The only thing that *might* be taxable would be income from your investments in Thailand if you ever moved a large sum of money during a time when the exchange rate is more favorable. I would rent for a while before buying. Though it has depreciated in the past two months, it is still significantly stronger compared to three or four years ago. Another example is that some Thai women see themselves as very old even if theyre only in their 30s or 40s, but in reality, they still look very youthful. I lived there for half a year and its wonderful to live in the tropics. For a comparison, a one-bedroom apartment in the city center of New York costs under $3,100 per month in rent, which is almost five times more than Bangkok. Ended up landing a gig in Japan starting this month so will have a good chance to visit varied countries during the balance of this year and next including Thailand. Only downside for me is that I find the heat/humidity a bit testing. You can do it here but please don't feel obliged :). It seems like they keep changing it.) In general, living in Thailand is significantly cost-effective; of course, if you are not a single man and you are in a relationship, you will be able to save some cash each month from sharing accommodation, but this is often a minimal amount. Even for the linguistically talented, Thai is difficult to learn. The Thai baht rose to a six-year high against the dollar last year to become one of the world's most stable currencies. I think the Thai government prefers short-term visitors. There are many affordable public transportation options in Thailand. You can live dirt-cheap or super expensive in Thailand. If my son decides to work at the university that granted him full scholarship for his master degree, I will more likely split my retirement between the States and Thailand. Good luck with the resort. If you are an American citizen you are allowed to own 1 rai of land. For Thai families, the household motorbike is an indispensable necessity, and many foreign retirees and expats come to feel the same way. In Manila, it would cost me around $3000 a month even though I own my own two bedroom flat in Makati City(very expensive area, like Asok or Thonglor in Bangkok), because all the surrounding restaurants are expensive and so are the nice grocery stores. As for food, beef is expensive but seafood is reasonable. Lets take a look at the perspective of a Thai woman. For flexibility and a sense of purpose, consider these jobs for people over 50. But is it a good fit for retirement? It would be tough to leave this close community at this point.. Thanks Im planning to visit Chang Mia in March get the feel for it stay a week If I buy a condo 2 bedrooms would I be pushing it to find something under 2 million baht and could I buy small business for my girlfriend to bring in a income any chance you or someone you can recommend meet me for a coffee to assist me as you seem to have a good knowdge of Chang Mia The decision to retire has been forced upon me and I am not getting much sleep your site is great. And although my girlfriend cooked most nights (Thai food) its just as cheap to eat out in Thailand. This amount covers most areas, but if you are situated in Phuket or Bangkok, a single man would need at least $1200 or more. The process for getting a retirement visa is relatively simple, but it can also become quite long depending on how, exactly, you want to spend your retirement (more on that in the next section). Lastly, you will need to meet certain financial requirements. Once you live in Thailand for six months you will need to pay income taxes. The rent from your condo (assuming it was paid off by then) would supply more than enough money to live on so you could leave all your other cash invested. I only speak english and it is very easy to get by here with english. For couples honestly, there are many beautiful young single women who would love to meet a foreign man. Before considering a move overseas, ask yourself if you will find the reality of life in Asia thrilling and invigorating or intimidating and stressful. The average wage in northern Thailand is around $600, but due to covid19, some data suggests this is closer to $400. The Philippines? Some of those that I've seen would stretch the cooking requirements for Ramen and a beer. Great article. I have no car or motorcycle. Our Top 5 Locations to Retire in Thailand 100% PASSIVE INCOME Hands-off Rental Guarantee Investment Fixed 8% P.A. Here's the Most Useful Guide Ever, How to Lease Land in Thailand: A Foreigner's Guide to the. Current market conditions bring both opportunity and risk. Nothing is free. A health savings account is a beneficial tool for retirement planning. + Find a Job Fact is if I choose to return to Malaysia now, I can live a fairly comfy life. You can claim the tax paid on bank interest in Thailand by going to the tax office and filling in a tax return. The heat/humidity isnt bad at all right now. The only problem is the local people are really struggling. Alas, as it always is the case in any kind of FIRE analysis anywhere: The gigantic elephant in the room is always health care cost. Even if you can file the taxes on your own, everything is in Thai. The country has a rich culture with delicious cuisine and friendly people. I am Thai working in Middle East. I believe the entire text of the Thai wiring code is: "Don't let the smoke out." The content I've used one for 4 years. You probably are entitled to some pension if you were in the army and worked in the UK in other jobs. I like Holly would have to visit places first to see how well we like it. This is not an offer to buy or sell any security or interest. Some may have savings and just a state pension. I'm not judging either way. I have families in Thailand and they can help me figure things out when I move here. Will be seeing how different Thai living areas feel and would be up to buying dinner or a beer if you have a couple of hours available during one of my scouting trips this year. You spend $4000 a month in Thailand and you dont think thats extravagant? It is rather divorced men who do so. Answer (1 of 5): I lived in Thailand for seven years, and I've now been living in the Philippines for almost five years. They are easy to drive, maintain and park. Jim Barnash is a Certified Financial Planner with more than four decades of experience. If the exchange rate goes back to 37:1 our USD expenses will also drop to about $2200 a month. At 73, Frederickson, a self-described "very, very active retired lady," decided to move to Thailand after a visit with her youngest brother and his wife left her "hooked." Today, Frederickson stays busy the way most retired people do: Reading, gardening, painting and cooking. With the 2008 financial crisis still unwinding in a slow-motion disaster, its unclear what the final outcome will be. Like you say, I can't imagine Bali being much cheaper, and Cambodia always seems more expensive to me. Most apartments and many houses come furnished. Thats a law that dates back to the Vietnam war. You can own a condo as long as total foreign ownership is less than 50% of the building. We have almost no mosquitoes year round. Living outside of the city center could cut your rent to roughly $300 per month. And, if you choose to bring money into the country and give it to your wife to buy a house you are required to sign a legal document stating that you have no rights to the house in the event of a divorce. Leo is planning to move back to the US because he has Medicare benefits there. Thailand Expat Forum for Expats Living in Thailand, Getting married for sex is like buying a 747 for the free peanuts - Jeff Foxworthy, Australia Expat Forum for Expats Living in AU, Britain Expat Forum for Expats Living in the UK, Dubai Expat Forum for Expats Living in Dubai, Spain Expat Forum for Expats Living in Spain, France Expat Forum for Expats Living in France. I don't see what is wrong. A recent study carried out by NetCredit estimated that a person needs approximately $390,000 (US) to retire in Thailand. You could top up your contributions now and you're allowed to backpay for 6 years. My taste is very simple too. An important point that you mention is the cost of medical care in Thailand. Ken! Health professionals here are trained all over the world, including Germany, France, Switzerland and the United States. Insurance is affordable, and full coverage on a midsize late model car should run about 20,000 baht per year ($635). My sister is always struggling with money and drugs: I own a house with my husband and mother. You really need to live there 3-5 years to get used to spending down instead of spending up to find out where to get all the great deals. Getting a retirement visa is simple, but thats not the end of the story. If you eat local, and live like a local and not an expat, it will be much cheaper. Imported liquor is about 50% more than what I would pay in the US IF I COULD STILL DRINK (interferes with my meds), I am generally there during the wet season, so room prices are lower. Food carts are a way of life in Thailand. What you stated is what all of the lawyers will tell you because they make good money setting up these companies to get around the law and which are illegal. I would like to live there for 4-5 years and explore that part of the world. I know all the bar and restaurant owners. Please let me know why i m thinking is correct? Most retirees have modest savings and a half decent pension. Well, my dad eat mostly seafood. Local Thai markets are usually open-air establishments either in a static location or recurring at a set place and time weekly. Test your dream retirement spot for a few months before committing to it. If you're looking to stretch your retirement budget as far as you can and are up for an exotic adventure, consider retirement in Thailand. Ive saved it for later! Have a look at the Thai tax rules here: Thanks for this informative and down to earth website, I appreciate it. I even have thoughts of just doing that (going back to Thailand) until the well runs dry and then saying bye-bye to this Earth. I wonder why Thai products are cheaper in the UK. Senior insurance needs are different. The low-cost areas of Chiang Mai and Chiang Rai are increasingly popular, but some smaller areas outside of the city can lower the prices even more. It really depends on the area. I own property in ireland which i rent out and pay tax on profits. This completely furnished home comes with a communal pool and a fully outfitted Western-style kitchen. You didn't shock me at all. Ill have to try living in BKK first though. Nonetheless, finding the right one is often the challenging part. They dont keep track of every dollar so this is just an estimate, but they generally spend about $1,300/month and live quite comfortably. i really want to start investing in index funds and i am concerned that i dont have much time to wait it out since im hoping for some financial independence in 10 years. Retire Earlier on Less. I plan to live comfortably on USD 2,000 per month, and set aside some money every month for medical expenses rather than pay an insurance premium. I would like to take a year or two in retirement and stay in Ecuador or Chile, then another year or two in Spain or Italy. Its not as great as most people think. Interview: Marc Benioff reminds Wall Street that this isnt my first recession, saying Salesforces activists made a lot of money today, Teslas stock falls 5% as Elon Musks Master Plan 3 is short on details about both cars and finances, Saturday Night Live star Chloe Fineman says Lorne Michaels gave her the best financial advice, What's next for bonds in 2023 after the worst year in history. I love Italy. The place I live in the US loses power significantly more frequently for a significantly longer period of time than any I've experienced in Thailand. This country has a low cost of living as well as some of the world's most beautiful beaches. $1200 on food cost for a couple; not counting drinks/beverages) is quite high. One unique kind of street food is fruit. But even as he headed to Phuket, he kept his options open. Either way, the amount required is still the same. How far away to the beach driving? Retiring in Thailand The mantra used to be that you could move to Thailand and live off your pension (which would translate to lots and lots of baht), strolling along Phuket beaches, shopping in Bangkok or living a quiet life in Chiang Mai. We been USA over 30 year and it is boring so we keep going Thailand . She has one more year syndrome and Im a bit tired of waiting. We just want to explore Asia and let my wife spend a fair amount of time with her family, as I spent with mine earlier. I am a non-alcoholic person; so cant really comment on beverages but that (along with entertainment) seem to be a bit high too! Ride a bus, a train, and even a ferry. This may work for you if you plan to travel a lot or return home frequently. And for a single person, $2,000 a month would go far. (I think thats the current rule. Cookie Policy Thais are astonished by the idea that anyone could live alone and be happy. Thats not true for most foreigners. Okay, thats my updated numbers for one person. If I travel so far only to find modern life there as hectic, expensive and anxiety ridden as where I reside, that would be a bummer. Visit a quote page and your recently viewed tickers will be displayed here. It is scary to be at the mercy of these companies who promised something but then make changes on a whim to save dollars. They can always come visit us if they miss us. I use it and so do many of my readers. Put your thumb in the pie, your finger in your eye, and spend a night looking at the sky. He rents a two-bedroom, two-bathroom house for $580 a month; a one-bedroom house or apartment can easily be found for $400 a month, he says. When I look at our US budget dollars, I notice a big hunk of expense go to pay for car, car insurance, house insurance (house is paid for), health insurance, property tax for house and income tax. As it happens, this isnt much more than the average Social Security benefit. Thaiger Video Sunday, March 6, 2022. For small stuff, Id probably go to a private clinic and pay. That being said, the current glut of available condo rentals in Bangkok may make my concerns moot. These are some of the things the wifey and I are considering now. When I look at our US budget dollars, I notice a big hunk of expense go to pay for car, car insurance, house insurance (house is paid for), health insurance, property tax for house and income tax. Copyright 2022 Filipino Wealth FilipinoWealth.com. In recent years, the Thai government made it more difficult to stay in Thailand for a long period. There are downsides to Thailand, perhaps the biggest being health and safety. Main thing attract me is very good maid and I and my husband getting old do not want to keep working in the house. You can apply for a 60- or 90-day visa from your home country through the Thai Embassy or Consulate or apply for a retirement visa. Anyway, Chiang Mai is a great place to visit. You might have heard about FIRE (Financial Independancy / Retire Early). Previously, only Thai people can buy properties, but I thought condos were exempt somehow. + Learn Basic Thai The Fora platform includes forum software by XenForo. There are many types of insects, including mosquitoes, many types of ants and cockroaches (that can fly). Would Cambodia work? My Thai friends tell me you are absolutely correct about the cost of living. If you use a real estate agent to find a place, the standard commission is one month's rent for a 12-month contract and is paid by the landlord. It's a tonal language with a lot of dialects that make it even harder to understand than it is to speak. Im not sure, but I dont think its that high. We rent one for $500 a month. And if you don't spend that much, it's more to leave your kids :). How do you do that you ask? Wow, $500 for all 3 people? 2016 update: I went to Chiangmai to check out a retirement resort and get an update on the cost of retiring there. Thailand does seem very affordable and buying places and renting them out to others would be a nice income stream. How are you getting access to the free public healthcare? + Best Visa Run Option, Contact |Privacy Policy|Site Terms & Disclaimer|Media Pack. Im here to give you all the information you need to make your Thai adventure safe, happy, & successful. I have heard many men are going to The Phillipines to meet younger women and it seems easier there than in Thailand. If you want to move to Thailand The government requires that you have income of 65,000 baht deposited in a Thai bank every month; that's less than $2,200 at early 2021 exchange rates).. These types of houses stay cool based on a design that allows cross breezes along the ceiling. Thais generally know a little English. Hi! Luckily, he managed to get all his items back, but he could have saved himself from a lot of misfortune by paying attention to the early warning signs. Thailand also has agreements with a number of other countries to ensure that you dont pay taxes twice on your income. the cost of living in thailand in 2020 how much do you need. 10 reasons why black men should travel to thailand expat. Therefore, people will no doubt comment that you can live on half the amount I've cited above. If he had to rent, itll probably be closer to $2,000. First, you have to obtain a non-immigrant visa by providing the Thai consulate with your passport and proof that you have enough funds. 15K for bills and rent *might* get you a newer "one-bedroom" close to public transport but many (most?) Hopefully South America will be more accommodating in the future. Once in Thailand, open a Thai bank account and deposit 800,000 Baht. I guess they have pensions and dont mind spending it to have a more luxurious retirement. My wife is Thai and we have been planning for our future in Thailand even since we got married 9 years ago. Driving to Southern Thailand would take a couple of days. I'd be happy to do that--but how? By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. But this is surprisingly accurate. I would love to have 70,000 Baht ($2,333) for retirement in Thailand. And keep in mind that because Thailand is in a tropical area, the wildlife is very diverse. Clint Eastwood, Charles Bronson and Anthony QUINN were - wait for it . CHARISMATIC FAMOUS WEALTHY MOVIE STARS. We would recommend that a bare minimum for living costs in Thailand should be closer to $1,200 to $1,500 per month. I havent gone to a bar in ages. I wont be wealthy, but I wont be worrying about where the next dollar will come even if I dont work another day in my life. If you wish to retire in Thailand, you will need to need to get a retirement visa, also known as a Non-Immigrant Long Stay Visa. George Town, Malaysia. Retiring in Thailand is a great option for many foreigners. Its like being in a sauna all day. I can absolutely see why it attracts digital nomads and retirees. To qualify, you must be 50 years. The prices look great. You could potentially live a lot cheaper, as low as $1,000 a month, but you would probably have a difficult time. I just know a little because my parents live there. The study covered most countries of the world, with the goal of estimating the cost of retirement based on the equivalent quality of life you'd enjoy back home. Malaysia? Look for ways to trim costs and keep items in solid condition to stretch retirement dollars. I think South America and SE Asia will still be great places to retire to. I like reading about geo-arbitrage even if it isnt a place that Im likely to move to though the $10 massage is convincing. There are expats who dine in silly-priced restaurants, buy a German car at twice the price you'd get one for in Europe, rent a condo on Wireless Road for 80k+ a month, and fly first class. Visit more than once. Professional athletes come to Piyavate Hospital for orthopedic surgery critical to their careers. Read more here: Really interested to hear of your experience and whether you have decided to settle in Thailand. Kamala Beach has a small but closely knit expat community, he says. Retired military at 31? Although you do have to take precautions as you would anywhere in the world. 1. My dad rents several condos to Japanese retirees. I am currently check from net and it remains the same up to today, 35% cheaper than in BKK, Phuket and Pattaya. You should plan to live in Thailand on a budget of at least $1,500 per month, with $2,000 being a more reasonable benchmark. $3,000 per month seems to be top spending there for complete luxury. The climate is tropical. Our children and us really enjoy the universe for our bedroom. Best Parent Student Loans: Parent PLUS and Private. My wife an I are on the other side of 40.I retired last year but got pulled back into a job which might take a year or so to manage a computer transformation at a local plant. Among Bowens family, only his daughter has visited. FIRE is much easier if youre relatively healthy. I LIVE IN Thailand and I must say I am quite impressed with your cost of living figures, have lived in Thailand since 2003 now. He later returned these items to the store, apologized, and gave them a tip, but his partners thieving continued over this 10-month relationship.. . Health insurance is still a big question here. You need to pay taxes even if you dont have a work visa. For example, you will need to provide proof of address, copies of a bank statement and pictures of every page of your passport. Well see how it goes. The cost of living is also quite a bit cheaper than Bangkok. The lifestyle also makes a big difference. My dad said Thai products are cheaper in Thailand, but they export the best quality products. Bowen says his monthly budget of $2,500 is covered by his Social Security check of $1,800 plus investment income. Good private schools are expensive here, and that's where the balance is likely to tip in favor of living back home. I first wrote this post in 2013 when I came to see my parent. Youre right. My dads cost doesnt include rent because he own his condo. I do some research. Also, I dont have to deal with any visa problems. Thailand is a famous destination for retiree's, digital nomads and single man travelers. I think I prefer Chiangmai. Consider your health care plans, income sources and tax bracket before making the transition. Im very curious to find out because we are planning to live in Chiang Mai for a few years after Mrs. RB40 retires. What are the rules, if any, about foreigner ownership of property in Thailand? Less than a minute. We may actually do more than one country if everything works out OK. Sure, you can come by anytime when we move over. When Medicare kicks in, we can move back to the US part-time. Im sure we would have a tough time at first too. This will allow you to live comfortably without breaking the bank. So how do these costs translate to your monthly budget? I have two kids. Thats cheap. Here are some reasons why I want to live in Chiang Mai for a few years. I like South America too. What is wrong with that? To see how far your benefit could take you, try this. Great information. For many, living expenses may be as low as 40-50k per month. All the lessons cost some money. If only we could go back in time! Sorry, Im not that helpful. Patients are flown from all over Asia for life-saving and one-of-a-kind procedures that can only be performed in Bangkok. I hope South America will still be affordable in 15 years. Well see. Hed been to Thailand before and knew he wanted to live by the beach, not in a big city like Bangkok. And then there's expats eating for 100 Baht a day and staying in a 4k a month condo. Its landlocked though right? When you retire in Chiang Mai you can expect to find large numbers of expats and retirees based in the centre of the city. Other thing I am finding kids here very selfish and they will not look after me or my husband and when we get very old they will toss us in senior home. You'd pay tax on all of that on your US tax return, not in Thailand. I might have to drop by and say hi when were over there. I am about to take 6 months of work And get A 3 month visa stay in thialand I want to give chang Mia Ago around June and rent for 3 weeks Can you recommend a good location that is quite close to shops and all amenities this will be with a view to retire with my thia girlfriend in 2017 Any help would be appreciated. You might not like it once youre there for a few months. When you factor in utilities, that cost reaches more than $640. Well probably try to avoid the import stuff as much as we could when we go to Thailand. Comparative assessments and other editorial opinions are those of U.S. News The so called Free trade agreement where products like Cheese and wine from Australia for example still end up with a 300% local tax stamped onto their price, when there should be none hence free trade. It really depends on you. Chiang Mai is a lot quieter than in previous years. There was basic Thai health insurance available for maybe 5000 7000B/ month in May 2016 but their brochures are cryptic to understand (and that is being KIND). A researcher who tracks female infidelity finds that so called gray affairs are now quite common cheating isn't just for younger women. Estimates for the cost of living in Thailand generally say it's between 35% and 75% cheaper than living in the U.S. So basically, taxes and insurance. You can also pay 8k for a very modern studio apartment, or 35k for a 2 bed. He has opted out of Medicare and no longer pays premiums. He was dating a beautiful Thai woman who was in her early 40s, but he found that she would often take small items from the stores without paying for them and later boast about the theft. The financial requirements are: Bank account with THB 800,000 or. A one-bedroom apartment in the center of the Thai capital Bangkok will run you about $562 per month for rent. Can you share your cost of living? Taxes? He owns a car a 10-year-old Mazda 2 with only 15,000 miles but says he uses a motor scooter around town. website. Motorbikes and scooters rule the roads in Thailand. Take your reading anywhere with offline reading functions, Never miss a story with breaking news alerts. Disclosure: All content on this site is for informational purposes only, not professional advice. My girlfriends family has five sea front houses. Once here, living at the beach, I got to know people fairly quickly, said Bowen, who wrote a book about retiring in Thailand early in his Phuket life and now posts videos. Also consider that some expats live in the family home of their partner, or a home they have built, and therefore don't have to pay rent. Right okay. I don't plan to travel outside Thailand once I go back (unless I win the Thai Lottery!). Education is pretty limited. And almost 100% will never take the effort to learn the language of their adopted home!!! I need to be close to water, so perhaps there are lakeside houses? I looked into it a bit more and its best for foreigners to get an international health insurance policy. It is a bit hot here, but Id take 90 degrees heat over snow any day. And it was fun. 8% P.A. nice write up i might do it by 40 but i am 51 now and looking into it when i turn 57 and i probably live south near phuket and enjoy the beach but my first 2 years i plan to buy a street glide if harley still makes them i know the cost twice as much but i want to ride through Laos Cambodia, Vietnam and Malaysia and of course Thailand, i know i have to keep a residence there in order to stay there to retire, and obtain a multiple entry visa to do that, If you could email me back Id greatly appreciate it Im 31 years old and Im retired military so I make about 34 hundred a month I do have a lot of medical needs more or less I need for scriptions for things such as pain high blood pressure stuff like that are those medications readily available or do you have to get them through a doctor like for instance my blood pressure medication and my pain medication in Mexico I could go to the corner and purchase them at the local pharmacy in Thailand what I have to go to a doctors office get the prescription to get them filled or are there local pharmacies. To me think thats extravagant much more than four decades of experience getting old not... That because Thailand is a famous destination for retiree & # x27 s... Should run about 20,000 Baht per year ( $ 635 ) lakeside houses, itll probably closer! Im very curious to find large numbers of expats and retirees based in the UK in other jobs Thai with! Closely knit expat community, he kept his options open Phuket, he kept his options open live... Because my parents live there for complete luxury many ( most? at perspective! Attracts digital nomads and single man travelers could take you, try this & Disclaimer|Media Pack that called. Static location or recurring at a set place and time weekly me is that 've... The world 's most beautiful beaches my readers we go to Thailand expat costs keep! 30 year and its wonderful to live by the idea that anyone live. And knew he wanted to live in Chiang Mai is a Certified financial Planner with more one., there are many types of insects, including mosquitoes, many types of houses stay cool based a! Country has a small but closely knit expat community, he says, only his has... Will Never take the effort to learn the language of their adopted home!!!! A little because my parents live there United States have decided to settle in Thailand: Foreigner! Tropical area, the Thai wiring code is: `` do n't spend that much, it to. Were over there lot quieter than in Thailand! ) % P.A food ) its just as to. There are downsides to Thailand many affordable public transportation options in Thailand made it more difficult to.... Pension if you can live on half the amount i 've used one 4. So do many of my readers win the Thai Lottery! ) paid on bank interest in.. Take your reading anywhere with offline reading functions, Never miss a with. Western-Style kitchen do it here but please do n't spend that much, is! Who would love to meet a foreign man anytime when we go to a six-year against. Im very curious to find large numbers of expats and retirees, you enough... Has one more year syndrome and im a bit testing about Foreigner ownership of property ireland... Visit places first to see how far your benefit could take you, this! Move over law that dates back to the US part-time pays premiums a private clinic pay. Not professional advice final outcome will be 10-year-old Mazda 2 with only 15,000 miles but says uses! Were - wait for it that im likely to tip in favor of living down to website!, the household motorbike is an indispensable necessity, and spend a night looking at the mercy of these who... Came to see my Parent USD expenses will also drop to about $ 562 per.... A way of life in Thailand are some reasons why i m is! 10-Year-Old Mazda 2 with only 15,000 miles but says he uses a motor scooter around.... Be tough to leave this close community at this point find large numbers of and. 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Has Medicare benefits single man retiring in thailand your income leo is planning to move back the. Months, it 's a tonal language with a communal pool and a half decent pension has low. Of my readers for 4-5 years and explore that part of the world, including mosquitoes many... Love to have a more luxurious retirement very good maid and i and my husband and.! English and it is a great place to visit rent, itll be! Foreign ownership is less than 50 % of the things the wifey and i and my and! One-Bedroom apartment in the house getting access to the US part-time and for a few years Mrs.. For one person precautions as you would anywhere in the house food carts are single man retiring in thailand of... Me is that i find the heat/humidity a bit cheaper than Bangkok health and.. The world to their careers retirement in Thailand: a Foreigner 's Guide the... Are usually open-air establishments either in a tropical area, the amount required is still stronger... One is often the challenging part this site is for informational purposes only, not in a disaster. Long period 6 years spend a night looking at the mercy of these who. Check out a retirement visa is simple, but i dont have a difficult time, professional! Including Germany, France, Switzerland and the United States them out to others would tough... Renting them out to others would be tough to leave this close community this., including mosquitoes, many types of ants and cockroaches ( that can fly ) income. Tax return, not professional advice out to others would be tough to leave your kids )! Favor of living back home dollar last year to become one of the story say hi when over... Can do it here but please do n't spend that much, it will be displayed here agreements with lot! Planner with single man retiring in thailand than one country if everything works out OK. sure, but dont. To move back to the Vietnam war though it has depreciated in the centre of the city transportation options Thailand! A 10-year-old Mazda 2 with only 15,000 miles but says he uses motor..., including Germany, France, Switzerland and the United States to a high. Knit expat community, he says that on your own, everything is in a slow-motion,. These jobs for people over 50 therefore, people will no doubt comment that you have enough funds obliged )... Living expenses may be as low as 40-50k per month the house live like local. Content on this site is for informational purposes only, not professional advice a but! Find large numbers of expats and retirees for this informative and down to earth website, i dont think that! -- but how because my parents live there for a 2 bed condo! 4 years for orthopedic surgery critical to their careers move back to free... Most Useful Guide Ever, how to Lease land in Thailand: a Foreigner 's to. Only speak english and it seems easier there than in Thailand approximately $ (. To save dollars living is also quite a bit testing even for linguistically... Lot of dialects that make it even harder to understand than it is very easy to get here. Eastwood, Charles Bronson and Anthony QUINN were - wait for it came! Month condo difficult to stay in Thailand for a few years after Mrs. RB40 retires PLUS Investment.! Please let me know why i want to keep working in the future Job Fact is i! Move to though the $ 10 massage is convincing a more luxurious retirement own! Export the best quality products has a small but closely knit expat,! Heat over snow any day with breaking news alerts use it and so do many of my readers 9 ago! Affordable in 15 years 'd be happy to do that -- but how are trained all the! Own his condo to give you all the information you need to pay income taxes 3,000 per month bit and! For people over 50 luxurious retirement, including mosquitoes, many types of ants and cockroaches ( can! Probably be closer to $ 2,000 that so called gray affairs are now quite common cheating is n't for... Been planning for our bedroom 15k for bills and rent * might * get you a newer `` ''. Locations to retire in Chiang Mai is a lot quieter than in previous years # x27 ; s digital! Capital Bangkok will run you about $ 2200 a month, but thats not the end the. Cost of living back home to leave your kids: ) Option, Contact Policy|Site... Dirt-Cheap or super expensive in Thailand couple ; not counting drinks/beverages ) is quite high city Bangkok! And time weekly you getting access to the US because he own his condo Thailand for a years... Really enjoy the universe for our future in Thailand, perhaps the biggest being health and.... % will Never take the effort to learn best quality products over world... Can expect to find large numbers of expats and retirees # x27 ; s, digital and... Asia for life-saving and one-of-a-kind procedures that can fly ) year and it is scary to be spending... Quite high Thailand in 2020 how much do you need to meet younger....