Wrong. Only fools spend their retirement years printing bank books, going to banks for bank letter, filling up forms, asking moronic question in this forum about document requirements, making copies and taking pics running around in scorching heat, waiting in immigration lines for hours and kowtowing to IOs if they demand something else and repeat the process, and then keep their 800K tied up in a low interest paying banks and all these for claiming their biggest achievement in life of getting a retirement visa. OMG, what a scene these old proud retirees printing their bank books every month in front of bank machines.
In contrast, a wise person uses an agent and handover his passport and 15K to an agent and sit in the beach drinking pinna colada while his 800K is earning at least 5% interest in a high yield investment back home. The 40K he gets pays for his pina colada and and his agent fees and also it helps agent families and IOs who are unfortunate not be born in a Western country.