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  1. #176
    The Fool on the Hill bowie's Avatar
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    Quote Originally Posted by JPPR2 View Post
    People get all wrapped around the axle on med costs and insurance, especially Americans.
    Yup, but, justifiably so...

    This is the real reason most Americans file for bankruptcy
    Published Feb 11, 2019

    A new study from academic researchers found that 66.5 percent of all bankruptcies were tied to medical issues —either because of high costs for care or time out of work. An estimated 530,000 families turn to bankruptcy each year because of medical issues and bills, the research found.


    Basically - don't get sick. Now, if you have any assets you must protect them by carrying insurance.

  2. #177
    R.I.P. Luigi's Avatar
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    Quote Originally Posted by bowie View Post
    Basically - don't get sick.
    Really quite astounding that the US doesn't have a national health service that provides free health care to its citizens.


    Given how many trillions they spend trying to scare the bejaysus out of other nations with their military.

  3. #178
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    Quote Originally Posted by Luigi View Post
    Really quite astounding that the US doesn't have a national health service
    ...agree: though we have pieces of national health care (medicare, medicaid, Obamacare, etc)...insurance companies have done as good a job as gun manufacturers when it comes to propagating a wall of fear...

  4. #179
    The Fool on the Hill bowie's Avatar
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    Quote Originally Posted by Luigi View Post
    have a national health service that provides free health care
    No money in it... going off topic, but...

    The USA medical/pharmaceutical/healthcare system is one manufactured/engineered/fine-tuned machine to empty pockets.

    The US government not only enables it, it supports it. Healthcare lobbyist "soft money" greases ALL the important wheels so the system will take decades to evolve into a socialized medical system. Eventually we (the USA) will have a "medicare for all" system. But, the insurance companies will fight it tooth and nail with lobbyist money.

    "free health care" - doubt I'll see it in my lifetime.

  5. #180
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    Quote Originally Posted by bowie View Post
    doubt I'll see it in my lifetime
    ...not if you're over 10...

  6. #181
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    Quote Originally Posted by bowie View Post
    No money in it... going off topic, but...

    The USA medical/pharmaceutical/healthcare system is one manufactured/engineered/fine-tuned machine to empty pockets.

    The US government not only enables it, it supports it. Healthcare lobbyist "soft money" greases ALL the important wheels so the system will take decades to evolve into a socialized medical system. Eventually we (the USA) will have a "medicare for all" system. But, the insurance companies will fight it tooth and nail with lobbyist money.

    "free health care" - doubt I'll see it in my lifetime.
    Basically, declared war on their own population.

  7. #182
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    Quote Originally Posted by kmart View Post
    Basically, allowed and encouraged by politicians to declare war on their own population
    ...ftfy...

  8. #183
    Thailand Expat David48atTD's Avatar
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    Quote Originally Posted by tomcat View Post
    ...as well as contribute scintillating restaurant reviews to a local forum...
    I only read them for the fashion tips

  9. #184
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    So I need to head to the dunes or hope I drop dead early 70s. A cheerful life!

  10. #185
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    Quote Originally Posted by Mandaloopy View Post
    So I need to head to the dunes or hope I drop dead early 70s
    ...fortunately, those aren't your only options: consider prostitution...

  11. #186
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    Quote Originally Posted by tomcat View Post
    ...Legal=USD60 monthly? why?...
    Bribes for the BIB immigration etc?

  12. #187
    CCBW JPPR2's Avatar
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    Quote Originally Posted by tomcat View Post
    ...agree: though we have pieces of national health care (medicare, medicaid, Obamacare, etc)...insurance companies have done as good a job as gun manufacturers when it comes to propagating a wall of fear...
    Yep. Americans are constantly bombarded with med commercials to instill fear of a new disease and amazingly the Pharmaceutical company just happens to have the med for it.

    Back to the OP, Excluding the unknowns, one can live a very comfortable life here for $2000 (~60k baht) - $2500 ( ~ 75k baht). Of course everyone's expectations will vary.

  13. #188
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    Let's say I retire at around 65. How long should I pencil in for being "alive"? This is fecking morbid, but something that obviously requires thought and planning. I rather like being alive, no major complaints.

  14. #189
    The Fool on the Hill bowie's Avatar
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    Quote Originally Posted by Mandaloopy View Post
    Let's say I retire at around 65. How long should I pencil in for being "alive"?
    Twenty plus years

    But, 'tis very simple really. Live within you means. No frivolous spending, put 10% of your salary away for your retirement.
    As you "age" your earnings should increase, as soon as you can do so comfortably increase your retirement savings to 15%

    At some point in time your ability to earn will end. Nobody knows when that'll be. So, start saving now. At that point in time you will be forced to live off of your accumulated savings.

    Nobody knows what tomorrow will bring.

    https://www.fool.com/retirement/2018...etirement.aspx
    In fact, a good 60% of workers are forced into early retirement, according to data from Voya Financial, and the reasons run the gamut from job loss to personal health issue.
    Last edited by bowie; 29-08-2019 at 08:58 PM.

  15. #190
    The Fool on the Hill bowie's Avatar
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    Quote Originally Posted by JPPR2 View Post
    Back to the OP, Excluding the unknowns, one can live a very comfortable life here for $2000 (~60k baht) - $2500 ( ~ 75k baht). Of course everyone's expectations will vary.
    Correct. Quite an adequate amount. Many folk live on less and some folk on much less. Some 'cause it suits them and many by necessity.

  16. #191
    ความรู้ลึกลับ HuangLao's Avatar
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    Quote Originally Posted by tomcat View Post
    ...I was able to retire because tax-free sand dollars were deposited into a tax-free (before withdrawals) retirement account: now, I edit PhD dissertations, master's theses and sundry other documents to pass the time...as well as contribute scintillating restaurant reviews to a local forum...

    Scholarly and academic research and editing is where it's at, TC.
    Comfortable wealth.


  17. #192
    The Fool on the Hill bowie's Avatar
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    Quote Originally Posted by beerlaodrinker View Post
    Bribes for the BIB immigration etc?
    Never ran into that problem - when I have seen them "fishing" I tend to ignore. Then the job does get done. Maybe I'm lucky and maybe I'm no nonsense.

    But, I have always been in compliance.

  18. #193
    ความรู้ลึกลับ HuangLao's Avatar
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    Quote Originally Posted by beerlaodrinker View Post
    Bribes for the BIB immigration etc?

    Local and wise contacts.

  19. #194
    The Fool on the Hill bowie's Avatar
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    Just a comment on "legalities" and Attorneys. Attorneys are consultants. They are highly trained specialists in a countries laws. They advise you of the specifics of a countries laws. They cannot change the laws.

    Every country has its own laws. I have assets in the USA and I have assets in Thailand. I have family in America and I have family in Thailand. Have licensed Attorneys in America and I have licensed Attorneys in Thailand. I have complete sets of legal documents in America and in Thailand (translated copies of all). My Thai Attorneys, my American Attorneys and my Brokerage Firm ALL have copies of ALL my legal documents (translated and original language) from both countries.

    It cost a reasonable amount of money, and, time to provide the complete package. But, now it's done. When I, or any member of my family dies, the preparations have all been made, the instructions are legally recorded, in writing, and can only be changed "in writing".

    The peace of mind is there. I have done everything I can think of to prepare for the inevitable. Well worth the price.

  20. #195
    ความรู้ลึกลับ HuangLao's Avatar
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    Peace of mind.
    Legally.

    Contradictory.

  21. #196
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    Quote Originally Posted by HuangLao View Post
    Peace of mind.
    Legally.

    Contradictory.
    Could you please FOJ? Seriously, there's a time and place and I'm sure you've already impressed all of us with your deep insights.

  22. #197
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    Quote Originally Posted by HuangLao View Post
    Peace of mind.
    Legally.

    Contradictory.
    Could you please FOJ? Seriously, there's a time and place and I'm sure you've already impressed all of us with your deep insights. Why not try to post as yourself, rather than a Obs wanna be copy?

  23. #198
    Hangin' Around cyrille's Avatar
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    I third that!

  24. #199
    Head Skivvie Stacker Storekeeper's Avatar
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    Quote Originally Posted by bowie View Post
    American 62yo Thai wife 57yo - Nonthaburi, own house in gated Moo Baan.

    Retirement Budget: THB 90k/mo THB 1M/annum.
    Retired to Thailand in 2007 and was spending roughly 75,000 baht a month up until the time we left in 2010. That figure included 14K a month truck payment and 14K a month mortgage. School for my step-daughter was around 60K a year just for tuition. Also had a step-son attending school at a much cheaper Thai school. We didn’t get out and about too much. But we ate real good, could afford new clothes and ate out at least twice a week. Nothing fancy mind you. The local KISS restaurant was a treat ... 555!

    Targeting a return in June 2022 shortly after I turn 60. No responsibilities other than the wife and I. Planning to rent the first year while the house is renovated. Plenty of acceptable options in the 20K a month range. Kinda like the Chaiyapruek area of Jomtien.

    After we get back into the house we’ll be going with the Bowie Budget. But, IMHO as long as we have no rent or car payments ... 65K a month should be close to the figure we need to live the lifestyle we desire. Hoping to get into a bowling league once a week and an 8 ball league once a week. Might have to add another 5-10K for those activities.

    Will not have private health insurance. Will keep about a million baht in reserve plus the same on a credit card for any major medical expenses and get reimbursed at 80% from retired military health insurance.

  25. #200
    R.I.P. Luigi's Avatar
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    Quote Originally Posted by Mandaloopy View Post
    Let's say I retire at around 65. How long should I pencil in for being "alive"? This is fecking morbid, but something that obviously requires thought and planning. I rather like being alive, no major complaints.
    Aren't you in your 30's with a UK property?

    Use it to get another.

    In 30 years you should have 3 or 4.

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