Why This 67 Year Old American Retired In Thailand

Поделиться
HTML-код
  • Опубликовано: 22 дек 2024

Комментарии • 95

  • @adamparker21
    @adamparker21  5 месяцев назад +25

    Do you think you'd like the Thailand quiet life?

    • @RiCKYakaRiZZUM
      @RiCKYakaRiZZUM 5 месяцев назад +1

      Most definitely!

    • @farawayfred802
      @farawayfred802 5 месяцев назад +1

      My wife and I moved here to Chiang Mai sight unseen. No regrets! Retired cop, so I was looking for quite.

    • @begratefuleveryday3752
      @begratefuleveryday3752 5 месяцев назад +1

      I decided to retire here the first time I came to visit in 2016. Did a marine conservation program on Koh Tao and absolutely loved it. Retired in 2021 (just before I turned 40) and moved out here shortly after. Thailand is amazing and has everything!

    • @stanleysalters1195
      @stanleysalters1195 20 дней назад

      It's better than America.

  • @concretejungle550
    @concretejungle550 4 месяца назад +3

    That man is living the Dream! Peace & Quiet, beach vibes and beautiful scenery ❤

  • @jamestreanor182
    @jamestreanor182 5 месяцев назад +6

    The comparison of Thai vs US health care is so true, the Thai doctors want to understand the patient and the problem

  • @larry-notthecableguy
    @larry-notthecableguy 5 месяцев назад +16

    Hi Parker, really enjoy your video. Chris and yourself has been doing a lot of moving/ retiring to Thailand. Ever thought of doing a Senior home/assisted living video?!? There isn’t much video about this subject. People who plans to retire in Thailand needs to plan with their parents too. Maybe your audiences, like myself would like to bring our parents over. The cost of senior home is crazy expensive in America. The cost to Hiring a full time helper/ caregiver is almost impossible. Hope you will consider this. Thanks!

    • @JBW-Phuket
      @JBW-Phuket 5 месяцев назад +1

      I think that’s going to be big business in TH. There are places but the information is scarce.

    • @BK-57.
      @BK-57. 5 месяцев назад +1

      @@JBW-Phuket Yes! I been checking out "Sunshine International" in Hua Hin for myself, I'm 66 and in good health but you never know...
      I just don't understand the Visa's in Thailand..
      The US is too expensive.🙏

    • @maxineb9598
      @maxineb9598 5 месяцев назад +1

      ​@@BK-57.At your age, the most practical visa is a retirement one though it comes with conditions mostly financial.

    • @FuzzyCoconut7
      @FuzzyCoconut7 5 месяцев назад +1

      Great idea. I read something years ago about a man who was in a nursing home in Chiang Mai. I think he was paying around 50,000 baht a month. But his money ran out, so he was deported back to America and put into a nursing home there.

  • @daveka5451
    @daveka5451 5 месяцев назад +2

    Great interview! What a nice, decent gentleman just sharing his experiences.

  • @attlee1945
    @attlee1945 5 месяцев назад +17

    I love JR aka Santa 🎅. So pleased you have got him on your channel Adam.

  • @โลกาวิถี
    @โลกาวิถี 5 месяцев назад +6

    I’m Thai, and now love my historic home here in West Virginia! I love snow and rain and Appalachia hollers and mountains.

    • @FuzzyCoconut7
      @FuzzyCoconut7 5 месяцев назад +2

      West Virginia is the real America. It's a great place to live.

    • @malcolmnicoll1165
      @malcolmnicoll1165 5 месяцев назад

      @@FuzzyCoconut7Jesco White the dancing outlaw.

  • @stevef7798
    @stevef7798 5 месяцев назад +2

    I have so much in common with this guy, and I pray my life evolves in a similar way as this guy. Kudos to him - nice to see good things happen for good people!

  • @bradley_Bradley
    @bradley_Bradley 5 месяцев назад +2

    Glad to see he is living the dream in retirement. He def has a nice setup. Love the Channel Adam and keep up the great work !!!

  • @curtchesnutt4992
    @curtchesnutt4992 5 месяцев назад +5

    Adam, another great interview. JR....looking good Brother! Jazzed to know another celeb in Thai....great interview man. Hope to see ya soon and keep Si Racha funky.

  • @Sofaguy101
    @Sofaguy101 5 месяцев назад +1

    Love the format of your videos..Keep up the great work..Spent 45 days in Jomtien recently and will return for 60 days in February..Loved the beach town atmosphere with Pattaya so close by..

  • @NYC-2-BKK
    @NYC-2-BKK 5 месяцев назад +6

    Thanks for doing this interview with JR!

  • @BoninBrighton
    @BoninBrighton 4 месяца назад +1

    Chris recommended you- and I like the direction of your non-budget interviewees. Some of us aren’t looking to live ‘cheap’. Please can you interview retired western women too as this really is a ‘Silent Pool’ on RUclips.

  • @mmogburn
    @mmogburn 5 месяцев назад +2

    Great to see you, JR.

  • @aborne7
    @aborne7 5 месяцев назад +1

    Really nice real life stories, and prime time TV quality interviewer!

  • @bengooch4306
    @bengooch4306 5 месяцев назад +1

    You did it again Adam! Keep it up. These interviews are great!

  • @mangostickyrice555
    @mangostickyrice555 5 месяцев назад +3

    Thumbs up 👍 Parker & JR

  • @uwegrauert7680
    @uwegrauert7680 5 месяцев назад +2

    Thank you for the information. We will come next to Thailand and we will be very happy.

  • @janb7916
    @janb7916 4 месяца назад

    Thank you for this video. Great information especially in regards to income tax in Thailand. We just retired in Thailand after being in the US for 50 years.

  • @MikeHoncho884
    @MikeHoncho884 28 дней назад

    Wow, he’s living the life! Hopefully I’ll be able to lay down that kind of lifestyle! I’ll be there to check it out in a little over a month!

  • @Bakilovetheworld
    @Bakilovetheworld 5 месяцев назад +1

    Peaceful retirement. Well deserved. 🎉

  • @WAWZDAT
    @WAWZDAT 5 месяцев назад +3

    Great video Adam. You and your Uncle put out some great stuff.
    I believe JR is incorrect about Roth IRAs. At 13:25 he says people that have Roth IRAs don't pay tax and this is not true. Contributions to Roth IRAs are made with after tax dollars. You pay taxes on the contribution before it goes into the Roth and that is why it is tax free on distribution. You pay tax on the front end instead of the back end; like a traditional IRA.
    This it why five years ago I converted all my traditional IRAs into Roth IRAs. It was just a huge tax bill for that year. But now, everything is tax free coming out.
    So, what I am hoping is, if I can take my distributions from my Roth and have them deposited directly to a Thai bank account the way JR is doing. Doing this should prove that the taxes have already been paid and, I am hoping, avoid any Thai taxation. But I still have to confirm this part.

  • @Hasan10-oh7vl
    @Hasan10-oh7vl 3 месяца назад

    Love itt adamm!!
    You need a video editor bro ?
    I can do a sample video 👊🏽

  • @mikemarsh7616
    @mikemarsh7616 5 месяцев назад +1

    Another great video Adam. Thank you for sharing.

  • @ThailandThomas
    @ThailandThomas 5 месяцев назад

    Good to see ya doing you own thing Adam, I am enjoying your interviews. Perhaps I will be one your interviews someday.

  • @DrivingPhilippines
    @DrivingPhilippines 5 месяцев назад +2

    JR - I've programmed in many of the languages you've developed and invented like Scheme, Java and also worked on programming in Fortran and C for a number of years. Glad you are now enjoying the fruits of your labour. Enjoy Thailand - a beautiful country.

    • @jrx101
      @jrx101 5 месяцев назад +1

      I programmed in Fortran and COBOL in college, but most of my work experience was in assembly language and C. Late in my career I did Salesforce Apex programming.

  • @Ulbre
    @Ulbre 5 месяцев назад +6

    I first came here to party....but I had no choice in it....the boys brought me across the border from Malaysia on January 8th 1984......I did have a party....I was 20 years old an my eyes were wide open.
    2006 I moved here and haven't been happier :)

    • @jrx101
      @jrx101 5 месяцев назад +2

      Same for me my first visit. It was a blast. So smart to travel while young.

    • @youngandfree93
      @youngandfree93 5 месяцев назад +1

      Ah that was the year I was born. 1984 must have been something

  • @squiregreatneck7580
    @squiregreatneck7580 5 месяцев назад

    Great job Adam! Love these...how about doing one that starts before they move or right when they arrive?

  • @mr_wormhole
    @mr_wormhole 4 месяца назад +1

    Sun Microsystems, jeez, he is one of the java boomers in James Gosling's team 😂 Much respect to his planning before moving in, we engineers are always the same 😂

  • @aaronbux1
    @aaronbux1 5 месяцев назад +1

    Nice interview, Adam. And thanks to JR for sharing. Reminds me much of my own thinking .. love Thailand, chill pace, etc. I'm also an American and love the Bay Area, where JR used to live and work. And based on JR's tie-dye t-shirts, I'm assuming he'll know what I mean when I say .. "Jerry lives!" :)

    • @jrx101
      @jrx101 5 месяцев назад +2

      Hey Now! We are everywhere. I designed that shirt for the staff at the NPO known as The Heart. I printed over a hundred and gave them out at Christmas and then for years after that.

    • @aaronbux1
      @aaronbux1 5 месяцев назад +1

      @@jrx101 Very nice! :)

  • @FuzzyCoconut7
    @FuzzyCoconut7 5 месяцев назад +1

    With his Social Security and his wife's income, he doesn't even need to withdraw money from his IRA. So self-insurance makes sense for him. I have a similar insurance plan to what he has. Just covers major expenses like hospital stays and surgeries. But everything else I self pay.

  • @onehappykamper
    @onehappykamper 5 месяцев назад +1

    It's interesting how many of us want to retire and be able to walk from our home onto the sand and into the sea. I lived in Jomtien for 2 years.. Never went on the beach 555....I did get a nice breeze and nice views. I'm giving Chiang Mai a try soon...
    Great interview

    • @jrx101
      @jrx101 5 месяцев назад

      I lived at Metro Condotel for a year, walked out into the ocean often. Nice sunsets. CM is cool. Enjoy!

  • @kamolhengkiatisak1527
    @kamolhengkiatisak1527 5 месяцев назад +3

    Normally สวนสุขภาพ literally Healthy Park is small with no big trees. Here there are some really big trees.

  • @thomasmerrill3585
    @thomasmerrill3585 5 месяцев назад +2

    I'm a American check out Phuket there are more than 15 beachs I have been coming here 20 years big island lots to do.

  • @roybaht
    @roybaht 5 месяцев назад

    Another great interview, Adam! Please keep them coming!

  • @KenBrownies
    @KenBrownies 5 месяцев назад +1

    Thanks for making this video. I am working here in Thailand and deal daily with Financial/Tax Issues. Social Security/ disability / Federal Retirement will NOT be taxed in Thailand due to the US / Thailand Tax Treaty . Private non federal pension will be taxes in Thailand however may not be subject to taxation in the US. Funds held in a 401k / IRA are not subject to US Taxes also only taxable in Thailand. They have started the tax clock from January 1 and important to speak to someone about your specific situation. If you lived in Thailand for the previous tax years and have taken a distribution from your private pension and paid taxes you can probably amend your taxes and get that tax money back from the IRS.

    • @mikecrowley7486
      @mikecrowley7486 5 месяцев назад

      Thanks Ken; You've confirmed my thoughts.

  • @happylife4734
    @happylife4734 5 месяцев назад +3

    First check if your country has a Double Taxation Agreement (DTA) with the Kingdom of Thailand, if they do, then you don't have to worry about this, because DTA prevents the same income from being taxed twice.
    Australia has DTA with Thailand, and age pension is exempted from taxation according to Australian Treaty Series 1989 No 36 with Kingdom of Thailand. Google the treaty online.
    Article 18 in the treaty says
    Pensions and annuities
    1. Subject to the provisions of Article 19, pensions and annuities paid to a resident of one of the Contracting States shall be taxable only in that State.
    2. The term "annuity" means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.
    Don't waste your time and money listening to the expert, because they are here to confuse you and make money from you.

    • @adamparker21
      @adamparker21  5 месяцев назад +1

      That's a fair take. For the majority of those considering relocating here more than 180 days per year though, I still think it's worth a one off meeting with a legitimate Tax Attorney (not a RUclipsr) to understand the exact ins and outs of the Double Taxation between Thailand and said Country. For sure, it's possible to understand the specifics of a DTA on your own, but I generally like to avoid any potential blind spots and look around as many corners as possible. Even if I think I have a strong understanding of something. Your statement is fair though. Cheers.

    • @WAWZDAT
      @WAWZDAT 5 месяцев назад

      @@adamparker21 I agree. I would like to have tax attorneys from both countries show me statues saying I am exempt.

  • @AbroadInThailand
    @AbroadInThailand 5 месяцев назад

    Great interview Adam!

  • @akeman21
    @akeman21 5 месяцев назад +1

    Great interview! 👍

  • @robertwilliamson922
    @robertwilliamson922 3 месяца назад

    How can you be chill in a hot country ? If you want a chill life, move to the Arctic islands . Nice and chilly there. You will be nice and chill.

  • @Oakb380
    @Oakb380 5 месяцев назад +1

    Why is he referring to his walk in miles? In Thailand we use kilometres. He's been here long enough to know that. Anyway, interesting video.

    • @Nlav26
      @Nlav26 5 месяцев назад +4

      Weird thing to focus on... He's American, you don't forget 60 years of your life.

  • @jaymeez
    @jaymeez 5 месяцев назад +1

    To correct this nice guy. The Roth IRA is Not Tax Free. The money placed in a Roth is Post Tax aka You Already paid taxes. The gains are the only part that’s not taxed so just state the amount taken out is principle and not gains

  • @4lan
    @4lan 5 месяцев назад +1

    simple life make this guy happiest retiree

  • @traceylankford8579
    @traceylankford8579 5 месяцев назад

    This park is amazing! Which park is it?

  • @RobertoSiffredi-xy1nc
    @RobertoSiffredi-xy1nc 5 месяцев назад +1

    Sriracha in Chonburi province is known for its delicious, sweet pineapple. Also, tons of Japanese businessmen have Japanese-only 'clubs' in Sriracha which cater to their needs for female companionship. Probably the least interesting place for a Westerner to retire to.

  • @BangkokDayTours
    @BangkokDayTours 5 месяцев назад

    Welcome to Thailand

  • @gotamd
    @gotamd 5 месяцев назад +1

    It’s not clear to me that withdrawals from a Roth IRA would be considered tax-free in Thailand despite being tax-free in the US…

    • @HeatherLewis213
      @HeatherLewis213 5 месяцев назад +1

      Nah, he earned the cash in the US.

    • @gotamd
      @gotamd 5 месяцев назад

      @@HeatherLewis213 Thailand doesn’t care if you’re bringing it into their country.

    • @bengooch4306
      @bengooch4306 5 месяцев назад +2

      ​@@HeatherLewis213 That's where the weirdness comes in and it's part of the reason the new Thai tax law doesn't make a lot of sense. Hopefully the existing tax treaty will cover it but nobody knows.

    • @WAWZDAT
      @WAWZDAT 5 месяцев назад +1

      With Roth IRAs you pay taxes on the money before it goes in so it is tax free (at least in the US) when it is distributed. The key is proving the distributed funds came from a Roth IRA. Hopefully, you can get Roth distributions deposited directly into a Thai bank. You might have to find a US bank with Thai branches so this can be done. This should prove that taxes have already been paid. But still trying to confirm this. JR mentioned the bank he used for a direct deposit into a Thai bank.

    • @gotamd
      @gotamd 5 месяцев назад +1

      @@WAWZDAT I’m not sure whether or not Thailand is obligated by their DTA with the USA to recognize the tax-advantaged status of Roth IRAs. Just because capital gains and withdrawals are tax-free from Roth accounts in the USA, that doesn’t mean Thailand recognizes that status. For example, the USA also exempts the first $500k of capital gains on the sale of a principal residence (for a married couple), but Thailand does not, which means that while only gains over $500k are taxable on the sale of a home in the US, 100% of gains are taxable in Thailand.

  • @1deadhead
    @1deadhead 5 месяцев назад +2

    JR is certainly Jerry Garciaest, cool Dude……

  • @calbear20.
    @calbear20. 5 месяцев назад +2

    I honestly would get bored rather quickly with his lifestyle. I am soo bad with free time...

  • @orlymarq6238
    @orlymarq6238 5 месяцев назад

    Is there any cool area / location in Thai that is NOT hot?

    • @adamparker21
      @adamparker21  5 месяцев назад +1

      Not when you look at things on a year round basis. Northern Thailand can be cooler in the winter months (November through February) but is also scorching hot in the the Thai summer (March through June)

    • @pinkymoon5039
      @pinkymoon5039 4 месяца назад +1

      Chiang Mai? I found chiang Maib temperature to be the most comfortable

  • @sonhuynh8222
    @sonhuynh8222 5 месяцев назад +1

    If Thailand starts to tax diff forms of income derived in the West and ignore parts of the DTA then their tourism will collapse cuz future and current foreigners will take their money to neighboring countries and just spend 1/2 the year there. People are already leaving as we speak. Just wait and see what happens to their condo sales!

    • @adamparker21
      @adamparker21  5 месяцев назад

      Agreed. The devil is in the details and it's key that those considering relocating here more than 180 days per year understand what the Double Taxation Agreement looks like between Thailand and their Home Country or the Country that their income is sourced in.

  • @swhiting100
    @swhiting100 5 месяцев назад

    Is Chris your dad, Adam?

  • @garychilds1130
    @garychilds1130 5 месяцев назад

    Its not the tax money they want its the jobs for the thai accountants that will make the money

  • @warrpedd
    @warrpedd 5 месяцев назад

    That's wonderful to trust your Thai spouse...however if they die, you're at the mercy of their family if they let you stay on their new land.

    • @lancemided3251
      @lancemided3251 5 месяцев назад +1

      Not true if your partner has a will declaring you as the recipient. You have to liquidate the land within a certain period of time (1 year I think), but will not lose the value to her family. Also you can own the house built on your Thai partners land with an agreement created at the time of transfer. Consult a Thai Lawyer instead of relying upon You Tube attorneys, 555

  • @neilyounan3241
    @neilyounan3241 5 месяцев назад

    Be careful what you wish for.

  • @grandguy_23
    @grandguy_23 4 месяца назад

    I'm 69 but still know how to dress properly. 😂

  • @workslave-1
    @workslave-1 5 месяцев назад

    Feel ya JR, after the wife takes half your lifes savings you gotta learn to down shift

  • @user-jshsd2
    @user-jshsd2 5 месяцев назад

    He worked at Sun Microsystems. It turned out to basically be a failed company and scam. That company caused investors to lose big. He profited from investors' money.

    • @jrx101
      @jrx101 4 месяца назад

      Yes, it is sad that they were the only high tech company in Silicon Valley to IPO and then fail.🤣

  • @deschua76
    @deschua76 5 месяцев назад

    JR worked so many years earning a high income at Sun Microsystems and now cannot even afford a house on Jomtien beach??!! Where did all his money go to?? That goes to show the spend thrift nature of Americans!!