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A stable place (with nice weather) where I can take my 1st world retirement income and stretch those dollars to the max. S.E Asia and some Latin American countries come to mind.
It'd be nice to have at least two retirement spots I can divide my time between. Maybe I could spend summers in Croatia or Montenegro and winters in Vietnam/Thailand or the Caribbean. That's after I win the lottery though.
If I could just import a few friendly British people and a nice pub to where I live now and have more trains running to the city then where I live now would probably be my ideal. Also a Lidl.
I used to think my ideal place to live would be somewhere quiet in the countryside until I actually did move to somewhere quiet in the countryside and got fed up after half a year. I need to be around people.
It'd be nice to have at least two retirement spots I can divide my time between. Maybe I could spend summers in Croatia or Montenegro and winters in Vietnam/Thailand or the Caribbean. That's after I win the lottery though.
Dollars can really stretch in places like Thailand.. With patience and some low to medium risk investments a retirement in such a place doesn't require a lottery win!
A stable place (with nice weather) where I can take my 1st world retirement income and stretch those dollars to the max. S.E Asia and some Latin American countries come to mind.
But you need to consider the ease or difficulty of obtaining a retirement visa. Thailand is pretty easy. Malaysia's My Second Home program wants about $50,000 US in a local bank if you're over 50. Indonesia is a nice place, but it has a long list of requirements including health insurance and the obligation to hire a maid. I had to scratch Indonesia off my list as I deem the requirements too onerous. Or you could just keep moving around.
But you need to consider the ease or difficulty of obtaining a retirement visa. Thailand is pretty easy. Malaysia's My Second Home program wants about $50,000 US in a local bank if you're over 50. Indonesia is a nice place, but it has a long list of requirements including health insurance and the obligation to hire a maid. I had to scratch Indonesia off my list as I deem the requirements too onerous. Or you could just keep moving around.
50K USD isn't a lot to retire off of. I have way more than that and I'm only 37.. Its probably even less in Thailand but yeah - I wouldn't be headed off for retirement in any place without a minimum of a few 100K. What's wrong with Thailand? It could be your main based if you will and then occasionally take extended tourist trips to so many S.E Asian countries... I love Air Asia lol
50K USD isn't a lot to retire off of. I have way more than that and I'm only 37.. Its probably even less in Thailand but yeah - I wouldn't be headed off for retirement in any place without a minimum of a few 100K. What's wrong with Thailand? It could be your main based if you will and then occasionally take extended tourist trips to so many S.E Asian countries... I love Air Asia lol
Re: Malaysia, 50K is not the amount you'll be retiring off of. That is the amount you must have in a local bank to get their retirement visa. If you spend any of that during the year, you will have to replenish it before they will renew the visa (annually).
Nothing at all wrong with Thailand. I love the food, the beaches and the temples. (wink). Other guys I've known have different reasons for moving there.
Re: Malaysia, 50K is not the amount you'll be retiring off of. That is the amount you must have in a local bank to get their retirement visa. If you spend any of that during the year, you will have to replenish it before they will renew the visa (annually).
Nothing at all wrong with Thailand. I love the food, the beaches and the temples. (wink). Other guys I've known have different reasons for moving there.
Oh I see... Honestly I think the Malaysian government is doing the right thing to be honest! Its not hard to accumulate a few hundred thousand dollars for retirement in a lifetime but you should always have that 50K in the bank account as a reserve.
I do think in Thailand though you only have to prove a certain amount in the bank account and then that's it yer done... I could be wrong i'm still a ways away from retiring... Honestly, I think i'd split my time between home (Toronto) and Thailand if I have my way so Yeah Thailand would probably be my number 1 pick.. as for the guys and their other reasons... well who can blame them
I used to think my ideal place to live would be somewhere quiet in the countryside until I actually did move to somewhere quiet in the countryside and got fed up after half a year. I need to be around people.
Yeah, strolling around your metropolis on a Friday night sure feels like you're around people. Maybe 4 drunks in the bar and 1 at the local kebab joint............
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