Love it nick, enjoy that beautiful island and stay safe.

@nicholasdeguzman4241

Жыл бұрын

Thanks bro.be safe too😇

New subscriber here, Thanks for sharing lots of informative retirement tips! Where are you particularly in Bulacan? Is Norzagaray flood free?

@nicholasdeguzman4241

2 ай бұрын

Hi thanks for your comment.We are in Pulong Buhangin Santa Maria Bulacan.and No Norzagaray is not a flood zone.take care.😇

@bintotfineday1638

2 ай бұрын

@@nicholasdeguzman4241 thank you!

Congratulations Hopefully ako din by Early next year…

@nicholasdeguzman4241

Жыл бұрын

Thanks and Goodluck

I love it in Davao City

@nicholasdeguzman4241

Жыл бұрын

Congrats bro be safe😇

What is your monthly budget? Essentials?

@nicholasdeguzman4241

Жыл бұрын

Hi thanks for your comment.we spend 2k a month for essentials,food,gas ,utilities, Medications,eating out. And 1k for non essentials. Take care.

@rabidfarmer9765

11 ай бұрын

@@nicholasdeguzman4241 so - 3K USD expense every month in the Phils? Is that correct?

@nicholasdeguzman4241

11 ай бұрын

Yes for US 3k / mo is more than enough.it really depends with your lifestyle.and dont forget emergency like hospital just in case have cash available around 2mil pesos or more.😇

@rabidfarmer9765

11 ай бұрын

@@nicholasdeguzman4241 $3000 US Dollars per month is your expense in the Phils??? That is a good chunk even for the United States...in many states. okay - enjoy.

Hi Nicholas do you have health insurance while in the Philippines?

@nicholasdeguzman4241

Жыл бұрын

Yes.we have HMO and Philhealth.

@Ladybug8899

Жыл бұрын

Is the HMO from the Philippines?

@nicholasdeguzman4241

Жыл бұрын

Yes HMO in the Phil.there are multiple HMO you can choose.

Hi there. Not sure if I should choose to be a dual citizen in the Philippines. I am currently in NYC and plan on retiring in the Philippines. My issue is my passive income from my U.S. brokerages. Does the Philippine government tax your US passive income if you become a dual citizen and residing permanently in the Philippines. I read that the BIR does but the question is would they actually enforce this and track you down eventually. I plan on living using my dividend income from the US but I am hesitant on becoming a dual citizen due to taxation of this type of passive income if and when I permanent retire in the Philippines. Should I worry about this? Let me know your thoughts, experiences, and feedback from other dual citizens living in the Philippines who have significant passive income from US/abroad. Thank you po

@nicholasdeguzman4241

Жыл бұрын

US and Philippines has a tax treaty.No double taxation.I am a dual.I file US taxes every year.And in the Philippines they automatically take out the VAT on your Philippine bank account and Philippine Investment accounts. I did Dual Citizenship so I dont need to get a visa to stay permanently in the Philippines.Goodluck be safe😇

@nicholasdeguzman4241

Жыл бұрын

@@Shermanstank1975 no worries.No BIR dont require you.in fact they dont know how much is your income from the US.IRS dont report to BIR.but the banks here report your dollar account to FINCEN.😇

@Shermanstank1975

Жыл бұрын

@@nicholasdeguzman4241 Hi thanks for the quick reply. But even if there is a tax treaty to avoid double taxation, Are you required by BIR to declare your U.S. investment income ( dividends/interest/.capital gains) since these type of income sources are included in your worldwide income? Sorry for the bother

@Shermanstank1975

Жыл бұрын

@@nicholasdeguzman4241 thank you sir!! 😊 I am 48 yrs old and plan on retiring in the Philippines at age 55 din. Sa medical field din ako - MRI tech. Thank you po!

@nicholasdeguzman4241

Жыл бұрын

Nice,Good plan.what part of PI are you retiring to.Goodluck😇