Sunday, August 30, 2009

Retire Early in Thailand


Why Thailand

See my homepage for Condos and Apartments in Bangkok
In my mid 40's I begin to look for a warm, tropical, cost effective, safe place to retire when I turned 50. I checked out Costa Rica, Jamaica, and Mexico. Then I traveled to Thailand in the fall of 2005, returned home after a month, sold my house, car and basically everything except a few essential items and took off for my new winter home in January of 2006. Having owed 3 businesses for over 15 years, I wanted out of the main stream 9-5 life. The costs of living in Dallas was getting worse with yearly increases in property taxes, health insurance premiums, auto insurance etc.

Being single, 50 years old, without children, I had no reason to stay in the conventional middle class life. I always wanted to concentrate on my investments and not worry about making enough money to pay for all the expenses of living and doing business in a big city. So, I have found a simple and good life in Thailand.

In Thailand you can get a renewable one year retirement visa at age 50, health insurance cost as little as $300 a year. I recently had my teeth cleaned for $15, you can see a regular doctor or a specialist for $15 (many expats don't bother buying it as medical costs are so low, and quality is very good). I don't need a car (and don't miss the trips to Firestone auto repair shop), in Bangkok there is excellent mass transit with the Sky Train and the underground subway, in Pattaya there are small buses every 2 or 3 minutes that cost 25 cents. There are many other benefits that I will go into later. I will post more soon on how to retire in Thailand with a little as $50,000 to $100,000 in savings that includes selling covered call options investment strategies with some margin usage. I will also be posting information on medical tourism, feel free to write with any questions, Paul
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