Hello- I’m looking for ideas about my retirement visa plan to see if I understand things correctly and to make sure I don’t miss any important steps. I am over 50 and wish to retire in Thailand. I do not want to keep 800k Baht in a Thai bank account. I would prefer to keep my money in a US bank and then switch to O-A when I have a 12 month history of 65k Baht transfers.

I am in Thailand presently on an education visa. My thought is to get a Thai bank and start having monthly deposits from my retirement account transferred over for year. During that time, I have a planned return to the US and will apply for a O retirement visa there that I will return to Thailand with and do extensions etc until I have a 12 month history of deposits to Thai account. Then I will switch over to O-A. I like the sound of the O-A long term versus the O because I don’t want to have to return to the US every year to reapply for a new O visa.

Is there anything wrong with this possible plan? I admit being confused by the visa/extension lingo but do know that 90 day reporting is needed either way, as well as a monetary obligation. Also, does it matter that my 65k transfers are from a retirement account and not government issue? I have full coverage health insurance already so that requirement is not a problem.

Thank you!