Balikbayan PH retirement dream

In my youth, many of my peers and relatives had the SCAN American dream of migrating to the land of milk and honey. Several of them took the chance and found material prosperity practicing their chosen profession, as nurse, accountants, teachers, engineers, and so on. They were able to afford a lifestyle that would not have been possible had they stay put in the country.

- BENEL P. LAGUA

Thirty or so years later, many of them are retiring.

Retirement represents a major life transition and the idea of returning to the Philippines holds great appeal.

The country's warm climate, lower cost of living, and deep cultural connections make it an attractive retirement destination. With their hefty (by Philippine standards) savings, retirement fund and pension, many are considering the reverse, a Philippine retirement dream.

One of the biggest advantages of retiring in the Philippines is its lower cost of living compared to the United States (US). Even in an upscale area like Bonifacio Global City (BGC), daily expenses such as dining, transportation, and medical care can be significantly cheaper than in major American cities. Outside of Metro Manila, the cost drops even further, allowing retirees to stretch their retirement savings and pensions.

For Filipino retirees who have spent decades abroad, returning to the Philippines offers the comfort of familiar traditions, food, and language. While English is widely spoken, being in a place where Filipino culture is deeply ingrained can provide a sense of belonging that may be missing in foreign countries.

The warm and sunny climate of the Philippines is another draw for retirees, especially those who dislike cold winters. The weather allows for outdoor activities year-round, promoting an active and healthy lifestyle.