1-Year Thai Retirement Visa (Single-Entry) - $61.33. To get a such a visa, you have to be at least 50 years old and pass a criminal background check. 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. One other consideration is relative civil stability. Thailand has very high road traffic accident levels and, depending on where you're living, pollution can also pose a hazard to your health. 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. I can find a small room in a hotel A/C, fan, refrig, hot water about 800, 900 meters from the beach for maybe 5,000B plus power and water (power is 5B/ unit and water is about 100B/ week). I guess my tastes must be more on the simple side! That is by keeping the same lifestyle they maintained in the US. I think healthcare is much more affordable in Thailand than in the US if youre young and relatively healthy. 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). Id probably look into homeschooling if we move to Thailand while he is in school. From BKK u can travel around and it is really fun . Thats not true for most foreigners. I do some research. We saw over 235 falling stars. Southern Thailand would be a great option for us too. Its the same in Malaysia. Sorry, I dont know much about the law. That being said, the current glut of available condo rentals in Bangkok may make my concerns moot. Im here to give you all the information you need to make your Thai adventure safe, happy, & successful. Returning to the same vendor again and again is a great way to make a local friend. PATTAYA, Thailand -- From the mountains of Chiang Mai to the beaches of Phuket, Thailand has long been a draw for foreign retirees wishing to spend their golden years in tropical bliss. Education is pretty limited. There are a lot of women 30+ who have good jobs or businesses, but are divorcees, abandoned or widowed. Have a look at the Thai tax rules here: Thanks for this informative and down to earth website, I appreciate it. Health insurance is still a big question here. But for the many who have enjoyed paradise on the cheap, their dreams are ebbing away as the country opens up to a wealthier class of retirees. All the lessons cost some money. I believe the entire text of the Thai wiring code is: "Don't let the smoke out." There are a lots of chinese message place all over Costa Rica. There are downsides to Thailand, perhaps the biggest being health and safety. Need an international bank account that holds multiple currencies and lets you transfer, receive & spend wherever you are, with a MasterCard. Simply. One of the hardest things is just how far away from the U.S. Thailand is, he says. I would love to retire somewhere cheap but would hesitate to move away from my kids (and future grandkids?) I think it might work out well for a retired couple with ties in Asia though. I knew I would shock some people with my idea of having a relationship with a woman 20 years younger. Basically it comes down to a couple main factors: 1. Right okay. Current market conditions bring both opportunity and risk. I just order stuff on Amazon or shop at Ross or Osh Hardware and send all the stuff back even my power tools and just use a 220 to 110v step down converter. My dad likes to eat seafood so thats why his food expense is so high. It will be great to visit South American for a couple of years. My wife and I did most of our international travels with my small company in the 80s and 90s so we no longer feel the need to travel around the globe now that we are retired. Well, my dad eat mostly seafood. as compared to ahaan (food) Thai, Indian is a bit more expensive but most farang dont mind too much. Today we get our dental work done in Mexico, across from Yuma. Enter the country on this visa. We plan on making the the primary move to Singapore and use our place their as a base at a very reasonable monthly living cost. For example, its hard to get really good rice in Thailand anymore for example. FYI For $1000 you can get a nice pool villa out here! My dad rents several condos to Japanese retirees. Bowen spends $1,800 a year for what he describes as a bare-bones policy that will cover about $15,000 in expenses, or what he says is enough to cover a major health problem at a public hospital. Is the average retiree at 65 years old going to be worried about road traffic accidents or poor electrical wiring standards? 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. Good luck! Now that IBM is changing to exchange medical options for retirees. Your email address will not be published. Once your retirement visa is nearing expiration, you will need to apply for a visa extension. Another option would be to purchase the house (you can own the house, just not the land) and then do a 30 year lease on the land. For flexibility and a sense of purpose, consider these jobs for people over 50. 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. To qualify, you must be 50 years of age and be able to show an adequate income from outside Thailand or deposit 800,000 baht ($25,400) in a Thai bank. Anyway, Chiang Mai is a great place to visit. Hi Cheryl, it's just an optional thing I mention at the bottom of my newsletter. Sorry to hear that! 2023 Retire by 40 Some would argue that for not too much more you could live in Portugal, Spain, Italy or Greece. Even Thailand appears to have made it much more difficult to gain permanent residency in recent years. Some of my dads friend eat out at expensive places every day and they spend more than $5,000/month I havent heard about the property. 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. So basically, taxes and insurance. Canada is a great option too, but its a bit cold up there for my taste. JavaScript is disabled. My dads cost doesnt include rent because he own his condo. Thailand has always been popular as a country to come to live and retire. Previously, only Thai people can buy properties, but I thought condos were exempt somehow. Bowen spends $20 a month for high-speed internet plus $15 a month for an unlimited cellphone plan. If you're living in a Thai style house then it's really cold. What about Vietnam? Hed been to Thailand before and knew he wanted to live by the beach, not in a big city like Bangkok. Some people have a few beers twice a week, and others drink a few beers every night. Foreigners can own property in Thailand with restrictions. Its a lot of fun to visit, but living there is quite different. Theyve been married for eight years. Then I bought a one acre beach up north in Bolinao(Im a dual citizen), and building a resort there and in the provinces, my expenses are only about $15 dollars a day for everything since I can just walk around or take a tricycle without having to use my gas guzzling 1971 Mercedes(classic but drinks gas and breaks down once a month..lol). Costa Rica is a safe and stable country with a low crime rate, especially in the rural areas. My dad mentioned that raising a kid is a pretty big expense in Thailand. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Now, he says, he and wife generally spend three months during Thailands rainy season traveling in Europe (COVID times being an exception). It can take a long time to be good at investing and the earlier you start the better. 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 would love to retire in Italy for a few years too. For many, living expenses may be as low as 40-50k per month. 10 reasons why not to retire to thailand retire 2. In Phuket City, you can rent a two-bedroom, two-bathroom home with 1,300 square feet for $1,000 a month. Learning Thai makes life here easier and more fun. And for a single person, $2,000 a month would go far. Interesting. This will allow you to live comfortably without breaking the bank. The real benefit of a single man living in Thailand in terms of living expenses is that you only need to pay for yourself. Visit more than once. But, if they do not qualify for the Thai Retirement Visa (O-A or O-X), they can apply for a Non-Immigrant Visa O or ED. In regards to Paul Smiths comments about having food and sex for little or nothing, I think is a mis comprehension of Asia that belongs in the 70s and 80s. Sunrises and moon-rises are so good. Now you can get a retirement visa thats valid for a year. Mostly Western guys, these . First, you have to obtain a non-immigrant visa by providing the Thai consulate with your passport and proof that you have enough funds. You're probably thinking that Portugal, Italy and Mexico look like pretty good options, but you like Asia, right? Many foreign retirees could come to Thailand and live a pretty good life. The food looks great. I have heard many men are going to The Phillipines to meet younger women and it seems easier there than in Thailand. You could potentially live a lot cheaper, as low as $1,000 a month, but you would probably have a difficult time. Professional athletes come to Piyavate Hospital for orthopedic surgery critical to their careers. 15K for bills and rent *might* get you a newer "one-bedroom" close to public transport but many (most?) Moving overseas is in our family plan. Even with the insurgency in the far south? 1. Anyway, I would love to live in Chiang Mai for a few years. Were actually considering retiring in a more expensive country (Germany, Austria, Switzerland are on the list), but we dont know much about how wed go about doing that especially since we dont have any family or other ties to those countries other than that we like them. Over Costa Rica seafood so thats why his food expense is so high it much more in... About road traffic accidents or poor electrical wiring standards always single man retiring in thailand popular as a country to come to live without..., abandoned or widowed living in a big city like Bangkok earlier you start the better Italy Greece! 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