READ: Philippines makes it to Forbes' list of 25 Best Places to Retire
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Based on the Forbes report written by journalist William P. Barrett, the country's low cost of living and the ability of the people to use the English language very well is one of it's best assets.
“Where should I retire?” that's the question most adults ask themselves by the time they hit the big 6-0.
And who could blame them? With the hustle and bustle of the city, everyone seeks for a place where they can simply rest and relax.
And according to American business magazine Forbes, the Philippines is one of the best places to retire in 2020.
Based on the report written by journalist William P. Barrett, the country's low cost of living and the ability of the people to use the English language very well is one of it's best assets.
“A tropical country spread over 7,400 islands, the Philippines offers a low cost of living and English as an official language. Healthcare is adequate and affordable. Permission to stay for retirees in the form of special retiree's visa is relatively easy to come by. Foreign source income is untaxed, and a tax treaty between the US and the Philippines prevents double taxation.”
And where in the Philippines perhaps? As recommended by Forbes, Tagaytay and Subic Bay are the best bet for retirement as the location provides adequate retiree centers.
Aside from the Philippines, the countries included in the list are Aruba, Australia, Belize, Canada, Colombia, Costa Rica, Croatia, Cyprus, Dominican Republic, France, Indonesia, Ireland, Italy, Malaysia, Malta, Mexico, Panama, Portugal, Scotland, Slovenia, Spain, Thailand, Uruguay, and Virgin Island (US).
