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BANGKOK 22 January 2019 17:41


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About gk10002000

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  1. Actually after my first trip to Thailand in 2004 I almost bought a condo as I was sure I would be returning frequently. I have since made 14 trips to the Kingdom. In 2004, the condo prices were reasonable, the USD was at about 43 baht to the USD, so the exchange rate was decent. But over time, I got busy, rarely spent more than 30 days each year in the country. I have been quite content not having to worry about a unit, the noisy neighbors. water and other utility problems, Nazi like condo associations, some of which I have experienced in the USA, etc. So I'll pass on the condo. Long term rental is all that's on my mind. Heck, I just turned down some decent housing deals in Melbourne, Florida where I was working because I am pretty sure I would prefer not to retire right in that local area. So, the running joke with me and my friends is I am the homeless millionaire. Renting has worked OK for me over the years. And later this year I am eligible for social security, so I pretty much got retirement comfort taken care of. Still working through the end of this year, now in San Diego area, and if the company makes the job a little fun, I will stay a while. I get a month off every year, and can take another month out of work without pay, so for a year or two, that's probably what I will do. Life is OK
  2. I am not sure that is legal tender any more or allowed to be circulated. It has other numismatic value and a coin shop or antiquities dealer may be interested in it
  3. You are entitled to your opinion. I prefer to operate the way I do and put and move my money where I want, and in the ways I want. I have seen enough issues with foreigners losing assets, being held "hostage" and for ransom over trumped up charges, unknown "clerical errors", etc. I have made it to 61 years of age by navigating the waters my way. In addition, the nature of my job and security clearances, and reporting, things are much simpler and easier if I minimize my exposure and involvement in anything outside the USA. And since I plan to continue contracting on an ad hoc part time or temporary basis, keeping my foreign involvements simple or non-existtent makes things very easy for me
  4. My reasons for not depositing are: Because I like my money invested where it is earning an average of 6%. That's the main reason. The second reason is I don't trust Thailand banks or organizations any more than I have to and do not want to put any sizable amount of assets in the country. Another reason is putting 800k baht in Thailand then requires me to file paper with the US for having more than 10,000 USD in a foreign account. I just prefer to not tell the USA anything more than required. I file my taxes, Etrade automatically sends them the required brokerage statements, sales, etc. And yes your math is correct. As a senior engineer that worked many years as a contractor, single no blood sucking ex wife, I took pretty good care of finances outside of work, and some years really did save close to 100K a year. My portfolio is just over one million. For those interested, here is a summary of my holdings in my IRA and brokerage accounts, not counting my company 401k that is in a simple short term bond fund: NLY, T, PRHYX, NEA, PGX, PRHYX, PRFXF, and a handful of individual Municipal bonds. The tax free municipal bonds are in my regular brokerage account and are tax free. The other funds are mixed between my Traditional and ROTH IRA accounts. Yes I have been considering the simplicity and relative ease of the Elite Visa, but since I plan to only spend about 1/2 of each year actually in Thailand, the cost/benefit of the Elite Visa is less appealing and not the best buy.
  5. And I would be happy to provide such proof, although without any guidelines or examples of what they would want to see, I can see nothing but problems. I have stocks, bonds, funds, etc. that pay me over $60,000 USD each year. Said monies are in various IRA accounts, Roth and Traditional, and my regular Brokerage account. Each account has records I could print out of past incomes generated as well as Etrade has an extremely simple and accurate income estimator tool that simply applies the past historical dividend and interest data and shows what the estimate would be for the next year. Would Thais understand that? Probably not. Would they want a letter from Etrade certifying my current holdings? Etrade has told me they would generate that and simply reference the current holdings I have. I would gladly supply the Thais with the list of equities, my account holding records, etc. But I would not be surprised that the Thais would then say, "fine, but what if you sell every thing... then you have no income". Well, technically that is possible, just as some private pensions go bankrupt, people sell their rental properties, etc. My main point is, that the so called corroboration, documents are open season and no guidance is available that I'm aware of.
  6. Yes a waste of time and money and costs for months when somebody may not even be in Thailand, say traveling home for a while before going back to Thailand.
  7. Foreign I mean a Thai bank account. While that may make it easy for Thai officials, it brings up issues for some people that now have to open up Thai accounts. One example is reporting foreign contacts, businesses, etc that has to be reported on security investigation forms. I have no particular desire, and previously no need to open a Thai bank account. yes there are some valid reasons besides this new immigration effort, but opening such account was never required before
  8. you can get the OA in the usa, but for future retirement extensions you have then deal with stuff in Thailand. It would be nice if one started with an OA visa while in their home country then all future extensions could be done just using the funds and methods in the home country. After all, if the VISA was good enough to begin with, then why can't things just be left alone.
  9. So the transfer records were important and necessary, but are they Sufficient? But what about people that don't have pensions? Will the transfers be enough "proof" or are they going to want some sort if indication of the source of those incomes, prior to them being transferred to Thailand, i.e. dividend and interest from stock and equity holdings, rental income, business royalties, or whatever?
  10. Booked with EVA many times in the past. EVA did not charge for changing return flights. I am a USA citizen and always used visa exempt entry method and usually extended my stay. About 1/2 the time I booked the original return flight past the initial 30 day visa exempt date, knowing or expecting I would likely stay another 25 days or so. In all cases I never had any issues or questions. A few times I had the return booked for say the original 28 days but then did an extension and once I got that I then changed my return flight to fit. Never had any issues or questions come up. I think as long as you book a round trip flight with a reputable airline they don't care much. They know that travel plans may change and holding a ticket that while may be for a shorter time span booking, as long as the ticket is valid for a longer period of time, all is well. For instance my EVA ticket was typically good for 90 or 180 days from the first usage. That is the important thing I think as it shows a valid return, albeit flex dates. Twice I booked an open return ticket that had no explicit return date, and again, no issues anywhere.
  11. Yes, why is Thailand making it so hard? Now seemingly forcing retirees and others to setup monthly transfers which do have costs. Forcing retirees to open foreign bank accounts.
  12. Looks and sounds dodgy. Work permit issue as others have suggested. I see fluff and puff