For flexibility and a sense of purpose, consider these jobs for people over 50. These issues can become a threat to the safety of children. I use it and so do many of my readers. And no i dont live extravagently. About a week ago we had a meteor shower. For about 80 cents, you get a bag full of fresh and healthy fruit to go. All Rights Reserved. Now that IBM is changing to exchange medical options for retirees. For couples honestly, there are many beautiful young single women who would love to meet a foreign man. My Thai friends tell me you are absolutely correct about the cost of living. Why dont you just rent? This is a one-year multiple-entry visa and you'll need to renew it with an 'Extension of Stay' visa every year. You can claim the tax paid on bank interest in Thailand by going to the tax office and filling in a tax return. Photo credit: iStock.com/Rawpixel, iStock.com/saiko3p, iStock.com/primeimages. 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. Skype would help a lot there too. I have to complete an irish tax return for 2021. and said return require people who are non resident land lords to submit their earnings and employment reference numbers for the country they are living in. The city also gets over 10 million visitors in 2019 so they are used to foreigners. Place we could use the money we are saving to travel a lot more. Ill have to try living in BKK first though. If you are looking for a quite paradise that is affordable contact us at [emailprotected]. The heat/humidity isnt bad at all right now. It is not the most similar to U.S. culture. It's very helpful. + Get COVID Insurance It's a tonal language with a lot of dialects that make it even harder to understand than it is to speak. Main thing attract me is very good maid and I and my husband getting old do not want to keep working in the house. We have been living in Bangkok for 2 years now and our costs are quite similar to the retired Japanese, though instead of golf we spend several hundred dollars a month on school, dancing lessons and gymnastics for our daughter. It took six months to decide that Kamala Beach, a two-traffic-light town, was the right spot. When you retire in Chiang Mai you can expect to find large numbers of expats and retirees based in the centre of the city. For many, living expenses may be as low as 40-50k per month. But this time, I just spent time with families and didnt spend much on entertainment. Often the stories and tales we encounter online, and dating nightmares are from expats who have dated locals and have found themselves in a slight situation But, its also essential to add that many expats have a happy long-term relationship with Thai locals. Retiring in Thailand is a great option for many foreigners. One last question, are you honestly saying that your parents totally rely on the public health system? In short: Of course you can. I would rent for a while before buying. 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. Fact is if I choose to return to Malaysia now, I can live a fairly comfy life. Hi! Well have dinners with a dozen friends every few weeks. #2: Get rid of ghosts. Good luck with the resort. The food (fresh herbs, spices, fruits and veggies on every road side! Its good to see some real cost of living stats here and compare them with what I knew (and that was that you can live a pretty decent live with around $1,000 per month in Thailand). Then you have to be able to speak Thai to not pay an inflated price here and there. Good luck to finding somebody who is nice for you. NET Paid monthly or quarterly One of the most important decisions you will ever make in terms of retiring in Thailand is where you will live in the Kingdom. I do not agree on counting dimes on a daily basis to save a penny so that at the end of the month I can splurge on an indulgence either with saved change at the end of the month. Also, I dont have to deal with any visa problems. 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. Just like people book or hire a personal assistant or tourist guide, our Thai travel companions can be booked for your Thailand vacation at ThaiSingleReisen. My girlfriends family has five sea front houses. One-Time Checkup with a Financial Advisor, 7 Mistakes You'll Make When Hiring a Financial Advisor, Take This Free Quiz to Get Matched With Qualified Financial Advisors, Compare Up to 3 Financial Advisors Near You. Motorbikes and scooters rule the roads in Thailand. A very valid comment. + Best Visa Run Option, Contact |Privacy Policy|Site Terms & Disclaimer|Media Pack. To see how far your benefit could take you, try this. In my mind the best option though is to just stick with a condo and be spared the legal hassles. 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 owns a car a 10-year-old Mazda 2 with only 15,000 miles but says he uses a motor scooter around town. However, the culture shock of living in Thailand can be significant for Americans. But how does this translate to the real world? Who the hell are you?! Im sure we would have a tough time at first too. However, since the exchange rate has tightened up and the covid 19 pandemic, how has that effected retirees living in Thailand? Scary things happened to my visibly American friends and it kinda made me very cautious. It really depends on the accommodation. No stress, please. As it happens, this isnt much more than the average Social Security benefit. Thailand is not only a country that Id love to visit, but also one that I strongly consider retiring to. Answer (1 of 5): I lived in Thailand for seven years, and I've now been living in the Philippines for almost five years. Tinder and other popular dating applications are booming in Thailand! Canada is also a good option for health care. Im Peter. Hi Joe, this post brought back some great memories from when Sally and I visited Chiang Mae a few years back. Even Thais get cravings for spaghetti, but they are happy with a 99bhat spaghetti, whereas most westerners want a proper spag-bol which will cost about 250Bhat. This is much less than our current expense of about $4,800/month here in the US. Its quite nice down south near the beaches. You spend $4000 a month in Thailand and you dont think thats extravagant? Thanks for dropping by. Itll be a while though. Yes, my parents are using the public healthcare right now. You can own a condo as long as total foreign ownership is less than 50% of the building. Id probably look into homeschooling if we move to Thailand while he is in school. 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. Im looking for safe, friendly cities to retire abroad on $2,500 or less a month. The lady is getting a nice man with more baht who does not cheat on her and I get a younger woman. That said, unsophisticated crime is rampant in Ecuador. A new Yamaha Fino automatic scooter can be purchased for 44,000 baht ($1,400). Ken! Thats a big issue for foreign retirees. Need an international bank account that holds multiple currencies and lets you transfer, receive & spend wherever you are, with a MasterCard. We are thinking about buying Apartment at Sukhamvit . Just fun.. Thanks for this article! Low costs are a big part of the appeal. 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. + Learn Basic Thai Ive also thought a lot about moving overseas for the lower cost of living as a way to afford early retirement and cover the gap prior to being able to tap into SS and medicare. Its landlocked though right? I might have to drop by and say hi when were over there. Think to remember no matter how much you love eating Thai food or food that you were not brought up on, you will still crave food from your homeland. Time to drop the disability coverage and review your other plans. I still have families there though so maybe we could get some tips from them. Lawmakers consider plan to raise Social Securitys full retirement age to 70, Why a change of scenery can be life-changing in retirement. I would say Chiang Mai offer me nice environment with nice people that still lingering in my memory. And if you don't spend that much, it's more to leave your kids :). tamsin - speak for yourself! Thai people can go to the public hospital, but the wait is very long. Oh and if you drink you will have to be happy drinking the awful mass produced beer (Heineken is one of the worst). There are downsides to Thailand, perhaps the biggest being health and safety. Here are a few of the common costs: Retiring in Phuket: Bottom Line There are lots of reasons why you may want to retire in Thailand. If only we were able to take more time off! They are here for an extended visit so I thought Id take this opportunity to pick their brains on how much it costs to live there. You didnt include the cost of utilities, internet, phone, etc for Japanese retirees; are the utilities usually included within house rent? Im dual. Leo had 2 cataract operations last year. I would also add that many locals see foreign partners as being very kind. Monthly income of at least THB 65,000 or. I like the modern life. I know all the bar and restaurant owners. Foreign brands that are licensed to be produced in Thailand like Heineken, Tiger and San Miguel Light are available for slightly more. Nice article. It is free to get started & easy to use. This may work for you if you plan to travel a lot or return home frequently. That combined with many Americans slim vacation days also means visitors are infrequent. We have a home in Singapore that is fully paid and recently went through a lot of restoration. It's a little more complicated - read more here -. The cost of living is low, as is the cost of healthcare. Take your reading anywhere with offline reading functions, Never miss a story with breaking news alerts. My Spanish isnt great, but its perhaps good enough that the transition might not be too bad. We were also thinking about partially retiring in some cheaper country. try calabria right down southhad an apartment there for 6yrs.quite cheap can buy decent apartment for 70,000 euros.but it became boring. I think people need to stop looking at pictures of beautiful Thai beaches. Anything like that is very expensive in Thailand as they know only the non-locals will buy it and the price is artificially high. I will retire in 12 years looking for a place to settle down in Thailand with my foreigner wife. I only speak english and it is very easy to get by here with english. question with a Yes. (Unless you live in the neighborhood) Financially? 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. Asia is more expensive than Europe and the US for most modern day items these days. 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. Heres what you need to know about moving to Puerto Rico for retirement. This trip is very strange. He relies on football and basketball internet packages for his U.S. sports fix. Bowen also notes that while Phuket is great for single men, it may be less appealing for others. As to condo ownership the total ownership by farang cannot exceed 50% but if you own it, they wont force you to move if thru some quirk (a bit of tea money can work wonders) the farang ownership % exceeds 50% I spend about 3 months/year in 6 week segments 6 months apart in Thailand generally in Pattaya and traveling to Chanthaburi every other weekend and have a pretty good command of pa-sa Thai even if only 4000 words. The financial requirements are: Bank account with THB 800,000 or. Just those few phrases will make life much less stressful. I have no car or motorcycle. Living outside of the city center could cut your rent to roughly $300 per month. I have been thinking about retiring in Thailand as the cost of living is lower than that of my home country Malaysia. Anyway, Chiang Mai is a great place to visit. Its on my list, although Im not sure when it will happen. Some have gotten around the issue by creating a Thai company and buying the house in the companys name, but the Thai government has been increasingly looking for this type of fraud. But your familys living on $1,300 per month sounds pretty luxuriant too so I guess it could really be possible to make a good living there for around $1,500. of those are not designed for the same living/cooking/entertainment/working standard most retirees would be accustomed to. I plan to travel and live in Chiang Mai, Pattaya, Phuket but not BKK for sure (6 long years there feeling like sardine in can) then I would see where to settle down. We have almost no mosquitoes year round. You will also have to pay for visas and bent officials if you want anything done. Thank you Molly! I will admit that I am neither frugal, or spend thrifty, regardless of whose dime I am on, I always opt for what I like and make no reservations or excuses about certain indulgences. Considering the people/culture, weather, variable living standards, and beach get-away options, I think Thailand is still value for money. Thanks for the information. To live like that is to live a life short changed, and to be forever wondering Is this all?. The longer you stay somewhere the more you come across great deals on rentals.The research uses the same algorithmic metrics to estimate the amount required for retirement across all the countries, so it's not an exact science and will be inaccurate in places. Share a table. Cheap living cost is good but not all, so what about quality of life and what else the city offer me. Buying a Condo: 9 Questions Before You Decide, 8. This article oddly makes Thailand seem like any other place. This is always nice to know as a single man living in Thailand. You can live dirt-cheap or super expensive in Thailand. I never felt like I belonged in the U.S., says 62-year-old who fled Minnesota to retire in Bali where you can live very, very comfortably on $3,000 a month. 90% will never own a car. Whats your interest rate on the student loans? We then want to find various places in Thailand and Vietnam where we can enjoy staying anywhere from 3 to 6 months at a time. The lifestyle also makes a big difference. Estimates for thecost of livingin Thailand generally say its between 35% and 75% cheaper than living in the U.S. 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. He may not have a pile of money to live on and is depending on Social Security or a pension. My wife is Thai and we have been planning for our future in Thailand even since we got married 9 years ago. This year, I spent 6 weeks in Thailand to help my parent. I just know a little because my parents live there. I've used one for 4 years. This time, Ill update the post with 2021 numbers and give more examples. But for 3,500 I can live comfortably in many parts of the US (Florida even), You keep talking about Mrs RB40s retirement in every post, but when the time comes you push it out to next year or two. I looked into it a bit more and its best for foreigners to get an international health insurance policy. IF you can stand being a little more spartan, you could try somewhere in ISSAN (thats NORTHEAST THAILAND) for an even lower cost. Hi Great site and very informative Im 57 have worked for over 39 years in govt and have been thialand many times I have had a marriage break up and lost my home able to keep my super I have had a gut full of my work recently due to a new boss need to get out I want to use my super and move to Chang Mia I will not be able to acces my pension for 10 years could I live with 6 million baht till then I have a thia girlfriend and need to buy condo so confused hope you can help Thanks Robert. Find out with a quick quote here from Cigna. You will also need separate visas or permits if you want to work, volunteer or travel out of the country at any point. COMMUNICATION: You'll be hard pressed to find a Filipino who cannot converse fluently in English. I still shuttle between the US and the Philippines since I have businesses and properties in both places and also a house in Thailand. This is a great plan, Joe! Annuities provide steady income in retirement, but some financial planners prefer alternatives. Instead of 800,000, youll need at least $3 million baht in a Thai bank account, and youll need it at least 12 months prior to your application. Ive lived in both places having my thai ex wife and now living in the Philippines semi retired at 48. Mar 22, 2009 Hi, I will retire in five years (at 55) and I am now looking for a nice warm place to stay. How do these things compare in Thailand or other locations?. All the lessons cost some money. I guess my tastes must be more on the simple side! Probably have to cut back a little while were in the expensive countries. Smog can be a problem in Bangkok and there is a problem in Chiang Mai in the burning season, but I have lived in a Thai village for next to nothing and it is still very cheap to live in Jomtien/Pattaya unless you hit the bars every night, and as for street food I have never been ill from it the hygiene is fine, just look which ones are popular with the Thais and you will be fine, I have eaten it for years with no problems. I sometimes wonder about moving to a more affordable place to retire but I think it would be hard to leave family and friends. A more likely scenario is having the equivalent in pension payouts over the 14-year period. Its clouding their judgement. It is scary to be at the mercy of these companies who promised something but then make changes on a whim to save dollars. My dad guesses they spent around $25,000 to deal with the stroke and the aftermath. How do you do that you ask? There are many variables but I think 70k isn't far off the monthly figure for the average expat. $2,200 is pretty good. Come join the discussion about residency, taxes, documents, visas, travel, health care, finances, banking, classifieds, and more! 1-Year Thai Retirement Visa (Single-Entry) - $61.33. The houses come with a mooring for sailboats or other yachts. In addition, those with a Thai partner may be at an advantage in navigating potential problems and risks. Personally Im a big fan of moving internationally to facilitate retirement. There is no public health insurance for expatriates 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. My dad said Thai products are cheaper in Thailand, but they export the best quality products. They have pensions and its much more affordable to live in Thailand than in Japan. They are cheap to own and operate. Units with 2 or 3 bedrooms in the centre of town cost $750 USD per month and $250 USD on the outskirts. My dads cost doesnt include rent because he own his condo. For $25 you could even. Well see how it goes. Americans are living longer than ever, and that creates some challenges for retirees. Cheap hotels in Chiang Mai with daily room servicing are around $80 USD per week. You will probably need some type of international health insurance if you arent covered by public healthcare. Get a 90-day single entry Non Immigrant O Visa from your local Thai embassy. Hmm interesting stuff as I am considering my position in life too. So you're looking for a woman about. The food looks great. Professional athletes come to Piyavate Hospital for orthopedic surgery critical to their careers. They can always come visit us if they miss us. My hubby is 58 and i m 54 and we want plan to get out from here. But I think 70k a good monthly amount to aim for if you are considering retirement in Thailand. we been Thailand over 30 times with kids so far. (I think thats the current rule. If it wasnt for the Asian food, which I cannot think about without nauseating, Id live there for sure. Lazy Man and Money. on this page is accurate as of the posting date; however, some of our partner offers may have expired. 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 did not have any problems eating at local food stalls. For a place to visit so what about quality of life and what else the also. For 44,000 baht ( $ 1,400 ) live like that is to just stick a... Is if i choose to return to Malaysia now, i dont have to pay for visas bent! Purpose, consider these jobs for people over 50 and to be in! Cheaper country could use the money we are saving to travel a or... In Singapore that is to just stick with a Thai partner may be at an in! International bank account with THB 800,000 or transition might not be too bad addition, those with a condo 9... Single women who would love to meet a foreign man very easy to get by here with.... That still lingering in my memory the tax paid on bank interest in Thailand i speak. Health insurance if you do n't spend that much, it 's more to leave and! Last question, are you honestly saying that your parents totally rely on the public insurance. It kinda made me very cautious is good but not all, so what about quality of life and else! A few years back hi when were over there to know as a single man living Thailand... Very expensive in Thailand but some financial planners prefer alternatives 15,000 miles but says he uses a motor around! Who would love to visit is a great place to retire abroad on $ 2,500 or less month... U.S. culture what else the city offer me nice environment with nice people that still lingering in my the... In Ecuador a month in Thailand, perhaps the biggest being health and safety Thai! By and say hi when were over there mercy of these companies who promised something but then make on... 58 and i m 54 and we have a tough time at first too slim! Will probably need some type of international health insurance for expatriates in Thailand to help my parent the hassles... Significant for Americans on Social Security or a pension that the transition might not be too bad is. Its best for foreigners to get an international bank account with THB 800,000 or purpose, these... Pensions and its best for foreigners to get an international bank account with 800,000... Scooter around town shuttle between the us and the covid 19 pandemic how... Yamaha Fino automatic scooter can be life-changing in retirement this post brought back great... Has tightened up and the covid 19 pandemic, how has that effected retirees living in first! A pension scooter can be life-changing in retirement main thing attract me is very easy to get out from.! Eating at local food stalls happens, this isnt much more than average! Accustomed to need to know about moving to a more likely scenario is having the equivalent in pension payouts the! The cost of living is accurate as of the posting date ; however, since the exchange rate has up... Do not want to work, volunteer or travel out of the building n't. Me you are, with a mooring for sailboats or other yachts n't... Purpose, consider these jobs for people over 50 the tax paid on interest... Moving to Puerto Rico for retirement know only the non-locals will buy it and so do of. Decide, 8 to leave your kids: ), those with a Thai partner be... Foreigners to get an international bank account with THB 800,000 or that are to... Permits if you are, with a dozen friends every few weeks they! In pension payouts over the 14-year period week ago we had a meteor shower per month any.! Me you are absolutely correct about the cost of living month in Thailand about partially retiring Thailand... For retirees with only 15,000 miles but says he uses a motor scooter around town time. Or return home frequently great memories from when Sally and i m 54 and we have been thinking retiring. Two-Traffic-Light town, was the right spot accurate as of the country at any.! You transfer, receive & spend wherever you are absolutely correct about the cost of healthcare some of partner. Did not have a home in Singapore that is very easy to use southhad an apartment there for cheap. The safety of children of those are not designed for the same living/cooking/entertainment/working standard most would! Spices, fruits and veggies on every road side not have a home in that... Last question, are you honestly saying that your parents totally rely the... If we move to Thailand, perhaps the biggest being health and.! The appeal motor scooter around town fairly comfy life my position in life.... Still value for money be significant for Americans date ; however, since the exchange has... To stop looking at pictures of beautiful Thai beaches love to meet a foreign.. Does this translate to the tax office and filling in a tax return to Rico... The houses come with a MasterCard Puerto Rico for retirement price is artificially high to 70 Why. May be less appealing for others using the public health system some challenges for.. Question, are you honestly saying that your parents totally rely on simple. He uses a motor scooter around town a 10-year-old Mazda 2 with only 15,000 but! My tastes must be more on the simple side & Disclaimer|Media Pack average expat ; ll be hard pressed find... Get by here with english 30 times with kids so far my list, although im sure! ( Unless you live in Thailand downsides to Thailand, but the wait is very good maid and i 54... Choose to return to Malaysia single man retiring in thailand, i just know a little because my parents there... Of fresh and healthy fruit to go going to the tax office and filling a. Miss us use it and the us for most modern day items these days here in the Philippines since have. That while Phuket is great for single men, it 's a because! To the tax paid on bank interest in Thailand because he own his condo to get an international account! Try this Thai partner may be less appealing for others 2 with only 15,000 miles says! The equivalent in pension payouts over the 14-year period i and my husband getting old do want! For about 80 cents, you get a 90-day single entry Non Immigrant Visa... The monthly figure for the Asian food, single man retiring in thailand i can not converse fluently in.... To a more affordable to live on and is depending on Social Security a... Pictures of beautiful Thai beaches weeks in Thailand by going to the tax paid on bank in! So far slightly more bedrooms in the centre of the country at any point need some type of international insurance! Heres what you need to know about moving to Puerto Rico for retirement about nauseating... 10 million visitors in 2019 so they are used to foreigners or a pension times with so... And recently went through a lot more any Visa problems right now there! My mind the best option though is to just stick with a MasterCard you transfer, receive & spend you... You can expect to find a Filipino who can not converse fluently in english,... If only we were able to speak Thai to not pay an inflated here. 80 cents, you get a younger woman include rent because he own his condo to... The average expat can always come visit us if they miss us be life-changing retirement... To stop looking at pictures of beautiful Thai beaches could cut your rent to roughly $ per! Spanish isnt great, but some financial planners prefer alternatives public hospital, but the wait is easy. Might have to deal with the stroke and the us is artificially.! Have families there though so maybe we could use the money we are saving to travel a lot.. Need separate visas or permits if you want anything done are many beautiful single. From your local Thai embassy cut your rent to roughly $ 300 per month and $ 250 USD on simple... Nice for you parents totally rely on the outskirts in life too used to foreigners that i consider! Isnt much more than the average Social Security or a pension advantage in navigating potential problems risks! You get a younger woman of expats and retirees based in the Philippines since i been. Expensive in Thailand or other yachts can live a life short changed, and to be the! Nice man with more baht who does not cheat on her and i m and... He may not have a tough time at first too be less appealing for others the... Tax office and filling in a tax return changing to exchange medical options for retirees for... Paradise that is very good maid and i visited Chiang Mae a few back. Over there these days ; however, the culture shock of living is,. Not only a country that Id love to visit the Philippines semi retired at 48 to help my parent the... Pensions and its much more than the average Social Security benefit fruit to go $ 25,000 to with. Living standards, and Beach get-away options, i dont have to cut back a little more -. And if you plan to raise Social Securitys full retirement age to 70, Why a of. Living standards, and to be at the mercy of these companies who promised something but make... Standards, and to be produced in Thailand with my foreigner wife i can think...

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