Moving to Pattaya at an older age

[cnkbud 0]

Hi Guys,

Just curious here how many of you ex-pats of an older age packed it in at their home country and made the permanent move to Pattaya. Am 74 and fed up with things here in "Swampland" for many reasons, mainly the lack of decent lifestyle that allows up older guys to have some reasonable amount of fun without the bullshit that goes along with it here. Just curious here as how many of you at around my age felt the same way and made the move, and how it worked out for you. I know many of the old farts like me here who are very happy doing not much of anything except sitting around and talking about their aches and pains, polictics, taxes, and all of their problems, etc, and don't have to guts to get out enjoy their time left in life, go tell. To make it easier for any of you inclined to provide input to this inquiry my personal details are:

Not rich but have enough of a pension plus savings to budget around 100,000 baht per month for expenses, have health coverage from a government plan(Blue Cross/Shield), don't drink nor need the constant opposite sex action(just a companion now and then), have suffucient financial reserves to make trips back to "Swampland" as required to keep any affairs in order, free and clear of any obligations to anyonehere.

Just like to get out and around and not wind up like most of the old farts here, you get the drift. Thanks for your time in reading this, have a good one and enjoy. Old Bud

[Dr Mick 111]

Im sure 100000 bts month 25000 week £360 week

 

you could live well and also have some fun week ends

 

Love to hear reply from other BM ,as if ok to live at this income

 

I think I would pack my job in when im 55 ,18 months to go

Also I would back my income up with a job in LOS

BUT I WOULD NEVER WANT TO WORK WEEK END

as this would be my play/fun days

Edited December 18, 2006 by manracer402003

[Jantrevor 31]

It depends on how you want to live. Small apartment, eat thai food, go out once a week, this could be done on 70,000 baht a month.

Ringing the bell nightly and the cost goes up.

[Dr Mick 111]

It depends on how you want to live. Small apartment, eat thai food, go out once a week, this could be done on 70,000 baht a month.

 

Sounds good to Me so for 100000 bts month ,could have great week end ,fri/sat/sun

every week for a life time

 

Now I would realy look forward to week ends then ,not like being here in England

[Gary 4,119]

Hi Guys,

Just curious here how many of you ex-pats of an older age packed it in at their home country and made the permanent move to Pattaya. Am 74 and fed up with things here in "Swampland" for many reasons, mainly the lack of decent lifestyle that allows up older guys to have some reasonable amount of fun without the bullshit that goes along with it here. Just curious here as how many of you at around my age felt the same way and made the move, and how it worked out for you. I know many of the old farts like me here who are very happy doing not much of anything except sitting around and talking about their aches and pains, polictics, taxes, and all of their problems, etc, and don't have to guts to get out enjoy their time left in life, go tell. To make it easier for any of you inclined to provide input to this inquiry my personal details are:

Not rich but have enough of a pension plus savings to budget around 100,000 baht per month for expenses, have health coverage from a government plan(Blue Cross/Shield), don't drink nor need the constant opposite sex action(just a companion now and then), have suffucient financial reserves to make trips back to "Swampland" as required to keep any affairs in order, free and clear of any obligations to anyonehere.

Just like to get out and around and not wind up like most of the old farts here, you get the drift. Thanks for your time in reading this, have a good one and enjoy. Old Bud

 

Well Bud, I've been telling you for several years to pack it in and get over her so you can enjoy whats left of your life. A friend of mine lived in Southern Kalifornia for fifty years and last year made the move. He lives like a king for a lot less than you have coming in and has never been happier. He is 82 years old. He has a 51 year old Thai wife, bought her a car so she can drive him around and recently bought her a house. Yes, its all in her name, BUT so are the payments. If she wants to keep the house and car she has to keep him too.

[AZZZEY68 0]

Give me a 100k a month im 38 il go now dont sit at home window licking, its wheels up.

[BillWilson 10]

Give me a 100k a month im 38 il go now dont sit at home window licking, its wheels up.

 

i agree completely

 

i am an Estate Planner in Southern California

my avg client is 72 yo

 

my male clients are not getting laid period

single or married

 

several of them come to my office by themselves just to hear about my exploits

(the real ones, not the public face)

 

go NOW

it does not even matter if the equipment dont work

you can still pull out the dentures and lick 20 yo pussy!

 

and if it takes 3 tg's licking each other and fucking each other w/ strap ons

to get a stiffy..... SO WHAT

 

life is short

[elro 0]

hey billwilson, aren't you in pats right now?

[BigDUSA 71]

cnkbud,

 

Have you made the trip to LOS? If you have what are you waiting for? Your health to go sour so you have a reason not to make the move? Come over for a few months rent a nice condo and see how you like it.

 

Over the last year, I've had every body system checked out here in Philly in preparation for the move to LOS. Good thing I did as I was diagnosed with the bad skin cancer and since it was caught early before it had a chance to spread..............................

[don_dadda 0]

Give me a 100k a month im 38 il go now dont sit at home window licking, its wheels up.

If I had 100k bht a month I wouldnt make it to 38. Hell I would be lucky to make it to 35, but boy would I die a happy man

[cnkbud 0]

Merry Xmas to you all there, and many thanks to those who provided input to this matter. It seems like age should not be a negative to getting on over there to enjoy my old age. Quess it's time to close out this chapter although still would like to get a take from some you guys over there who are in my age bracket(if there are any). Thanks again guys and you all have a great "07". Regards, Old Bud

[AZZZEY68 0]

Get your ass over there forget the birds just the whole lifestyle change , your a long time dead.....

[RixKix 0]

Merry Xmas to you all there, and many thanks to those who provided input to this matter. It seems like age should not be a negative to getting on over there to enjoy my old age. Quess it's time to close out this chapter although still would like to get a take from some you guys over there who are in my age bracket(if there are any). Thanks again guys and you all have a great "07". Regards, Old Bud

 

Well Bud, I am not in your age bracket yet, but getting close, much closer than most of the members, I am 60. Back in the mid 80's, I worked in Saudi, getting R&R every 4 months. BKK was my first stop each time, and made it to Patts a couple of those trips. To say I loved LOS then would be quite a large understatement. A few years after I finished my stint in Saudi, life intervened and I wound up being a single parent for my two kids. I was not able to return to LOS, but must say I never did forget how much I enjoyed it there. The kids are now grown and living on their own, then this past May I took early retirement, and suddenly LOS was again a possibility.

 

September was the time I chose, two weeks of pure fun. The trip was all that I had hoped it would be and even more. Though I made some major newbie mistakes with a certain young lady, at least my defenses allowed me to extract myself with only minor damage. As soon as I returned home, I began thinking seriously about moving to Patts. I was still busy making more mistakes with the same lady, but was able to remove her from my decision making process on making the permanent move. I did a ton of research, though none at this board (I was not yet a member, another newbie mistake, lol), came up with a budget, checked everything I could think of. On 10/15 Stickaman ran his weekly column on what it would cost to live in LOS, using as an example, a person he knew who lived in Patts. His friend, he said, lived nicely, though not partying every night, and lived on 500K baht per year, 41.6K per month. This amazed me because the number I had come up with for me was 40K per month, which I had kicked up to 50K per month as my budget. Once all the research was done, it quickly became abundantly clear that I would be far happier living in Patts than I would living here in the USA, and I could do so for almost 50% less cost.

 

Decision made, I began implementing my plan, and in 10 days it is wheels up for me, somewhere between Jan 4 when I leave and Jan 6 when I arrive, I will become a new man starting a brand new life. You bet it is scarey and there are certainly things I will be giving up in the USA. But for me, it is the right thing to do, of that I am certain. Your mileage may vary, but thought I would give you some food for thought. Good luck in your decision, feel free to contact me if there is anything I can do or answer for you along the way.

 

I still remember clearly when shortly before my first trip to LOS, a close friend of mine, one of several who had been enticing me with stories of LOS, told me to forget all I had heard about LOS because it simply was not accurate. My illusions shattered I looked at him, and watched huge grin broke out on his face as he said "It is better!" He was quite correct. Come on over and have a visit, I will buy you a drink at FLB.

 

Rick

[cnkbud 0]

Hi Rick, thanks for that info and the best of luck to you in getting settled in over there, it will take awhile longer for me but am still marching down that path and hope to take up on that drink offer in the near future. Am sure with all the homework you did there will be smooth sailing for you ahead, and the BM's here will give you a hand as needed. Will PM you at some future date to learn more about the move. Thanks again and have a great one. Later, Old Bud

[rogercw 3]

I am 67, moved here six months ago, and love it. I live in View Talay Condo 1 for 10,000 a month, about 15,000 with electricity, water, phone, cable, and internet. My other necessary expenses are about 15,000 for a total living expense of about 30,000. With my pension of about 73,000 a month I have about 40,000 a month left for beer and ladies without dipping into savings. Like you I am at the age where a lady is not required every night. On 100,000 a month you should have all you can handle AND add some to your savings each month.

 

Take 10,000 with you, go to one of the top go-go bars, barfine the best looking girl in the place, get her and you drunk, take her home for the night, give her a nice tip in the morning, and send her on her way. You will still have some of the 10,000 left. On 100,000 a month you could do this every 4 or 5 days.

 

After a while you realize that girls just as good can be found in beer bars and lower-tier go-gos for less money.

 

Of course if you insist on buying drinks for all the girls friends and maybe ringing an occasional bell forget a budget and give your financial ass to God.

[cnkbud 0]

Hi RodgerCW, thanks for the great input from one who is actually living the experience, exactly what am looking for here. Hope there are many others of you who may be in the same category age wise as me so please chime in here. Regardless, sure glad to find I wouldn't be all by myself over there and and even if I were would still give it a try. I don't drink anymore(never abused it when I did drink and had no problems with it, my system can't seem to tolerate alcohol and would be flat on my ass after just 1 beer so just gave it up) , but will sure buy you guys a round or so once I get over there. Thanks again to all, have a good one and enjoy. Old Bud

[scorpions 6]

What are you waiting for? Just do it! And your smile will return

Edited December 27, 2006 by scorpions

[bob2005 0]

There's a 77 year old in Center Condo who's pretty fit for his age and, wow, is he living like a 40 year old! When you get here your energy levels will probably sky-rocket. 100k a month would be a very good lifestyle. C'mon, c'mon!!!

[cnkbud 0]

Hi bob2005,

That's great man, just f...... great, a good candidate for post of the year, you just made my day and then some. Have a great one and "07". Regards, Old Bud

[Dr Mick 111]

My future looking very good reading this thread

 

I am 55 in 18 months and my house will be paid for ,want to retire then .

 

I would have about £150000 ( 300000 USD) with the sale of my house .

Could invest 50% of this to make some more capital,maybe in property in East Europe

 

Then when I get 60 years I would have my pension about £13000 year( 25000 USD )

I am taking a 30% cut in pension

 

I would get a far better pension if I carry on working till 60

 

So when I was 60 I would have approx 75000 bahts month and still have

£75000 (150000 USD) plus gains I hope over the 5 year investment i will make

 

at todays rate thats over 5 million bahts being invested.

 

Think if I do not make the move ,I will be a very sad man growing old in UK,

What is the point of working till sixty for a far better pensions when I am not happy

living in the UK now,

As the saying go lets live for today as we a long time dead

 

Will start making my moving plans in about 1 year ,but in the mean time fit 3/4 trips

this coming new year

 

I would rather have 15/20 years good life and if im skint at 75 who cares as my life

would have ended or is coming to a end

[Owen` 2]

Xmas break wrapping up and end of year assessments about to start for all of us.

 

manracer above looks to me to be a real typical sort of the category that I'll call "Early Retiree BM Wannabe" so let's go thru his numbers in careful detail and maybe help clarify concepts for others.

 

I am 55 in 18 months and my house will be paid for ,want to retire then .

 

Congratulations on lasting 53.5 years and paying off a house mortgage/loan. If this was 1906 instead of 2006, 53.5 year olds were rare.

 

18 months is a long time. Don't count your chickens before they hatch out of an egg.

 

I would have about £150000 ( 300000 USD) with the sale of my house .

 

You do not know this until the cash is in your hand and all bills/fees and taxes paid. Be sure you are not deluding yourself about anything at all. Know what the real estate agent will take, know if you're going to have to make repairs to the house to get it to sell -- and what they will cost, know that you will be paying nsurance and property tax (these costs continue even after a house is "paid off") pending sale. Know that You Do Not Have A Sale Price Until It Is Sold.

 

Could invest 50% of this to make some more capital,maybe in property in East Europe

 

What do we think is wrong with this quote?

 

Not gonna hammer the guy. He's doing better planning than most.

 

Do Not Presume You Will Get Investment Returns Greater Than Bank Interest. EVER. You might. You might not. I know East Europe real estate is "hot". I also know that when the general public is aware of something, it's too late.

 

Then when I get 60 years I would have my pension about £13000 year( 25000 USD )

I am taking a 30% cut in pension

 

I would get a far better pension if I carry on working till 60

 

This sounds like your UK state pension. US equivalents do similar things. Your pension size depends on how much you paid in over the years. If you stop paying in due to early retirement, your pension won't be as big. I am surprised just 5 yrs out of a lifetime makes a 30% difference. The UK guys can step up and clarify. UK pension specifics are outside of my knowledge array.

 

The US equivalent does reduce pension payout due to early retirement, but the big decrease like what you describe is when guys decide to take their SS pension payout at age 62 vs 65/66. The pension decreases forever because of that choice. The equation for that depends on life expectancy. If you won't live much past 75, then it is an advantage to start collecting as early as possible. If you are going to plug along into your 90's then waiting the 3-4 yrs and getting the bigger payout will result in more total dollars collected by waiting.

 

It's a gamble, but one you can make in an informed way. If you reach age 62 and you are diabetic, have already had a heart attack, smoke And Are Single, then go for the money then because you aren't going to last much longer. (BTW, single men in the US live 7 fewer years on avg than married -- no one knows why and yes, everyone has heard all the jokes)

 

THE PENSION PLANS ARE UNDER STRESS, AND THERE IS NO RELIEF IN SIGHT. DO NOT GLIBLY BELIEVE YOU WILL GET EVERYTHING THE CURRENT RULES SAY YOU WILL GET. BUILD SOME MARGIN FOR ERROR ON THIS IN ALL CALCULATIONS.

 

BTW, the "informed gamble" mentioned above is part of the stress. The US 62 vs 66 thing was set up in the system on the presumption that people would RANDOMLY select 62 vs 66 to start getting money. Because decisions are being made non-randomly, the pension system is hit very hard.

 

So when I was 60 I would have approx 75000 bahts month and still have

£75000 (150000 USD) plus gains I hope over the 5 year investment i will make

 

at todays rate thats over 5 million bahts being invested.

 

Okay, this is your 50% in Eastern Europe thing. I already commented on that, so let's just look at the rest of these monies.

 

First, let's chop about 7000 pounds off for "friction". This is airfare to Pattaya for research, hotel on those trips, shipping of personal goods, flailing about trying to solve the healthcare questions, buying some toys you didn't need but were tempted into because you had that 75,000 pounds in your pocket. Just . . . friction. Friction ate 7000. You have 68,000 left.

 

Now it says your pension kicks in at age 60. That means you have 5 yrs of life ( from 55 to 60) to fund out of the 68,000 pounds (plus whatever you manage to get out of Eastern Europe -- but bearing in mind you say zero, essentially, One Has To Wonder Why You Are Putting Money In East Europe Rather Than 5% At The Bank). But let's ignore that and just park the 68K in a bank at 5% and send the other 75K to some thief in Slovenia. You'll get 3.4K pounds per year interest on the 68K in the bank. About 238,000 baht/yr or 20,000 baht per month.

 

That's a tight budget. Real tight. It means you are going to eat into savings for 5 yrs until your pension starts. Note that five years is plenty of time for the UK government to start to cut back on pensions.

 

My opinion? Generate some more savings over the next 18 mos, and maybe wait to age 56.5 (another 18 mos) -- as long as you're saving more money. This will give you more and also cut the number of years you have to fund with no pension.

 

Okay, I'm done.

Edited December 28, 2006 by Owen`

[Dr Mick 111]

This sounds like your UK state pension. US equivalents do similar things. Your pension size depends on how much you paid in over the years. If you stop paying in due to early retirement, your pension won't be as big. I am surprised just 5 yrs out of a lifetime makes a 30% difference. The UK guys can step up and clarify. UK pension specifics are outside of my knowledge array.

 

This is my works pension ,I have taken no account of my UK pensions as I did not know

if I could have UK pension if I live in Thialand.

 

Thinking about it I may get a little more money from the state as i Have been paying into this for 38 years

So I may have more money to be paid for Me when I am 65 ,

I did not take this into account as any more money would be a bonus

 

Can anybody tell me more .

[Owen` 2]

That changes things a little, manracer. Works pensions are likely more vulnerable to being reduced than state pensions.

 

So you have more income in the long run than you expected -- this does not affect the reality that you need to fund 5 yrs between 55 and 60.

 

Good job on doing solid analysis before taking the leap.

[bob2005 0]

Thinking about it I may get a little more money from the state as i Have been paying into this for 38 years. So I may have more money to be paid for Me when I am 65 , I did not take this into account as any more money would be a bonus. Can anybody tell me more .

 

You can get a pension forecast by calling the State Pension Forecasting Team on 0845 3000 168 (textphone 0845 3000 169). Lines are open 8.00 am to 8.00 pm Monday to Friday, and 9.00 am to 1.00 pm on Saturdays.

 

They might try to send you a form but just say you'd heard they can take the info over the phone, which is true. But I don't think you can take it before 65.

 

Have a look at your basic position (cash flow possibly topped up by some capital) before considering investing in Transylvania.

Edited December 29, 2006 by bob2005

[pattayachip 0]

i think you have more than enought ,without drinking and barfinig you should be able to do it on 50k/month and still have change left over going jinga jinga ling,make the move andenjoy the good life