Most of my income is from non-federal pensions so it was an open question for me for my 2014 taxes. Everyone’s income and tax situation is different. Either seek professional help or not.
I would assume they are not all the same. Last year I hired a tax firm in Thailand to file my US taxes and advise on my tax obligations in Thailand. So either read the DTA yourself or hire someone to do it for you . . . or not. I'm pretty sure many are just not filing anything.
I know the US has a tax agreement with Thailand that exempts taxation of Social Security and other federal pensions but doesn’t exempt other types of pension payments. Best to check the tax agreement your country has with Thailand.
To me the Elite Visa made the most sense for someone under 50 to bridge to the day they turn 50. I do know a couple of over 50 retirees with 20 year Elite visa’s and they love it.
I had one bank account with 800,000฿ + 400,000฿ (emergency funds) + I topped it with monthly expense money. I did this for 6 years before getting my LTR.
Actually, this is not as straightforward as people make it out to be. It will depend on where you choose to live and what lifestyle you adopt. Like anywhere there are cities, suburbs, and the countryside. Parts of Bangkok would probably be the most expensive choice. Generally, if you expect to live exactly as you do in your home country or live like you are on a 2 week vacation then you won’t realize much savings. Thailand won’t be more expensive than your home country but you will have to adapt to local products, food, and culture. That is not a bad thing. $3,000 should be plenty for you to live a pretty comfortable life depending on your choices. Also factor in initial moving costs, visa expenses, health insurance, and savings to act as an emergency fund or funds to return to your home country if you decide Thailand is not for you.
You will need a residency certificate but the property is your wife’s. I was able to get a yellow book for my wife’s house but there are other ways to get a residency certificate.
70 years is generally the cutoff age for not being able to get insurance. You definitely need to contact an insurance company yourself. What I am paying is irrelevant to you.