It works for you, which is great, but not necessarily "the best arrangement". To put 800,000 dead money in a Thai bank earning about 1% when I can be getting 9% tax free is not sound financial strategy. I get a monthly pension which easily covers the 65k, so for me it's by far the best arrangement. I do the monthly transfers myself at the beginning of each month so I have peace of mind!
Not really. It's dead money tied up for the rest of your life. You still need to bring in money to live on. The 65k transfer method is by far the best method
No you can't. If you employ a local you have to pay them minimum wage and social security. In order for a foreigner to do that you must register a business, get the correct visa and hire a minimum of four Thai people