Ken *******
This is a summary of
Ken *******
's contributions to the platform. They have posed 9 questions and added 35 comments.

QUESTIONS

COMMENTS

Ken ********
@Roberto ********
yes but I, the OT, am not talking about pensions. I could potentially start taking Social security (not) but I'm doing this out of substantial savings and rental income.
Ken ********
@Dennis **********
THIS is really the crux of my post here. In my case. - the plan of leaving the 800,000 in doesn't help in establishing a monthly deposit of 65,000 to get the 800,000 back after the first year of a non-O visa. Interesting tradeoffs perhaps? Getting the 800,000 back allows it get interest in a US bank, rather than none in Thailand. And perhaps that interest income more than offsets the tax that would be paid by continuing to send 65,000 THB into TL for every month into the future? .... Rather then keeping that 800,000 in the bank and doing cash as you say.
Ken ********
How is all that proven and shaken out? I mean my taxes for 2024 wouldn’t even be filed until August of 2025
Ken ********
yes I guess that includes accounting for ATM use then
Ken ********
@Roberto ********
I’m US - this is not pension. I am NOT taking Social Security yet - but could if it would really help in this situation, it would just about cover the 65,000 per month. I have rental and small amount of job income which is taxed, as well savings account that can cover it
Ken ********
@Andreas ********
that’s what I heard BUT I was able to send some money out of Bangkok bank with my Wise account into Wise and then transfer to a friends Wise account as well. She wanted to try so We tested this out last week - had to use BKK debit card to set it up but seemed to work and she said maybe same rate as Dee but quicker?
Ken ********
The real question is getting the baht back to dollars - but that’s maybe another thread. Like getting that 400,000 back out after 3 months in with the retirement visa. Some say deemoney but there’s also ways with Wise if you know …