wwest5829
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Posts posted by wwest5829
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I have been able to have a comfortable retirement here in Chiang Mai on 65k a month. But I use the monthly income requirement of 65 K baht a month as I leave my retirement funds invested to produce income. As observed up to the individual but, I would recommend the required 65 k monthly income to test whether it is sufficient for keeping you happy with your life style.
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Sorry, a Yank here, so my thinking dealt with the US and USD. I had 5 by-passes in the US in 2005 and a male paternal line with all dying from heart attacks so that played into my decision of when to retire. Another consideration was being on an academic calendar year. I determined that I would retire a bit earlier than my age 65 full retirement year, leaving instead in July 2011 (age 64 1/2). I sold all property in the US, thus not being subject to any state taxes as I am not a resident although I am still subject to US income tax. As to financing, about half my 65,000 baht monthly retirement budget comes from earned US Social Security. The other half comes from my retirement funds and personal savings which are invested and managed. Thus far (knock on wood for the future), I am able to have a comfortable working middle class retirement unavailable to me at anywhere near the same cost in the US. In addition, in the decade since retirement, my invested net worth has continued to grow.
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5 hours ago, Eibot said:
We already have visa options for retirees and people working in Thailand...
What they want?After 10 years residence, no negative record = Permanent Resident status and an end to having to report to Immigration Police every 90 days (only needed for change of address).
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6 hours ago, webfact said:
Cabinet approves long-term 10-year visa to attract foreigners
By Erich Parpart
The cabinet on Tuesday approved measures to attract foreign investors and experts to Thailand for a long-term stay with a 10-year visa.
Thanakorn Wangboonkongchana, the government’s spokesman, said that the measures should attract more than one million foreign investors and experts within five years, which should increase the amount of money spent in the economy by more than one trillion baht.
“This includes 800 billion baht from the expected increase in investment and 270 billion baht from the expected increase in tax collections,” he said.
Full story: https://www.thaienquirer.com/32668/cabinet-approves-long-term-10-year-visa-to-attract-foreigners/
-- © Copyright Thai Enquirer 2021-09-15
As always, wishing Thailand well but I sure would not take this on as a winning bet.
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15 hours ago, Almer said:
Im lacking in all there requirements, but i spend my pension here and keep out of trouble, and help the needy in the village if that counts for anything.
I'm thinking we are where the potential growth is located. Yes, agreed it is more "mass market" rather than appealing to the far fewer "designer brands" market. The vetted retired working middle class outpriced in their home countries can certainly be attracted to Thailand's physical and cultural climate.
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On 9/10/2021 at 6:55 AM, mtls2005 said:
from the article...
Pardon me for me for not losing sleep over this one. Thread title might be better as "Possessing a passport is not a right." And more shockingly, neither is voting.
Pay your darn taxes, or renounce citizenship. Peasey. Same-same for child support.
The case, Maehr v. U.S. Department of State, involved a challenge to the Fixing America’s Surface Transportation Act. Among other things, the FAST Act gives the IRS the power to notify the State Department if a taxpayer owes more than $50,000 in federal taxes — a sum against which the IRS has a tax lien. Once the IRS has certified that the taxpayer has such delinquent tax debt, the State Department is prohibited from issuing the taxpayer a new passport and has the authority to revoke a current one (subject to certain emergency or humanitarian exceptions).
The appellant, Jeffrey T. Maehr, owed $250,000 in federal taxes and subsequently had his passport revoked under the State Department’s FAST Act authority. Maehr then filed suit, challenging the Act’s tax provisions under the privileges-and-immunities clause of the 14th Amendment and the due-process clause of the Fifth Amendment.
Thanks for taking the time to read and then post. I copied the case to look up also noting the poster goes over the edge at times. It appears this time as well.
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Understand the point of view. Certainly, celibacy has been pointed to for centuries to allow a life less encumbered while focusing on the internal higher pursuits. Guess I have lived a more balanced life (just evolved). Most time after age 21 with a significant other but the were a couple of 4 years stretches when I lived alone, traveled alone (OK, few encounters during those times). No, I know myself very well, I enjoy sharing with a significant other. Hey, what can you expect from someone turned to being a lifelong educator?
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9 hours ago, GBW said:
I thought it was Bob Segar and the Silver Bullet Band.
Confirmed. Got them on my iPod!
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Naaa, to a Mae Noi. First off, I am to poor to support more than is on my plate with a 65K baht monthly income. Equally critical … I do believe I have reached the age of being a “puppy”. That being like a puppy chasing a car … what should I do with it if I caught one? Equal consideration … my wife is 26 years my junior already, we are happy together and I am in the “winter of my life”. Enjoyed my initial play time in Thailand and will forever have fond memories of the Thai girls who shared my time but I am a happy camper … By the way, I’ve always stated I would quit looking when they close the lid on the coffin …
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On 9/10/2021 at 3:02 PM, RichardColeman said:
It's a real sham really ! I have a house I can go isolate in in Pattaya if required. I can send the wife and daughter to Nan visit the parents or sister in BKK for two weeks after she stocks up all the cupboards for me to use in 2 weeks, yet I am not allowed to do it.
Sometimes it seems more money driven than health driven
Agree with your reasoning concerning your and like others situation. I fear I understand the “cookie cutter” solutions having worked with administrators in education for 41 years. Not sure if an “Office of Ombudsman” would help but seems Thailand could certainly use an office like this to cut through the issues dealing with resident retirees.
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Having retired to Thailand from the US in 2011 my Covid schedule has pretty much remained the same. Morning toilette, checking/answering email/FB entries. Eat breakfast while watching PBS Newshour/BBC/CNN. Upstairs to office recliner where i spend time reading on a broad range of topics which interest me. By 10-11 if shopping/medical checkup is called for, we usually are out to 2-3 in the afternoon. Lunch out or back at home. Shower. Back to the office. If the mood strikes, I delve back into my genealogy research to add to my documented family tree. Potential additional reading tied to the genealogy. Take a break to read, add to Asean Now/Flipboard/Quora topics. Current evenings have been focused on re-watching, "The West Wing". Otherwise, hundreds of favorite movies to watch. And so it goes ...
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Having decided to retire in Thailand over a decade ago, it has been a rising question for me as to the demographics of just who is retiring in Thailand. In my case, excellent lower cost (than US) medical care and being able to sustain a working middle class standard of living were definitely considerations. No Benz nor private pool, housekeeper, etc. but comfortable renting a 4 bed, 3 bath house on a double lot, car, motorbike, etc. on my required 65000 baht a month income. I understand Thailand wanting to gain the rich and famous but I would think their “sweet spot” would be the larger number of retiring working middle class, hard pressed to be able financially to retire in their home country. I know there are millions of my fellow countrymen living in retirement outside US territory. Surely, I cannot be the only working middle class retiree.
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2 hours ago, Jeffr2 said:Immunizations have been a requirement for school entry for eons. Not sure why some are getting all wound up about this. Especially considering our current global pandemic. Jeez.
I am soooo old! Let’s see there was the childhood Diphtheria, Pertussis (Whooping Cough) and Tetanus vaccines. I think before entering public education the Smallpx vaccine was administered and I still have the scar. Then I recall lining up at school when I received both the Salk and the Sabine Polio vaccines. There were Tentanus vaccine boosters along the way, including one after I “sandpapered myself coming off the motorbike. Ah, I recall one US college where I applied requiring I take a Typhoid/Paratyphoid vaccine … that one did not go so well … severe allergic reaction. I I was going to travel through Central America in 1979-1980 … Yellow Fever vaccine recommended and taken. No doubt I may have missed remembering some. Ah, just remembered I got a Hepatitis vaccine …Thing is, these virus will continue to attack the human body. These medically researched and provided are to help us defend ourselves. For those who chose to reject … no problem, .I respect your right to potentially die … just stay the hell away from me and mine … Nope, I do not want you in the plane (or other public conveyance with me. No, I will not support a claim that you have any “right” to come into any facility serving the public if you do not join us in trying to protect all … it is not all about you (not aimed at the current post … I wish to support).
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On 9/6/2021 at 12:12 PM, Etaoin Shrdlu said:It isn't just about protecting the children, it is about trying to protect them as well as those around them. Vaccination won't prevent 100% of infections or spread of Covid, but may reduce them. This may protect vulnerable family members and others by helping prevent the children from brining Covid home from school to share with their parents, grandparents, siblings and others.
The idea is to reduce serious illness or death in the near term. If one dies this month, what happens 20 years from now is irrelevant. If we were to wait until all possible outcomes of vaccines were completely known, we'd be waiting 30 years. Other vaccines and drugs were rushed to use without waiting for years and years. Think Polio vaccine. Pfizer is now approved for normal use and I understand that the Thai government will use Pfizer to vaccinate schoolchildren.
In the US, schoolchildren are required to have a number of vaccinations prior to attending elementary school. My children were recently required to evidence their vaccination records going back to infancy before they were allowed to attend university in the US. Vaccine requirements are nothing new.
I have more faith in the medical community and their collective wisdom than in crackpot political hacks and conspiracy theorists. That does not rule out having a healthy skepticism of our leaders and their policies, but there is a difference between skepticism or criticism of policy and falling for absolutely nonsensical conspiracy theories.
I can choose not to go to a restaurant to protect myself and I can prevent my family members from doing so as well. Restaurants are not really necessary and my family can pretty much avoid this risk if we want. The risk presented by the Ministry of Education ordering schools to re-open with unvaccinated students is harder to avoid. I would have to withdraw my daughter from school if I wanted to avoid this risk and there would be consequences for her future if I did so. Restaurants and schools is a false equivalency when it comes to workable risk mitigation.
All companies spin the truth and lie. We all need to be wary and watch out for this, but if the standard is to only patronize companies that never lie or spin, then I'm afraid we can't patronize any companies. Pfizer, for one, has a proven track record of producing pharmaceuticals that are safe and effective. While I would be wary, I would have to see some evidence that Pfizer has a particularly odious corporate culture or track record of major misdeeds before I would refuse their vaccine in the middle of an epidemic.
I don't have blind faith in vaccines. Nobody should. We will need to wear masks, practice physical distancing and hand hygiene for some time. Vaccines aren't a silver bullet, but they are a major part of a successful public health policy.
Taken to its illogical extreme, one could say that any time two or more people collaborate to gain an advantage in business or politics it is a conspiracy. In this case, all businesses are nefarious conspiracies to turn a profit and pay dividend to shareholders at the expense of consumers. This seems to be the world that many conspiracy theorists live in. I don't.
Thank you for taking your time to write a thoughtful response to the subject at hand.
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My two satang worth? This is Thailand and I respect the Thai citizens to decide policies for their country. I will restrict my voice to only advising my country’s interaction and my countrymen concerning visiting the Kingdam of Thailand.
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17 hours ago, 4MyEgo said:Have been here just on 6 years, the only thing that has really changed for me is that I have become awoke as to how uneducated and racist the Thai people are, e.g. Thai's 1st, everyone else 2nd, this was clearly evident with this pandemic.
The lack of education, explains the corruption etc to me.
All of the above said, one can still live a good life if one has the backing, not talking pensions, and yes the cost of food is up their if you like your imports, i.e. pretty much the same as back home, but labor costs, housing materials, electricity, water, and the like are cheap, so it depends on what you want in life, i.e. to own a shack in a western country and put down at least a million $'s to buy it, but we all know it's way more than that or use those funds to build a place here for 1/10th of that and maintain the same existence as you did when you lived back in your home country.
Thailand is not perfect, but where is, when I talk to guys thinking of retiring here, they can't believe what it costs me to live here, albeit it they constantly complain of how expensive it is back home and how they have to keep working to just survive, with my reply being, how much is enough and what do you want out of life, because at the end of the day, it's only time, the rest is nothing, so if you want to work 5/7th of your life to exists to watch your asset grow, but have to work to continue to repay the bank loan, the car loan and the rest, then keep doing what your doing, for me, I have enough here to last me till I'm 101, but I don't just sit and live off of my money, I look for investment opportunities without breaking a sweat so as to minimise my out of pocket expenses, with this year being the worst as it's cost me around 4,500 baht a month to live here after income from investments earned......I know, it's bad, but hey could be worse ????
I think if people have money, Thailand is a perfect place to retire and ones home country can be a holiday destination every year or two if one has family there, otherwise the world can be anyone's oyster.
Looking forward to retirement I looked at Mexico, Ecuador, Panama, the Philippines and Thailand. For medical care concerns, security, cost of living and ... OK, I am more attracted to the Asian female look, I decided on Thailand. I figured if I stayed in the US, my future would be in a rusting trailer in Florida or Arizona. Here I am able to live a working middle class retirement on my $2400.00 USD a month ($1320 of that from SS). The plan allows me to carry-on with neither running out of funds nor do I need to dip into capital. I do confess to spending too much for the western food. It appears the 3 of us enjoy the living standard and I certainly enjoy being taken care of by my Thai wife (26 years my junior ... hold on, remember I am ancient)..
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On 9/1/2021 at 12:38 PM, Badrabbit said:
I've used 3 hospitals does that mean I have to get records from all 3?
I think the only pertinent records would be ones that issued a Medical Certificate for one of the “underlying conditions”.
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No mind change. I was just wanting Pfizer or Moderna. The USA donation to the Kingdom of Thailand (plus other countries) made the Pfizer vaccine available here … and for free so I received my first shot yesterday and the second is scheduled for September 22.
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8 hours ago, Somtamnication said:
I am glad it will include a new vaccination center for its citizens.
No way for the US State Department to establish a policy of providing Americans medical care outside US territory. True, US fully retired military can get medical care reimbursement all around the world through Tricare … unlike fully retired civilians on Medicare who have no equal support.
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On 8/29/2021 at 1:06 PM, Chomper Higgot said:
Concur … for what that is worth. Each person’s chemistry varies somewhat so reactions can vary. Let you know if I survive my first shot of Pfizer in two days.
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Do keep in mind that Americans, at least, are known to have short attention spans. Thus, “fatigue” from thinking starts setting in after about 15 minutes. Ha! Now try teaching Western Civ. To 18 year old Americans … you will learn patience or seek another line of work … IMHE (experience of 41 years).
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On 8/29/2021 at 12:24 AM, RichardColeman said:I met my school teacher, 'normal' wife on-line on Thaifriendly. I met and married her within 4 weeks, happy married with one kiddie now for 6 years. Never asked me for anything other than our family living expenses. Best, considerate and kindest person I ever met.
I agree that the use of meeting someone online can be positive. Yes, it can also be bad for either a western Farang or a Thai girl. I would never have met Da as I was retired in Chiang Mai and she had a hair salon in Bangkok. Add to the reality that I speak only a few words of Thai and she spoke only a very few words of English. Her gf encouraged her to put a profile on Badoo and, as might be expected the swarm was wanting naked photos. Ha! A benefit for me as I did not approach in that manner. I flew down to Bangkok where a Thai female friend of mine from CM agreed to join us for dinner and help translate. That was four years ago and we married here in CM in April this year. The best girl I have ever had in my life. She, I and her 16 year old Daughter seem to be very happy as a family. One might be tempted to shake their head at the 26 year difference in our ages but … keep in mind I am 74 (and getting younger every year in Thailand with my Thai girl!).
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On 8/28/2021 at 11:24 PM, TC17 said:
I think there are three issues here.
1) In this culture, the woman expects the man to support them and their family. In return, you will be cared for in old age. 2) Buddhism very much encourages you to live in the moment. The now is whatatters most. The dwelling on the past leads to depression and dwelling on the future leads to anxiety.
3) What brings you here, brings thousands of guys here. So your competition is fierce.
Good observation.
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3 hours ago, wwest5829 said:
Thanks for thinking of me. Yes, I see September 1 & 2. I supposedly have a “priority” appointment but could just be another way-in.
It has also been announced that Promenada Mall will be taking walk-ins for Pfizer relieving some pressure from McCormick.
for retirement visa NON – O-A based on income need to deposit 65k THB in Thai bank monthly ?
in Thai Visas, Residency, and Work Permits
Posted
Up to the individual, but I have used the monthly income method since retiring to Thailand in 2011. My funds are earning income with investments in the US rather than “parking” 800k in a Thai bank.