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When is enough, really enough?


Paul

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I certainly wasn't thinking of two kids along with the parents. So, I can definitely see that budget now.

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60k for 3 people works

 

but now i found a need for a beach house to buy....5 million

 

so i will set my sites to buy it or one like it

 

just i need to go back to work

 

oh damn

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I like many here am a retired military person. I stayed 24yrs and got a small pension,, had to still work to pay for house, car, kid in college. So went to work for the USPS or Postal

Service, worked for them for 23yrs. Was driving to work one Friday morning, in horrendus traffic and throught to myself why am I still doing this. So got to work and called the retirement section and said I wanted to retire. They said when, I said Januray 31st they said no had to be first of month so I said 1 Feburary they said fine. I was an workaholic, loved my job went all over Colorado and Wyoming. Then Dept of Labor stepped in and said I was no longer an exempt employee, which meant I could only work eight hours a day. That really pissed me off as I usually put in at least 60hrs a week and never charged the company for it. Long story short my wife has MS and parkinsons. So travel was out of the question most times. I bought a trailer in Florida as a hegdge against inflation. If worse come to worse I lose the house at least I have a place to live in Florida bought and paid for. So I still love retirement even thourgh I'm not doing what I wanted. Was in Japan, Korea, Okinawa, Hawaii, and Germany while in the military so have traveled a lot. Still would like to go to Phil and live but know that will never happen/ I'm 69 now soon to be 70 in June. I would not give up my retirement for anything. Just wish I could be back in the Far East where I always belonged. Now I just ride my Honda 750ACE and my 1800Honda Goldwing Trike for fun and entertainment. So there are still some good things here.

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dablindfrog
Is 63 the average lifespan of foreigners?

 

Depends on the country of origin.

 

Check out the link for more info.

 

http://en.wikipedia....life_expectancy

 

you can scrap that wiki entry, they now found out that most retired peoples in Japan are in fact mummified in their kid's home so that the kids can still receive pensions, the govt became suspicious when they kept sending pensions to 160 years old peoples..... :littleangel:

 

some impressive jerky that must have been!

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smokey

We have plans of moving to the Philippines in 3 or 4 years (I'm 47 now), but the reality is, we could make the move in 2 years. I want a comfortable existence there, but not at the expense of whittling away my life and leaving it too late for our kids to make the move (becomes harder when they approach their teens). So in dollars and cents (or pesos), what is another year worth? Well working it out in Pesos per month (ongoing income), and it comes in at less than P10,000 per month. When we were living there 8 years ago, we lived on a budget of less than P20,000....and this time around we'll have P80,000 per month. Should we wait another year to make it P90,000? When is enough, enough?

 

Just some rambling thoughts.

 

Andrew

 

Living as a retired man with Western needs I can do quite well with a frugal filipina wife and P80,000 per month. I know other men here who have a wife and children who all have Western needs and there is no way in hell they can do it on P80K

 

 

 

 

i like my brewed coffee and tiger shrimp but have very few vices but there always seems to be unexpected expenses ..... 26.000 school fee.... 4,800 review fee... books 5,700.... birthdays of the kids.. 5,000p each.... new spring or ? for the car 35.000p ... timing chain for car.... 2 new tires..... property taxes 22,000p auto insurance 13,000p plumbing at house 12,000p these type of things just pop up like clock work so my life here has cost between 100,000 to 120,000 month average

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I was re-reading this thread, which led me to reflect. Just last week, a friend of a college at work passed away while he was playing squash (heart attack I think)..he was only 62 and was saving and looking forward to retirement. There are plenty of guys I know who are in their 50s planning their retirement, but most will have to keep at it till 65 or 70. Sad really.

 

I was thinking how quickly the last 10 years have gone and it seems like our (wife and I) lives revolve around our work.

 

We have plans of moving to the Philippines in 3 or 4 years (I'm 47 now), but the reality is, we could make the move in 2 years. I want a comfortable existence there, but not at the expense of whittling away my life and leaving it too late for our kids to make the move (becomes harder when they approach their teens). So in dollars and cents (or pesos), what is another year worth? Well working it out in Pesos per month (ongoing income), and it comes in at less than P10,000 per month. When we were living there 8 years ago, we lived on a budget of less than P20,000....and this time around we'll have P80,000 per month. Should we wait another year to make it P90,000? When is enough, enough?

 

Just some rambling thoughts.

 

Andrew

 

Well, I think the key thing you need to look at is where your 80 or 90K comes from. If its not in PHP you should:

 

factor in exchange rate risk and assume a wide safety margin

assume at some stage your country's state pension scheme will go bust, and sooner rather than later

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  • 2 weeks later...
dirtsquirter

I can only say enough is enough when you have finally had it with a "work until your dead" life, you sell everything you own and pack your bags and make the move here with or without any pension and just live here off of your savings until you find your way to make a living here. It's not that bad, keep a reserve so you can make an escape if needed, and you will eventually find a way to make it, especially if your not a lazy bastard who likes to drink heavily in the morning, hang out with other drunk expats, and have a maid, ya-ya, helpers and drivers wiping your ass in your 20 million dollar seaside home while your newly crowned queen does a full days shopping at the local mall. "Just do it" - don't wait till your dead!

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I can only say enough is enough when you have finally had it with a "work until your dead" life, you sell everything you own and pack your bags and make the move here with or without any pension and just live here off of your savings until you find your way to make a living here. It's not that bad, keep a reserve so you can make an escape if needed, and you will eventually find a way to make it, especially if your not a lazy bastard who likes to drink heavily in the morning, hang out with other drunk expats, and have a maid, ya-ya, helpers and drivers wiping your ass in your 20 million dollar seaside home while your newly crowned queen does a full days shopping at the local mall. "Just do it" - don't wait till your dead!

 

if you have a 20 million dollar (or even peso) home you ought to be able to make it here, there, or anywhere.

 

but the underlying sentiment of your post is just fine.

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I was re-reading this thread, which led me to reflect. Just last week, a friend of a college at work passed away while he was playing squash (heart attack I think)..he was only 62 and was saving and looking forward to retirement. There are plenty of guys I know who are in their 50s planning their retirement, but most will have to keep at it till 65 or 70. Sad really.

 

I was thinking how quickly the last 10 years have gone and it seems like our (wife and I) lives revolve around our work.

 

We have plans of moving to the Philippines in 3 or 4 years (I'm 47 now), but the reality is, we could make the move in 2 years. I want a comfortable existence there, but not at the expense of whittling away my life and leaving it too late for our kids to make the move (becomes harder when they approach their teens). So in dollars and cents (or pesos), what is another year worth? Well working it out in Pesos per month (ongoing income), and it comes in at less than P10,000 per month. When we were living there 8 years ago, we lived on a budget of less than P20,000....and this time around we'll have P80,000 per month. Should we wait another year to make it P90,000? When is enough, enough?

 

Just some rambling thoughts.

 

Andrew

 

Well Andrew my thoughts are if you are fairly happy right now in your home town (enjoying your wife and kids ) I would wait the extra year and make your retirement income bigger. But if you are not happy where you are then by all means you should move as soon as possible.

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Thats one way to look at it...........however, the one thing you cannot buy at any price is one more minute of life. You have what you have so spend it like it is the most precious thing you have............wait............it is !

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I'm all for semi-retirement first where possible. Cut down on work but don't stop. I guess if you have a lot of money and lots of hobbies then full retirement would be okay, but far too many people seem to fade away in retirement if they haven't got enough to do...

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SkyMan

This is an old thread and so I read the OP and checked to see if I had replied and none, so. Meaning, I didn't read many of the replies so if I'm repeating or whatever, sorry.

 

The subject of the OP is a military person looking to retire to the PI after finishing his 20 but thinking maybe going to 24. First let me say that under the old retirement rules it would be a no brainer as far as retirement. Do only 20, and then work as a contractor. You will continue to get half your base pay for the rest of your life and whatever you make as a contractor outside. For me that meant a 6 figure salary but living in the midwest so not a very big cost of living. There are those who will boast of their salaries in California that barely survive because of the high cost of living. Anyway, I started asking myself what was I working for? I could/can survive decently in the US on my retirement but not with a whole lot of fun. I can live here and really do well. It's up to you. I should also say that my feelings on this have adjusted lately. I am now very unsure of how secure my US military retirement payments are. Honestly I think our gov't will default on some payments soon and it sure wouldn't surprise me if military retirees were the first screwed. I mean, it would sure be horrible to take subsidies from the lowlife scum sucking the country dry.

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Cipro

I'm all for semi-retirement first where possible. Cut down on work but don't stop. I guess if you have a lot of money and lots of hobbies then full retirement would be okay, but far too many people seem to fade away in retirement if they haven't got enough to do...

Well in 2-3 weeks I'm coming to PH for an indeterminate amount of time, but with firm plans to return to California. Sort of a limited remote work/LoA deal as it stands right now. We will see how it goes, I need someplace with a good connection, low rent and few distractions. I'm thinking Baguio but it's not firm yet.

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Kodiak570

One of the best articles I've read recently on this subject was written by Gary North. I'll pick out my favorite pieces.

 

 

 

 

 

If you're still working and not doing something you love you're trading heartbeats for wages.

 

Have a nice day!

 

p.s. The entire article can be read HERE

 

I was on the way back to work in the Middle East and found something similar in the Border's (Bookstore) in Dubai. The author's name is Timothy Ferris, and he has really caused me to reanalyze my current life plan and my future outlook. BTW I am only 35 and would like to be retired by 50. Long story short, his model calls for several "mini-retirements" as opposed to one "golden years retirement."

 

You get to enjoy your time and money, see the places and things you want, and refresh and recharge yourself to re-evaluate your current and future goals and needs.

 

Planning and Financing Mini-Retirements

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  • 1 month later...
ArieBombarie

if you have a 20 million dollar (or even peso) home you ought to be able to make it here, there, or anywhere.

 

but the underlying sentiment of your post is just fine.

it can take years in the current real estate climate to sell a 20 mil house :twocents: or even a 2 mil one

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