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Mike **********
This is a summary of
Mike **********
's contributions to the platform. They have posed 3 questions and added 40 comments.

QUESTIONS

COMMENTS

Mike ***********
@Sylvia *******
Sylvia how much Thai have you learned. Hahaha.

Everyone she is my friend. We talk about how hard Thai is to learn.
Mike ***********
@Peter *********
I understand the Social Security part now. I read that too. Just a little confused if I transfer other money for living expenses of I wanted to purchase auto etc.
Mike ***********
@Mike ********
it sounds like 800k is the best way to go. Then wire transfer as need. Set up auto pay on monthly a curing payments. Nothing going into bank that way. Doesn’t show that as income.
Mike ***********
@Peter *********
what if you have had the 800k in a bank for years and transfer. Already paid tax on it? Do they still double tax? I would show my monthly deposits coming from Social Security Security which will be well above the 65k monthly needed
Mike ***********
Depends which country you are coming from. I could be wrong but everything I read is funds from Social Security are not taxed in Thailand if earned in USA. They are taxed there. This is on retirement visa with no other income.
Mike ***********
You see all the blogs about how cheap to live I. Thailand. People say they live on $800 US a month. Probably but no better than a poorer Thai person. No one would choose that if they had a choice. I understand many don’t.
Mike ***********
I’m glad to read this. I’m hoping 120,000 a month will be enough. Probably wont stay in Bangkok for long once I’m there. Maybe Chiang Mai or Udon Thani for 6 months then Hua Hin or Pattaya for 6 months during burning season. Spend time in different areas to see where I really want to settle down.