The O-A was also for many years known as a retirement visa at several embassies in Europe. The 50 year of age requirement has nothing to do with the official retirement age in western countries.
Parking 800k in a Fixed Deposit Account in Thailand is not a bad deal. It's accepted at immigration.800k isn't imo a fortune if you've been working your whole life and are retired.
Yes, but it's not s tourist visa,it's a 1 year visa based on retirement. How people are using it is totally irrelevant. Correct terminology is important when discussing different types of visa.
Yes,at some offices you can travel in Thailand and do the next 90-days report if returning to the last reported address.This is the case in Chonburi immigration in Jomtien.