TOP 5 Ways to Enhance Retirement Income in the Philippines
June 02, 2023 | Mike Togle
Planning for a financially secure retirement is a top priority for many individuals. As you prepare for your retirement in the Philippines, it’s essential to explore various strategies to enhance your income and ensure a comfortable lifestyle. In this blog post, we will discuss the top five ways to boost your retirement income specifically in the context of the Philippines.

1. Retirement Income through Real Estate

Real estate investment in the Philippines can provide a steady retirement income stream and potential capital appreciation. Consider purchasing rental properties or investing in real estate investment trusts (REITs). Renting out residential or commercial spaces can generate monthly rental income, while REITs allow you to invest in a diversified portfolio of real estate assets. Research the local market, which is being projected to be a positive-growth sector  in 2023, seek professional advice, and choose properties in desirable locations to maximize your returns.

2. Start a Small Business

The entrepreneurial spirit is strong in the Philippines, and starting a small business can be a viable way to enhance your retirement income. It is important to start this business early on and not during your retirement years to avoid any losses from your retirement fund.

Identify a niche market or capitalize on your skills and expertise to offer products or services that are in demand. With the rise of e-commerce platforms and social media, you can reach a wider audience and operate your business with minimal overhead costs. Conduct thorough market research, develop a solid business plan, and consider seeking guidance from business consultants or similar associations.

Couple enjoying farming as retirement income source

View Image: Picture of a couple enjoying farming as a small business to supplement their retirement income. This is a common picture for retirees in the Philippines who choose to grow a simple farm and use their produce for sales or personal consumption.

3. Explore Passive Income Opportunities

Passive income streams can supplement your retirement earnings without requiring significant ongoing effort. Consider investing in dividend-paying stocks, bonds, UITFs, mutual funds, or VULs with Payouts. Dividend stocks provide regular cash distributions, bonds offer fixed interest payments, mutual funds allow you to diversify your investments, and VULs with Payouts allow you to get income from your investment while still having measurable life insurance. Consult with a financial advisor to determine the most suitable investment options based on your risk tolerance and retirement goals.

4. Consultancy for added Retirement Income

In today’s digital age, freelancing and consultancy work have become popular ways to generate additional income. Leverage your skills, experience, and knowledge to offer services such as writing, graphic design, consulting, or online tutoring. Platforms like Upwork, Freelancer, and LinkedIn ProFinder provide opportunities to connect with clients globally. Set your rates competitively, create a compelling online profile, and consistently deliver high-quality work to attract clients and build a strong reputation.

But, some would say, “I’m retired, why work?”

Many of the retirees that I talk to would say that being idle actually makes them feel older, so having a consulting gig from time to time will do wonders for you.

5. Build a Diverse Investment Portfolio Early

Building a diverse investment portfolio is a crucial strategy to enhance your retirement income in the Philippines. Instead of relying solely on social security benefits, you can invest your savings in various investment vehicles to generate additional income. Here are a few investment options to consider:

  1. Stock Market: Investing in the Philippine Stock Exchange through channels like COLFinancial and Philstocks allows you to become a shareholder in publicly listed companies. Over time, well-performing stocks can provide capital appreciation and dividend income. Research companies, seek guidance from stockbrokers, and carefully analyze market trends to make informed investment decisions.
  2. Mutual Funds: Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities. They are managed by professional fund managers who make investment decisions on behalf of the investors. Mutual funds offer the opportunity to invest in stocks, bonds, or a combination of both, depending on your risk appetite and investment goals.
  3. Bonds: Philippine government bonds, such as Treasury Bills and Retail Treasury Bonds, provide a fixed interest income over a specified period. These bonds are considered low-risk investments and can be a reliable source of income during retirement.
  4. Unit Investment Trust Funds (UITFs): UITFs are pooled funds managed by banks or trust corporations. They offer a range of investment options with different risk levels. UITFs allow you to invest in a diversified portfolio of stocks, bonds, and other financial instruments based on your risk tolerance and investment objectives. I also offer UITFs as a Certified Investment Advisor, and I can help you diversify in this.
  5. Real Estate Investment Trusts (REITs): REITs are investment vehicles that allow individuals to invest in a portfolio of income-generating real estate properties. By investing in REITs, you can earn regular dividends from rental income without the hassle of property management. Personally, I have invested in AREIT and MREIT to diversify my investments in this sector.

Remember to conduct thorough research, assess your risk tolerance, and consult with a financial advisor to develop a well-diversified investment portfolio tailored to your retirement goals and financial situation.


“Having a clear retirement income plan is as important as growing a retirement fund.”

Mike Togle, Retirement Coach


Enhancing your retirement income in the Philippines requires a proactive approach to investment and building skills that will require less physical effort.

By building a diverse investment portfolio that includes stocks, mutual funds, VULs, bonds, UITFs, and REITs, you can generate additional income and increase your financial security during retirement. It’s essential to stay informed, seek professional advice, and regularly review and adjust your investment strategy based on market conditions and your changing financial needs.

With careful planning and prudent investment decisions, you can enjoy a more financially rewarding retirement in the Philippines.

My advocacy is to help more Filipinos retire comfortably, and coaching more people discover retirement income options that are fit for them is one of the key drivers of my efforts.


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