Why Do You Need 15 Million Pesos to Retire in the Philippines?

[@stocksmarts_]

Should parents FORCE their children to support them? kzbin.info/www/bejne/pXqpqqx_iayGhbM

[@adlrvet5313]

NO,! you can force them all you want but no one knows what the ruture holds if they will give you anthing. save for yourself so you are no dependent and waiting on anyone.

[@tukmol1589]

Just don’t get sick. Otherwise, your 15M will vanish so quick to pay for hospitalization.

[@allanhernandez-roxas4426]

15m even with an annual withrawal rate of 10% and investing in a 6% after tax instrument of the yearly balance will still leave you around 3.65m by end of year 30. 15mx(0.9^30)x(1.06^30).

[@mhacmhac6804]

An investment of 15 million, yielding an annual return of 6 to 10 percent, should be sufficient to sustain a comfortable retirement in the Philippines.

[@stocksmarts_]

Can be

[@lhogie1962]

The question now is where we can invest the 15M to gain 10% annually?

[@paulh6521]

@@lhogie1962 meron naman 6% quarterly

[@PaulTan-t4d]

My personal ballpark gauge for it is like if: - I plan to retire in the next 20 yrs (2045). - I wanted to have a similar amount (P35,000 + SSS pension P15,000) monthly in terms of purchasing power by 2045 assuming average inflation over the period will be 4%. - Maybe be lucky enough to live until 30 yrs past retirement. P35,000 x 12 x (1.04)^20 which will be about P920,000 a year, the amount I need on top of SSS pension per year by then and x30 years... So I need to work hard to save at least 27.6M in the next 20 yrs.

[@HeyHowsMyDriving]

Ballpark

[@Liz_AMusingWanderer]

Maganda ang financial plan for families with special needs! Kudos Sir Renz!

[@stocksmarts_]

Yes

[@kwilde1131]

Very interesting discussion. I worked and saved all my working years in the US. I was smart enough to invest early when I was in my 20's. I have a Philippino nefew just finishing college. My advise to him is to save a decent portion of any salary, say 10%, even if it means doing without some luxuries early in life.

[@falconalley7228]

Pray you’re healthy during retirement years kasi bayaw ko 1.9 million pesos ang Covid bill sa provincia dahil na icu; another a doctor may kaya can afford sa st. Luke, almost 30 days icu with private nurse, ang bill after Phil health and doctors discount 11 million pesos. Itong reality if you want to retire in the Philippines.

[@HariiBTV]

Target of at least 100k/month (70K Cost of Living+30K Health Cost, for 2Pax) or 1.2M per year... need pala at least 20M if gaining 6% PA. Still A Long Way to Go!!!

[@glbong42]

For me, retiring in the PH is hard because health care system is not very good

[@stocksmarts_]

Healthcare in first world countries are really good

[@kwilde1131]

What exists in most western countries is a sick care system. An expensive one. Most doctors just push drugs. You may live longer but in your final years you will be sick. It is by design.

[@myrahartmann2164]

I agree. That’s my main concern.

[@jolibedano6970]

Huwag na kayo mag retire sa Pilipinas

[@myrahartmann2164]

@@jolibedano6970 Exactly. Visit na lang. Always get a travel insurance too whenever and wherever you go on vacation.

[@jhoanne3659]

Your retirement plan depends on what you want to live once you retire.. Rural or urban areas?..

[@dadasimplelife2096]

For me 15m is enough na po sa retirement ko başta sa country side po ako mag-stay at mag tatanim na lan po ng mga veggies around my house para makatipid and mag-alaga ng native chickens for my food,Basta I make it sure na Meron din po ako HMO for my retirement para d Maubos Ang 15m .kapag my hospital emergencies/health sicknesses.

[@robertojrtandingan7768]

Maraming mangungutang at maraming hihingin ng tulong lalo sa kamag anak

[@kaye.b8888]

Ngayon pa lng start ka na mag buy ng lot sa province...mabilis mag appreciate kahit province eh..dahil sa mga developments like sa bulacan dahil sa airport.

[@dadasimplelife2096]

@@kaye.b8888 meron na po small lot pamana po ng father ko somewhere in north (ELYU)po 😊

[@sweet_it_is]

I wonder how many filipinos has 15 Million Pesos or even 1 Million in their bank or savings as of today?

[@stocksmarts_]

We hope a lot can start preparing early

[@Sleepybabykidstv]

Oh my gosh this is my number as 15 mil😮 working hard to achieve it😊

[@adlrvet5313]

ano po ang meaning ng comfortable retirement?

[@kerwintorregrosa8206]

15 million is basic but better to have that amount than nothing.

[@gitadaily88]

Kaya nga minsan napapaisip din aku you are working very hard in your entire life tapos kakainin lang nang inflation yung pinagpaguran mo in the future. So whats the point of working hard? As you stated your 15M in the future is no longer 15 M in terms of buying power compared this year.

[@stocksmarts_]

15M providing passive income

[@adctsggicain5360]

At least you still have that 15M when you retire rather than not having it at all. Imagine you are complaining that you only have that 15M, hence what will be your life if you dont have that amount? 😊

[@leinlein9567]

Im 31yrs old. Wala ako work but nakita ko 100k per month. Puro passive income lang. Dagdagan ko pa source of income ko wala palang talaga ako naiisip. Meron naman kaso di fit sa area namin. Tapos tipid ka lang din hehe.

[@cebuaquaphonicsph6669]

Present ✋😎👍

[@stocksmarts_]

🎉

[@joeextra6102]

15million for 30 yrs; that’s about $750 per month, it may work but may not be comfortable. Maybe living on rice and beans, beans and rice 😢

[@TheKamotechunks]

15m invested would be around 50-70k per month if invested correctly.

[@joeextra6102]

50 to 70k may not be enough in Manila, could work in the province but not much for extra activities like travel, eating out, etc., in retirement

[@TheKamotechunks]

@@joeextra6102 unless your living in Makati or BGC renting a 2BR unit, it wont be enough. if you are renting the the greater Metro Manila then you will get by with that amount. maybe add a 2-3m budget and buy a small house in Southern Metro Manila will greatly give you the flexibility for other things like travel.

[@pinoylovesfishing5545]

Yes, we mised some part of the puzzle, what I meant is due to inflations etc the worth of your retirement will depreciate its value. So whats the solutions it has to be invested to grow atleast 8 - 10 % return. Then 4% withdrawal. Just make some more research its not hard. 😀

[@kaye.b8888]

Sa ngayon ang P8k na budget ko sa food per month...hindi nman rice and beans kinakain ko. Nakakapag cook ako madalas ng sinigang na baka, tapa, sa delata lagibg may spam, pureffods corned beef etc.

[@Jerome-iwnl]

If you want to spend 30k per month in todays money when you retire. And you will retire 20 years from now. And your investments will return 4% per year on avg. Your goal should be 25 million

[@adlrvet5313]

sir sana talakayin nyo ang COST ng ANAK, i noticed and daming anak parang hindi pinag iisipan nag kaka anak lang, it may not be popular but people should be made conscious of financial cost of a child. tsaka yung mga bata hindi kailangan i oblige or hingan ng sustento depende sa apg papalaki hindi kailangan hingan nag bibigay ng kusa.

[@Anythingunderthesun29]

May I know po how did you come up with 15M?

[@stocksmarts_]

That is a good question, we shall make a detailed explanation of that with rienzie

[@buffalowingsrock]

Become a politician

[@gamehighlights101]

you find out yourself 😂

[@myrahartmann2164]

@@buffalowingsrock😂😂😂😂

[@cathylodestar7946]

Whoa. 15M is also the amount that i got to thinking of how much is needed to retire “comfortably”. It’s so expensive.

[@stocksmarts_]

When do you plan to do it?

[@Bslmk]

Finish or not finish, pass your paper😂 Gen X 💪🏻🤩

[@manuelr1405]

15M is not enough for 30 yrs. inflation is rising yearly probably low estimate is 30M

[@stocksmarts_]

That is a good point, i think what rienzie wants to do is to invest the 15M so it generates about 1.5M a year.

[@joeextra6102]

How can u generate 10%. Id love to put my nest eggs there if i get 10% gain. Double my money every 7 years 😮

[@cyrilroxas]

@@joeextra6102exactly my thoughts. 10% per year is high. Youre lucky if you get that

[@joeextra6102]

@@cyrilroxas yess, not guaranteed

[@everydaylifestyle2986]

​@@stocksmarts_really 10 percent per year haha to good to be true mahirap mkuha ang 10% per year. Just base nlang sa realidad 5% would be really 100 percent possible na mangyari

[@NoliRosales-ph1rm]

You need to be realistic on inflation rate. Cost of living increase with time

[@Kheekhai]

Parang mas need ko yata nang mas malaki pa kaysa 15m ah kc life expectancy nang family ko 99 yrs old.

[@bayanifrancisco1820]

For me 15M is good for retirement

[@akosiamarillo]

The important bit is regular income. Pensions public or private, annuity and investment incomes are some very good retirement income vehicles.

[@dudeeph]

pano po yun financial planning w/ ASD kids? i hav 2... daily expenses palang mabigat na.

[@stocksmarts_]

Thank you for this. We shall make a video on this

[@cjmadridtv4289]

15-20m 🫡

[@joelponce-g9u]

Average life expectancy in PI for male is only 68.

[@stocksmarts_]

Is that good or bad?

[@openthecabinet]

Hindi rin obligation ng parents ubusin yung pera nila para i-private school at ipa-Masters ka pa. Or ibigay yung wants mo. Tulungan sila pagtanda 😉

[@stocksmarts_]

Yes very important to not go into debt or deplete savings just for school.

[@Jerome-iwnl]

Please don't JUST save for retirement. The money should be invested in something that gives YOU interest of at least 5% so you can beat or match inflation

[@Jerome-iwnl]

Remember folks, 50,000 monthly expenses today roughly translates to 360k per month expenses in 40 years adjusted for inflation. So if you only have 15 million 40 years from now, that will NOT be enough

[@keroteto]

pag si Rienzie tlga guest mas nakakatuwa

[@krakenn06]

sabihin mo ng ang normal na sahod ng pinoy taas taasan na naten mga 30k a month mag save ka ng magkano kaya b ng 10k a month, mag sabe ka ng 10k a month, sa loob ng 30 years ano lang yon 3.6 million something lang yon kung isa lang talaga trabaho mo wala ka maiipon malamang sa panahon na yan magaasawa ka pa magaanak ka pa e kung ano ano pa kaya 15 million imposible sa normal na mamamayan, mayaman na yang makakaipon ng 15 millyion sa retirement nila kung magsisimula ka ng 30 yerars old

[@keepcalm3275]

Sana sana

[@stocksmarts_]

Go for it

[@jaizaspartyneedsandaccesso7886]

Is .2 bitcoin is enough to retire after 15 yrs? Ito lng ang nasave ko🤭

[@techbean2959]

Ayan yung totoong saving vehicle. Pero kasi di pa handa nag Filipinos sa usapan na yan.

[@themultiverse4108]

Kaya, may ilan mga filipino mas prefer nila gawin retirement plan ang mga anak

[@stocksmarts_]

Oh my

[@tobymadura1922]

Pang high end

[@techbean2959]

15M? With the rate of currency debasement and cost of living? Nope... Bitcoin worth 15M pesos, maybe can stood a chance better.

[@buffalowingsrock]

You need 80 million to retire in philippines

[@aubreyravenl]

Most people are not gonna be able to save that amount though.

[@stocksmarts_]

Let’s just hope that more people start preparing today

[@adorolivar1340]

For a Filipino employee, i doubt if 15M is achievable

[@Jess-p1t]

This is the reason why I have decided not to retire

[@stocksmarts_]

Even at an old age?

[@jhoanne3659]

Kagagahan Yung nagsabi ng 62 pesos pe day... Yung nagsabi from NEDA, dapat Yun gawin nya sa PAMILYA nya noh..

[@igestrella4748]

sino rito magreretire na may 15 million na? sino din dito ang nasa age 40 to 50 na may 7 million na?

[@carnelo9524]

sounds very discouraging to lot of pilipino retirees looking forward to setlte in the Philippines ...advised coming from the 2 percent ..

[@stocksmarts_]

Could be like the bare minimum but if you can save more better

[@spicydavid2005]

You need at least 3 million dollars or more to retire in the USA. Even you need at least 10 millions dollars to retire in New York and California due the cost of living higher standards.

[@stocksmarts_]

That is a lot of

[@spicydavid2005]

You probably need 100 million pesos to retire in the Philippines due inflation. That 2 million dollar. Your life will comfortable to live in the Philippines. Unless you are want to live jones by living western lifestyle in the Philippines. If yes you probably need 5 million dollars to retire in the Philippines. If you are living the highest cost of living at Philippines act like celebrity, actor and other.

[@adorolivar1340]

Maybe you need P250M😅😂

[@JohnDoe-fk6uu]

where is Marvin Germo? its been almost a year since!

[@stocksmarts_]

He is out indefinitely to travel and spend time with his daughter- kzbin.info/www/bejne/jYrUamqNba-npLcsi=ypnI1a0mEwpqGGII

[@pauljoseph3081]

With the current economic and political environment, the Philippine peso might be way undervalued. Close to the Nigerian currency. Better migrate to a Western country, work and save money and open a dollar account. Philippines is doom to fail.

[@jolibedano6970]

Theoretical lang ito. Be carefull to follow ang sinasabi ni Sir at baka ma bankcrupt kayo

[@gamehighlights101]

in 30 years 1m would be 100k peso in value😂

[@GH-uo9fy]

Enough to just exist but you're not really living. Maybe for you it is enough but not for me, I'd off myself if I know I'll live few more decades of boring life. Magic number is probably around 30-50m usd, that 20k usd or 1m php is easily gone on my 2 week european vacation.

[@everydaylifestyle2986]

You talking 30-50m usd ? that is around 2.5 billion peso

[@GH-uo9fy]

@@everydaylifestyle2986 Yes, we're talking long term or decades of retirement with failsafes against disasters and emergency and a fund for leisure and a little luxury to actually live life rather than just existing or just sitting at home in your golden years basically making it a soft prison. There's trillions of dollars circulating around the world and 50m usd is a pretty modest and reasonable ask for a good life. This amount is even a small fluctuation in a billionaire's net worth. Sure you can live for a lot lower, maybe even a dollar a day but is it a good life, I doubt it...

[@stocksmarts_]

The more the better

[@GH-uo9fy]

@@stocksmarts_ Not necessarily, diminishing returns probably kicks in around 200m usd, I doubt quality of life is any different from a 200m individual to a 500m one. For example, there is no point buying a private jet when you can rent it all your life and it won't reach the actual cost of the jet. Also the bubble becomes more apparent, these ultra high networth individuals usually have busy regimented schedule almost robotic and can't go anywhere anytime like a normal person and they also need a security detail.

[@robertpons5960]

😢haaaay

[@stocksmarts_]

Why?

[@tobymadura1922]

Pang mayaman Naman budget nyo. Not for masa

[@leinlein9567]

Malaki pa nga siguro yun 15M hehe. Pero di naman maikakaila ang pagtaas ng inflation. Siguro mga richkid kayo kaya need 15M for retirement 😂 Pero nakita ko ng 100k a month sgro lending and 8 tricycle puro passive income lang. Pero naghahanap pa ko ng other source of income kasi nga gawa ng inflation din. Im 31yrs old right now. Target ko is 8M to 10M hanggang 40yrs old ako. Hehe Wala pa ko anak. Kaya hanggang wala pa need ko talaga mag ipon at magdagdag ng ibang income pa. Magagawa ko to tiwala lang at samahan ng Dasal ❤❤❤

[@possitivemomtv7033]

5m. Kikita Ng 100k monthly ok na. Din

[@stocksmarts_]

Invested in what asset class?

[@joeextra6102]

Too good to be true 😂

[@Dines27120]

@@joeextra6102then its not true.

[@everydaylifestyle2986]

Haha that is 24% gain per annum malabo yan.. bka business possible yan

[@JamesBond-fn8rn]

Shut up click bait

[@JennyScott-by3rj]

I really appreciate the no-nonsense approach you take to the news and the markets, A lot has changed and that's about it but the truth is that I don't even care much about the bull or bear market anymore because Ashley Anderson gat me covered while I'm doing comfortable. 15k every week and I'm still counting thanks to her❤️

[@Amanda-cr5iz]

How please?? Please help me I really need to gain My losses back

[@FrederickBrown-bx3tn]

I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Ashley Anderson. Highly recommend 👌

[@Mikemike1Joss-uf9sc]

Same here, I'm blessed only. God knows how much I praise her, £32,000 every week! I now have a good house and can now afford anything and also support my family, and never will I forget to pay my tithes because God has been so faithful to me and my family

[@rebeccacuban]

Yeah! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you mrs Ashley Anderson, imagine investing $10,000 and received $52,500

[@ChristinePowers-bt5vg]

Can't imagine earning €22,000 biweekly, God bless mrs Ashley Anderson God bless America❤️

[@Jerome-iwnl]

If you want to spend 30k per month in todays money when you retire. And you will retire 20 years from now. And your investments will return 4% per year on avg. Your goal should be 25 million