Why Move to Thailand – Second thoughts and an honest self-assesment
This is something we have been thinking of doing for years. But it is only natural to consider and reconsider what we are about to do. So why have we – my Thai wife of over 35 years and I – decided to make the move to Thailand?
Money: I think of myself as an average 62 year old retiree. I have sufficient income to live in the US – not wealthy, only a little above the average for US retirees. But I could qualify for a retirement visa (Thai bank statement showing 800,000 Baht deposit or proof of 65,000 Baht monthly income). And in Thailand, we would be considered upper middle class. Buying a car and renting or buying a house should be no problem. I believe we should have plenty remaining to live well (although the wife may try to prove me wrong).
Health: At age 62 and still in very good health, I figure at best to have about 10 more good years in me, followed by probably about 10 years of deterioration until death. In the US that would be a very grim reality. The health care system being so expensive (even with insurance), we could expect for the wife to have only her retirement income of less than $1500 per month remaining after my death. All of our savings would be eaten up by the system.
On the other hand, in Thailand they still have the tradition of family taking care of the elderly. This would especially be true for the “rich farang” uncle. Here in the US, a grim assisted living care facility can be expected to cost over $3000 per month. In Thailand, for a small fraction of that, we could get someone who really cares to stay in our home and help the wife wipe my wrinkled ass.
The Wife: The wife is used to working hard, but because I have been overly indulgent, she is also used to spending hard. This is a real concern of mine: that she, in her leisure, will have too much time on her hands for shopping. Hopefully she will adjust to a slower, less material country life.
But the matter of her health in 20 years is the real consideration. Having the support of her family and friends in her village would be most important and would probably make her old age much more enjoyable. On the other hand, she is an extremely nice and sociable person and has made many friends as I have dragged her around the world. She would succeed anywhere.
Family Considerations: We live near my mother now, and she has come to rely on us. If it wasn't for this, we probably would have moved back to Thailand years ago. My nearest siblings live nearly an hour's drive away, so before any move we need to clearly pass on the family responsibilities. They (four sisters) have been ducking their duties for years, so I do not feel like too much of a putz for leaning on them.
As for my kids, my daughter and grandson live 2500 miles away, so we only see them every couple of years now. My son, who's single, has been taking yearly vacations to Thailand, so he welcomes the thought of having a base to operate from while in country.
An Avocation: Keeping busy is a necessity. I am the kind of guy that likes to putz (the other meaning) around in the garden. We luckily sold our property a couple of years ago and moved into an apartment, so I am looking forward to being able to play the gentleman farmer in Thailand.