VIDEO ON MSN MONEY
the sad fact is that I blame the US Citizens for the problem we have with our politicians
left & right - if we keep re-electing the same type of politicos the issues in the US will never change (or get better)
however - the politicos have us right where they want us - blaming the left or the right vs. looking at the real problem -
Why should that be?
During my working life, I traveled a great deal. And all over the face of the planet, too. I've seen the good, the bad, and the ugly. At one point, I decided that the best place for me would be Malaysia--that was 10-years ago. Well, that peachy-looking golf course retirement spot just isn't what it used to be. Poorly managed, maintenance issues, and promises unfulfilled. It would have been a disaster for me.
Stay at home. At all costs, stay home. Life is what you make of it, anywhere in the good ol' U.S.A.
Philippines is good. English is very commonly spoken, taught in all schools by law. Its cheap, its warm, and they like us there.
Americans who are used to constantly looking over their shoulders and having to watch every word uttered, will be amazed how free life can be. It has not been destroyed by liberals yet.
It is also the only Christian country in Asia, its full of very pretty ladies, and Filipinos are renowned for their friendliness.
It does not apply to most retirees, but its also a fine place to raise kids.
Dumaguete was mentioned in the article, but there are plenty of other good places in and around the smaller cities. Davao, Baguio, etc.
It is said to be a poor country, but everyone hustles, and even Manila is not bad. No matter where you choose there, you can insulate yourself from most of the negatives simply because you have better financial resources than most Filipinos.
The big problem I have with retiring overseas is that I have relatives. Have these ex-pats no children, grandchildren, siblings, parents? Does the reduced budget include travel expenses to enable the retirees to go home for holidays, births, deaths, graduations, etc.? When your first great grandchild is born, neither email nor Skype can make up for missing the experience in person. And if you have an aging parent, do you simply dump all the responsibility for helping to ensure their quality of life just so your food and rent is lower?
Bottom line, there's more to life than a low cost of living.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
They are expected to take in a record $2.25 billion in fees and surcharges this year.