Retiring in Thailand was my dream for many, many years. My dream will come true in about 2 years and I'm doing some serious plans now. Can be anal when planning and many considerations when planning for the final chapter of his life. I intend to plan everything down to the smallest details.
Let me start by saying that I have going to Thailand for the past 35 years. I served as a soldier and visited numerous times on vacation. I love people, food, customs and culture and background live my life there.
I have been doing my homework check my financial situation and how much I'll be getting when I hit the age of retirement. My situation is unusual in that I will get a small pension from my current job, Government military withdrawal an additional fund in years and a half approximately 4 and even more social security in about 6 years. I also have a 401K and an equivalent Government (Thrift Savings Plan) and will also profit from the sale of my house when I retire.
Therefore, money is no problem. I plan to buy a house in Thailand. Well, actually, rent a House from which foreigners legally cannot own land. I don't want to put the property on behalf of my girl because she potentially could sell it and I wouldn't have any resources. There is also a small loophole allowing foreigners to enter and rent the property back. I don't trust a present and worry about changing laws and having my property removed under me. I will go with the leasing or something called a usufruct.
The enjoyment not fully understand, but will meet with a lawyer speaking English during my trip in March 2008 and get all the details. All I know is that it is similar to rent but has some advantages. We had some email replies, but I prefer the explanations of face to face.
I had my little girl looking for properties to that during my next week 3 holiday I only have to spend in a short space of time looking. So far, I have seen some pictures of Nice properties for about $ 50,000 USD. This is for a 3 bedroom, 2 bath, 2 storey's place. It'll be nice to see them in person and then make my "buy".
Pension/retirement checks monthly will easily take care of my daily needs. Food and drinks are cheap as utilities for the home. Will I be able to have air conditioning and a satellite dish to receive English language programs along with Thai TV programmes.
Shopping is dirt cheap for clothes and other daily items will not be a burden. Going out it will be very nice as a night on the town with dinner, drinks and go out to a Club will be less than fifty dollars – and who is living large.
Medical care plans are available and are comparable to the standards of the United States or European – perhaps even bigger. Medications can be taken over the counter and medical treatment is unsurpassed.
Staying in Thailand legally became easier with the relaxation of visa requirements. Foreigners can now obtain visas a year that are easily renewable. All you have to do is check each 3 months. Thailand likes money from expats, although we cannot own land.
Retiring in Thailand will make my life much easier than retiring in Hawaii – even if my condominium is paid. The cost of living, the attitude of the Thai people and the food and culture has me counting the days until April 4, 2010.
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