How to Retire in the Philippines as a Foreigner: A Comprehensive Guide The Philippines could be your best bet if you want to spend your golden years enjoying year-round warmth against a backdrop of beaches and rain forests. The Philippines has much cheaper living expenses than the United States, and the government makes extra efforts to make the country welcoming to foreigners. However, there are several pitfalls tied with this move that you should stay clear of. It may be advantageous to speak with a financial advisor before deciding to retire and settle in the Philippines.