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What's the minimum money needed to retire in LOS


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Prosal said:

 

Totally agree with JJ.

 

At us$ 2000/3000 per month, you can live better than the average Thai, but you won't be living well by first world standards. . .

 

I wouldn't move or retire abroad (in my case in Brasil) to live like a middle-class local. It REALLY sucks ass.

 

tha is one of my primary points. I would not want to live according to acceptable local standards. I want to live according to my standards. Middle class in Thailand is not that great of a life in my estimation because I am not Thai. Middle class Thai to me is akin to middle blue collar American where one owns a house a car and does a little shopping with a vacation once a year but mainly stays local.

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pattaya127 said:

 

 

one thing i don't get here, and maybe it's mostly about US citizens, but how realizing that 2000$ ain't going to amount like shit in LOS, is going to save you by staying in the US ::.

 

For France, My Mom is now living on 2000 euros a month, plus our wonderful french health system. I do not think she has any budgetary problems.

 

I read OH's post, a general take: I see the result of americans thinking that govnmt is too big, off my pockets, then they are left dealling directly with market forces, and that's what you get, they are stronger than any unions or individals in US, and the trend is less union and less "socialism", as they say here. Brace yourself, freeest people in the world, you got what you wanted! ::

 

Don't sleep p127 that European social welfare system is more prone to market forces than you think. The cracks have already appeared in the system and the stress will only increase over the years

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Zaad said:

 

 

Saving is losing? In your view yes, but not in mine.

Perhaps you have the knowledge and interest to invest in stocks, shares etc. But I don't have any knowledge nor interest and am perfectly happy with the money being safe in the bank. I'd never want to risk it by buying stocks or whatever since (again) I have zero knowledge.

 

 

 

Well if u are making your money in thailand and it is in baht earning money market rates, you are definitely losing if your are earning less than the 6% Thai inflation rate.

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The cracks have already appeared in the system and the stress will only increase over the years

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the cracks have been evident for over 30 years, difference is, there are no problems about raising taxes in France (Europe?).

 

What they pest about are the fact that too many profit and do not contribute. So, further regulations will put limits and astringent conditions to those who do not contribute, which has alerady happened. i do not think someone who worked for 35 years will end up with his pension and benefits being revoked (at least not on the scale of highway robbery OH speaks about for US employees), and his medicals swept under its feet overnight.

 

I think BB and other europeans can speak about this better than me, I only visit there.

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"Middle class in Thailand is not that great of a life in my estimation because I am not Thai. Middle class Thai to me is akin to middle blue collar American where one owns a house a car and does a little shopping with a vacation once a year but mainly stays local. "

 

Find the higest bridge around and jump... the fact mass suicide is so little popular just goes to show again how poor taste has the populace.

 

Random, will buy a country in SEA for retirement

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I live on $1000 a month, excluding accomodation. That includes supporting a wife and child - although paradoxically it may be cheaper to be married as you don't spend money on bars and hookers :p :p

 

To be on the safe side I would say you need a least $2000 a month.

 

Historically the US stock market has given 7% above inflation over the long term, real estate about the same, so you would probably need at least $340,000 to retire.

 

You should invest a substantial proportion of your saving in Thailand, to hedge against currency risks.

 

Real estate is a great investment although pricey at the moment. I'm not a big fan of financial assets but there are some good Thai stocks around. Put around 5% of your savings in gold.

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While i do see JJ's point, it is exaggerated to say the least. (no offense)

 

2000+ US$ (after tax) is a decent wage in most European countries (decent, not very good). You will get by on this amount easily in most western countries, even go out every weekend to clubs, pubs etc.

 

Now, why wouldn't anyone be able to survive on this amount in Thailand, where everything is a lot cheaper? Provided you have some savings in case of illness (for a plane ticket back home, in most european countries, as opposed to in the U.S, medical care is either free or cost a pittance) you should be more than OK with this amount of money.

 

Just my 2 cents.

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You can get all the necessities of life for $2000/month.Any excess would be spent on luxuries.

 

For me the greatest luxury is leisure; not having to go to an office or live the corporate life. I'm not interested in status symbols. I want to convince people I'm poor not rich so they wont try to borrow money from me ::

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