Many people consider the cost of living in the Philippines a plus when considering a retirement destination. I have a small selection of resources to include the PRA or Philippine Retirement Authority at the following page: Manila Retirement. Does one actually ever "retire" and if so, from what? work? hustling? certainly not living and the costs should only be one factor taken into account when deciding on a destination to live.
Bill & Lorna are very successful business people and have many family businesses that allow them an opportunity to advise from experience and common sense. Here is an excerpt from one of their older replies:
BEGIN Quote: "I have been informing fellow American guys and guys from the the U.K and Europe for many years that they can live a simple QUALITY lifestyle here in the Philippines on a budget from U$400 to U$700 / month plus an initial start-up fixed costs for basic furniture, appliances, entertainment electronics, and your own transportations from U$5000 to U$10,000 depending on what type of vehicle you choose and which electronics and what type of furniture. For those with a larger retirement income like you I'd advise moving around for the first year of two staying in various regions with various climates and types of Filipinos until you learn more about the costs of living and what type( big city, medium city, small town or rural country side or popular tourist destination so you have regular contact with foreigners and other expats)of environment is your favorite.
Also I advise new retirees to NOT tell ANYONE how much your income is and to "play poor" otherwise they may find themselves spending unusual amounts of money without knowing how it happened so fast. Basically, your monthly income is 3 to 4 times higher than most foreign Expats living/ retired in the Philippines so you could live like a "millionaire" here but I'd advise against conspicuous spending until you know your way around around more and are aware of certain possible consequences for choosing to live "large". So you can SAVE most of that monthly income for the first year or two. Hope that helps you. Keep in touch, Bill and Lorna." END Quote Just do a search for Asia Bill or contact me if you have any difficutly getting in touch with Bill. I am going to add another resource to the retirement page linked above in a few minutes. It has good information on just about every issue you are likely to face along with some city links. Thanks for reading this report, Eric.
Update: Fixed above link and added two resources to that page.