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This is a huge compliment. Now, if only it could be a haven for local retirees, too.

Forbes magazine has listed the Philippines as one of the “20 Best Foreign Retirement Havens for 2015.” The list is non-ranked and the places named were chosen by considering factors such taxes and the cost of living.

Other countries on the list include Australia, Belize, Canada, Chile, Colombia, Costa Rica, Croatia, Ecuador, France, Ireland, Italy, Malaysia, Mexico, Nicaragua, Panama, Portugal, Spain, Thailand, and Uruguay.

Forbes contributor William P. Barrett wrote this about the Philippines: “For U.S. retirees the principal appeal of the Philippines is a low cost of living in a tropical environment full of English speakers and outdoor beauty. Foreign income is untaxed, and permanent residency can be had on a minimal showing of retirement income.”

He added: “Popular locations include Tagaytay, a suburb of Manila, the capital, that is elevated and therefore cooler, and Subic Bay, with an infrastructure from the old U.S. Navy base. Non-stop flights between Manila and the U.S. average 15 hours.”It also mentioned the ease of return to the US with non-stop flights between Manila and the US averaging 15 hours.

Photo: Carrie Kellenberger (WikiCommons)