Do you plan to retire in the Philippines? If that is so, you must put into consideration several factors in order to have a happy, peaceful, and comfortable retirement in the near future. Retirement itself may or may not be that complicated, depending on how a person plans and prepares for it. It entails an adequate preparation and a good decision-making in order to guarantee a successful retirement. Otherwise, you'll end up empty-handed and full of regrets. Everyone is looking forward to a very comfortable life after retirement. When your working days have come to an end, then all you want to do is just to sit back and relax, you will feel relieved with the thought that all things concerning your retirement has been planned well and good.

The first thing to be done is an adequate planning for retirement. You must start thinking about your retirement at the earliest possible time. As they always say, "the earlier, the better". The moment you receive your first salary, you must contemplate on how to do with your retirement in the future. Would your salary be enough so that it would be easy for you when you retire? Well, it would really depend on the kind of lifestyle you have. Again, better start planning while you are still young.

Secondly, you must have an assessment of your income and expenditures. Make a list of all your income minus expenditures. At times, you will need some money for urgent and emergency situations. In that case, you also have to make reservations for such unavoidable contingencies. Moreover, what are the things you want to own or dreaming of? It may be a car, a house, or anything you wish to have. Just bear in mind that necessities come first than purely luxurious things. You must focus on your priorities in life and try to balance things before making a move because life is such a gamble. At times you win, or at times you lose. You may consult a financial adviser who will help you develop a practical and workable plan.

Another thing to consider when planning a Philippine Retirement is the visa that will allow the retiree to stay in the country for the said purpose. There are immigration firms and agencies that can help you assist process the Philippine Retirement Visa to avoid the hassle of going to Philippine government offices which are normally located quite afar from each other.

Retiring in the Philippines can be a very rewarding choice for retirees. You can have a high quality of living for a lower cost compared to the U.S. or some other countries. Besides, the elderly people here in this country are very much respected unlike in the U.S. whereby they are isolated in the homes for the aged. In other words, those who have retired in the Philippines felt the kindness and concern of the Filipinos towards them, and not that they are already useless or helpless even at such age.

Dennis Ramm is the Managing Partner for Siam Legal International, Thailand's largest legal service network with offices in Bangkok, Phuket, Pattaya, Hua Hin, Chiang Mai and Samui. The firm has international locations in London and Los Angeles. Siam Legal is a full-service law firm and provides a wide range of legal and Thailand visa services. Reach Siam Legal at +(66) 2-253-8100, or info@siam-legal.com.