How old are you? And how much is your savings na?

[Michael Collins]

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Yes, dili jud siya transferable ang insurance policy but ang beneficiary kay two types to, fix or transferable/ma change. dili ang policy owner ako gi mean, hehe.... basta naa sa isa ana nila ang katong di ma taxan.
as far as I could remember, mao man jud to gingon sa training before. ihatag sa life insurance company sa beneficiary ang insured amount and hands off na sila if mobayad ang beneficiary og estate tax or not.


unless ny changes sa law or sayop lang jud akong pag-sabot? sako mahinumduman di man siya sa special cases nga scenario like namatay silang tanan= policy owner and beneficiaries kay naaksidente ba ron. anyway, kapoy ukay sa notes, hehe.

Life Insurance: Yes, naa juy beneficiary/ies. primary, secondary,...
with regards to the proceeds, pwede makuha sa policy owner ang fund value as long as sustainable enough pato siya to pay-off the annual premium. mao ni ang kanang naay investment nga side. while ang proceeds nga insured amount in case of policy owner's death, moadto sa beneficiary.

OnT:
Savings: 6 digits

hinay2x tag bangon ani, hehe... murag dugay pa mo 7 balik.

grabeha na ani Blos ui...... @cebu.opportunities hehehehhehe

[SuperStar]

start og ginagmay pag 18 tipid2 to the max para maka retire at 30

cebu based ka nga programmer boss?

[cebu.opportunities]

@SuperStar, wa intawn ka 1/4 akong savings sa imong stocks :P
@Michael Collins
asa gani ta nag-ila boss? or si quantuminplus ka? hehe

OnT: kobra2x for advance contract renewal, hihi. may nlng ny pang buffer kay naig-an og risk, tsk tsk. pero diri jud pud ta mo strive ma overcome ang risks. naa lang juy instances bisan unsaon pag careful, madamay gihapon.

[jaoey]

Software Engineer
Age : 23
Savings : 600k
Assets : MFs

600k is more than enough na sa akoa to retire. i only need 5k monthly to live simple life. suroy laruy laruy. tambay and do what i want in life. average earning sa PSE index is arround 25% can even exceed if you know what stocks are performing good. 600K X 25% = 150K anual. 150K / 12mos = 12.5K

12.5K is all yours per month. you only spend food, shelter, some bills maybe. para rani sa mga single nuon. if you plan mag buhi ug asawa and anak. you should consider another 500K investment for each person.

and about the Risk. im sure you will learn to manage it when you are actually investing. grabe naman pod mag tanga raka 24 hrs a day diba? lol

hahay bisan 600K wa pa jud tawn ko kaabot

[dhemps]

Pasensiya sa OT napud

Update sa Estate Tax sa Life Insurance. duha jud siya kabuok, taxable and non-taxable.

Ang term nga akong pasabot ganiha kay Revocable and Irrevocable

References:
Phils.:
Presidential Decree No. 1158_a : PHILIPPINE LAWS, STATUTES and CODES : CHAN ROBLES VIRTUAL LAW LIBRARY
Guidelines on Estate and Donor Tax - page 1
US:
How are life insurance proceeds taxed?
https://www.360financialliteracy.org...income-taxable

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@zippi,

uu, mao na siya, hehehe. thanks!

sakto ni siya, IR lang para nindot... pwede bitaw mag dungag pud ug beneficiary

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600k is more than enough na sa akoa to retire. i only need 5k monthly to live simple life. suroy laruy laruy. tambay and do what i want in life. average earning sa PSE index is arround 25% can even exceed if you know what stocks are performing good. 600K X 25% = 150K anual. 150K / 12mos = 12.5K

12.5K is all yours per month. you only spend food, shelter, some bills maybe. para rani sa mga single nuon. if you plan mag buhi ug asawa and anak. you should consider another 500K investment for each person.

and about the Risk. im sure you will learn to manage it when you are actually investing. grabe naman pod mag tanga raka 24 hrs a day diba? lol

hahay bisan 600K wa pa jud tawn ko kaabot

I like you bro! dali ra ma kontento. How I wish daghan tao prehas nimo. Simple! ako simple man pud unta, pero naa lang jud ko daghan expenses na dili malikayan mao na nga needed jud ko to earn more. bisan unsaon nakong tipid tipid dili jud mada, kay tuition fees, and food allowance pa lang daan paksit na akong 15K kada bulan.

[cebu.opportunities]

@dhemps, pero common gipangkuha kay revocable man gud so taxable jud kay labad sad ang irrevocable if mag away, maglisod kag ilis kay need man pud ang signature sa beneficiary, haha... daghan sad cases ani. away, ilisdan. or naa sad uban nga revocable lang sa kay temporary paman like kana mga single, ila beneficiary/ies kay parents or siblings pero if naa na siya iya own family, ipa-change na to spouse or anak.

mao lang na siya. ny advantages and disadvantages.

[rhodem24]

Quick question sa kadtong naay MF, VUL... Dagko kaau ug deductions inyong first-third year ani?

[LiveAndLaugh]

Kanindot nga thread

Age:28
Savings: 5ook
Assets: 1 100sqm lot .. walay house just lot :P

Kuyaw mahanaw ang savings kay nagplan pabarog ug payag.

[gomugomu]

nice thread! im 27 pero gamay pa kaayo ako savings not worth mentioning diri. hehe. anyway, asa nindot MF or stock? how to start?

[BaDz Abadia]

Quick question sa kadtong naay MF, VUL... Dagko kaau ug deductions inyong first-third year ani?

sa akong MF bro kay around 2.75% everytime mo add ko.. ambot lang sa VUL kay wala ko anah