Retire Well

Which place is cheaper for a person to retire: Thailand or the Philipinnes?

I am thinking about retiring in about 10 years and I want to start planning. If I stay at my current job, I can retire with about $2950 per month (a little under 100 per day).

I would like to retire overseas. I am concidering Thailand and the Philippines.

Which one would be cheaper? Which one has the better quality of life for retirees?

I have lived in both places at different times as a civilian and in the military. Both countries have something good for retirees but if I had to choose again one over the other Thailand is still my choice.

I have (retired) friends that lived in the Philippines and they moved to Thailand. They felt safer and believe that their life would be a little better in Thailand.

Before you make any decisions spend some time in both places. Talk to expats in both places and see what they think. You will find retirees in the Angeles City area, Subic Bay area and Manila. (Other areas too of course.) Some of the places in Thailand where you will find foreign retirees will be Bangkok, Pattaya and Phuket.

Visit first and then decide!

Thailand is my choice, I think it is safer, cleaner and the hotels are cheaper too! Just an opinion. In the Philippines almost everyone speaks English, they drive on the same side of the road as Canadians and Germans. In Thailand they drive on the same side of the road as Australia and UK.

Visit first several times. You can fly to Manila or Bangkok and take a side trip to the other city and look around. Do the research now before you put your money down!

http://www.alloexpat.com/philippines_expat_forum/

http://blog.totalphilippines.com/

http://www.expatfocus.com/expatriate-thailand

http://www.expatforum.com/articles/country-guides/thailand-country-guide.html

Good luck.

How long can you ride a horse before you should retire it?

By that I mean what is the recommended age to retire your horse.

You can't really state that a horse should be retired at X age as all horses are individuals and different.

What you should look at is the level of work and the horse's ability to do it, also taking into account his mental health.

A horse that has been doing hard work like eventing and such can often do showjumping for much longer than XC, equally a horse who is used for roping can retire to reining or pleasure work.

Some horses due to injury need to retire to slower work much earlier than others (racehorses as an example)

Basically once your horse is over ten it's getting on a bit, but if it's happy in its work with no health problems then it's fine to continue that work.

At fifteen or so you need to be on the lookout for changes to muscle tone and such, and leg injuries. Horses often start needing a bit of help around this time but of course that's not set in stone - many ponies over here in the UK go on well into their 20s in gaming.

If at any time the horse sustains a serious injury then that may mean that he needs to retire earlier as his injury may cause arthritis or similar problems.

Some older horses benefit from a diet that has been specially formulated for the older horse, and a lot of people are very keen on using pain killing herbs for their animals who are feeling their age, such things as Devil's Claw and 'Mobility Mix'

Basically if at any time the horse is struggling in his work - look for excessive tiredness, recurring lameness, lethargy, stiffness, constant injuries and absolutely anything else you can think of, then it may be time to consider lightening his workload. Of course this decision can be discussed with a vet who will be the best person to advise you for individual horses.

Older horses can still enjoy light hacking out, or even if they're that old being led out for a change of scenery. Its all about quality of life for them.

Hope that helps a little?

Where would be the best place to retire cheaply and comfortably abroad?

I have a substantial amount of retirement money saved and am looking for somewhere to retire abroad where my money will go a long way and i can live comfortably. any ideas?

My choice was the Philippines.
Friendly English speaking people.
Tropical weather.
Many beautiful beach and inland resorts.
Cheap cost of living.
Tourist visas can be extended up to 16 months and retirement visas are cheap and easy to get.

how much money do I need to retire 1 year in Philadelphia?

I don't really like having a job cause Im still acting like a kid even though in turning into an adult. Im thinking of retiring at 18 when I leave high school. Im wondering how much money I need to retire for 1 year. Also please tell me more about retirement cause im still new on retirement.

u need to be a billionaire to retire at 18
need ore than 40k

Heres a retirement calculator
http://moneycentral.msn.com/retire/planner.aspx?pkw=PI&vendor=Paid+Inclusion&OCID=iSEMPI

i have been offer a Civil service Job. How soon after I retire my I start?

I’m retiring from the military 20 years, I have been offer a Civil service Job. How soon after I retire my I start my civil secrecies job, Or is there even a time gape?

i dont think thr is a time gap congrats!

How much would a 33 year old need to retire?

If you are 33, and you want to retire tomorrow, how much money would you need?

You need enough money that it will "spin off" in interest each year enough to meet your annual income. The safest way to calculate this is based on an average annual return of only 5%, long term (since you don't want to risk losing your funds along the way, you'd have to stick with low-return instruments like T-Bills & Bonds), so if you wanted an income of say $60,000 a year, you would need to have saved (60,000/5) x 100, or $1.2M

What redundancy money are you entitled to when you retire?

Hi
My friends husband is almost 65 and is due to retire is he entitled to redundancy money and if so how would it be calculated as she said she read in a newspaper recently that you are not entitled to redundancy on retirement.
Yes I know they are not the same thing thank you for that advice, but I want do know if he is entitled to redundancy on retirement or what is he entitled to on retirement. Your answer was not very helpful.

He would only be entitled to redundancy if he is still employed and redundancy notice was given, before his retirement.
The payments depend on a lot of factors.
how long he has worked for his employer
His age
His weekly pay.
He has the right to:
half a week’s pay for each complete year of employment when he was below the age of 22
a full week’s pay for each complete year of employment when he was between the age of 22 and 40
a week and a half’s pay for each complete year of employment when he was above the age of 41.
He can't be given statutory redundancy pay for more than 20 years' employment and there is a cut off point of £330 per week.
Employment is counted up to the date his notice runs out. If he hasn't been given any notice, it is the date on which his notice would have run out if he had been given it. This will depend on what notice he is entitled to by law.
There is a ready reckoner on the berr website which I have provided the link for below.

How do you pay your mortgage or rent when you retire?

I am 28 in the UK. I haven't got a mortgage. When I am retired and living probably in private rented accommodation, who pays the rent? Or what about if you haven't finished paying off your mortgage but have to retire? I'm planning for my future!
I am probably never going to have a mortgage. So how do I cope with the rent?

Hi, in the UK, you will actually get a very small state pension - if you are 28 now, let's face it, it will hardly be worth anything by the time you retire (I'm 35 and not counting on the state either). I doubt it will be enough to cover bills, let alone food and housing.

What you need to do in the very near future is start a private pension - it could be with your employer if you work (usually better as they often contribute a little for you, my employer does), or it could be a personal one. If you can, go and see an independent financial adviser to help you choose the right product as there are just so many out there.

But you can't just rely on that either, as some pension funds have done badly in the past, so you also need to do some long term savings - an ISA is a good start, and you can put up to £3600 cash each year.
Once you have saved enough, you may want to invest it in a property - I know it looks impossible for the moment, but remember that prices are coming down and you are still very young - if you save for a deposit for the next 7 years, you can then take a 25 years mortgage and it will be paid off when you are 60 - ready for retirement!

If you haven't finished paying your mortgage, you can do like a lot of elderly people and downsize to a cheaper property, so you are debt free. And if you haven't bought a place by then, your savings will bring you a nice little income and you'll use that with your private pension and your state one to pay for everything…

Basically as long as you plan now and put enough aside (and don't touch it for any reason!), you'll be fine… Just don't count on the state or others to look after you as you can see all around you how badly older people are treated.
Good luck

How do I sell my JanPro Franchise if I decide to retire?

If after operating a JanPro Commercial Cleaning Franchise business for a numer of years I decide to retire, can I sell my Franchise? Will JanPro assist in finding prospective buyers?

Get a Business Broker to help you (they are kind of like a real estate agent, but they sell businesses). The franchise company will assist you in the transfer and training of the buyer, but it's unlikely that they will assist too much in helping you find a new buyer ..not too much in that for them ..they make more money selling a NEW franchise to a prospective buyer in a new territory..

Would you work outside the home if you had enough money to retire early?

No one in my office who is over 50 seems to happy to be there. Many of them have told me they can not wait until they turn 62 and can take Social Security. Many people in the office are hoping to retire before they are 62 and move to volunteer or part time work. They are burned out and show it!

How about you? If you had the ability to retire from your job/career as early as 50 would you do so, if you could swing it financially? Or would you miss the gang at work and having a place to go to each day?

At what age is early retirement a good thing or is it just a sign or lazyness?

If you are finacially independant, you can retire at any age.
Most people become burned out when they live pay check to pay check at a job they hate.