Best Country to Retire

Im planning to retire in the Phillipines and was wondering whether 300,000 is enough to last me the rest of my life. Its will be in a savings account, so there will be some sort of income. Im 23, but planning my retirement when Im 45,50ist. Also do i need a US adress if my bank is the bank of america?

$$'s are not worth what they used to be .. however if you can choose a low cost country $300,000 at todays value should be enough.

In 25 years inflation will have eroded the value of the $$ even further and countries like Philippines will have improved their standard of living (indeed they may even have started to impose entry restrictions to limit immigration in that time) ..

So all you can do now is save like mad and check your options every 5 years or so ..

You can be 100% sure that any bank restrictions will change in 25 years .. (BoA might even have gone bust )

I have a friend who is close to retire(he's 67) he owns a property in Costa Rica and another in Cuba, yes in Cuba. Well he was told that if he move to another country he will loss his social security benefits as well as the medicare. How true is that? There is any way to maintain those benefits at the same time he has fun out there???

Benefits to Cuba are out, but Costa Rica is ok…

U.S. Treasury Regulations
U.S. Treasury Department regulations prohibit sending payments to you if you are in Cuba or North Korea. If you are a U.S. citizen and are in Cuba or North Korea, you can receive all of your payments that were withheld once you leave that country and go to another country where we can send payments. Generally, if you are not a U.S. citizen, you cannot receive any payments for months in which you live in one of these countries, even though you leave that country and satisfy all other requirements.

Social Security restrictions
Social Security restrictions prohibit sending payments to individuals in Cambodia, Vietnam or areas that were in the former Soviet Union (other than Armenia, Estonia, Latvia, Lithuania and Russia). Generally, you cannot receive payments while you are in one of these countries, and we cannot send your payments to anyone for you. However, exceptions can be made for certain eligible beneficiaries in countries other than Cuba or North Korea.

To qualify for an exception, you must agree to the conditions of payment. One of the conditions is that you must appear in person at the U.S. Embassy each month to receive your benefits. Contact your nearest U. S. Social Security office or U.S. Embassy or consulate for additional information about these conditions and whether you might qualify for an exception.

If you do not qualify for payment under this procedure and you move from one of these countries to another country where we can send payments, you can receive all the benefits for which you were eligible except when you were in one of the countries listed in the section Social Security restrictions .

Consider: health care, cost of living, English speaking, crime rate, warm weather, freedom.

I personally like San Felipe, Baja Norte, Mexico. The weather is perfect for me — lots of sunshine, a very little rain and hardly ever cold. Whether you like the sea, the beach, the desert or the mountains it's all there. And you can own property there, not just lease it. We are currently building a house there — we love it! The cost of living is lower than the U.S. There are so many Americans living there that the quality of services just gets better and better and that includes health care. The place we are building has it's own private security so crime is not a problem. Many people speak or at least understand English. It's very easy to communicate in the stores, etc. It seems we have even more freedom than in the U.S. because of fewer local ordinances and just plain annoying neighborhood and town stuff you have to deal with in the U.S. Try this website for more info: http://www.sanfelipe.com.mx/ The motto of San Felipe is "No Bad Days" — I have spent a great deal of time there and I haven't had a bad day yet!

on S.S. fixed income retirement funds, based on U.S.dollar,health,climate
Philippines requires 50.000 usd in their country account, Thailand requires only documentation you have a monthly income meeting their requirments

Since this is in Asia Pacific, I am going to say Thailand or the Philippines. Both are cheap to live and have lots to do. Beautiful beaches, nice people and good food….