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
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
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.