[tanjames_ph]

Hi all!

I'd like to direct this query to Americans who've retired in the Philippines.

I'm a Filipino and I've been trying to convince a few friends in America to retire in the Philippines. One of them said that his pension cheque is only good in American banks, furthermore, he says that if he leaves US soil, his cheques will not be sent anymore! Is there any truth to this?

Follow up question: If an american pension cheque is worth US$1500, how much do you get once it gets cashed here in the Phils.? Do you lose some in taxes, intercontinental and/or conversion charges?

Thanks in advance!

James