Signs you are ready to retire ( Philippines )

Written by: King San Jose Santos, RFP

Most Filipino’s have a short term mindset instead of preparing for a relaxing future, they tend to enjoy life in the short term while suffering in the end. An investment mindset and a long term vision is what lacking in the Philippines.

 We asked our clients in San Jose Financials website (www.sanjosefinancials.com) and asked them,  “ What is the best investment for you?”.  80% answered  they prefer to put it under time deposit.

 Related Topics:

•      Know more about SJF Business Management
•      SJF Business Solutions

Financial literacy is too low in the Philippines. The Majority of Filipino’s is intimidated when they talk about stocks, bonds or other investment materials that is available. So what are the factors for us to retire early?

If we talk about retiring, there are other factors you need to consider. Spiritually and mentally, a person should consider asking yourself if you are ready to have a life of no work.  You have to understand the when you decide to retire, every day is “ Sunday”.

 Related topics:

•     Know the requirements in Retirement
•     How SJF Wealth Managers can help you retire?

Being ready financially is easy to compute. We always do that in here with SJF computing the readiness of our clients in retirement and preparation of funds. However,  we should know the right perspective. It is not with the age but with the financial readiness and proper mindset is a sign when you are ready to retire.

What are the signs that you are ready for retirement?

1. Following a Plan

• Being retired involves discipline.  If you have a plan when you are playing games or sports, isn’t that logical to have one for your wealth as wealth ?

 ( visit www.sanjosefinancials or call for a free consultation 798.8111)

2. You are fully covered with your risk

• From your life for your health,  Your risk for you and your family is fully covered

3. Your children are financially independent

• Seeing your children grow and worry free is every parents dream.  You are ready to retire if you see your kids fully independent and well covered.

4. Almost no debt.

• You are ready to retire if you see your house, car and other loans fully paid.

5. Your investments can sustain your everyday

• You are definitely ready when you see that you can survive by just your investments.

Everyone has a different standard. A retirement plan for Mr. Guitirez can’t be fit for Mrs. Salvon. There is no amount that can tell you that you are ready for retirement.  Filipino’s often tend to look for the value of income as the basis, however the secret formula there is not only income but several financial factors.

 To know more about retirement planning, visit SJF website atwww.sanjosefinancials.com or call 798.8111.

Read More

PH also among the TOP RETIREMENT HAVENS

This article is brought to you by : PHILIPPINE DAILY INQUIRER
Written by Fe Zamora

MANILA, Philippines—Scoring a perfect 100 percent in “Cost of Living,” the Philippines makes it to the “World’s Top Retirement Havens in 2013,” an annual list prepared by International Living, a monthly publication about the best places to live in, retire, travel  and invest.

The Philippines ranked 15th in a list of 22, sharing the spot with France and Ireland, the magazine said in its website, www.internationalliving.com.

The ranking was based on a retirement index which the magazine’s editors, correspondents and in-country experts collected. The index cited eight categories, namely, real estate, special retirement benefits, cost of living, ease of integration, entertainment and amenities, healthcare, retirement infrastructure and climate.

Related Topics:

*What is Wealth Management
*Retirement Planning
*The secret of Investment Management

Related Blogs:

* Keys to Financial Success
* Top 10 Starting Tips
* 9 Things you can do to increase your Income
* Tips on how to save

Ecuador, which topped the list, scored a perfect 100 on climate. It scored a total 91.9 percent.

The Philippines, France and Ireland tied on the 15th place with an index score of 79.5 percent.

The Philippines scored high in ease of integration, healthcare facilities and retirement infrastructure. It scored the lowest 57 percent for real estate.

“Each destination is desirable in its own way, but they all offer something increasingly hard to come by at home: A good quality of life for a reasonable price,” the magazine said.

“Among these 22 destinations, you’ll discover places where you can save tens of thousands of dollars on world-class healthcare administered by English-speaking and US-trained doctors … find beachfront condos for less than $90,000 … and see that a couple can live well on just $900 a month excluding rent.

“Now, no ‘formula’ can spit out the name of the place that’s just right for you. After all, your priorities are uniquely yours,” it also said, addressing the retirees.

Data from the Philippine Retirement Authorities (PRA) show a high concentration of foreign retirees in Makati City, which boasts of modern hospitals, malls, hotels and entertainment amenities.

The PRA is the government agency mandated to attract foreign nationals and overseas Filipinos to invest, reside and retire in the Philippines.

Panama, Malaysia, Mexico, Costa Rica, Uruguay, Colombia, Spain, Thailand, Malta, Portugal, Nicaragua, New Zealand, Italy, Brazil, Chile, Honduras, Belize and Dominican Republic also made it to the www.internationalliving.com list of Retirement Havens.

Related Blogs:

* UITF, Mutual Funds, Stocks? What is right for you?
* Risking your life with advocates
* What is Wealth Management and the future of Wealth Management in PH

Related Services

* Do you want to retire early?
* Retirement Planning
* Asset Management
* Investment Management
* Wealth Management

Read More