PH Government Benefits

What is PERA and why you need one right now

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What is PERA and why you need one right now

Personally, I don’t want to grow old poor. I’m sure you don’t want to be poor when you grow old either. And I bet that nobody in the world ever wants to be old and poor. So in order to help Pinoys prepare to be not poor when they’re old, I will discuss PERA in depth, and why you need one right now.   Retirement planning is a crucial yet regretfully neglected part of financial planning in the Philippines. People usually put off saving for retirement in the last 5 to 10 years of their working lives. Unfortunately, the money they save is not enough, what with all the medical bills, lifestyle adjustments, and inflation eating up the funds only a few short years later. This is, if they’re lucky. Most of the time, people are not able to save up anything for retirement. They have to rely on small […]

Expat

6 Ways to Maximize Government Benefits as a Pinoy Expat

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6 Ways to Maximize Government Benefits as a Pinoy Expat

Many Pinoy expats, including myself, often fail to maximize government benefits when we start working abroad. We often discount programs in the Philippines thinking that:   Since we’re no longer in the Philippines, the benefits will not help us in our new country The benefits are too small compared to our new increased income The benefits are not worth the bother   Nothing can be further from the truth.   The way I see it, many Philippine government benefits designed for OFWs, when taken all together and with proper planning, can help us achieve our financial goals faster.  Yes, not one of these programs will make us rich or guarantee that we’ll be set for life when we come back home.   But when we take them all together, these can help secure your financial future.   Each of the programs I will feature in this article are mutually-reinforcing, meaning […]