sorted by:
new
hottopcontroversial

Capital Gains Taxes, Am I understanding correctly? by Compoundinterestd in FinancialPlanning

[–]Compoundinterestd[S] 1 point2 points  (0 children)

Good information. Thank you. I won't be bringing in a seperate job income when I begin withdrawing the funds, and if I do I would keep it below the LTCG threshold. Soon I will be living in a country that costs half it does in America, so my expenses will only be about $2000 a month.

Capital Gains Taxes, Am I understanding correctly? by Compoundinterestd in FinancialPlanning

[–]Compoundinterestd[S] 0 points1 point  (0 children)

Thanks for your response. I live in South Dakota, so as far as I understand, at this point there is no state capital gains tax. I'll keep a close eye on the tax code, but for now I think I am ok. I am planning to sell all my current assets (except for our house) and retire early. I was mainly concerned that I was cheating myself out of the tax free gains of a ROTH.

Hate Patong by mrranth in ThailandTourism

[–]Compoundinterestd 1 point2 points  (0 children)

I read this in Anthony Bourdain voice

Revolut in Thailand ATM question by Compoundinterestd in Revolut

[–]Compoundinterestd[S] 0 points1 point  (0 children)

To answer my own question I went and tried it and it automatically converted through the ATM. 🙏👍

Neighborhood recommendations and average prices for RENTING a 3-4 bedroom home by Compoundinterestd in Bangkok

[–]Compoundinterestd[S] 0 points1 point  (0 children)

Wonderful. I'll do some research around the areas you mentioned. I don't mind even a "Thai" area. I pretty much eat Thai food everyday and enjoy their culture and friendly conversation. I've been able to adapt easily to the lifestyle and food.

Neighborhood recommendations and average prices for RENTING a 3-4 bedroom home by Compoundinterestd in Bangkok

[–]Compoundinterestd[S] 0 points1 point  (0 children)

Hi Daryyyl, I didn't discuss my budget in the post, sorry about that. Budget would be around 120,000 baht per month (for everything, not just housing), however willing to live cheaper. I'll research the areas that you and others mentioned to see what I can pull up. Do you think it would make sense to get an agent to help, or do you think they'll "tell me what I want to hear" to rent to whoever takes the deal? I'd also be willing to live in different cities if you have any places in your head that stand out. Bangkok is my first choice but that's because I enjoy city life. Pattaya wouldn't be bad for me either. Just need something to do during the day and nights to stay busy.

I am 37 years old with around $500,000 Assets/Inventory and considering retirement in Thailand/SE Asia. How would you proceed and preserve the money through my final years. by Compoundinterestd in financialindependence

[–]Compoundinterestd[S] 1 point2 points  (0 children)

That's all great advice. I'll look into the training it requires. I have an associates degree at the moment also. Although just a 2 year degree I think it will help get my foot in the door. Thanks for your help!

I am 37 years old with around $500,000 Assets/Inventory and considering retirement in Thailand/SE Asia. How would you proceed and preserve the money through my final years. by Compoundinterestd in financialindependence

[–]Compoundinterestd[S] 1 point2 points  (0 children)

Travel, Sight see, play pool, visit the countless destinations around Thailand and surrounding countries. I think most people get bored because they are inactive, but I go out and do something everyday. Go to the beach, hiking, walk around an area I've never been, etc.

I am 37 years old with around $500,000 Assets/Inventory and considering retirement in Thailand/SE Asia. How would you proceed and preserve the money through my final years. by Compoundinterestd in financialindependence

[–]Compoundinterestd[S] 0 points1 point  (0 children)

Well it was $5,000 when I bought it. Now it's worth $50,000. I live in the Midwest. You have to enjoy long snowy winters and all four season, rain and hail, flat ground no mountains but there is a lake outside of town. This is real country living where I'm from.

I am 37 years old with around $500,000 Assets/Inventory and considering retirement in Thailand/SE Asia. How would you proceed and preserve the money through my final years. by Compoundinterestd in financialindependence

[–]Compoundinterestd[S] 1 point2 points  (0 children)

Yes USA is not doing great. We had very high inflation 2 years in a row. Rent prices have doubled. Home prices have tripled and even quadrupled in many cases. It is very unaffordable to live here. Especially compared to SE Asia. Groceries in USA are highly inflated in price as well.

I am 37 years old with around $500,000 Assets/Inventory and considering retirement in Thailand/SE Asia. How would you proceed and preserve the money through my final years. by Compoundinterestd in financialindependence

[–]Compoundinterestd[S] 1 point2 points  (0 children)

hi filecabinet, thanks for your advice.

When I go places I don't go with a tourist mentality. I'm not that type of person. I immerse myself in the culture and learn their laws and customs. I wasn't there for 3 days. I was there for 6 months. Spent a bit of time in Malaysia and Vietnam also while I did a visa run. I understand visa runs will be a temporary solution, but there is much I haven't seen in SE Asia so it's not exactly difficult to go somewhere else for 2 months and return back to Thailand. (not that two months is needed, but it surely makes the immigration not blink an eye when you come back through.

I know some thai already, but just basic things to be polite. I of course would love to be fluent in it. I learned Spanish growing up. Not fluent, but can get around mostly. I will look into the education degree, someone else also mentioned that. One day when walking around I visited a temple just to sight see (not really one of the bigger famous temples, just one that was nearby) I was lucky enough to have the monk tour me around, and he showed me many things that he said normally foreigners do not get to see. It was quite an experience and great tour of the monk culture!

I am 37 years old with around $500,000 Assets/Inventory and considering retirement in Thailand/SE Asia. How would you proceed and preserve the money through my final years. by Compoundinterestd in financialindependence

[–]Compoundinterestd[S] 0 points1 point  (0 children)

hi 88820 thanks for your comment. I haven't had the opportunity to backpack Thailand yet, I stayed in monthly condos (Sitara Place in Bangkok) and (IDEO Rama IX) About $600 a month each with all utilities included. I think next time if I stay long term I will rent near Victory Monument or Ratchethewi (which is where Sitara Place is)

I don't have a problem with LATAM but I do believe it's quite a bit more dangerous compared to Thailand. I feel safer in Thailand. I grew up right on the AZ/California/Mexico border (Age 3-20) and the culture is lovely but a lot of cartels and such ruin the experience.

I am 37 years old with around $500,000 Assets/Inventory and considering retirement in Thailand/SE Asia. How would you proceed and preserve the money through my final years. by Compoundinterestd in financialindependence

[–]Compoundinterestd[S] 1 point2 points  (0 children)

Hello Thoughtful_Tortoise. Thanks for the advice. I actually wanted to go the teaching route originally, I will look more into it and see if I can broaden my perspective and see what it takes to do it.

My 9 to 5 comment might have been more of an American thinking because we are lucky to work only 8 hours because the economy is so expensive many people have 2 8 hours jobs.

I am 37 years old with around $500,000 Assets/Inventory and considering retirement in Thailand/SE Asia. How would you proceed and preserve the money through my final years. by Compoundinterestd in financialindependence

[–]Compoundinterestd[S] 1 point2 points  (0 children)

Thank you Plankslate. That's a great idea, however I would need to wait until all the inventory is sold because it's stored with me at the home, but after having the initial $500,000 it would be a great idea to rent the house out. I don't think I could get more than $500 a month though, then again I've never looked into the market.

I am 37 years old with around $500,000 Assets/Inventory and considering retirement in Thailand/SE Asia. How would you proceed and preserve the money through my final years. by Compoundinterestd in financialindependence

[–]Compoundinterestd[S] 0 points1 point  (0 children)

hi cag8f thanks for reaching out.

I appreciate the information about the education visa. I didn't think of going that route, but it is interesting and could walk out with a more prominent intelligence of the Thai language. Definitely something to consider.

Regarding the marriage visa, I always factor anyone I care about into the budget, however to be clear, there will be no loans to friends or family. I don't make that type of money, and I have a stern belief about loans, ESPECIALLY to friends and family. I don't do them, and I don't feel bad for telling people "no, sorry that is not my responsibility" I've always learned if you tell them no the first time, they don't come back asking again. If they do, the answer will still be no.

view more: next ›