Hello,
Im a 54 year old single male living in the USA. I'm considering on obtaining a SSRV retiree visa. I have about $500,000 in USD in various stock retirement accounts for which I can access about half of that now ($250,000) and when I turn 59 1/2 I can access the other half without penalty. I also have two private sector pensions I can start withdrawing from when I turn 55 1/2 that total approximately $1000 US dollars a month that will increase about $100 a month in value for each year I delay withdrawing from them. I do not plan on withdrawing from the pensions until I have spent down my assets to maximize the monthly payment amount. They are available if for some reason I spend through my savings and have to tap into them early. The max I can obtain from the two private pensions is $2000 a month when I turn 65. I also expect to receive approximately 2000 a month in social security when I turn 65.
Do I have enough money saved to retire to the Phillipines? How much money do I need a month to live comfortably. Do you see anything in my current financial situation that should keep me from retiring to the phillipines now?
I also have a question about the criminal background check. I have an arrest from 15 years ago for a domestic assault. I went to court and they said if I stayed out of trouble the I would not be convicted. I was not put on probation or fined or convicted of anything as far as I know. If I was arrested but not convicted will that prevent me from obtaining a ssrv visa? I have not actually looked at me criminal record report but I'm pretty sure the arrest will show on my report. Thanks for any feedback.