Thai Baht is ruining my retirement

[Jerry777]

How can I plan a dam thing when the currency here is completely out of control?

[kwak250]

First rule in Thailand is don't try to plan anything regarding currency .

[Jerry777]

1 minute ago, kwak250 said:

First rule in Thailand is don't try to plan anything regarding currency .

You are correct

[Isaan sailor]

No worries, Bank of Thailand assures us they will watch the Baht rise, and take appropriate action if necessary. They will probably reduce interest rates 1/4%.  That should pump up western currencies but only a few Satang.

[OneMoreFarang]

11 minutes ago, Jerry777 said:

How can I plan a dam thing when the currency here is completely out of control?

It's easy.

Have your income and all expenses in the same currency.

Problem solved.

[advancebooking]

Buy bitcoin and Ethereum. Hold it on a trezor wallet for 5 yrs. You will then not worry about a 3rd world asian peso currency. you will be rich. 

[Jerry777]

19 minutes ago, advancebooking said:

Buy bitcoin and Ethereum. Hold it on a trezor wallet for 5 yrs. You will then not worry about a 3rd world asian peso currency. you will be rich. 

 

19 minutes ago, advancebooking said:

Buy bitcoin and Ethereum. Hold it on a trezor wallet for 5 yrs. You will then not worry about a 3rd world asian peso currency. you will be rich. 

Probably a good idea

[mstevens]

5 hours ago, Jerry777 said:

How can I plan a dam thing when the currency here is completely out of control?

 

The current strength of the Thai baht is a reminder that our retirement nest egg may need to be significantly larger than we think.

 

My goal is to retire with enough funds to generate the equivalent of 100,000 baht / month to live on in retirement. However, I am increasingly of the mind that I will probably need to add 20 - 25% on top of that "to be safe".

 

Unfortunately, that means a good few more years work before I retire.