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onera1961

Agent Assisted Retirement Visa vs Thai Elite Visa

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As my days of O-A visa is coming to an end, I am thinking about using an Agent or outright buying an elite for 20-years. I mostly stay 6-month in Thailand, 3-month in Benidorm and 3-month in Las Vegas. I have plenty of catastrophic health insurance from United Health and an HSA master cards with approximately 500K BHT. This covers me world wide so I refuse to buy any Thai health insurance. 

As of now, retirement extensions don't require any health insurance but it requires deposting 800K in bank, time it. go through the hassle of renewing it, doing 90-day, TM 30 all other nonsense. Also one has to leave 400K for perpetuity. So, 400K is basically a sunk cost unless one intends to leave Thailand forever and get the money back. There may be a possibility of all retrirement extensions requring health insurance coverage as most countries demand. 

I don't think Elite will ever require to buy a health insurance as it is treated like a Tourist visa. So one million for a 20-year elite that can be invested in the USA to get at least 3% or even more. One million at 3% is 30K. I can also pay an agent 30K (often less) to get my retirement and not buy the elite. However, retirement has the possibility of requring insurance in the future and elite has possibility of price going down or in terms of dollars the possibility of Baht becoming stronger thus elite becming more expensive. 

What's the best solution in the near future. Buy an elite and get it done with for 20-years and forget about TM30, 90-day reporting etc. Buying an elite will put a dent of 6% in my wealth or continue with agent assisted  retirmenet visa without putting any money in the bank. I am incling towards agent assisted retirement visa for next year. 

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what if elite visa holders above 50 are told they need to buy health insurance? things are changing very quickly, the changes seem driven by money and xenophobia, maybe an element of racism, not by logic and evidence. the elite visa may be riskier than people think.

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If your goal is to avoid the hassle of TM30 & 90 Day check-ins you should clarify with TE.

I bought mine 20 years ago.  Lifetime, 1M BHT.

I have to do TM30 & 90 day check-ins.

The upside is from entering Immigration to getting into my car is 35 minutes.  Very fast today, but usually no more than 40 minutes in/out.

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With an elite visa you still have to do 90 day reports and your landlords still have to do TM30s

If you stay only half a year in Thailand the easiest way would probably be to get a METV. I don't see how any IO could assume that you work in Thailand with only 6 months per year in Thailand, so you should not have any problems being denied entry.

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33 minutes ago, uncleeagle said:

what if elite visa holders above 50 are told they need to buy health insurance?

As the OP points out it's a (glorified) tourist visa. So to be treated like the millions coming in each year. Which means major insurance requirements are unlikely.

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1 hour ago, onera1961 said:

doing 90-day, TM 30 all other nonsense

That never goes away no matter how you enter the country.

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1 hour ago, onera1961 said:

I am incling towards agent assisted retirement visa for next year. 

Per your analysis, which I agree with, agent-assisted retirement visa is the way to go.

 

Another point to keep in mind is that if the retirement visa option somehow proves cumbersome you can always go the Elite. But not the other way around once your money is sunk in the Elite.

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Why 90 day reports and TM30 are such a problem? 90 days can be done online and TM30 once a year or not at all if you don't sleep out of the province where you reside. 

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a small sunk cost is better then a big sunk cost,

with changing conditions its better to be ready to leave.

also i think for driving license 5 years ev may be an issue,

someone made a thread about the downsides with ev

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OP, pretty self indulgent post IMO. You often give well informed advice and comment on thaivisa. Your well informed to weigh up the options. Only needing to spend 6 month a year in los even makes it easier. 

Couple members suggest METV which is good advice. Heck you could even at other end of spectrum ve entry extend and 2 border bounce repeat = 6 months.

Why the drama.

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