Hello out there, My name is Steve and I am considering moving my family to the Philippines. I have an American wife with 2 daughters. However, My oldest daughter will stay behind to attend the university here in Fairbanks, Alaska. Now to the nuts and bolts of my inquiry. My wife and I will have a retirement income of about $4000.00 monthly. Moreover, By the time I get to the Philippines I will be a year or 2 away from collecting social security. I have observed the exchange rate of the U.S.D. and Philippine peso. In fact, since I first considered moving to the Philippines the exchanged rate was 48 to 1 Peso. It is now about 44 to 1. However, I believe my family can live on half our retirement income and save about $20,000. annually. Perhaps that will cushion the precarious U.S.D. Anyhow, I would appreciate anyone's advice in regard to my income and desire to want to live in the Philippines. I lived in the Philippines briefly when I was stationed on a U.S aircraft carrier in the mid 70's. I am sure it has changed. My wife and I retired from the U.S. Navy more than a decade ago. We currently work for the State of Alaska in Fairbanks. I think we want to go from the extreme cold to the extreme heat.
Sincerely,
Steve