If you’re planning to retire in the Philippines, you’ll quickly notice that gambling is part of everyday life. From large casino resorts in Manila to small betting outlets, it’s easy to find ways to play.
As a financial advisor, one of the biggest problems I see with foreigners living abroad is financial planning since you don’t have the NSA, 401(k)’s, or Superannuation’s to help you out – you’re all on your own with little or no help from the Philippines or your motherland. For those retired, semi-retired, or thinking about…
‘How to live in the Philippines with no money’ might seem like a ridiculous title for an article, but it’s something that people are searching for on Google almost every day. From time to time, I take a look at the statistics for this site and like to see how people are finding us. Most…
FATCA, FBAR, PFIC… this alphabet soup of tax/financial related acronyms can certainly send chills down the spines of Americans living abroad. And it should – the US is the only country on the planet (besides Eritrea) that taxes its citizens worldwide, and non-compliance can result in hefty penalties. Luckily, by understanding a few simple guidelines,…
You have now made your move and decided to relocate to the Philippines. You will obviously want to have easy access to your money which is almost certainly paid into your bank back home. To do that, you will want to open a bank account here in the Philippines. Which bank should you choose here?…
It has been said that money is the root of all evil but that is not exactly how the saying goes and it is often misquoted. “The love of money is the root of all evil” is correct. What about, “I would love to have more money?” I don’t think that is wrong, as I…
One important question that most expats have about retiring to the Philippines is how to access their pensions and/or their money in USA and other foreign banks. Since I am American, I am familiar with access to money in USA Banks from the Philippines and it is not a problem for my family and I….