Where are the best places to retire?
| Posted in Destinations, Real Estate, Travel Tips | Posted on 07-05-2010
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Retiring in Thailand is becoming more popular as more people are looking to make their dollars and Euros stretch in their golden years. I hope to spark some ideas in your thoughts and maybe you’ll start to reckon Thailand as a wonderful retirement target for you.
I’m no master in this area, but I do have truly a bit of acquaintance. Nevertheless I am quite a some years before my own retirement (I’m only 40 years old) I have been researching Thailand superannuation because I arrange on eventually ending up there. I’ve found there are quite a few things one requires to think about if they want to finally retire and go to Thailand.
Here’s a list of the issues that I’ve come up with regarding making the jump to retirement in Thailand:
Where will you reside – Depending on your lifestyle and the things you like you have a good selection of places to retire in Thailand. Those looking for more cosmopolitan excitement will want to opt for Bangkok or Chiang Mai, while those looking for a more laid back lifestyle will be looking more towards the provinces of Thailand or even one of the beach destinations like Phuket or Samui. The fine thing is Thailand offers several unlike choices in lifestyle and I’m sure one will fit you.
How much money will you demand – If money isn’t a consideration then no need to worry about this. If however you think you’ll have fixed income during your retirement you’ll doubtlessly want to go for places that are more off the beaten track like the northeast of Thailand (known as Isaan) or some of the more distant beach locations. Even Chiang Mai can be affordable compared to the U.S. and Europe. Those of you looking to retire to Bangkok should assumably have a bit more superannuation income since the Big Mango can be quite expensive if you want to enjoy it fully.
Issues of Thai visas – The visa issue is a major one since you certainly want to be legal while you’re a visitor in Thailand. Fortunately for those over 50 the visa issue is quite simple. Retirement visas are available and they are both affordable and easy to get. If you’re under 50 it becomes more complex and you’ll need some reason such as work or family to keep you long period in Thailand.
Program for the hereafter – Obviously as you age your requires will change. Inflation will also eat into your retirement in Thailand just as it would in the west. Health care turns more essential as well. Consider your needs 20-30 years from now and have a plan before moving to Thailand.
Insurance – Will your latest assurance cover you abroad? If not then you’ll want to make agreements. Healthcare is readily 1/3 the cost in Thailand as it is in the west, anyway it will still be expensive if you have a principal health emergency.
Buying vs renting in Thailand – While renting drains your assets without adding any equity it is still the perfect choice in Thailand. Owning real estate is not a potentiality in Thailand (well not easily anyway) so renting is your only alternative in several cases. Are you able to inhabit with this or do you need to be able to own your own location be it house or condominium.
While not comprehensive by any means that’s at least a quick run down on deliberations for retiring to Thailand. There are apparently more things to think of, but total in my viewpoint there is no place like Thailand. If you’re looking for adventure and unique living in your retirement then I strongly recommend you give Thailand a thought.

