"Borrowing" the 800,000 for a retirement visa.

[galt67 2]

I always thought that if you went with the bank deposit route, the money needed to be in the account for at least three months?

First (initial) application is TWO months then subsequent applications are three months (as you said).

[Gary 4,119]

Talking about monthly spending and income really doesn't tell the story. For instance, I could easily more than double my income by drawing down my 401K retirement fund. If I were to do that, my retirement fund would not last long. As it is that money will likely go to my kids after I am dead and gone. That money could be used in case of a catastrophic emergency. Hopefully that won't happen but we never know. Having a lifetime income in the form of pensions or similar is more realistic. I know many guys who rely entirely on their Social Security check. I don't know of any that get a 100,000 baht a month, or if that is even possible. I am fortunate to have another rather small pension from a company on top of my Social Security.

[js007 795]

Talking about monthly spending and income really doesn't tell the story. For instance, I could easily more than double my income by drawing down my 401K retirement fund. If I were to do that, my retirement fund would not last long. As it is that money will likely go to my kids after I am dead and gone. That money could be used in case of a catastrophic emergency. Hopefully that won't happen but we never know. Having a lifetime income in the form of pensions or similar is more realistic. I know many guys who rely entirely on their Social Security check. I don't know of any that get a 100,000 baht a month, or if that is even possible. I am fortunate to have another rather small pension from a company on top of my Social Security.

I think the maximum Social Security check is around $2700 a month. Of course, many people have other sources of income. So, a monthly income of 100,000 baht wouldn't be so difficult to come by, considering Social Security, pensions, stock dividends, etc. Unfortunately, even that isn't a lot of money these days.

[sinbinjack 252]

65,000 baht minus even 15,000 for a decent place to stay leaves one with 1,600 a day for everything. That can't be much to really enjoy retirement.

 

If the issue is one cannot even have that (to prove to immigration on an income basis) then it would be a less than fruitful existence.

 

800,000 all at once is likely to be hard to get for many people.

On what basis would yo think that 1600 baht a day is too little to have a happy retirement?. In the UK I don't spend that much and when in Pattaya I can live comfortably on much less . Not everyone has a new woman every night or spends fortunes in bars on alcohol and lady drinks, but in the UK I cant fall out of bed and into a good swimming pool spend a happy evening in good company at the various quiz nights and only spend 200-300 for my cokes or turn up at the cinema to watch new blockbusters at £2-3, have a great massage every day, eat great food, both western and Thai , and also have the opportunity to bed a great looking lady one or twice a week. For me thats a lot better than living in the UK on the same money . If you don't have the money to pay for the lavish lifestyle then you cut your coat according to your cloth, not go without any coat at all.

[Gary 4,119]

I live comfortably for less than 1,600 baht per day. I don't pay any rent and my vehicles are paid for. I lived on less than that when I was single in my condo in Jomtien and had plenty of company. Maybe I should add that my company were not GoGo girls. I did some drinking, probably too much but not for Pattaya prices. Jomtien bars for the most part are considerably cheaper. If you can't find a suitable bed partner in Jomtien, you are far too particular. That said, I'd hate like hell to have to live on a tight budget.