WELCOME TO NORTHERN SAMAR

Clean, unspoiled, unexplored, hidden paradise

THE GUIDE TO RETIRING AND INVESTING IN THE PHILIPPINES

2. THE COST OF LIVING- Retiring in the Philippines is very cheap. If you come from the western world you will live like a king or queen. Your dollar or Euro has so much power in this country. Though Peso is getting strong, US dollar still command a big buying power in the local market. To give you an idea, you can hire a house helper in the province for $60 a month, a driver for $80 a month (board and lodging included). If you are alone or with a partner you do not need a helper or a driver. You can do everything at home on your own. You can buy a $40,000 house in a beach park lot in Paradise village. A $1,000.00 monthly budget is more than enough in Northern Samar for your subsistence. You may have extra savings left from that budget too because you cannot spend them all in a month (it depends on your spending habit). Now, are we talking about working for extra money, bagging at the register in a supermarket to supplement your meager monthly retirement income? Here in Northern Samar you live a happy, adventurous, healthy, and respectable life, plus some savings from the monthly pension that you did not spend. You can receive your pension and SS benefits in the Philippines. It would be easy if you have a bank that has a branch in the Philippines also. I have Citibank and when I am in the Philippines I withdraw from the machine at the local Citibank. HSBC has worldwide branches also. There is no international bank in Northern Samar but you can withdraw with your debit card in any local ATM bank machines.

  SPEND YOUR RETIREMENT MONEY HERE AND YOU GO BROKE.

OR HERE AND LIVE LONGER, HEALTHIER, AND RICHER