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On 4/6/2021 at 8:04 AM, Scouse123 said:

Cambodia seems to be a lot better on import taxes on goods than Thailand regarding food and drink but Healthcare I would not trust.

 

You can live in Isaarn on 45,000 baht a month if you don't go silly. Bearing in mind half decent accommodation will be 10,000 baht a month.

45k is plenty if one doesn't drink alcohol, smoke tobacco products or rent girls by the night. Always assuming one has the 800,000 permanently saved and can afford medical insurance seperately from the 45,000.

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Not quite a pensioner (4 years to go).  I live in what some regard as an expensive town in Laos - Luang Prabang.  My 3 bedroom house by the Mekong river, plus private expat health insurance, 2 fast in

We own our own house and have no debts. Our living expense have averaged 50k Baht per month for the past three years and there's nothing we want for. We eat out around five or six times each week and

on 45,000 bht You could live like a king if your Kingdome was a sub-Saharan country , LOL .  . I am only kidding, you might be able to survive on that but to live like a king , not a chance. 

27 minutes ago, thaibeachlovers said:

45k is plenty if one doesn't drink alcohol, smoke tobacco products or rent girls by the night. Always assuming one has the 800,000 permanently saved and can afford medical insurance seperately from the 45,000.

I do all3 of those dont,s.What now? 

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On 4/6/2021 at 4:50 AM, CharlieH said:

Biggest single expense is the roof over your head.

If thats bought n paid for then yes 45k is do able. If you have to rent, then a big piece is gone before you start.

There are cheap places to rent @ 2000 a month, in the rural areas but I wouldnt want to live in one.

 

The govt guideline of 65k is about right for basic living standards I would say.

Depends entirely on your lifestyle.

Healthcare for me, it's a tough call

Spent almost 2m In the last 6 months.

 

I'm reasonably healthy now but worry about the future all the time now.

 

If I could get home, then I probably would, but I can't.

Wife's  father is in hospital so it's just not possible. 

You know, I had a blast the first ten years I was here   now I think I would have been better  off if I had stayed in Oxford England. 

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5 hours ago, Leaver said:

If one took the price of buying here and invested it in their home country, returning around a modest 6% in a fund, then you may find the money earned more than covers the monthly rent on the exact same property that one was considering buying.  

I make about 0.5% interest in the UK, would be interested in a 100% safe fund that paid 6%. 

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1 hour ago, BritManToo said:

I make about 0.5% interest in the UK, would be interested in a 100% safe fund that paid 6%. 

Of course nothing is safe!  I get 6% on my bank savings account in Laos - it's a French-Belgian bank.  AFAIK, no bank in Laos has ever gone bust, despite online fake news to the contrary.

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15 hours ago, ThaiPauly said:

Healthcare for me, it's a tough call

Spent almost 2m In the last 6 months.

 

I'm reasonably healthy now but worry about the future all the time now.

 

If I could get home, then I probably would, but I can't.

Wife's  father is in hospital so it's just not possible. 

You know, I had a blast the first ten years I was here   now I think I would have been better  off if I had stayed in Oxford England. 

 

Your thinking I believe is the same that many many expats have in later years in Thailand (and elsewhere)

I think the realization of true healthcare costs do weigh on a person....Also the benefits they could have had ++

 

Also your final sentence above is very true of many when the realization occurs that

they may have stayed at the party just a bit too long & could have used time better in prepping/setting up a bit elsewhere

 

Good Luck to you & I hope it all works out for you & yours

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14 hours ago, BritManToo said:

I make about 0.5% interest in the UK, would be interested in a 100% safe fund that paid 6%. 

 

As another member said, nothing is 100% safe, but a balanced and diversified fund can return about 6% with not too much risk.

 

If you prefer traditional banking and interest, I know a couple of guys in Vietnam getting 5% to 6% in a bank, which is common there.

 

Here's Vietnam's main bank offering 5.30% on a term deposit.  

 

  https://portal.vietcombank.com.vn/en-Us/Personal/IR/Pages/interest-rate.aspx?devicechannel=default

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I thought this thread was about "where do pensioners retire". Most posts are Thailand-related. NEVERMIND.


I myself have discovered that (compared to 20 years ago), "long-term-residency" has become harder to attain for the caucasian half-gods of yesterday. Globalisaition and the emancipation of the "third world countries" have thrown a "monkey-wrench" into many Farang dreams of "cheap-retirement" under a tropical sun.


Frankly, I have given up on dwelling on ever changing "Immigration-Rules" of some exotic retirement heavens.
I have decided that my home country remains my "home base". If I have the urge to travel (and stay longer in one place), my travel-agent is in the position to tell me exactly how long I can stay in any given country on a tourist-visa. Theoretically, I could hop from one "retirement-paradise" to the next, year round. Never having to deal with "Immigration-Officers".


Of course, only possible if there is no urge of the Farang to aquire any immovable "property" or having matrimonial plans in those "retirement-heavens". 

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On 4/6/2021 at 7:09 AM, simon43 said:

[quote]

... Even if you can buy it...eventually at say 70-74 years of age it is going vertical in price.

[/quote]

 

Not necessarily true.  When I took out expat insurance at 57 years old, I obtained details of the age band charges up to 100 years old for the company's clients, (assuming that they joined the scheme without any medical conditions).

 

My current insurance premium at 62 years old is about $200 USD per month, and that will rise to about $450 per month at age 100!  That's still not a vertical increase in price 🙂

Reasonably priced health-insurance, I'd say. But the nearest international standart Hospital is still in Thailand.

 

Otherwise, like your style. Feet on the ground and head not in the clouds and this in Laos. More power to you. Keep it up!

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On 4/12/2021 at 12:46 PM, simon43 said:

Of course nothing is safe!  I get 6% on my bank savings account in Laos - it's a French-Belgian bank.  AFAIK, no bank in Laos has ever gone bust, despite online fake news to the contrary.

Correction- no bank in Laos has gone bust SO FAR. Who knows what will happen next week. Ask the good citizens of Cyprus if they think their deposits are safe.

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The problem with depositing funds into a Laos or Vietnamese bank is inflation and currency risk. It's okay if you intend to spend your savings in those countries but if you're hoping to make a quick 6% and then repatriate the funds, you will be disappointed.

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