Retiring in Thailand has actually been my dream for many, years. My dream will come true in about 2 years and I am making some severe plans now. I can be anal when planning and there are numerous factors to consider when preparing for the final chapter in your life. I intend to plan everything down to the nitty-gritty details.
Let me beginning this by saying that I have been going to Thailand for the past 35 years. I have served there as a soldier and visited many times on getaway. I enjoy individuals, food, customizeds and culture and strategy to endure my life there.
I have been doing my research checking out my monetary status and just how much I will be getting when I struck retirement age. My circumstance is uncommon in that I will get a little pension from my current government job, extra fund from a military retirement in about 4 1/2 years, and even more from social security in about 6 years. I also have a 401K and a federal government equivalent (Thrift Savings Strategy) and will likewise profit from selling my home when I retire.
So, money is no problem. I prepare to buy a home in Thailand. Well, actually, rent a house given that immigrants can not legally own land. I do not wish to put the building in my woman’s name due to the fact that she could possibly offer it and I would have no recourse. There is also a little loophole permitting immigrants to incorporate themselves and rent the building back. I do not trust this one and worry about laws altering and having my building taken out from under me. I will go with the lease or something called a usufruct.
The usufruct I don’t completely comprehend but I will be meeting with an English speaking lawyer during my trip in March, 2008 and will get all the details. All I know is that it resembles the lease however has some advantages. I have gotten some email responses but choose the face to deal with explanations.
I have had my woman looking for properties so that throughout my next 3week trip I will only need to invest a short quantity of time looking. Up until now, I have actually seen some images of great properties for about $50,000 USD. This is for a 3-bedroom, 2 bath, 2-story location. Will be nice to see them in person and then make my “purchase”.
The monthly pension/retirement checks will quickly take care of my day-to-day needs. Food and drink are inexpensive as are the utilities for your home. I will be able to have a/c and a dish antenna to get English speaking programs together with the Thai TELEVISION shows.
Shopping is dirt inexpensive so clothes and other daily items will not be a concern. Heading out will be really enjoyable as a night on the town with supper, beverages and heading out to a club will be less than fifty dollars– which is living huge.
Medical strategies are readily available and care is comparable to United States or European requirements– maybe even higher. Prescription drugs can be had over the counter and medical treatment is 2nd to none.
Remaining in Thailand legitimately has actually gotten easier with the loosening of visa requirements. Immigrants can now get one year visas that are easily eco-friendly. All you need to do is examine in every 3 months. Thailand likes expats’ money although we cannot own land.
Retiring in Thailand will make my life much easier than retiring in Hawaii– even if my condo is spent for. The cost of living, the mindset of the Thai people, and the food and culture has me counting the days till April 4th, 2010.