@Mark *******

you still ‘for the life of you’ can’t figure it out lol. Because basic finance is not your thing. Let me copy/paste from your previous lesson and you can tell us what you are failing to grasp.

Mark Hudson it would be quite the opposite. I make 7.2% on govt backed term deposits in Mexico. There is 10% withholding tax on foreigners. So net gain is 6.48% which is lowest in last 8 years.

On 800k baht equivalent, the 6.48% net is 51,840 baht annually. Agent annual renewals cost about 16,000 baht annually leaving with 35,000 baht annually to put on your bar tab. Or 350,000 baht every decade of retirement.

And… you waste zero seconds of your life bogged in government and banking lineups and bureaucracy. But any smart retiree can figure that out in about 10 seconds

@Michael *******

for 3+12 months?

You were quoted this amount by which agency? It’s never been 55,000. It’s more likely you don’t understand what you were quoted for.

See the answer from TVC in this thread for correct answer.

It hasn’t changed yet. Do nothing

@Mark *******

agreed - I’m also sure you don’t quite see… must like this whole thread. Some miles over your head. Thx for offering absolutely nothing useful for the poster. I’m sure he appreciates it

@Pete ******

wrong. my maths don’t fall apart at all. They are basic and clear. Even you can follow along.

You are talking about an entirely different situation in which the retiree deposits 65k monthly in order to qualify. Which the poster hasn’t asked about. And not everyone can or wishes to do. If the 65k method is possible- use it. Obviously. It’s a very good method. But still requires you wasting time at bank and immigrations offices.

Also obviously, if you have prepared decently for retirement, LTR is the optimal solution. Which I also didn’t mention as it has nothing to do with this posters situation.

@Mark *******

the cheapos I’m referring to are the likes of you mate. You don’t grasp the rudimentary basics of finance. For which the annual penance is groveling in line at govt offices and your bank. Good on ya. I’m sure some people like you would move here for the bureaucracy alone.

If you had a clue how to prepare for retirement, you would be like the thousands on LTR. But didn’t think ahead did ya

@Mark *******

try to follow the thread mate. And why would I read anything else you write? You are struggling badly enough here. Keep on track. Your pensions post is also useless on this case. Shuffle off. You sound a bit slow

@Mark *******

try to keep up mate. Nobody gives a 💩 if YOU mentioned it. The poster is looking for a solution. And not your clueless assessment

@Ling ****

exactly so!! Out front financially 💰 and zero hassles.