could be a little change or a big change, just change course. That's what makes life exciting. On top of discovering new things about people and places we discover new things about ourselves. Nice talk Paul. 😀👍
I retired here in the Philippines at age 59, using my military retirement. I added to my monthly income by applying for social security when I turned 62. Enjoying life here in the Philippines since 2007.
@@fisherman8602 No, I live in Camarines Sur Province - Beautiful Bicolandia.
Loved that 1 mate awesome outlook to life see ya on the next 1 . From 1 of ya crazys haha
Great video Paul and words of wisdom to all- it will all be there again!
Never going to retire, going to collect at 62 this year and plan to continue working temp jobs while on ACA which has been working out GREAT for me. I can earn up to 19k when I work while collecting. When I hit 65, I will reevaluate my life situation again and go on Medicare. My home is paid off and I don't have any family, I never married and don't plan to, and I was a foster and never adopted. These are my life plans.
You may find a part-time job you like for two days or nights per week rather than temp. But anyway, glad to see you had and have a plan and it's going to work for you.
Happy for you :)
But you still are paying property tax, home insurance, income tax, utilities etc 😂😂😂😂no way you can get a relief from shitholoe 👉🏼America 😂😂😂
Hi Paul, Totally agree with your point of view on what's going on in the States right now. Way too much infighting and too many people on the extremes. BTW, I'm coming to the Philippines in 2 weeks and would love to drop by and have coffee with you =)
Great content Paul! Trying to learn from your experiences… Thanks buddy!
Hi Paul the way you present your videos is amazing it’s always educating and entertaining thanks for sharing! Take care !
As I finished watching your video on Retirement, our thoughts on the subject are mirrored. I had to hop back on and say that being fully retired, I savor not having to be committed to anything I chose not to, first and foremost. Additionally, with regard to my time - I'm always on time "When I Get There" period, end of report. With regard to the turmoil here at home in the U.S. I'm trying my best to convince the wife how much better it might be for us to relocate full time in either the Philippines or Mexico. She's an impenetrable brick wall, or so it seems. I keep trying though. Thanks again Paul!
Happy Birthday Paul. You share the same birthday as my departed mom. I hope you have a great day! You are correct about taking social security as soon as you can. I will put in my paperwork next month although I have been retired for about 1 1/2 years already.
Thanks for sharing!!
Wow I expected just a nice video about social security. I didn't expect you to hit the nail on the head regarding how much turmoil has affected us in this country in the past few years. Thank you for saying it.
Glad it all worked out for you. All the best to you and BM.
I had to watch how things turned out, but I retired finally last July. Unfortunately other things changed and I'm now stuck in the USA. Wishing I could have retired over in the PI. Congrats Paul on making it happen and enjoying it years later. Hello to Mae... RL in Colorado. PS things are bad over here, hostile in fact.
I appreciate your vlog today as it seems to hit home on a few levels. I have been a subscriber of yours since the beginning and have I watched your journey from afar. I concur with what you are saying with regard to the attitude of the people back in the USA as I among them for now. My wife and I will be visiting Dumaguete this coming April and looking forward to catching up with you at some point if you are not out of pocket in Thailand or some other place in Asia. We are coming to look around for a month with the thought in mind of moving in that area before the end of 2023. Although we have family in Cebu city my wife is fretting that she will not know anybody there so hopefully Baby May can make her feel welcome. As for me I can make friends with a fence post as I enjoy conversation and have been working with expats for 48 years overseas. All the best!
This show resonates with me so much. Happy Trails and Have a Magical Day!
In 2020 I "retired" and filed for Social Security, but after 2 mos. I decided I was too bored and went back to work full time and put my pension on
hold. I have a great job with great pay, and I'll work until 1/1/24 and THEN I'll (officially) "retire" (with an extra $80,000 saved) with no debt and
A LOT of savings in Davao City. I'll still be doing about 40 hours a month of CAD architectural drawings, so that income, along with my Social
Security and interest income will net me about $4,000 US monthly, and I look forward to travel, adventure, and living FREE and easy, every day
until I drop dead on Philippine soil (or it could be in the water)....
Great plan.
@@dumaguetedreaming Do you have any opinions on Davao City ?
@@cdmorrissy3692 lot's of people are discovering Davao, it is modernizing and welcoming to foreigners and I am told safety has improved greatly. My brother in law wants us to make a trip there but we have not gone just yet so I do not have specifics.
@@cdmorrissy3692 Davao is fine. Its the hometown of ex-Philippine president Duterte and its safety enough for anybody to live there. Although if you travel often, might as well consider living somewhere near to the airports such as Cebu or Leyte. In general, living in any parts of the Philippines should be fine just be careful.
Paul, I rarely leave comments...You are quite wise. Able to convey with WORDS what so many seek answers for in NUMBERS.
I've spent my life and lots of my money traveling the world...63 Countries so far...I'm 61 with a job I love..
But you kind of make me want to retire...he he he...
I'm not really on social media, I found you when stuck in my home during the plague. Watching you is better than TV Paul...Keep at it.
If we ever meet, Lunch, Beers, It's on me..
Exceptionally valuable, what you've shared over my last 24 months of viewing..
Do you you mind if i nickname you, The Professor?
Warmest Regards Paul....
Thomas...
Paul, truly inspirational and wonderful messages in this video, I thank you for your efforts today putting this one together.
Great video, Paul! To me, as a fellow retiree, that's the best kind of day for us: having absolutely nothing that we have to do. There may well be things we should do, but nothing we absolutely must do! Glad you are enjoying your retirement! Please keep the good videos coming our way!
I am defiantly looking to move out of the US. I am looking at Thailand and Southern Italy. It is off the chain here in the US. I lived in both Italy and Greece in the military. I feel like a change in culture and more relaxed lifestyle is what I am looking for in my 60s and 70s.
My wife & I were born in the early 50s and she had to work until 67 years old to qualify for "full" SS benefits. And I think now the age at which your can earn unlimited wages without effect is 70. Paul, I had no choice but to take my SS at 62 just to not lose my house. She gets just slightly more than $400.00/month than I do. We are now doing OK & still have our home. But getting damn sick of below zero temps & tons of snow here in Minnesota. Blessings to ya brother! Good luck!
Don't torture
yourself!
Cold weather is for
the young!!
You deserve better!
Paul, another great Obi Wan Kenobi vlog. You really manage to put things into perspective about things that are important in life and need (or lack of need) to stop rushing around all the time. There are many great things about being retired but one of the primary ones is not having to be anywhere.....is there anything more wonderful than that?....On the issue of Social Security (SS), on the SS home page if one were to establish an account.
You can use the sliding graph on the age factor and it will let you know by age, what the amount is that you will get on all age spectrums until 70. It is a great tool for people contemplating retiring and wondering how much they will get at each age. Keep those great vlogs coming, you do great things with them for lots of people.
Excellent video Paul. Thank you for sharing.
WOW! Your comments about the temperament of the people here in the US is 100% spot on! I only wish I had been enlightened 20 years ago. I would be having coffee with you!!
Women largely unaffected, of course, but I feel that it has become a dysfunctional grinder for middle to older-aged men especially.
@@ottowokeninger9617 invest in wine and cat food.
The temp has gone up since Trump. Denying he lost has set off a chain of events that I don't see how they can be resolved. Every republican who loses claims it was fraud. Sadly my exerience here in the philippines shows the vast majority of people who move here are hard core republicans who love trump and detest liberals and watch fox or sky news for their "news". I waited until 66 to retire and while I have other income, my $2500 a month from SS is enough for me to be very very comfortable here. Life is great in angeles. No matter how bad it gets some times.....I would never return to the US.
You hit the nail on the head. I have been in Thailand for about 70 days. Headed back to the USA in a few days. I am dreading it. That in itself has shown me it is time to sell out and retire. I am headed back to take care of business, sell out, and start the process for my retirement visa in Thailand. Making this decision gave me piece of mind. Good video, I enjoyed it and agree fully.
Nice very lucky enjoy
Happy Birthday! Wish you many more to come
Happy Birthday Paul. Great video. I appreciate your content
Sadly everything you said about how things are now was spot on.
Im about to turn 44 years old and its gotten so bad that every second of my life is now spent working towards retiring as early as possible outside of America.
This is exactly where I am, but in Canada currently, make it happen good sir!
All the world’s currencies are tied to the American dollar. Those currencies values are stolen by the American dollar. Wherever you move the wealth is being drained by the Central banks creating excess dollars for deficit spending. Everywhere will be declining unless the central bank turns off the printing press. Can’t move away from your problems.
@@curtisrandolph1887no offense meant but I'm assuming you watched some news report and don't actually invest or follow what the fed is actually currently doing.
There is no money printing going on atm... quite the opposite actually. My dollars are USD.. when I'm in cash anyway. Atm I'm in bonds since that's where the easy money is currently being made
Although i have managed to make close to 30k in stocks year to date.
Also i never said anything about running away from money problem.
I could actually retire rn if i really wanted to. I'm choosing to wait because i want more money to put into nvestments since this year's is probably going to be the best time to scoop up real estate and stocks at bargain prices.
Id rather have a 10k per month retirement budget than only the 3k budget i would have of i retired rn.
@@curtisrandolph1887 also considering that the issues I'm move away from are western issues I'm fairly certain that leaving the west will be rather effective.
Don't wait, go now and make business in new place.
You were right on point about the dissention and division back here, Paul. That's exactly why I'm getting the hell out. I don't know how many years I have left but they're not going to be spent dealing with that shit, I can tell you that.
Totally agree... maybe better put - to old for this shit
@8:00 paul is telling you what a good virtuous guy he is. Not racist, loves the jews and their hollyweird perversion, disney perversion, corporate perversion, monetary system perversion. He loved it so much he tucked tail and ran. Two words, one finger paul coward. Go watch your CNN programming.
@@thinkcasting3182 Isn't this kind of response the root of dissension and division in North America right now?
Dissention & division, where? There are hardcore racists, crime & anger in every country. Stop watching the news & talk shows. They magnify the negative & make it seem like its the norm. I've lived & worked all over the U.S. for around 50 years now. Never seen a crime in progress. All I see is people of all races working together & living their life.
@@porkchopspapi5757 Guess it depends where you are. I'm in Canada and know two Americans here who no longer visit relatives and friends in the US in the last couple years because they can't say boo without some kind of flare up, or excessive reaction. Also have family who frequent Montana and nearby states and they also said it is completely different in the last 3 to 4 years - their rule of thumb now when heading down to the states... don't even dare talk politics, or any sensitive social issues if your views are not in line with the locals. This isn't coming from the news or talk shows, but directly from a number of intelligent people who know the US very well and clearly see a big difference.
Here in Canada, it is about the same. People get bent out of shape way to easy and tolerance seems to be a thing of the past. Live and let live no longer seems to apply in North America.
Thanks Paul, simple video, but powerful. I really connected to it. Good to know I’m not alone.
Good Video Paul 📹 👍 👌 👏.
Stay Safe 💕 💞 🙏 🙏
Oh Paul - You hit the proverbial nail on the head. Prior to applying for SS Retirement I had already added 2 plus 2 and came to the very same conclusion you did. Briefly, between the ages of 62 and 66 or 70 1/2, should you decide to wait, you get absolutely nothing from Social Security, of course. If I decided to wait for the max at 70 1/2 it would take me 8 years to break even, then I would be 78 years old. My thinking was: What would I not be able to do at 78, or even 70, that I could do at 62. I blame Social Security for playing us with the mortality table, trying to convince people to take their SS later by waving an invisible carrot in front of their face. Why take it early if you don't need it, was a question asked. My answer was "If you don't need it, I'm certain many do. If you don't need it now, invest it for your later years, or someone else's later years. But to allow the U.S. Treasury to hold onto it while you age day after day hoping you never get to apply, just seems foolish to me." Thank you Paul for shining the light so that others who haven't caught on yet can realize what the 'real deal' is.
Paul I have been tuned in to your videos for the last 3 months and I consider you a very wise older brother that I never had. I am 58 and have had a successful business for over 30 years. I have worked my ass off all that time and have watched my kids and now grandkids grow up and wonder where the years have gone. Today’s video has struck lightning in my soul to slow down, take a deep breath and rethink my life. I don’t know if I will ever visit the Plil’s, but would love to shake your hand and just say thank you for your words of wisdom. Stay healthy and take care…. Brian
Here here me to bud, 57 sitting here hardwired to respond to bells n whistles the stress ain't worth the $$ and the walking on eggshells compared to when we were young I'm embarrassed
Remember ? Everyone seemed happy just doing what they did
Good on you, Brian. Wherever you adventure too, hold onto your Principles and maintain a reverence to your higher power.
So you're the 2023 version of the 1922 George Babbitt that Sinclair Lewis wrote about
I’m no George Babbitt and not unhappy with my life Mr “J” and certainly not trying to make it more gratifying. I was only referring to Paul’s wisdom in making a life change and turn around.
That's a great message Paul, thanks for sharing.
Great lessons here! I will be joining you soon.
Hi Paul, I took my Social Security also at age 62 and it's a good move for most people. Unless you want to keep working until you're 70 and beyond, it just doesn't make sense to wait to get it. The overarching reason I think is that since no one knows for sure when they're going to get sick or die. Enjoy life while you're still able to.
That is basically what I did. In Canada you can start your Canada Pension at 60. I waited till I was 63 to start with the idea in mind that I would be debt free by 65. Between Canada Pension and work and my side line I had my debt wiped out and a nice chunk of cash in the bank. My pension is not huge but with the apartment I found here it is very doable to live here. I have been enjoying my time here that last 6 months exploring places and decided on Dumaguete as the place to be. I have lots of places to visit in the Philippines but have lots of time to check them out. No rush I am retired
Fantastic post, not ready to retire yet....in the next 10 years though, visited the PI in 2005, wonderful place, friendly people, keep up your posts, very motivating to those of us stuck in the grind. Thanks and cheers brother:)
Thank you. Having been in Dumaguete just a few weeks ago I love your post and hope to join you soon .
Well Paul, like most 'retired' You Tubers, you are still working, because You Tube doesn't get filmed and uploaded on its own and you still have some pressure to upload weekly if you want to see the financial rewards.
It also increases your visibility, which in turn increases the subs wanting to see and visit with you. Yes a vicious circle. But, your choice and we enjoy seeing you on the Tube.
The whole retirement thing is not so accurate. Good on you for taking a whole day for yourself. Some of us with 'side hussles' will probably continue to earn extra till the day we die. But so what? Good to keep busy and earn as we go.
I couldn't agree more. I'm from Canada, 68 this month, living in Thailand on my pension. A simple, happy life.
Maybe it's me but the wesrt seems to be getting LESS CIVILIZED in a time when political correctness is an obsesion .
Canada is beautiful ❤️. Especially Vancouver!
One of my favorite videos from you! Especially the last part!
You're looking very well Paul. You are an inspiration for me. Thank you for the insight and everything you share here.
It’s can be nuts here in CA. Property crime is ridiculous. Active wokeness is sickening. I’m not white and I’m an immigrant, I rarely feel the impact of racism.
Glad you found a great life in the PI.
California??
The land of
Fruits and Nut's!!
Go figure! You made a major wrong turn!
🤔🫣
i find your move really inspiring. im in the very beginnings of the planning stages to retire there with my girlfriend. first some trips. but starting to save a lot more now. now i actually have a goal, wow, having a goal makes a huge difference. without a goal for so many years i was just lost at sea, a nightmare. you have helped me have a goal. just want to say thanks. if this is a kind world overall, which i think it its, well be having a beer together one day over on those islands lol. i think i have a lot of work to do before i cant get there and stay though. i have 19 years till retirement stage, i have hope.
I start my OAP (Old Age Pension) here in Canada at the end of March (I turn 65 this month). It's very low so no one could live on it alone, but thankfully here in Canada you can apply for supplements if you qualify. I've already started my CPP - Canada Pension Plan, which you pay into from the wages of your working years. I ended up in bankruptcy trying to live an expensive lifestyle in Manila but that is cleared up now and I have zero debts.
I think I could live OK in the Philippines (about 127,000 Pesos monthly at the current exchange rate - US $2,240.00 or $3,000 Canadian dollars) but I have to consider future health issues, which at my age can come fast and furious. I would definitely keep my income a secret haha.
You know from being here you can live a comfortable life on less then $2,000.00 U.S. dollars a month.
I learned the best way is to get with a woman you love and can trust who is committed and devoted to you.
Had to go through 2 ex girlfriends to find my wife today.
Why ?
Because I'm a selfish basterd, I'm retired, I'm living in the Philippines now to live a peaceful stress free life.
How I do that is to have my wife take care of me, the kids and our finances.
She transfers $2,000.00 dollars from our bank account in America once a month through Remitly to our bank account in the Philippines.
Leaving my small pension from G.E.the money being deposited by my Son and daughter for their rent on my duplex in Florida and My social security check is more then the 2 thousand she is transfering every month so she leaves the remaining balance in our bank acct in America.
She controls our budget.
Not me. I'm retired I don't want the stress.
She pays the bills.
We own our home so we pay no rent.
She buy what we need to live every day.
She and I give our kids allowance every week and make them earn it.
I do what I want to do when I want to do it.
Because I can, because I have a fantastic partner who loves me.
Good luck God bless.
Thanks Paul that is a good touch of reality no matter where a retired person resides.
Paul, this video was exactly what I needed to hear at the right time.
Thank you more than you know.
My favorite part of being retired? No alarm clocks! I sleep when I'm tired. I eat when I'm hungry. I was in the rat race for 40+ years... never knew what I was missing. I wouldn't go back for any amount of money now.
From the age of 14 we moved to a farm and I watched our cows have calf's I have seen chicken lay there eggs and watched the baby chicks break out of the shell, life is amazing, I also watched both of my daughters being born:)
Paul, I love your honesty, about life and living one day at a time. Enjoy your life!
Awesome channel man. Keep up the good work :)
I retired at 60 years old and that was the best decision I made in my life. Right after that I started spending vacation to Middle East and European countries twice a year to see different culture, good food and entertainment. Converted all of my 401k assets into rollover IRA and started to be an active investor in stocks which enabled me to become financial independent.
Good info. Why the rollover? Company not allow you to stay in the plan? Thanks. I'll be retiring in the next couple of years with a small 457, and 401a. Not sure what that involves. Thanks
@@fendermon 401 K is good but the return of investment is low. When you trade stocks profits is high and earn more money easily. However if you don't have the guts on the turbulence in stocks just keep your money where it is. If you're willing to learn since a lot of free information is available online then go for it. Trading stocks is very risky of losing money if you don't know the process. It's a choice. I didn't hire a financial advisor coz they milk your money away without guaranteed profits. I did my research and hard work. They work to get paid not necessarily making profit for your investment.
@@6861Charley Thanks. I manage my 457 (linked to a broker) and do OK. Probably have to do a rollover post work. Congrats on your success and retirement.
Thank you for the video, Paul. I, too, have dreams of living in the Philippines once I retire. I would like to ask you what your health insurance is like in the Phil's. The monthly cost? Does your insurance cover prescription drugs, what insurance company are you insured with? The fact that you retired with only social security boosts my confidence in one day realizing my dream of living in the Phil's.
You’re darn right you’re retired!!!
Mea definitely sounds like the keeper.
Great video Paul! Thumbs up.
Hello Paul,
I retired early as well in February of 2013 at the age of 63. Could not have been happier and know that I made to right decision!!
Thanks for the channel.
Richard
I saw your video and decided to pull the trigger at 62 as well and knew I wanted to retire in the Philippines knew after coming on vacations their for 20 years that I could live comfortably on the amount of society security income I had coming in every month without touching any of my small pension or savings.
One of the best decisions I've ever made in my life.
I thought when Obama was voted in as President that racism was going away, now I know all he did was make things worse.
Biggest reason I moved to the Philippines was to get away from all the crap going on in the United States.
Good video Paul.
The good thing about so many people thinking they need to leave the US is more housing is available and prices will come down because it will be a buyers market and those selling in countries like the PI can ask for higher prices because more people that can pay more are going there. Supply and demand is the true free market regulator.
@Leonard Marlin ,., Have you ever thought that when Obama became The president that many GOPs didn't want to work with him? Even brought hate back in American because of it, they did everything to block any legislation brought by the Democrats including the nomination of the Supreme Court justice that was block by Mitch McConnell ( Merick Garland the Attorney general now). When Trump came into power, he revive the hate in people and all the ugliness of racism.
@@jonross8925 you are the reason I now live in the Philippines and now live a stress free life.
No I never need to think about that BS anymore, I don't allow any of that crap your peddling to effect my life here now.
@@jonross8925 I have to wonder if they regret what they did to Garland because he would not be attorney General now if they just put him through the process fairly like he deserved. What goes around comes around for sure.
@@leonardmarlin4330 ,., LOL, you blame Obama for all the ills in the US. You must have watch a little bit of news from far right channel that spread lies all day everyday .,I urge you to expand your mind and look up more different news outlet before you passageway not knowing.
I totally get you Paul. We’re definitely walking the same path. A calm relaxing day of doing absolutely nothing always beats a day of digging ditches. Trust me you’re not missing anything here. Enjoy that retirement with your devoted partner Baby Mae and never look back.
Also a hot grilled cheese sandwich and a nice cup of soup hits the spot every time.😊
I am Japanese/Filipino / Asian American and hope to share a good grilled cheese and soup with my new Filipino culture. I'm back in the USA wrapping up loose ends but REFUSE to eat FILIPINO food while I'm here...absolutely Refuse!
Good point Paul + great words of wisdom to live by. Your voice and authentic delivery sounds so much like Anthony Bourdain
Congrats on your retirement and happy life in the Philippines. I am in my 40s and wanted to retire outside of the US already, which I could. Enjoy and will watch your other videos.
Your video struck close to home. I just retired in December at the ripe age of 61 1/2. I got tired of the corporate rat race and had planned (financially) for an early retirement. It has only been a little over a month sense I retired but I still haven't learned to "be retired." Like you (not long ago) I don't have any desire to date, but companionship would be nice. Your take on the current state of affairs in the USA is amazing (and correct), considering you haven't been here in quite some time. Most of my generation grew up with the, (I have a dream speech) and I thought we were well on our way. Apparently NOT, as outlined to us by the media and politicians. I stumbled on your video because I am looking for an alternative life/life style and the Philippines looks very inviting. I am planning on visiting the Philippines for an extended vacation and to see what it has to offer. Thank you for your video.
The I have a dream theater though. Most of us want to believe- and I'm a millennial- that there were/are these American heroes and ideas that were/are incorruptible.
But it's, as with many things in the west it seems, to do with a lie or partial lie or distortion of reality. Some with less-than-desirable traits serving own interests, supported by big media et al.
One can right now search "mlk rapist", for example, and not even the "fact-checkers" are ignoring the issues, as they do with many other current topics. It's common now that not everything is as it's portrayed. And, in defense, they'll say, "No one's perfect, lol", but it's pervasive.
Like, how are people treated who don't support the current-thing. It is bizarre.
To quote a song, "Everything I've believed in, has lied to me." (with some hyperbole)
So I'm on a mission to find peace and at least personal Truths. I see the PH as being more conducive to that, but it will take time.
Paul has a great channel to be sure.
I watched him and Mark every man has a story along with Steve Philippine info channel.
Your smart to come here on vacation before making a life changing decision.
I myself have vacationed in the Philippines for 20 years and when I pulled the trigger at 62 I knew I would be semi retired living 10 months out of the year in the Philippines.
I spent the 2 years during the pandemic getting ready for the move.
Best thing I ever did in 25 years.
Good luck to you.
You will really enjoy the phillipines. Just go
I'm looking at March 16 two years from now to reach 62, and I'm ready to get away from the madness that is going on here in the US, the biggest problem here is the media stirring up all the problems, one person said it right.
Racism is a dead horse on life support kept alive by the press.
I really injoy your outlook on life and the Philippines 🇵🇭 I'm looking forward to spending time there and hopefully retire there soon.
Do you have any concerns with all the brewing talk about US wanting to start war with China? If not why?
Why all you Americans complain all the time. As a Filipino in rural Philippines we have far more issues than you can imagine. Try being raised here all your life and see if it's any better.
@@phil-be-health But they aren't being raised there in rural PH. They probably average USD 1500-3000 per month to live in the PH, so can afford a different lifestyle.
The US has changed a lot within the past 10-15 years, whereas the PH likely hasn't, relatively..
The "modern" US:
- Social (broken) system, where people are harassed & abused by others who don't agree with them (normal countries allow differences of opinion, and don't vilify them to similar extent). The ever-present Red vs. Blue team sham as well.
- Nonstop pressure that is difficult to get away from, whether it concerns money (high cost-of-living), media, opinions, associations, political (theater)..
- Rigid order that declares freedom in things but yet feels less free than many other countries, parts of the world, esp. outside the west (in reality, it requires conformity to so-called "values", which seem to change constantly)
- Gender relations (are poor). I think most guys know what I mean.
There is a distinct lack of social cohesion in the west / US currently, with Alienation, atomization, etc that have become intolerable for many.
There are even parallels to this platform's strict censorship (mostly 2017 onward) and the way things are currently handled in the US/UK/Aus/etc.
Those are just some of the points... I hope I have made it a bit more clear. Most of us understand that the PH is no paradise, but it can be far more livable.
@@billderby1527 If the US starts to wind down its absurd proxy war with Russia, I see it likely shifting to China/Taiwan. It is bleeding away money and other resources for no beneficial purpose to the populace (big surprise once again). Most of it is a deflection from its own problems though. The US must maintain USD hegemon(e)y, oil interests, and others, via military might or the threat of force, as usual.
@@ottowokeninger9617 Which is keeping me from being an Expat in this wonderful region.
Good video Paul, I have always enjoyed your videos and the effort that you and Mai put in to put your videos out. Good job Sir! 🙂👍
Words of Wisdom!! Great ending to a very cool video!
I woke up at 9am, looked at google news for 45 minutes. I went down and had breakfast. My wife and I watched a movie and at 6 started making dinner. We went upstairs and on our balcony watched the sunset. Life is good.
I agree to retire as soon as you can afford it. Life is too short to be dictated by work
You nailed this video! Words of wisdom. Thank you for sharing
Great bVideo Paul I appreciate your honesty over the years!!!!! hoping one day to get coffee!!!
USA is on the fast track to becoming unlivable with no relief in sight. Exploring my options now and thanks to you, Paul, the Philippines is climbing my list quickly. There are a few others I’m considering such as Thailand or Vietnam and your videos are shining light on those countries as well. Fairly recently retired, I took my SS at 62 as well after running the numbers. It recently hit the 2k per month (gross) mark and I’m seriously exploring my options, especially after a major health scare with long term ramifications. Too much crap going on in America now and you can’t rely on the government or the media to shoot you straight about anything. Plus, it would be nice, I’m hoping, to live in a country where you can’t be blamed for every problem in the Country simply based on your ancestry or other immutable characteristics. Also, I have met many Filipinos here in America and with very few exceptions they are some of the nicest, kindest, industrious people I have ever met! I’m wouldn’t be coming with rose colored glasses on, nothing or nobody is perfect this side of Heaven, but I would be lying if I didn’t say I’m becoming more and more convinced the Philippines, based on many things I’m seeing and hearing , might just be the place for me! Who knows? Maybe one day we can grab a coffee together!
Joe, I agree with you. The divisions in our society, the rise of people like Marjory Taylor Greene, and Donald Trump has just totally ruined the civil discourse in the US. Plus, the Ukraine and China issues makes me wonder if WWIII is going to come sooner than later. I'm on SSDI with an income of 2K, so I could live ok in the Philippines. It's just all of the preparation going into it. Disposing of all the crap I've gotten, and can't take with me, and paying off my debt. And, to be honest I'm very, very nervous about breaking all of my US ties, and moving to a country that I've never visited. And, it's hard to believe that a beautiful Philipina would find me attractive. I don't want to swap one lonely life for another, bud.
My mindset was I had to pick a country to live. Now it is I need to get a home base.
@@johncampbell3979 I’m hearing you. Good points you’ve raised. I’ve never been yet either so a visit of 2 or 3 weeks might be a smart move! I did have a friend that spent a lot of time there and ended up marrying a Filipina then moving back here. He was my age and by no means a physically impressive man and they seemed to be very happy together. As far as the Philippines itself goes, he really liked the Country and the slower pace of life as well as the people and island life. But he had so many family and friends connections in the US he was skittish about leaving his supportive home base. He also enjoyed a lot of the creature comforts of American living that he would miss over there. Add to that the fact that his new bride really desired to live in America and he decided to coming back was his (their) best move. They did return on a few occasions for 2 weeks to a month vacations there however and other than the expenses and long flights he really enjoyed doing that to unwind and de-stress. He always felt like he was in another world there , without all the cares and concerns of the rat race life in America, which I guess he really was.
@@johncampbell3979 , I moved to cebu over the last year from mn. took a few trips back to sell property but much happier here, i am married for 20 years to a phillipina but you can find someone here if you treat them good
@@johncampbell3979 well the lonely part is the easiest consideration to overcome....ugly...fat and 80.....you will find appropriate female companions and many Friends
from many... nations
and many affordable hangouts and Accomodations....but these Countries have become wealthier.....more prosperous...and made advancements...uhhh some better than others....I have low tolerance of Crowds ..Congestion...Traffic....Chaos....so for myself...this Earth is not as big as it used to be. English is nice but as soon as there is conversation they wish to Hide from You ..they switch...to dialects....your intuition is more accurate than Words and Smiles
Interestingly Paul. Here in the U.K. so many people are retiring early that the government is panicking. It’s adopted a shaming strategy and suggesting that all job centres offer financial analysis to those in their 50s… a misguided attempt to tell people they haven’t enough money.
Private pensions can be accessed from 55…. Ill be surprised if this limit isn’t raised very soon.
They have raised it in Australia it’s now 60……
Hi Paul, while you are busy helping foreign men here, then probably due to your relationship, Baby Mae improved her confidence and English and now she helps interview Filipina women on her channel. Then all the people you both helped, will help other people even more. So certainly you are a dog with amazing new tricks. Your mindset is a great match for Baby Mae too.
Happy Birthday, Paul!🎂🎁🎊🎈🥂
I moved here 8 years ago as I could see the writing on the wall about how the US was going.
At 56 I had 6 years before SS early retirement, no regrets it all has worked out great.
You have a great attitude about living here, only wish more expats could be the same, get so tired of the complaining.
Unfortunately many are bringing the garage from the US with them here.
Now, how was I able to listen to a guy ramble on for 20 something minutes talking about a topic as mundane as retirement and not get bored? Paul old dog, you got the gift of gab. You can make an ordinary turn into something special with your extraordinary communication skills. Needless to say, that was an enjoyable 20 minutes of my precious time spent the way I like to. Thank you Paul, always looking forward to your upcoming videos.
So true. Viewed this video while vacationing in a white beach resort in Cebu, but still able to capture my attention till the end.
he is a gas bag blow hard..boring
Thank you Paul. That was excellent.👍
I filed as soon as I could & got out here. The only thing that slowed me down was 21 days of quarantine in Manila & Tagaytay before getting to my destination of Dauin. Been here 1 year & It works for me.
Happy Birthday!
Paul, I'm of the opinion that the trouble here in the US stems from the fact it's no longer "majority rule", but rather a case of "The Vocal Minority Rules".
Most of the people I know are the same as they've always been, and hold the same opinions as they ever did.
However, these days, those people are rarely heard from. But thanks to the internet, the noisy, opinionated loud mouths that usually wouldn't be noticed are now being taken far too seriously than they should, for nothing more than political reasons, and in an effort by some to make money off of them.
Unfortunately, it was only "Majority Rule" when 80 percent of the population was White. Wasn't so great if you were of color.
@Big Johnson - A full third of my family is Native American... and it still wasn't as bad even way back when, as it is now.
( Yeah, I've got relatives that are actually darker than a lot of black people. lol )
@@guarddog318 I can agree with that, but the Native Americans were devastated by the White "Majority" 100-150 years ago. Kicked off their historical lands and put on Reservations. I'd say that was pretty bad. Now in context of the last 30-40 years, indeed the sellout of one of our 2 political parties to the fringe just to maintain "Power" has been pretty bad, but when 1/2 the population doesn't vote, then we get what we get.
@Big Johnson - I quit voting a while back, when I noticed that no matter who got put in office, we still got the same ol' shit, with the only difference being who got blamed for it.
Our whole political system needs an overhaul. And until that happens, it really doesn't matter who you vote for, or who wins. Things are going to stay the same, or get worse.
This is what I've seen in the past 60 years, with it only getting worse in the past 20.
And yes, I likely still have realatives living on a reservation somewhere.
@@guarddog318 With all due respect, if you can't see the dividing line between the parties, then you are part of the problem, not part of the solution. If you can't see that one party cannot tell you one thing they're for, except giving more money away to the Rich and take it away from the poor, and spend like drunken sailors when they're in charge, then I don't know what else to tell you. I will give you credit for not being a lemming and follow a bumper sticker saying, or a person who stole a slogan from a previous President without giving him any credit. Good day to you sir.
Plan beats no plan in every stage of your life. Including retirement. I was a young hotshot that wanted to retire early. Hit about 45 and had accumulated the nest egg that I was shooting for. So I told my wife that I was putting in my resignation. The first week not sitting in traffic was magical. Taking my wife out during the weekday was mind blowing. It was about 6 months in and I just didn't know to do with myself. I tried various things to keep myself occupied, but after a year at home. I was miserable. A career opportunity came up and I jumped at it. I was never happier than to start working again. I guess I'm just that guy that finds my passion in my occupation.
That's Great yes I'm actually thinking the same thing , I thaught I'd retired two years ago cos I got SS. But got bored 😴 so I started traveling and found a job in Miami also that was a year ago and since I've been working my SS has even gone up nearly 100 bucks . . So the b all end all is America is a Great place to live and WOrk that is if you can find a balance and enjoy your work ... 😉
I retired at 62 and was glad I did. I wish I’d been a firefighter as they have a deserved good pension. Money isn’t everything as long as your happy and comfortable .
Paul, The more I watch you, the more that I like you. You and Baby Mae are a 'feel good' experience.
Enjoyed your chat. I'm almost 63, it's on my mind. Still have dept but it's doable to knock down and save up.
Thanks,
Patrick
Virginia
I’m Filipina but grew up here in the U.S. I live in a town where 98% of the people are white. It was that way 48 years ago when my stepdad and mother moved here. I of course married someone whose family has a history in this town. Even the town’s name is his family’s name. I experienced some bullying and prejudices including his family in my younger years. We are retired now and have often considered moving there in the Philippines. Unfortunately, it would be difficult to pursue at this point because we are raising two grandchildren. The youngest is 6 years old. The 15 years old is adopted but 6 y/o is not. We hopefully can adopt him sometime soon. So there’s hope we can take that step to make plans of what we really want to do with our retirement life. We feel everything is a mess here with leadership and how this country is being run, as well as pushing things to our children that we feel is immoral and wrong. We are Christians and we’re fortunate to live in a God fearing community. But eventually it’s gonna reach the schools in small communities. The good news is People are more open now in accepting nonwhite. Most people know me because I’ve live in this town for almost 50 years. It’s slowly progressing. We are planning to visit the Philippines hopefully in a couple years and show my husband my country. I know someone that’s retired from my county that is living there. He is enjoying his retirement there. Taking a few visits and seeing the life of living there is a priority of whether it’s something we want to do in the future. I love your inputs and feedbacks on everything you talk about. I really enjoy listening to you. Keep up the good work.
They may think you are Hispanic and came in illegally. That's the only reason I would get angry. I follow the rules in every country I've lived in. My hometown turned into a border town, New Orleans!
@@The-Crazy-Coonass Yeah.... everyone thinks my wife is Mexican... even Mexicans come up to her and start talking in Spanish.
@@flinx649 in the USA i had a customer that was Filipino and we were always friendly with each other and i would speak Tagalog with him. Then one day he said he was there illegally. I told him that I did not like that and that you need to respect to laws here. Well we don't speak anymore.
@@The-Crazy-Coonass And yet when politicians want to raise the legal immigration rates, especially the non-white ones, then people are up in arms (literally these days) about more 'foreigners' in the country. I'm Canadian, so yeah I don't deserve an opinion on American problems. The opinion that I do deserve is that I don't want to see the continuing spread of right-wing American racism in some parts of Canada, especially in my province of Alberta. If an 'illegal' Filipino confessed to me about his illegal status I'd ask him how I could help him to remain in Canada and then I'd ask my government to kick out one of our rednick, racist, nazi-loving Canadians. Maybe deport them to New Orleans?
@@donskuse2194 you have it all wrong. The racists are on the Left. I never hear anyone saying awful things about any race or nationality. However, if the Left finds out you are conservative and black or any other race, they will say the most God awful things spew from their mouths. I just want people to come in legally then obey the laws, nothing else. I may not look it, but I'm part black
I have been retired and I am fi ally waking up and starting g to make the arrangement on relocating to the Philippines, been there twice and can't wait to go again. I look forward in moving to the Philippines. This has become a racial, religious, social, and ideology country who has been di inside on all fronts, we longer are americans, everything is based on ideology and status. FED UP!!!
Excellent video!Thank you!
so nice to hear you talking, really enjoyed it thank you !