Top 10 reasons to retire in Thailand in 2023

mokwit · April 18, 2023

1 hour ago, bkk6060 said:

Retirement rules have changed" rhetoric. Have they really?

Keeping money in the bank year 'round or proving 65k every month from overseas.

TM30. You are now dependent on a third party for documentation required for an extension. They should not be refusing your extension if a TM30 has not been filed, they should be going after the non filing Landlord.

Edited April 18, 2023 by mokwit

jacko45k · April 18, 2023

16 minutes ago, mokwit said:

Was 200k->400k->800k. Existing extensions were grandfathered. The recent requirement to keep Bt400k year 'round was not. This is a disturbing precedent, especially when Bt3m sees to be their new figure for LT stayer visas. A jump from 800k to 3m without grandfathering does seem too much of a jump, but who knows, they seem to be little concerned with the consequences of their actions.

I don't expect the country needs to be in the game of supplying cheap retirement options to foreigners like it used to. The requirements to retain money came into being as so many were faking the 800k at that time, along with Stat Decs and Affidavits. I just find it easier to leave 800k in a FD account untouched....and hence all that has no impact on me. Once upon a time they liked to see 'movement' on the account to prove you were living off it and not working here!

spidermike007 · April 18, 2023

I agree with 1 and 2. Disagree with 3. The highways are utterly choked. Unless you fly, it is not easy to get around here. Thailand desperately needs transportation alternatives, and regional airports like Hua Hin should be built up and utilized more, in addition to more high speed ferries and rail like in Europe.

I suppose if I had unlimited finances, I would probably only spend 2 months of the year here. I despise the government and immigration here, and it does feel like the nation is moving backwards. But, considering the fact that I do not have a fortune, I will stay. There are many issues to consider. Going back to the US is not an option. I would not want to live there now, unless I was being paid over a million dollars a year, and then I would only do it for 3 years, and then leave. For me, it is about quality of life, and my level of fulfillment on a daily basis, which I seem to have here in abundance. A big factor here, is the relatively light hearted attitude of the people. You just do not find that in the US, where most seem bitter, disenchanted, unfulfilled, and heavy hearted.

This is an entirely subjective topic, of course. But some of us live very good lives here. Some of us have been fortunate enough to find an outstanding woman, who is delightful to be around, on a daily basis, always has our back, and is fun, smart, and lovely. For me, that likelihood of finding that back in the US, would be very low. So, that is a big factor for me. The second factor is just the quality of life. Sure, I miss alot of the culture back home. The theatre, independent film (which I can download here with no issues at all, and a super fast 1000 mb fiber optic connection, at under 700 baht per month!), stand up comedy, live jazz, etc. But I have a lovely home that I rent, for about 10% of what I would pay in California, I live very well on an income which is not huge, have access to great health care, at a tiny fraction of what it costs in the US, and do not have to put up with alot of the aggravation that I had to when I lived back there.

I used to have more issues than I do now. I worked on my attitude, which was getting in the way of appreciating Thailand for what it is, and was clouding my experience here. Used to stress over stupid stuff, as you can see from some of my past posts. Used to allow the politics to make me angry. Now it is not something I take seriously, just something I comment on, without anger or an emotional investment. Now, I just tend to laugh it off. Spent some real time back in the US recently, and it allowed some clarity and perspective, that I am very grateful for. Now, I just chuckle at most of the nonsense. Water off a duck's back, so to speak.

Inflation in the US.

I am in the US right now, and the prices and inflation are mind blowing. The cheapest lunch we have found was $30 for two. For 2 sandwiches. That is 1,000 baht, anytime you want something basic. A bag of groceries is 3,000 baht.

A friend of mine is looking for an apartment to move to in LA, and really small, simple places are 70,000 baht per month. Nice two bedrooms are closer to 100,000 baht. Decent homes start at 125,000 baht per month. The cost of nearly everything has gone up dramatically. Runaway inflation? I would peg real inflation in the US at 22%.

Thailand is still reasonable. It used to be cheap. Has not been cheap for a long time. But, it is still reasonable. I know people who pay 10,000 baht a month for newer 3 bedroom houses in nice towns. In major cities in the US? $3000 to 4500 a month. That is 140,000 baht!

A newly upholstered motorbike seat recently redone on my scooter. 400 baht. A friend of mine had similar work done in the US. $275.

I recently had a guy come over and insulate my ceiling. I bought the insulation and paid him 2000 baht for labor. In the US? $500 and up.

I recently had an electrician do some work on the house. Nearly a full day of work. Paid him 1000 baht. In the US? $500 and up.

An oil change for my scooter costs me 200 baht, with Castrol oil. In the US? $75.

When I travel here I stay in nice four star hotels in Bangkok. Usually 1800 to 2500 baht. In the US? $150 for a crappy motel. $200 to $300 and up for a nice room.

I eat well here. In a smaller town you can get a three course meal for 150-250 baht. In the US? 2000 baht and up, plus tax and a nearly mandatory 15% tip.

I order from FoodPanda alot. In a smaller town it is 250 baht for 3 dishes, including delivery. In the US it is $40 for 2 dishes, plus $19 in delivery frees and taxes. That is stupid.

I visit the emergency room here to visit a specialist, and with x-rays I am out the door for 2000 baht, at a private hospital. In the US? $300 at a clinic and $2000 and up at a hospital, if you don't have health insurance. An anecdote on this subject. A good friend of mine got in a bad motorcycle accident some time ago. He almost lost his leg. He got his first of 11 operations at Bangkok Hospital Samui. It costs him over a million baht. They wanted to do a second procedure. They quoted him 1,400,000 baht. He decided to transfer to Bangkok. He was quoted 460,000 baht for the same procedure, at a top private hospital there. The surgeon told him that he worked at a public hospital too, and could do the same operation there, for alot less money. He told him he would get him a quote. In the interim, my friend called a good friend of his, in San Diego, who is an orthopedic surgeon. Since my friend is a retired chiropractor, he knew all the terminology, and explained what he needed, and asked for the best price. His friend called him back the next day, and quoted him $960,000, with cash discounts! The local surgeon here got back to him, and told him he could do it for 46,000 baht. He transferred, and they did all the rest of his procedures. So, 1,400,000 at Bangkok Hospital, 460,000 at Vejthani Hospital, and 46,000 at the public hospital, with an excellent surgeon. VS. 31,000,000 baht in the US. Again, no complaints from this peanut gallery.

Friends of mine, who are single, enjoy the company of a young, beautiful woman for a couple of hours, for 2500 baht. In the US? $800 an hour now for a beauty, with alot of attitude.

I could go on and on, all day long. I live at a level here, that I would never be able to live at, in the US, in most of Europe, in Oz, or Canada. Yes, the higher baht is an annoyance. And yes things are more expensive than they used to be. But, it is very relative.

spidermike007 · April 18, 2023