More and more people are choosing to retire abroad to enjoy a better climate, new experiences, access to affordable healthcare and a lower cost of living. One destination long popular with expats is the Philippines, a nation that spreads out over more than 7,000 islands. Its borders are Taiwan to the north, the Pacific Ocean to the east, Indonesia and Malaysian Borneo to the south, and the South China Sea to the west. A large expat community enjoys everything the country is known for – beaches, beautiful scenery, tropical climate and friendly locals – plus affordable healthcare and a low cost of living. Other perks: The Philippines extends a number of incentives to expat residents, including discounts for the 60+ crowd and the duty-free import of household goods.
No matter how much you have saved for retirement, you may be able to live better – and make your money stretch further – if you retire abroad. (see Retirement: U.S. Vs. Abroad). Here, we take a quick look to see if it’s possible to retire in the Philippines with $200,000 in savings.
reference: Jean Folger, Investopedia
Read more at: https://www.investopedia.com/articles/personal-finance/031815/retire-philippines-200000-savings.asp