Everybody’s circumstances are unique. In my case, can’t access my superannuation until age 60, and as I don’t have the savings now to support me until then, need to keep working. I admire that you were able to find a way to do it though 👍😀
Wow, I needed to hear this today! I’m beyond exhausted of this corporate grind, and want out of it NOW. I have lost 3 friends in their 50’s in the past year, and it’s time to start exploring and enjoying life. ✌🏻🙏🏻👍🏼✈️
Thanks for yr interesting videos , how much average do you live on every month ? Been in Pattaya every year since 2004 , I’m ready to move to pattaya for 6 months annually. I will be 64 in November. Ready as I ever be , thanks for many useful info .. 👍
Good vid. I hear you on question 2, as I sit here working on Labor Day. I cannot wait to stop working for good. I do not understand people who claim to love work and working. But I need to wait till I at least hit 60 so I have access to my IRAs (and they have a few more years to grow), and probably 62 so I can grab SS and a small pension from my 1st employer. Then I plan to retire or at least only work part-time, depending on my family and if still need to support them.
Wow, that sounds exactly like my thinking not so long ago. It was eye-opening, to say the least, when I did the math and realized that the cost of living here is so low I could retire now and live comfortably on savings and passive income until I can access my 401 and SS later. Don't fall into the "one more year" trap.
@@RetiringToAsia I have been doing the math for years, but I am not there yet. I had a ridiculously expensive divorce and it left with debt and 2 kids to raise. Thus, I have been playing catch up with saving and investing for retirement. Plus, my kids just started college and I have an elderly patent too. But I hope to get to Thailand as soon as my family duties are done and my money is straight.
Great video could I retire today? The answer is probably or even a definite. Yes if I did move to Thailand or the Philippines, my wife is from the Philippines and she already owns land over there.. I am sort of in your position I’m 57 and I plan on retiring the beginning of the year when I turned 60 that way my house will be paid off. I won’t have to pay 10% penalty for from my early withdrawal from my 401(k), but I am so looking forward to retirement and maybe at least living one year in Thailand, I love the condo videos and my wife live there
"3 more years." Unless you need to keep the house, why wait to pay it off? Sell it and live off of the proceeds until you can access the retirement account. * not financial advice, just me thinking out loud
One thing that your videos do for me and the reason why I like watching them in the morning as I get ready for work, your videos give me a feeling of freedom that if I just start hated my job so much I can quit and by watching your videos and other RUclipsrsI know I could just quit in go to Thailand or the Philippines my wife and I have the same conversation three or four times a week when we should retire one of these days will get so sick of our jobs that we will just retire, but thanks for your videos
Very surprised you havent' created a vid about taxation... see Bangkok Post article "Law to tax income from overseas in the works" (sorry YT doesn't allow links)... I don't need the aggravation that even the possibility of this occurring... What other countries should the expat consider to avoid this?
I haven't done a video on it because there's so much confusion about it but I have addressed it. The US and THAILAND have a DTA. I have downloaded it and read it carefully. The possibility of owing some tax here exists but it is low. My view is, if I owe taxes to live here and enjoy this amazing country in my retirement, I will pay them gladly. My aggravation remains with the US and how much I have to pay to a government that is so wasteful on top of not living there anymore.
@@RetiringToAsia I would have too much liability upon certain tax events (like selling a house with huge capital gains... which are taxed differently in Thailand, so I'd probably have a huge bill upon that event... along with others)... It's an aggravation that I don't need needlessly applied to my situation... If I was entirely liquidated, the situation would obviously be different... maybe, I'll get there some day, then can revisit the situation at that time... so I'll have to keep under the tax resident threshold until then...
Hey Slim, thanks for watching. The great thing is, I don't have a lot of money. Thankfully it doesn't take much to be able to retire here. Watch some of my other videos on my monthly budget and income and you'll see. That way, you won't have to make bad assumptions again.
Could not agree more about not relying on a financial advisor. The financial advisors one will meet at a brokerage are there to make money and in order to do that they must sell you something. IMHO when it comes to retirement, it is time to put on our big boy pants, educate ourselves, and take responsibility for our own unique situations. Thailand like the Philippines can be a land of temptation, and if one can not maintain their self-discipline they will not last long.
Well i'm golden handcuffed until i'm 62 with my goverment pension. Actually they double it if I work until age 70... Not going to do that though. If I leave before they cut it hard.
@@RetiringToAsia Well I was thinking about investing in ETFs with dividend, but thanks to EU they have now blocked that option from us, to "protect" us. I guess protecting us from making money to be free... :/
Thankful for Covid, and being lockdown in Thailand (closed borders, shutdown of all transit airports, etc)... Setup a household, retirement visa, etc cause I had to... Discovered their supplylines (aka, no real shortages)... ah, life was good then... Forced into retirement was the best (in hindsight... lol)
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Ok let's see it. What's your excuse? Add it here in the comments.
Thumbs up 👍 Michael
Talk about timing! I resigned today and I'll see you in about 40-50 days!
There ya go! Best wishes on you new relaxed life.
This is like a bowl of positivity you’ve taken up the therapist role too 😂❤🙏🇹🇭🫶 great info!
Thanks Ralph. Glad you're adjusting well to your new home in Thailand.
Thanks for your help buddy you’re a life saver😊❤😊
Not quite as simple as it sounds, I’ve 2 kids to support through school and uni!
Everyone's situation is different, and not everyone is ready, but everyone can assess their situation and try to get there sooner.
Everybody’s circumstances are unique. In my case, can’t access my superannuation until age 60, and as I don’t have the savings now to support me until then, need to keep working. I admire that you were able to find a way to do it though 👍😀
Well, at least you've made a plan. Thanks for watching.
Need to get out of a bad relationship first, which is very financially tangled 🤔
Those can make things difficult. Hang in there. Better times ahead.
@@RetiringToAsia thank you.
This is music to my ears. My wife and I are retiring and we are coming to Thailand this winter. Looking for that special place to call home.
It's great that you can almost see it now, isn't it?
Wow, I needed to hear this today! I’m beyond exhausted of this corporate grind, and want out of it NOW. I have lost 3 friends in their 50’s in the past year, and it’s time to start exploring and enjoying life. ✌🏻🙏🏻👍🏼✈️
Absolutely! Today is the day. There's no "someday" this week.
Thanks for yr interesting videos , how much average do you live on every month ? Been in Pattaya every year since 2004 , I’m ready to move to pattaya for 6 months annually. I will be 64 in November. Ready as I ever be , thanks for many useful info .. 👍
Thanks for watching. You can find a few videos about my monthly budget, spending and income on the main page of the channel.
Good vid. I hear you on question 2, as I sit here working on Labor Day. I cannot wait to stop working for good. I do not understand people who claim to love work and working. But I need to wait till I at least hit 60 so I have access to my IRAs (and they have a few more years to grow), and probably 62 so I can grab SS and a small pension from my 1st employer. Then I plan to retire or at least only work part-time, depending on my family and if still need to support them.
Wow, that sounds exactly like my thinking not so long ago. It was eye-opening, to say the least, when I did the math and realized that the cost of living here is so low I could retire now and live comfortably on savings and passive income until I can access my 401 and SS later. Don't fall into the "one more year" trap.
@@RetiringToAsia I have been doing the math for years, but I am not there yet. I had a ridiculously expensive divorce and it left with debt and 2 kids to raise. Thus, I have been playing catch up with saving and investing for retirement. Plus, my kids just started college and I have an elderly patent too. But I hope to get to Thailand as soon as my family duties are done and my money is straight.
Will 100 k ( baht ) a month be enough for a Non drinker like me ? Pattaya I’m thinking of .
Probably. I enjoy my life at under 35,000
Great video could I retire today? The answer is probably or even a definite. Yes if I did move to Thailand or the Philippines, my wife is from the Philippines and she already owns land over there.. I am sort of in your position I’m 57 and I plan on retiring the beginning of the year when I turned 60 that way my house will be paid off. I won’t have to pay 10% penalty for from my early withdrawal from my 401(k), but I am so looking forward to retirement and maybe at least living one year in Thailand, I love the condo videos and my wife live there
"3 more years." Unless you need to keep the house, why wait to pay it off? Sell it and live off of the proceeds until you can access the retirement account. * not financial advice, just me thinking out loud
One thing that your videos do for me and the reason why I like watching them in the morning as I get ready for work, your videos give me a feeling of freedom that if I just start hated my job so much I can quit and by watching your videos and other RUclipsrsI know I could just quit in go to Thailand or the Philippines my wife and I have the same conversation three or four times a week when we should retire one of these days will get so sick of our jobs that we will just retire, but thanks for your videos
Wow, if you're having those conversations that often, back in my police days, that's what we called a clue. 😂
Very surprised you havent' created a vid about taxation... see Bangkok Post article "Law to tax income from overseas in the works" (sorry YT doesn't allow links)... I don't need the aggravation that even the possibility of this occurring... What other countries should the expat consider to avoid this?
I haven't done a video on it because there's so much confusion about it but I have addressed it. The US and THAILAND have a DTA. I have downloaded it and read it carefully. The possibility of owing some tax here exists but it is low. My view is, if I owe taxes to live here and enjoy this amazing country in my retirement, I will pay them gladly. My aggravation remains with the US and how much I have to pay to a government that is so wasteful on top of not living there anymore.
@@RetiringToAsia I would have too much liability upon certain tax events (like selling a house with huge capital gains... which are taxed differently in Thailand, so I'd probably have a huge bill upon that event... along with others)... It's an aggravation that I don't need needlessly applied to my situation... If I was entirely liquidated, the situation would obviously be different... maybe, I'll get there some day, then can revisit the situation at that time... so I'll have to keep under the tax resident threshold until then...
@@RetiringToAsia Agree about the waste etc, in the US... and politics are making daily life toxic...
For many its a mindset issue. IE Going from earner/saver to spender.
True. It's a big change. Thanks for watching.
Hey, can you share what your actually living $ on PM in Thailand Understanding that everyone is different in terms of there lifestyle. TIA
I've done a few videos on that already.
Not all of us are blessed like you with a lot of money to retire early, unfortunately.
Hey Slim, thanks for watching. The great thing is, I don't have a lot of money. Thankfully it doesn't take much to be able to retire here. Watch some of my other videos on my monthly budget and income and you'll see. That way, you won't have to make bad assumptions again.
I retired to SE Asia at 55. Live very comfortably on 2-2.5k a month. Go where your money works hardest and live life!
@AG-so4gl YES!
Could not agree more about not relying on a financial advisor. The financial advisors one will meet at a brokerage are there to make money and in order to do that they must sell you something. IMHO when it comes to retirement, it is time to put on our big boy pants, educate ourselves, and take responsibility for our own unique situations. Thailand like the Philippines can be a land of temptation, and if one can not maintain their self-discipline they will not last long.
Thanks for watching.
Well i'm golden handcuffed until i'm 62 with my goverment pension. Actually they double it if I work until age 70... Not going to do that though. If I leave before they cut it hard.
Bummer. Best wishes.
@@RetiringToAsia Well I was thinking about investing in ETFs with dividend, but thanks to EU they have now blocked that option from us, to "protect" us. I guess protecting us from making money to be free... :/
Thankful for Covid, and being lockdown in Thailand (closed borders, shutdown of all transit airports, etc)... Setup a household, retirement visa, etc cause I had to... Discovered their supplylines (aka, no real shortages)... ah, life was good then... Forced into retirement was the best (in hindsight... lol)
555, sometimes it's just the kick in the pants we need.
Retiring is like giving the middle finger to your boss and the corporate world. You made it and It feels good.
Feels great! Thanks for watching.
What's up with that shirt? Like a walking advertisement :)
555 motorcycle shirt