Thanks for watching. Here are links to the videos mentioned: --Medicare for Americans Overseas: th-cam.com/video/aNu4-RWQ91I/w-d-xo.html --Dating Thai: th-cam.com/video/HKJhw3nrj7A/w-d-xo.html --Freelancer or Nice Girlfriend: th-cam.com/video/hhqNpBzPGn4/w-d-xo.html --DTV Visa: th-cam.com/video/DqVn_Ml8Wh8/w-d-xo.html --Best Time / Seasons in Thailand: th-cam.com/video/jaPxHl2Sl4g/w-d-xo.html --Best seasons, prices and less tourists in Chiang Mai: th-cam.com/video/x6aXSvDeESM/w-d-xo.html 🔴 SUBSCRIBE AND RING THE NOTIFICATION BELL 😊: www.youtube.com/@RetiredGlobalLife?sub_confirmation=1
Finally someone does the video I’m going to do. 50/50. I enjoy where I live in the states except 4-5 months a year. due to the weather. I’m going to split my time between states and Thailand/Vietnam.
@@RetiredGlobalLifeI don’t need to worry about visas, Banking, or basically medical care. Yes I’m covered in Thailand or Vietnam with my medical insurance when I travel. I’m just not at the point where I need to live outside of America yet. Ive already lived outside for a total of 10 years in the past and I just enjoy where I live 6 months out of the year
For those living in the US it must be a more difficult decision. Americans can simply move or vacation in a tropical climate in the southern US without worries of passports, language issues, and visa payments. Spending a few months of the year in Key West or Miami Beach would suit me just fine were it not for the stupid cost of accommodations. Last time I tried to book a one month AirBNB in Miami they wanted $5000 Cdn dollars ($3700 USD) for a basic one bedroom condo in Doral .. .not even close to being beachfront.. California where the presenter is from, tends to have shitty weather in the winter... mild but with lots of wind and rain... For the rich - there is always Hawaii. For us poor souls in Canada there is no escaping the cold from mid October through to mid April.
@@rdefacendis Yes, the US has Hawaii, Florida, etc, but that does not give you the fun and adventure and cultural experience of going to a foreign country like Thailand, not to mention the low costs.
I'm looking at 3 to 5.9999 months in Thailand during Nov-Apr, maybe May & Jun in Albania, then either Jul in the Baltics or back to the States for summer & fall.
I am a Vietnamese female came to the US 50 years ago, got an excellent education and professional job, now retired and enjoying life on the west coast. To be honest, I visited Asia Vietnam, Korea, Japan, Thai, Singapore, etc… many times, each for two or three weeks, and can never stay there longer than that. I miss US so much when I’m out traveling. I miss the fresh air, no noise pollution, clean water, large space, gorgeous natural scenery hiking, skiing, backpacking, safety on the road, no bargaining, hobbies and family. I feel I can make better use of my time and feel more in control living in the US. I also enjoy western art and European architecture more. I can afford to retire anywhere in the world but prefer US as my home.
The US has a lot ot offer, but for many of us born there it is not the country we remember and other nations offer excitement our home ountry does not, perhaps why you are not in your home country too. Nice to hear from you. Come again.
Yes, totally agree. I enjoy my time in California. My wife is Thai- she feels the same. We will do 3-6 months Asia - Thailand homebase- but traveling to various countries. The media/news is always negative- turn it off and life is improved. After 2-3 months in Asia refreshing to come home.
@@RetiredGlobalLife Here you have made a distinction based on the place of birth. In reality, I would say, that she, having lived in the US for 50 years, haven't missed much of what you have seen while growing up! Of course, she might not have been as integrated with the main stream as you were. Thus, some of the socio-political aspects might not have been accounted for by her. By the way, I am from India. Lived in the Midwest USA for 10 years working for a multi-billion dollar corp. Had my Green Card. Nevertheless, I returned back home, as there is nothing like one's own home, IMO. Moreover, as you have described in one of your videos about family bindings in Thailand, the same is true in India as well. I had to take care of my aging parents. Don't misunderstand me. I love you channel, love the way you select topics, how you present, your personality, the scripts everything. I do consider US as my second home, although I haven't been there for over past 20 years and although my only child is living there for past year and half. She will be graduating this summer. The point of my extended post is there is nothing like one's own home, own country. I am frustrated with the situation in my own country as well. Nevertheless, it is my own! No one here can ask I or will ever ask me "Where are you from?" or "How do you like it over here?". You see! I do plan to visit / tour Thailand, maybe spending a month or so, with my wife sometime in near future. This made me an avid watcher of your channel. I am finding a lot of helpful information on monthly rentals, foods etc. Keep up the great work!
the clip after 'tax', had me laffing out loud. Great content as usual. One of your subscribers asked in a previous vid, if you could do a vid for women expats, I would love to see that, food for thought.....
Great info. I'm planning on visiting Thailand in the next few years for a longish stay. 90 days. I will be retired by then. To escape the Australian winter. Thanks. 👍
I identify with so much of what you said in this vid. I'm 62, retired, quite well off, own an oceanfront Thai condo, have living parents in the US, and I live in a very beautiful part of the US myself. I have a dual citizen Thai- USA girlfriend. I don't want to move to Thailand because of my health insurance and the annual Thai tax return headache. I'd rather travel there 179 days of the year.
@@USARAY1947 Having the GF is only nice about 6 months out of the year ;-). But at least I get a bit of freedom when she goes to the vil to see her mom.
Your videos & the ensuing comments are very educational. I’m following my brother who’s been part time since 2020. His knowledge has been wonderful but there is always more for me to learn for myself. Thank you!
GREAT.... Video !!! Long story short. This video couldn't have come out at a better time for me. You have successfully covered quite a few concerns about moving to Thailand that I had . This was more of a motivational video than anything else. Thanks and keep up the good work.
You have opened my eyes to another avenue to Thailand. Thank you for your helpful insights. Keep up your positive prospects of Thailand and always ad what caveats you can.
great video. I'm Korean-American and currently living in Singapore. after watching all these Thailand and Vietnam videos, I'm thinking of leaving Singapore and spending a portion of my time in those more affordable countries. also, my mother is in her 80s in Korea so I need to spend more time with her. thanks for your wonderful ideas.
As a Canadian, this has always been my choice. 50% in each country is great for my Thai wife and I. I can keep my health insurance in Canada and still have a nice vacation in a hot country. You sort of touched on family matters but that is a big reason to split time. We have two children that we want to be involved with.
YOU CAN WORK, YOU DON'T HAVE TO WAIT TO BE OLD AND RETIRED!! I was able to start doing 50/50 8 years ago at 41 years old. I work in Calif half the year making great wages, hanging out with family and friends then chill out in Thailand half the year. I can't be the only one that didn't want to wait till I'm 62 or whatever.
Thanks for the video, very useful. I plan to stay in Thailand for many months so the tax aspect is important. I am Italian, and with Italy there is an agreement that avoids double taxation. However, there could be the risk of having to file a tax return in Thailand, open a tax position, costs for related consultancy, etc., so this is a critical aspect, and also I was unable to find the applicable laws. Thanks again and congratulations, greetings from Sardinia ❤
That was a great informative vlog. Always so clear and easy to understand.Thank you . Some of us can't leave home entirely though we would love to, but this has given us something a little different to think about !!
My idea is 2 months in Thailand, 3 months in Europe (I have lots of people to stay with), 1 month with my son in Canada, 1 month with my sister on the east coast, and 5 months at home in California. My fear is still making friends. As an older woman, it wasn’t easy. There were 10 men my age for every woman my age in Chiang Mai. I like friends of both sexes, but the men weren’t looking for an older friend, they were looking for a romantic partner. My attitude was right, but it didn’t help that I was there at the wrong time (burning season). Next time, I’m thinking September & October. I don’t mind rain and clouds and hopefully, it’d be easier to make friends then.
Hi Randy. I think that's a good strategy to decide if Thailand is for you. I'm intending to move there when my doggie passes. I like living here but love has a bigger drawcard. Enjoy Krabi👍
You cover here a lot of advantages I already considered. There is only one big disadvantage: You have to maintain an apartment in your home country and somebody who cares for it. And it's necessary to keep it to benefit from the health insurance at home.
Great video and good info. I did not know Thailand has a six month visa program. I know the new DTV is a 6 month visa for digital nomads though I will check that out. Thank you.
I’m very happy I found your channel. I’m not quite at 50-50 yet because I still operate my practice all the way somewhat reduced schedule that allows me to come to CNX every few months. I’m fortunate to have a lovely partner here and we’ve built out a home together and so life is fairly sabai and counter balance by work life in the United States, along with being a part of my adult children and their lives. Like you, I also am fortunate to have my mother still in reasonably good health in Southern California that I enjoy seeing more, especially as she and my stepfather get closer to 90 years old. I came to Thailand, 15 years ago on a sabbatical from work and it’s been a blessing ever since.
Randy , The video was useful and informative. I have been doing the 50/50 thing between Illinois and Chiang Mai for eleven years now typically arriving Chiang Mai October 2nd and going back to the states April 20th. Although that is more than 180 days, my time “in country” is theoretically reduced by the international travel that my Thai partner and I do. I’m on a non-immigrant O-A and will probably get another extension on that basis in January, although I might look into DTV as well. Despite your taxation reassurances , I still fear CM immigration getting frisky with extension denials due to non-payment .
Thanks! We will see and soon electronic visa in the mix maybe in December. I think the Thai gov is so disorganized I can't see them having the tax thing related to visas all organzied for many years.
As usual another great video. My thai wife and I just arrived last week and both dealing with our jet lag. The new tax law is a bit of a concern, but you have to deal with it regardless what country you reside. The information regarding the HMO component was interesting and I will follow up with that.
Hi Randy and Joy, :-) You are one of my 2 favorite Thai channels. I did 6 months pre-covid and 3 months this last spring. I like Chiang Mai, Lek Chailert's ELP, as well as the clean ocean locales. I am American and have been looking at 50/50 for a few years now. Yes, changes in taxes and visas, options...sometimes spins your head. . This was nicely put together and though I have no ties in the US, I like the idea of maintaining something here. I am a managed Heart Failure patient and like my homebase even though BKK Hospital in several Thai cities has excellent heart care. My problem to "pulling the trigger" has been purging and simplifying. Hoping to get that done over the next year and start. Thank you for this video...kind of an incentive piece :-) My best to you and Joy
Thanks, Mickey, very kind of you. Sorry to hear about the heart issues but I'm glad it sounds like you can still travel. So I'm curious... who is your other favorite Thai channel?
@@RetiredGlobalLife I think Chris, "Retired and Working for You" does an excellent job of providing expat info, as well does tremendous outreach oin raising money to help schools and Karen villages. I got to teach school in a small Karen village for 1 day. I had a blast as the "farang" to the little kids. Thai are a special breed of people. Hard to find here in US. Originally from Traverse City, Michigan (God's Country), but had to move to TN to care for my daughter. After 2 years of undiagnosed pain, I an hoping that we will find the answer soon. Ideally, I'd like to come back over next May. I was engaged to a Thai woman, but broke that off when I was there this last spring. I'm an old romantic fool, so I'll be looking again when I get there :-) FYI, I am switching this election period to an Advantage program. Take care and I'll keep watching. Would enjoy speaking with you again
@@RetiredGlobalLife :-)....Too many channels on just walking down Pattaya Walking Street and Soi 6. Just need the good info. I would enjoy meeting both Chris and yourself. Appreciate the solid view on all things "real". I will revisiting many a video as time gets closer. Thank again :-)
The 6 months out of Thailand works seasonally, too, avoiding wet season (as you covered) . Im doing it to avoid being a tax resident. Gives me the opportunity to visit my ageing mother in Australia. Great video covering a topic i havent seen covered before. I have a property in Australia rented out & spend my time in Australia with my mother which she appreciates
That is ideal actually! You get to enjoy the best of both worlds. BTW, you have really healthy genes, I mean your mom is 90 and dad is 95 and they both still look great!. When I get to retirement age, that is what I want to do, as well. Spend parts of the year in Thailand and parts in the West.
Great video! It’s my goal for when I’m like 45-50 years old, so still 10-15 years to go 😁 Live in a country like Thailand during the Dutch winters for 4-5 months and come back to the Netherlands during the summer 🌞😎
Thank you so much , I am exactly in the position you described . The overseas health insurance was a big issue this will be very helpful ! I believe we are neighbors I to am in CA. Please enjoy and if I am in the Chang Mai area again dinner is on me !
Great video, thank you for your time effort and content. I appreciate you 😎👍🏻 For me, I’ve been to 57 countries, I spend most of my time between Miami and Medellin. I lived in 8 countries. I will be including Thailand again soon as I used to live in Bangkok for 1.5 years. My biggest advice is for the commenters who have big mouths from developed countries and look down on the Thai people. Actually as a traveler or expat, you may be more affluent than the Thai people but they (in general) are much higher quality than the clown world that the poor US/UK etc generate/produce. Facts 💯
I thought I already replied but maybe I didn't. Thai people are like the rest of us, good and bad, but mainly very good, humble people. More than I can say about a lot of places.
@@johnclark8637 friend, a guy must have someone show them them the ropes there. Trust me, I’ve been to 57 countries and Columbia is “by far” the most dangerous!!! 35 Expats were murdered last year. An untold amount that is drugged and robbed. Thailand has many simps in general.
Wow! You described the tax situation accurately! Too many TH-camrs muddle the facts. The only thing I would add is on the topic of pensions. Pensions not being taxable applies to federal pensions like US Social Security. I don’t believe it applies to work pensions, such as my University of California pension, or state pensions.
UC pensions are considered to be public like other state government pensions and taxable only in the US per the Tax Treaty. Private pensions are also subject to Thai income tax, but are offset by whatever income taxes you pay in the US per the treaty to avoid double taxation. There are ways to change your US state of residence to avoid California state income taxes also.
@@FredPantone294 I am talking with a tax advisor. Federal pensions, such as Social Security, are taxed by the US per the DTA. A state pension is not protected by the DTA and since I am a tax resident in Thailand I am subject to Thai tax. However the portion of my UC pension that I remit to Thailand is protected by my pensioner LTR visa. That leaves the remainder of my UC pension. I will see how that plays out when I file in the US and Thailand next year.
@@FredPantone294 I stopped paying my CA taxes in 2019. I was in contact with the CA Franchise Tax Board earlier this year. I showed them my passport proving I was living in Thailand and they replied that they no longer consider me a tax resident in. I am not a tax resident in any state but I do file a federal tax return.
@@martypoll I would refer you to the US-Thailand Tax treaty Article 21-Government Service (California is a subdivision of the United States.) "Any pension paid by, or out of funds created by, a Contracting State or political subdivision or a local authority thereof to an individual in respect of services rendered to that State or subdivision or authority shall be taxable only in that State." You may want to check the credentials of your so called "Tax Advisor."
@@FredPantone294interesting information. Thank you. My retirement income is from a state & a municipality. I’m definitely going to need a tax consultant if I go beyond 180 days.
There are compelling arguments for doing 50/50, it really comes down to the individual's situation and their wants/needs. I'm still a few years away from retiring, but I'm trying to educate myself on the myriad of decisions I will face once the day arrives. I have a home in the states, it won't be paid for when I want to retire. Renting it will bring in funds but the majority of it will go to pay the mortgage and property management, so not a lot to gain. Plus it could make me liable to continue paying state income tax too. Decisions.....decisions. At least I have time to figure it out.
Randy, excellent video! Info is spot on. You and I are very like minded. 👍 Gigi and I have already decided to extend our travel from our normal 90 days a year to 187 days per year. I don't want to file a thai tax return 😫 I don't need that BS. So, by extending 2 of our normal trips from 30 days to 90 days. And an additional trip of 7 days. We don't increase our air expenses and we decrease our hotel expenses by getting a 90 day rental. And we get more time to explore our vacation destination. At the same time we avoid the thai tax return bafoonery. I just came to this realization in the last two months.
And more encouragement, if you need it.... I left America for Chiang Mai when I was 34. I started teaching and never looked back. I've also lived in China and am currently in Japan. From my 30+ years of experience, I would say less than 5% don't make the cut - for various reasons. I'm looking forward to a 50/50 split between Japan and Chiang Mai in the not to distant future. See you soon!
Good topic and information. Living 50/50 makes sense if the Thai government decides to double tax retired expats. The 50/50 idea is good if you can afford to maintain paying rent in your home country while living part time in Thailand. Now it's wait and see what the Thai tax man decides!
Personally I think the treaty against double taxation will eliminate tax owed in Thailand for almost all of us, so I don't worry, just the annoyance of filing a return.
@@RetiredGlobalLife hopefully the Thai gov won't change the double treaty. If they do then i guess I'll dodge the tornadoes n hurricanes in Texas n Florida instead
Hey, this is really interesting. There is a lot of friction against selling everything and going all in. This idea isn’t inexpensive as I’d have you maintain my residence etc., but as a first year plan it might be worth it to reduce my worries and inertia. Let me crunch some numbers and think this over. Thank you for the interesting idea 🙏🏽
Would be nice from a money point of view for sure , to work in uk 🇬🇧 & split the time .. but I came here full time 18 months … no regrets at all. Pulled the trigger & rolled the dice 🎲 ( I know you like this phrase) Only live once , live as best I can do here full time 😅🙏 good video again ..
@@RetiredGlobalLife thank you. I’m trying my best. Just split last month from girlfriend 🥹so find it a bit sad , lonely 😞 & tough presently 😑. But I’m sure it’ll get better. Just been to Ubon R. Later this week go to Khon Kaen 🙏
My wife and I live part of the year in the US and part in China. We also have been going to Thailand for a few weeks a year. After having worked in Thailand for four years I can tell you that health physicals are cheaper and more extensive in Thailand. I will have to check on Medicare Advantage. I didn’t think it covered emergencies overseas. But maybe it depends on who it is through. I have a Medicare supplement that covers emergencies up to about $25k
Canada only exempts capital gains on primary residence. All other properties, such as cottages, rental properties, investment properties, are all subject to capital gain taxes.
YES! I often stayed away from the States from September to February, off and on. I just avoided Election time, Halloween, Christmas, and New Year. This is my 50% time away from California. The ugly political scene is going on right now so I stay away from all the news and periodically check the local news-not much good news there, no big things, just the usual shooting and killing and homeless and police violence news. Christmas brings out the worst in people-fighting for parking space at shopping centers, fighting to get some junks for gifts that will be returned later, upsetting for standing in line too long to pay. Already Costco is filled with Christmas merchandise in September. I remember, long long time ago, Christmas was peaceful. Beautiful Christmas lanterns dotted my neighborhood. Beautiful nativity scene illuminated some homes, not too many because my people are mostly Buddhist but we enjoyed the Season greatly. On Christmas eve, my neighbors quietly went to the Midnight Mass. Our neighborhood was quiet and joyful at the same time. And we kids thoroughly enjoyed the Christmas Season. Our neighbors did not mind kids looking through their door admiring the Nativity Scene. That the Christmas I always remember. 50% 50% residency is great until our body says Enough and our mind has to work hard to decide. Those of us who are over 65 should experience what it’s like to be in a nursing home in the States (just visit some and stay for a few hours) what kind of care we can afford (do we have to liquidate our home and assets?) what other options we may have. A stroke or heart attack won’t give us warning letters, not like the IRS. Are you willing to pay $7000 a month and just silently sit in a corner in the lobby looking at people coming and going like an invisible being because no one stops and says Hi to you? Don’t believe my words. Come and see for yourself. 50% 50%? Just a short term solution. Don’t wait too long to prepare a decent shelter for the Winter of our life.
There's also much nicer and cheaper long-term care in Thailand. Or even just have daily maid/cook and nurse visits for those still mostly independent. There's a nice one right there in Chiang Mai, or other places. Also veterans are covered in certain hospitals, though you may have to pay and get reimbursed at places.
Enjoyed, topic it is applicable to my situation. Thank you! Also, I laughed at one of your terms, "naughty adventure". I'm going to start using that when people ask me about some of those naughty adventure locales...
How is the flood clean up going in CM? WILL BE THERE DEC. 15 for a month. Cool thing, we got a rental for part of our stay near north gate that is the house we used to live in 20 plus years ago!! Oh, any suggestions on a sim card or ard they all pretty much the same wuality. Will buy at 711 probably for 30 days. Just wondering about the best carrier.
Flood issues pretty much out of sight now, just some dust on some small street from dried mud but that is less and less. You will not notice. All major companies are the same. I go with AIS. Best wishes.
Whether you are half-time or full-time the pensioner LTR visa can be a great option if you can meet the financial obligation. No money in the bank requirement and no 90 day reports and no taxes on money brought into the country. There is a health insurance requirement that you can satisfy by having $100,000 in any bank account. To qualify though you must have a yearly passive income of $80,000 income (pension or investments).
Yes, I agree, the LTR is a great visa. But sadly it is hard for people to quality for it. Even if you are well to do financially, many do not have their money fall into the right categories.
Yes, I agree. I have gotten the LTR visa too for the same reasons mentioned. However many are unable to satisfy the financial requirements of the LTR visa for retiree.
@@mauimixer6040 The LTR is 50,000 baht for 10 years. The cost is not much different than an O visa depending on how you look at it. Getting a pensioner LTR is very easy to apply for but it has steep financial requirements - a passive income of $80,000/yr.
Thanks for this as it is my intent to spend up to four months in Thailand each winter. Canadian winter sucks but the other seasons are great and I wouldn’t want to miss them. I don’t want to bother with the visa bs either but I will still have to do something as four months is exceeds the current visa limits. I’ll figure it out as the Thai visa system sounds like it will work for me.
Hi Randy, I also spend 6 -8 Months in Thailand but have to get out of the heat here in Mar,Apr,May I also have a sister,two daughters and 2 grandsons and my Thai wife has 2 sisters and 2 nieces in Australia . We are also both permanent residents of Australia and if you don't come back within 3 years then you may have to re-apply. We also keep our universal healthcare coverage so we are therefore lucky to love both places.
That’s exactly what we’d been pondering as I am close to retirement (my husband already retired). We are in Socal too and love our home here. Though i am Thai i haven’t spent much time there since I was 13 when I left for school
@@RetiredGlobalLife Always appreciate your video. I also wonder if there's any benefits on the California taxation if the residency in CA is less than 6 months
I'm 45 and have had a relationship with a "nice Thai girl" in Thailand for 2 years and thinking of giving up Europe and moving there. Always good to hear about the options.
Been doing the 50 / 50 split for that last 2 years. Going in Oct and back to UK end March, therefore missing the UK cold and wet (grey) winter. Have property in Jomtien and UK and love the split location.
I am thinking of 50/50 similar to you. Likely not 100% Thailand. Splits Malaysia, Thailand, Cambodia, Indonesia, China and Philippines there. Similar to your condition. I own the house at Rancho Penasquitos. 66 and retired on the Medicare and SSI. Kind of struggling how to manage our SD house while traveling. We are going to do test drive to Malaysia, Singapore and Thailand trip in Feb or March after we do the tax. Just wonder what airline you used to flight back and forth. When will be better time to buy tickets? I looked at thru google flight web side, could not tell or judge what will be average fair price. Thanks for sharing your info and experience.
Flights have gone up so much the last few years. I usually fly EVA Air or China Airlines. All airlines seem to give you the best price when purchasing months in advance. Even in low season, I got stuck with a high fee due to being lazy and not getting my tickets in advance. Flights.google.com is good for comparison prices as is skyscanner.com.
Thank you and yes. Nov and Dec are perfect although more tourists then due to best weather. Jan usually fine but sometimes especially in second half smokey season can start.
We' ve almost finished 5 1/2 months in Thailand. Have been doing this since 2016 ( except 2020/ 21) using different visa, no visa options. This year, we came in visa free then extdnded once. Did a quick trip to Malaysia and got a visa. The 60 day exemption came in just before we had to extend. So another quick trip and back visa exempt. Almost got tripped up twice. In Kota Bharu we almost got denied a visa because we already had Thao visas in our pasdports. Their policy was based on their instructions from Embassy in KL. Then our 2nd border run we stayed out 1 night but Immigration wanted at least 3 nights out. Luckily the head honcho had seen us the trip prior so he stamped us in. Others might not be so luvky.
Thanks for the great input. They actually have a formula I think, and I hear less problems with air crossings than land crossings. Also, you can check around. Online people keep updates on which entry points are problematic. The border runs can't go on forever. They don't want to think you are a full time resident and avoiding the right visa.
lots of americans are buying houses/condos in japan and they're cheap. maintenance fees on condos are really cheap. I just bought a house myself. Its only a 6.5 hr flight from osaka to bangkok and guam usa is only a 3 hr flight to access your medicare. Right now flights to guam are about $300 round trip from osaka on United and Peach airlines in japan has some great deals flying into bangkok. If someone made their base in guam, there are direct flights to manila and then you can connect onto bangkok. property taxes in guam are really cheap as are condo maintenance fees BUT electricity is expensive as well as food. You pay no income taxes in guam if you make no income on the island. You only file federal. For retired military guam is even better as you can use the military hospital and use the px for cheaper groceries. For those of us, me included, that are allergic to the us mainland politics, japan/guam is a nice alternative. I occasionally shop at the guam home depot for stuff i can't find in japan and i live very close to a huge costco in osaka to get my favorite western food
But Thailand is the land of Smiles, Japan, is not, sorry, but it's a good place for a visit, but too uptight for me. Vets can also get hospital care in Thailand. 😊 Why would anyone want to live on Guam ?
@@mauimixer6040 for some people japan is not a good choice and not everyone is a vet that has tricare which is great insurance. The expat crowd here is the more risk averse type and doesn't like chaos which you and i would call boring but after age 70 medical insurance gets very pricey and with pre existing conditions it gets even more difficult to find insurance. Some people don't like it that you can't own the land under your house but others don't care. Some people don't like running across the street or risk getting run over. I also see so many that can't handle the heat in thailand that they have to stay under a/c all day and can only come out at night. Its all about preferences and its good to know there are alternatives out there
@@gregh7457 Thailands heat is my only real problem , and at going towards the 70 mark , I don't really have interest in buying anyplace, especially with if living in Asia, as you said, flights aren't that expensive nor long which as a renter or whatever, it's easy enough to move every now or then. And yes, it's great being a vet for always having the health care, especially if you're at 100% disability. I actually never knew until 12 yrs ago about that until it came up talking with another vet , nor that I could claim any disability once out of the service. Found out since then that about half the vets have no idea either. All I mainly remember is that you can get a VA house loan guarantee. I guess they don't really care that much, once you're gone? Love the Thai people and culture, just wish there was Somewhere there a little cooler. Nowhere is perfect, I guess, just like Hawaii is awesome in many ways, except the expensive everything, except the beach, and being so far away from anywhere else, can have it's drawbacks. Glad you're happy there , and hopefully I can visit Japan, before it's too late. Aloha from Maui 🤙😎🌈🌄
@@mauimixer6040 we sold our place in waikoloa village on the big island 2 years ago. The year prior there was a huge fire above us and coming fast. They evacuated the whole village. The volunteer fire dept on the big island kicks ass. Can't thank those guys enough. In the 15 years we lived there i had never seen anything like it. The climate there had changed and along with the expenses of keeping up a house was the last straw for me. I couldn't believe it when i got a quote from a landscaper to do some yardwork right before i put it on the market. He wanted 1300 just to cut some hibiscus and cut grass. If you do make it to japan try okinawa. Its more laid back than the mainland and there is a short flight to bangkok thru taiwan. Its a nice way to break up that long flight to thailand from hnl. I have also been looking at saipan too. It has really cheap rent and it has direct jet flights to asian cities. You get to still use your bank of hawaii account and usa post office and usa physical address and no language barrier. You have to be chamorro to buy land so its all 55 year lease on land but the houses are really cheap. I loved the appreciation on my house in hawaii but they should protect the local population from speculation like saipan has. The sun is hot and its on the same latitude as chiang mai but the ocean moderates the heat
@@RetiredGlobalLifeIt's cheap for walk in simple visits. If your admitted or have a serious incident it addes up very quickly . Heart attack or stroke with adnission could cost millions ( baht).. Living here for years with Medicare "and" Private Insurance
@RetiredGlobalLife I've seen many from others, and your videos are, without a doubt, the most practically informative about expat life in Thailand. And thanks for skipping the commercial barrage of "feed me" links in the descriptions, etc. Those get really tiresome on other channels. Very well made videos. Looking forward to old ones that I haven't seen and new ones to come. Plus, need to say that you strike me as a person who deserves the good fortune you've found there. :)
I used to dread it and still don't love it. I always get a flight that leaves around midnight or slightly after so the goal is to sleep through most of the main flight. Then the shorter flight is no biggie into Chiang Mai.
For me it’s only 1 round trip a year between USA and Thailand. As I age I take an overnight break in Tokyo and then continue on to Thailand the next day. Manageable .
Again a great video. I did the 50/50 two times now, but on a year visa. You are telling me that there is a new six month, multi-entry visa. Sounds great. I want to know more about that. Where do you apply. In you're home country? On the airport? I will do off course some research myself.
The six month mulit entry visa is not new, but does require some in and out, so most just do border runs, just one required with the new 60 days. But the DTV is promising.
@@RetiredGlobalLife The multi visa can be extended each entry for another 30 days and even though you have to do a border run after 60 or 90 days, it allows stays of up to 9 months.
I like living in both countries, so this is a good video. But the exempt visa may be not needed if the ETA becomes a new law, and I consider that a visa that's required before coming into Thailand. Of course until the Royal Gazette makes the ETA a law this is still up in the air. Your Joy girlfriend just has an amazing smile on her. Your a lucky man,,,,,,,,,,,,,,,,
Thanks for your compliment to Joy. You are right! A great smile. We will see in December when the ETA is due to start what will happen with it. Things don't always go as stated in Thailand.
Great video. I have been examining this very idea of living in Chiang Mai with my gf there part time and then half time in the Bay Area where I have owned businesses for 35 years. One major issue I am seeing is how to be able to get my gf into the USA. That seems to be a long process on the horizon. I would retire and leave for Chiang Mai tomorrow if not for my business ties. That will be a two year process to extricate myself. Meanwhile, I will be traveling back and forth for two week excursions and enjoying the incredible golf courses in CM with my golfer gf.
Hi John, not every Thai is granted a B1B2 visa but Joy had no trouble getting one (everyone else in line was denied), I think because she speaks English well and has ties in Thailand (good job, owns a house) so likely the US did not see her as someone likely to overstay in the US. So with the B1B2, I'm not sure, but I think you can use that up to 10 years, just so the time out of country exceeds time in the US. So if she came every year for a few months, then out of the US for 9, she could likely keep getting approval each year. My friend from China has been doing this for a decade with no problems. But I'm not an expert at all.
@@RetiredGlobalLife thank you for the encouraging words regarding the visa. Btw- if you are a golfer, I’ll be back in November. We play Alpine, Legacy, Highlands, and Green Valley.
The only flaw in this plan is that I’m planning the move to be able to afford to retire on a greatly reduced income. My relief plan, should I not like it or for health reasons, is I’m keeping my home in the states and I plan on renting it out to cover its expense which does include a mortgage, insurance and property taxes. I’m covered by the VA for all of my healthcare here but that won’t work outside the states and of course I’ll be required to pay Medicare as well.
You do get hospital coverage as a veteran, at least at some of the major hospitals, don't know all the details yet as you may have to pay and then get reimbursed, either with the VA or Tricare or a different program, PAC? or something like that. Otherwise, things can be super cheap for minor stuff. I believe you can also have meds shipped to the embassy? Know before you go , is my plan. And there's also different travelers insurance companies too.
Hello and thank you for your informative channel which i am a subscriber to it. i just retired and turned 65 with Medicare A and B (supplement G). The idea of moving to Thailand for 6 month is great. I got 2K pension and in addition the Social security which i have not dipped to it yet. regarding the benefit of Medical ( not buying one in Thailand (180 days rule) can you please go over the Insurance part if i don't have to get one in Thailand which what I am planning tp do. Just keep Medicare and 180 days visit. that way i am covered from an insurance prospective. Also in my situation do you this this type of 180 days is better than O, OA visa assuming i will not stay more than 6 month in Thailand a year. Thank you for your informative channel.
If you follow the link I provided to my video on Medicare out of the US it gives you more details. You could still get travel insurance for six months in addition if you felt better about it. Best wishes.
It’s great solution to split you still can make your business and live with your family/friends and all your social circle and enjoy living in Thailand . The only disadvantage is the monthly ticket cost and traveling hustle
Thanks and yes, travel costs are the only drawback, but I'd say many people would just go back and forth once each year, so just one round trip ticket.
Nice vid, Randy. I don’t really want to deal with being a Thai tax resident that’s for sure. So under 6 months for me. I have a couple sisters that rely on me for help so I can’t take off from Canada for good either. Max maybe 7 or 8 months with maybe a 1-2 month trip to DaNang. I’ll keep my investments as a Canadian resident. My only worry is the bank locking me out and that 2FA stuff. I need to get techy with it before I leave. I’m hoping next Aug-Dec for my first trip. I can’t wait. Funny you said that some of us could split up time in CM and Bangkok to see how we like it. I started to watch a few BKK vids and now I’m wondering if I’d like it more there. Quite the train system and you can get affordable apartments just off the centers. Bangkok do anything for ya?
I've only been to BKK twice. The first time we focused on the old city area and the river and I enjoyed it. The second time we were very central in Sukumvit. I did not enjoy it. I felt like I was living in a Blade Runner movie with those huge pillars rising up into the air supporting the BTS. But it is a huge city with great public transportation and so much to do. But I'm not a big city guy, nor do I like the extra humidity there. If I ever left Chiang Mai I think I'd go a coastal city.
How do you care for your US home when you are in Thailand? What if there is a busted pipe, or some such thing? I’ve been dreaming about this same situation 50/50 for several years now, as my circumstances are similar, but I’m not financially able to do so just yet.
I often have a family member stay here while I'm gone, or if not, I have great neighbors who are happy to water my inside plants each week and keep an eye on the place.
Hi Randy, thanks for another stimulating video. The upcoming tax situation might be more complicated than described as if double taxation treaty will take care of the problem. In the US we have many exemptions lowering the effective tax rate. What if Thailand will calculate tax based on gross income leading to a higher tax liability than paid in the USA and to a payment of a DIFFERENCE to Thailand. Think about selling a house in the USA usually under generous tax exemption and paying tax on full capital gains in Thailand! As to HMO Medicare Advantage: it is only good for EMERGENCY care both in the USA and abroad. Unfortunately, in the USA approvals are needed for just about anything expensive and often are denied. People die before their cancer treatment is approved (if) after disputes. Medicare supplement N and G plans also cover foreign travel emergency for the first 60 days.
Thanks for your comment. I can't imagine the Thai bureaucracy handling too much tax detail for foreigners. They can barely handle mundane things now, much less that. So I don't think they will overreach. Let's see.
@@RetiredGlobalLife exactly. And the tax is mainly based on Thais not paying taxes on business outside of Thai and actually those doing business in Thailand , which is plenty, at least to start with.
![แค่บอก - Atom ชนกันต์ [OFFICIAL MV]](http://i.ytimg.com/vi/kgwhtg8bAxY/mqdefault.jpg)
Thanks for watching. Here are links to the videos mentioned:
--Medicare for Americans Overseas: th-cam.com/video/aNu4-RWQ91I/w-d-xo.html
--Dating Thai: th-cam.com/video/HKJhw3nrj7A/w-d-xo.html
--Freelancer or Nice Girlfriend: th-cam.com/video/hhqNpBzPGn4/w-d-xo.html
--DTV Visa: th-cam.com/video/DqVn_Ml8Wh8/w-d-xo.html
--Best Time / Seasons in Thailand: th-cam.com/video/jaPxHl2Sl4g/w-d-xo.html
--Best seasons, prices and less tourists in Chiang Mai: th-cam.com/video/x6aXSvDeESM/w-d-xo.html
🔴 SUBSCRIBE AND RING THE NOTIFICATION BELL 😊: www.youtube.com/@RetiredGlobalLife?sub_confirmation=1
Hello Randy, any suggestions for an attorney I can contact for titling my property?
Finally someone does the video I’m going to do. 50/50. I enjoy where I live in the states except 4-5 months a year. due to the weather. I’m going to split my time between states and Thailand/Vietnam.
Good for you, my twin thinker!
@@RetiredGlobalLifeI don’t need to worry about visas, Banking, or basically medical care. Yes I’m covered in Thailand or Vietnam with my medical insurance when I travel. I’m just not at the point where I need to live outside of America yet. Ive already lived outside for a total of 10 years in the past and I just enjoy where I live 6 months out of the year
For those living in the US it must be a more difficult decision. Americans can simply move or vacation in a tropical climate in the southern US without worries of passports, language issues, and visa payments. Spending a few months of the year in Key West or Miami Beach would suit me just fine were it not for the stupid cost of accommodations. Last time I tried to book a one month AirBNB in Miami they wanted $5000 Cdn dollars ($3700 USD) for a basic one bedroom condo in Doral .. .not even close to being beachfront.. California where the presenter is from, tends to have shitty weather in the winter... mild but with lots of wind and rain... For the rich - there is always Hawaii.
For us poor souls in Canada there is no escaping the cold from mid October through to mid April.
@@rdefacendis Yes, the US has Hawaii, Florida, etc, but that does not give you the fun and adventure and cultural experience of going to a foreign country like Thailand, not to mention the low costs.
I'm looking at 3 to 5.9999 months in Thailand during Nov-Apr, maybe May & Jun in Albania, then either Jul in the Baltics or back to the States for summer & fall.
Excellent video, and exactly what I have been thinking about. The healthcare portion alone has set my mind at ease.
I am a Vietnamese female came to the US 50 years ago, got an excellent education and professional job, now retired and enjoying life on the west coast. To be honest, I visited Asia Vietnam, Korea, Japan, Thai, Singapore, etc… many times, each for two or three weeks, and can never stay there longer than that. I miss US so much when I’m out traveling. I miss the fresh air, no noise pollution, clean water, large space, gorgeous natural scenery hiking, skiing, backpacking, safety on the road, no bargaining, hobbies and family. I feel I can make better use of my time and feel more in control living in the US. I also enjoy western art and European architecture more. I can afford to retire anywhere in the world but prefer US as my home.
The US has a lot ot offer, but for many of us born there it is not the country we remember and other nations offer excitement our home ountry does not, perhaps why you are not in your home country too. Nice to hear from you. Come again.
It’s wonderful that we have the opportunity to find our best life wherever it may be.
Yes, totally agree. I enjoy my time in California. My wife is Thai- she feels the same. We will do 3-6 months Asia - Thailand homebase- but traveling to various countries. The media/news is always negative- turn it off and life is improved. After 2-3 months in Asia refreshing to come home.
@@RetiredGlobalLife Im surprised you countered her comment. But you dont live in Asia full time yourself.
@@RetiredGlobalLife Here you have made a distinction based on the place of birth. In reality, I would say, that she, having lived in the US for 50 years, haven't missed much of what you have seen while growing up! Of course, she might not have been as integrated with the main stream as you were. Thus, some of the socio-political aspects might not have been accounted for by her.
By the way, I am from India. Lived in the Midwest USA for 10 years working for a multi-billion dollar corp. Had my Green Card. Nevertheless, I returned back home, as there is nothing like one's own home, IMO. Moreover, as you have described in one of your videos about family bindings in Thailand, the same is true in India as well. I had to take care of my aging parents.
Don't misunderstand me. I love you channel, love the way you select topics, how you present, your personality, the scripts everything.
I do consider US as my second home, although I haven't been there for over past 20 years and although my only child is living there for past year and half. She will be graduating this summer. The point of my extended post is there is nothing like one's own home, own country. I am frustrated with the situation in my own country as well. Nevertheless, it is my own! No one here can ask I or will ever ask me "Where are you from?" or "How do you like it over here?". You see!
I do plan to visit / tour Thailand, maybe spending a month or so, with my wife sometime in near future. This made me an avid watcher of your channel. I am finding a lot of helpful information on monthly rentals, foods etc.
Keep up the great work!
Another excellent video, thanks! With the recent flooding in Thailand and Chiang Mai I hope you and Joy are safe and well.
Thank you. Joy's house has sandbags around it and our street in front of the condo is flooded and impassable. But all okay.
Exactly what we have done last 2 years..returning in a few weeks. Also avoiding potential tax issues with year round residency in Thailand!
Yes, I think it is a great lifestyle, and can't get bored with one place...
the clip after 'tax', had me laffing out loud. Great content as usual. One of your subscribers asked in a previous vid, if you could do a vid for women expats, I would love to see that, food for thought.....
Always nice to hear from you, Glenda, and yes, that is a planned video.
Great info. I'm planning on visiting Thailand in the next few years for a longish stay. 90 days. I will be retired by then. To escape the Australian winter. Thanks. 👍
You will love it!
Great vdo I like the 50/50. Still work freelance and love my country. 6 months all together enough for me at Thailand. Great the 60 days visa.
Thanks, Vince. I should have mentioned the issue of digital nomad/freelancer work makes this extra doable.
I identify with so much of what you said in this vid. I'm 62, retired, quite well off, own an oceanfront Thai condo, have living parents in the US, and I live in a very beautiful part of the US myself. I have a dual citizen Thai- USA girlfriend. I don't want to move to Thailand because of my health insurance and the annual Thai tax return headache. I'd rather travel there 179 days of the year.
Sounds like you have a great life plan, Steve. Way to go!
I'm doing the same but no GF.
@@USARAY1947 Having the GF is only nice about 6 months out of the year ;-). But at least I get a bit of freedom when she goes to the vil to see her mom.
I will do the same
Your vids are by far the most useful and relevant on all the Thailand video bloggers. Thanks for posting.
That is a high compliment! Thanks!
GREAT video. I’m doing 3 months, 3 months, 3 months etc. USA. ❤
Neil, I think that can be a great life, and never boring!
Your videos & the ensuing comments are very educational. I’m following my brother who’s been part time since 2020. His knowledge has been wonderful but there is always more for me to learn for myself. Thank you!
Ah you will do great here with your brother leading the way!
GREAT.... Video !!! Long story short. This video couldn't have come out at a better time for me. You have successfully covered quite a few concerns about moving to Thailand that I had . This was more of a motivational video than anything else. Thanks and keep up the good work.
Thanks for the nice words and good luck on your journey.
You have opened my eyes to another avenue to Thailand. Thank you for your helpful insights. Keep up your positive prospects of Thailand and always ad what caveats you can.
My pleasure and thank you.
Nice presentation! I’m thinking of easing into retirement via a 50/50 plan as you suggest, and it was great to view a full presentation on this topic.
Very nice of you. Thank you!
great video. I'm Korean-American and currently living in Singapore. after watching all these Thailand and Vietnam videos, I'm thinking of leaving Singapore and spending a portion of my time in those more affordable countries. also, my mother is in her 80s in Korea so I need to spend more time with her. thanks for your wonderful ideas.
It made me feel good to read your comment. Thanks!
As a Canadian, this has always been my choice. 50% in each country is great for my Thai wife and I. I can keep my health insurance in Canada and still have a nice vacation in a hot country. You sort of touched on family matters but that is a big reason to split time. We have two children that we want to be involved with.
Sounds like you see things just like me! Continued success and happiness!
Hi Randy,
Thank you for the paradiam shift.
Los Angeles weather is overcast /rainy/cold. Warm Bangkok seems tempting.
Thanks for watching and I hope you check out Thailand...
Great topic and content Randy 👌
Thanks! Greatly appreciated, Peter.
YOU CAN WORK, YOU DON'T HAVE TO WAIT TO BE OLD AND RETIRED!! I was able to start doing 50/50 8 years ago at 41 years old. I work in Calif half the year making great wages, hanging out with family and friends then chill out in Thailand half the year. I can't be the only one that didn't want to wait till I'm 62 or whatever.
So true. Not just for retired people and remote working makes it easy to live globally.
What do you do for work? Nice plan
Interesting movie. The you tube channel is very interesting, thank you - greetings from Poland.
Thank you! Nice to see the videos playing all around the world.
Thanks for the video, very useful. I plan to stay in Thailand for many months so the tax aspect is important. I am Italian, and with Italy there is an agreement that avoids double taxation. However, there could be the risk of having to file a tax return in Thailand, open a tax position, costs for related consultancy, etc., so this is a critical aspect, and also I was unable to find the applicable laws. Thanks again and congratulations, greetings from Sardinia ❤
Thanks and yes, even if no tax owed in Thailand, there will likely be the issue of filing a return.
I think this snowbird part time thing is a great way to go. I hope to do just that in a couple years when I retire
Glad we think alike, Matthew!
50/50 is me this year. I'm gonna try it.😊
Excellent! Make it work, Terry, and have fun.
That was a great informative vlog. Always so clear and easy to understand.Thank you . Some of us can't leave home entirely though we would love to, but this has given us something a little different to think about !!
That is the point. A lot of people in that category. Thanks for watching.
My idea is 2 months in Thailand, 3 months in Europe (I have lots of people to stay with), 1 month with my son in Canada, 1 month with my sister on the east coast, and 5 months at home in California. My fear is still making friends. As an older woman, it wasn’t easy. There were 10 men my age for every woman my age in Chiang Mai. I like friends of both sexes, but the men weren’t looking for an older friend, they were looking for a romantic partner. My attitude was right, but it didn’t help that I was there at the wrong time (burning season). Next time, I’m thinking September & October. I don’t mind rain and clouds and hopefully, it’d be easier to make friends then.
Wow, sounds like a great yearly adventure you have. Congrats.
Have you signed up to Trusted Housesitters I think it would be of interest to you. I use it to stay in Perth Australia where my adult married son is.
Hi Randy. I think that's a good strategy to decide if Thailand is for you. I'm intending to move there when my doggie passes. I like living here but love has a bigger drawcard. Enjoy Krabi👍
Thanks, Randy. Funny, it was my beloved lab, Ranger, passing away many years ago that gave me the freedom to really start traveling.
Thank you for this video. It's exactly what I was looking for
That is very nice of you! Thanks.
You cover here a lot of advantages I already considered. There is only one big disadvantage: You have to maintain an apartment in your home country and somebody who cares for it. And it's necessary to keep it to benefit from the health insurance at home.
Yes, that is the disadvantage to splitting time.
Air fares too may be significant.
Do you have a family member in the states to establish residency without owning?
Thanks for getting back to me. I was born in 1956 also! I'll look into the DTV Visa but I'm also thinking about the O Retirement Visa.
Yes the Non-O and non-OA are popular retirement options.
Great video and good info. I did not know Thailand has a six month visa program. I know the new DTV is a 6 month visa for digital nomads though I will check that out. Thank you.
Thanka and thanks for watching.
It's not 6 most, listen again. At least not without leaving the country at least once and also 2 different paid extensions. 😊
I’m very happy I found your channel. I’m not quite at 50-50 yet because I still operate my practice all the way somewhat reduced schedule that allows me to come to CNX every few months. I’m fortunate to have a lovely partner here and we’ve built out a home together and so life is fairly sabai and counter balance by work life in the United States, along with being a part of my adult children and their lives. Like you, I also am fortunate to have my mother still in reasonably good health in Southern California that I enjoy seeing more, especially as she and my stepfather get closer to 90 years old. I came to Thailand, 15 years ago on a sabbatical from work and it’s been a blessing ever since.
Sounds like we have a lot in common, Michael. You have a great life, contrats!
great info! love your perspective and info. Very unique and different from all the other channels. thanks for putting this together.
Very nice of you. Thanks so much!
Randy , The video was useful and informative. I have been doing the 50/50 thing between Illinois and Chiang Mai for eleven years now typically arriving Chiang Mai October 2nd and going back to the states April 20th. Although that is more than 180 days, my time “in country” is theoretically reduced by the international travel that my Thai partner and I do. I’m on a non-immigrant O-A and will probably get another extension on that basis in January, although I might look into DTV as well. Despite your taxation reassurances , I still fear CM immigration getting frisky with extension denials due to non-payment .
Thanks! We will see and soon electronic visa in the mix maybe in December. I think the Thai gov is so disorganized I can't see them having the tax thing related to visas all organzied for many years.
But you can't be taxed twice ! At least not if you're from the US, unless you're doing business in Thailand itself.
of course, that flight is a lot of wear and tear on us! I don't picture myself making the trip even once a year!
Yeah, I get you. For some, long flights are the worst. Not bad for me cause I'm used to it.
Not to mention the price for many seniors who aren't right on the Left coast
The flight is difficult
Thanks for sharing. That is my goal to be 50% expat.
Glad you agree! Ideal for many, not for others. Just one more option to make life more interesting for some people.
50/50 SoCal/Chiangmai for me too. I am glad i am not the only one thinking of splitting it 50/50. Thanks for the info about health insurance.
My pleasure and thanks for commenting.
Great video Randy! You gained a new sub. Thanks for all the info.
Very kind of you, Eric. Hope to see you here again.
As usual another great video. My thai wife and I just arrived last week and both dealing with our jet lag. The new tax law is a bit of a concern, but you have to deal with it regardless what country you reside. The information regarding the HMO component was interesting and I will follow up with that.
Always nice to see your name come up. Thanks for watching.
Hi Randy and Joy, :-) You are one of my 2 favorite Thai channels. I did 6 months pre-covid and 3 months this last spring. I like Chiang Mai, Lek Chailert's ELP, as well as the clean ocean locales. I am American and have been looking at 50/50 for a few years now. Yes, changes in taxes and visas, options...sometimes spins your head. . This was nicely put together and though I have no ties in the US, I like the idea of maintaining something here. I am a managed Heart Failure patient and like my homebase even though BKK Hospital in several Thai cities has excellent heart care. My problem to "pulling the trigger" has been purging and simplifying. Hoping to get that done over the next year and start. Thank you for this video...kind of an incentive piece :-) My best to you and Joy
Thanks, Mickey, very kind of you. Sorry to hear about the heart issues but I'm glad it sounds like you can still travel. So I'm curious... who is your other favorite Thai channel?
@@RetiredGlobalLife I think Chris, "Retired and Working for You" does an excellent job of providing expat info, as well does tremendous outreach oin raising money to help schools and Karen villages. I got to teach school in a small Karen village for 1 day. I had a blast as the "farang" to the little kids. Thai are a special breed of people. Hard to find here in US. Originally from Traverse City, Michigan (God's Country), but had to move to TN to care for my daughter. After 2 years of undiagnosed pain, I an hoping that we will find the answer soon. Ideally, I'd like to come back over next May. I was engaged to a Thai woman, but broke that off when I was there this last spring. I'm an old romantic fool, so I'll be looking again when I get there :-) FYI, I am switching this election period to an Advantage program. Take care and I'll keep watching. Would enjoy speaking with you again
@@mickeysjoy Ah that was my guess. Chris Parker has a huge following and has an engaging personality and sense of humor.
@@RetiredGlobalLife :-)....Too many channels on just walking down Pattaya Walking Street and Soi 6. Just need the good info. I would enjoy meeting both Chris and yourself. Appreciate the solid view on all things "real". I will revisiting many a video as time gets closer. Thank again :-)
The 6 months out of Thailand works seasonally, too, avoiding wet season (as you covered) . Im doing it to avoid being a tax resident. Gives me the opportunity to visit my ageing mother in Australia. Great video covering a topic i havent seen covered before. I have a property in Australia rented out & spend my time in Australia with my mother which she appreciates
Great to hear fron you, Marcus!
That is ideal actually! You get to enjoy the best of both worlds. BTW, you have really healthy genes, I mean your mom is 90 and dad is 95 and they both still look great!. When I get to retirement age, that is what I want to do, as well. Spend parts of the year in Thailand and parts in the West.
Thanks for the nice comment! Let's hope those genes hold for me!!
Thanks for the video, Randy. Good info... Hope to see you and Joy in Chiang Mai in less than 2 months.
Hope you have a great trip and enjoy Chiang Mai.
Great video! It’s my goal for when I’m like 45-50 years old, so still 10-15 years to go 😁
Live in a country like Thailand during the Dutch winters for 4-5 months and come back to the Netherlands during the summer 🌞😎
Okay, we will wait for you. (:
I appreciate your videos, it addresses the questions that I’ve looked into as well, thank you!
My pleasure. Thanks.
Thank you for another useful video Randy. A lot to think about here. 🙏
Thanks! I keep trying...
Thank you so much , I am exactly in the position you described . The overseas health insurance was a big issue this will be very helpful ! I believe we are neighbors I to am in CA. Please enjoy and if I am in the Chang Mai area again dinner is on me !
Okay Karl, I will pick a pricey place, haha. Best wishes to make it over soon.
Very helpful video. It’s actually my plan.
Sounds good. Live the life!
Great video, thank you for your time effort and content. I appreciate you 😎👍🏻
For me, I’ve been to 57 countries, I spend most of my time between Miami and Medellin. I lived in 8 countries. I will be including Thailand again soon as I used to live in Bangkok for 1.5 years. My biggest advice is for the commenters who have big mouths from developed countries and look down on the Thai people. Actually as a traveler or expat, you may be more affluent than the Thai people but they (in general) are much higher quality than the clown world that the poor US/UK etc generate/produce. Facts 💯
I thought I already replied but maybe I didn't. Thai people are like the rest of us, good and bad, but mainly very good, humble people. More than I can say about a lot of places.
I wish I was brave enough to go to Colombia
@@johnclark8637 friend, a guy must have someone show them them the ropes there. Trust me, I’ve been to 57 countries and Columbia is “by far” the most dangerous!!!
35 Expats were murdered last year. An untold amount that is drugged and robbed. Thailand has many simps in general.
Lot’s of great advice and information. Thanks again, Randy. 🙏🏻.
My pleasure, Rob. Thanks.
My goal. Did it this year. Thanks for the video.
Great! I hope it worked out well and will continue to do so.
Wow! You described the tax situation accurately! Too many TH-camrs muddle the facts. The only thing I would add is on the topic of pensions. Pensions not being taxable applies to federal pensions like US Social Security. I don’t believe it applies to work pensions, such as my University of California pension, or state pensions.
UC pensions are considered to be public like other state government pensions and taxable only in the US per the Tax Treaty. Private pensions are also subject to Thai income tax, but are offset by whatever income taxes you pay in the US per the treaty to avoid double taxation. There are ways to change your US state of residence to avoid California state income taxes also.
@@FredPantone294 I am talking with a tax advisor. Federal pensions, such as Social Security, are taxed by the US per the DTA. A state pension is not protected by the DTA and since I am a tax resident in Thailand I am subject to Thai tax. However the portion of my UC pension that I remit to Thailand is protected by my pensioner LTR visa. That leaves the remainder of my UC pension. I will see how that plays out when I file in the US and Thailand next year.
@@FredPantone294 I stopped paying my CA taxes in 2019. I was in contact with the CA Franchise Tax Board earlier this year. I showed them my passport proving I was living in Thailand and they replied that they no longer consider me a tax resident in. I am not a tax resident in any state but I do file a federal tax return.
@@martypoll I would refer you to the US-Thailand Tax treaty Article 21-Government Service (California is a subdivision of the United States.)
"Any pension paid by, or out of funds created by, a Contracting State or political subdivision or a local authority thereof to an individual in respect of services rendered to that State or subdivision or authority shall be taxable only in that State."
You may want to check the credentials of your so called "Tax Advisor."
@@FredPantone294interesting information. Thank you. My retirement income is from a state & a municipality.
I’m definitely going to need a tax consultant if I go beyond 180 days.
There are compelling arguments for doing 50/50, it really comes down to the individual's situation and their wants/needs. I'm still a few years away from retiring, but I'm trying to educate myself on the myriad of decisions I will face once the day arrives. I have a home in the states, it won't be paid for when I want to retire. Renting it will bring in funds but the majority of it will go to pay the mortgage and property management, so not a lot to gain. Plus it could make me liable to continue paying state income tax too. Decisions.....decisions. At least I have time to figure it out.
Yes, but a fun time ahead for you, making those global life decisions...
Randy, excellent video! Info is spot on. You and I are very like minded. 👍 Gigi and I have already decided to extend our travel from our normal 90 days a year to 187 days per year. I don't want to file a thai tax return 😫 I don't need that BS. So, by extending 2 of our normal trips from 30 days to 90 days. And an additional trip of 7 days. We don't increase our air expenses and we decrease our hotel expenses by getting a 90 day rental. And we get more time to explore our vacation destination. At the same time we avoid the thai tax return bafoonery. I just came to this realization in the last two months.
Thanks, David. But your 187 days will put you over the 180, unless part of it is in 2023 and part this year. Enjoy your trip!
@@RetiredGlobalLife I'm confused 😕 187 days traveling outside Thailand - 365 days = 178 days in Thailand 🇹🇭 per calendar year.
What am I missing??
well explained, very good, I have had this pension scheme for about fifteen years
Actually I would recommend getting a regular physical here in Thailand. They are very extensive and affordable.
And more encouragement, if you need it....
I left America for Chiang Mai when I was 34. I started teaching and never looked back. I've also lived in China and am currently in Japan. From my 30+ years of experience, I would say less than 5% don't make the cut - for various reasons.
I'm looking forward to a 50/50 split between Japan and Chiang Mai in the not to distant future. See you soon!
Sounds like you have led a cool life. Chiang Mai will be lucky to have you.
Good topic and information. Living 50/50 makes sense if the Thai government decides to double tax retired expats. The 50/50 idea is good if you can afford to maintain paying rent in your home country while living part time in Thailand. Now it's wait and see what the Thai tax man decides!
Personally I think the treaty against double taxation will eliminate tax owed in Thailand for almost all of us, so I don't worry, just the annoyance of filing a return.
@@RetiredGlobalLife I and the other retired expats hope your feeling is right! It's too expensive to to live or retire in California or Hawaii 😞
@@RetiredGlobalLife hopefully the Thai gov won't change the double treaty. If they do then i guess I'll dodge the tornadoes n hurricanes in Texas n Florida instead
@@RetiredGlobalLife i hope you're right or else I'll have to retire in Florida or Texas!
Hey, this is really interesting. There is a lot of friction against selling everything and going all in.
This idea isn’t inexpensive as I’d have you maintain my residence etc., but as a first year plan it might be worth it to reduce my worries and inertia.
Let me crunch some numbers and think this over. Thank you for the interesting idea 🙏🏽
I think it is a great plan for some but not for others. It really comes down to money and organizing one's life.
Would be nice from a money point of view for sure , to work in uk 🇬🇧 & split the time .. but I came here full time 18 months … no regrets at all. Pulled the trigger & rolled the dice 🎲 ( I know you like this phrase) Only live once , live as best I can do here full time 😅🙏 good video again ..
Thanks Jon and I hope you are living the life you want. Best wishes!
@@RetiredGlobalLife thank you. I’m trying my best. Just split last month from girlfriend 🥹so find it a bit sad , lonely 😞 & tough presently 😑. But I’m sure it’ll get better. Just been to Ubon R. Later this week go to Khon Kaen 🙏
Randy, great video (as always) and great idea. Thanks for sharing.
Very nice of you, Neil. Big thanks.
My wife and I live part of the year in the US and part in China. We also have been going to Thailand for a few weeks a year. After having worked in Thailand for four years I can tell you that health physicals are cheaper and more extensive in Thailand. I will have to check on Medicare Advantage. I didn’t think it covered emergencies overseas. But maybe it depends on who it is through. I have a Medicare supplement that covers emergencies up to about $25k
Advantage plans usually still require you to have a US address and live there part of the year, so many should work for you.
Canada only exempts capital gains on primary residence. All other properties, such as cottages, rental properties, investment properties, are all subject to capital gain taxes.
Good to know, Peter, thanks.
Similar to Australia
YES! I often stayed away from the States from September to February, off and on. I just avoided Election time, Halloween, Christmas, and New Year. This is my 50% time away from California.
The ugly political scene is going on right now so I stay away from all the news and periodically check the local news-not much good news there, no big things, just the usual shooting and killing and homeless and police violence news.
Christmas brings out the worst in people-fighting for parking space at shopping centers, fighting to get some junks for gifts that will be returned later, upsetting for standing in line too long to pay. Already Costco is filled with Christmas merchandise in September.
I remember, long long time ago, Christmas was peaceful. Beautiful Christmas lanterns dotted my neighborhood. Beautiful nativity scene illuminated some homes, not too many because my people are mostly Buddhist but we enjoyed the Season greatly. On Christmas eve, my neighbors quietly went to the Midnight Mass. Our neighborhood was quiet and joyful at the same time. And we kids thoroughly enjoyed the Christmas Season. Our neighbors did not mind kids looking through their door admiring the Nativity Scene. That the Christmas I always remember.
50% 50% residency is great until our body says Enough and our mind has to work hard to decide. Those of us who are over 65 should experience what it’s like to be in a nursing home in the States (just visit some and stay for a few hours) what kind of care we can afford (do we have to liquidate our home and assets?) what other options we may have. A stroke or heart attack won’t give us warning letters, not like the IRS. Are you willing to pay $7000 a month and just silently sit in a corner in the lobby looking at people coming and going like an invisible being because no one stops and says Hi to you? Don’t believe my words. Come and see for yourself.
50% 50%? Just a short term solution. Don’t wait too long to prepare a decent shelter for the Winter of our life.
I don't disagree. What you say is true for any long term travel. Hence my statement, do something like this now, before it is too late.
There's also much nicer and cheaper long-term care in Thailand. Or even just have daily maid/cook and nurse visits for those still mostly independent. There's a nice one right there in Chiang Mai, or other places. Also veterans are covered in certain hospitals, though you may have to pay and get reimbursed at places.
Enjoyed, topic it is applicable to my situation. Thank you! Also, I laughed at one of your terms, "naughty adventure". I'm going to start using that when people ask me about some of those naughty adventure locales...
Haha, thanks Neil. Enjoy your next trip there.
How is the flood clean up going in CM? WILL BE THERE DEC. 15 for a month. Cool thing, we got a rental for part of our stay near north gate that is the house we used to live in 20 plus years ago!!
Oh, any suggestions on a sim card or ard they all pretty much the same wuality. Will buy at 711 probably for 30 days. Just wondering about the best carrier.
Flood issues pretty much out of sight now, just some dust on some small street from dried mud but that is less and less. You will not notice. All major companies are the same. I go with AIS. Best wishes.
Thanks, Randy. You're the best!
Whether you are half-time or full-time the pensioner LTR visa can be a great option if you can meet the financial obligation. No money in the bank requirement and no 90 day reports and no taxes on money brought into the country. There is a health insurance requirement that you can satisfy by having $100,000 in any bank account. To qualify though you must have a yearly passive income of $80,000 income (pension or investments).
Yes, I agree, the LTR is a great visa. But sadly it is hard for people to quality for it. Even if you are well to do financially, many do not have their money fall into the right categories.
Yes, I agree. I have gotten the LTR visa too for the same reasons mentioned. However many are unable to satisfy the financial requirements of the LTR visa for retiree.
But I thought the retirement visa was easier and less $ required, as long as over 50 yrs old.?
@@mauimixer6040 The LTR is 50,000 baht for 10 years. The cost is not much different than an O visa depending on how you look at it. Getting a pensioner LTR is very easy to apply for but it has steep financial requirements - a passive income of $80,000/yr.
DTV is a better option... no reports, minimal fees, and dead set easy to do a soft power category
Thanks for this as it is my intent to spend up to four months in Thailand each winter. Canadian winter sucks but the other seasons are great and I wouldn’t want to miss them. I don’t want to bother with the visa bs either but I will still have to do something as four months is exceeds the current visa limits. I’ll figure it out as the Thai visa system sounds like it will work for me.
Sounds like a good plan to me! Thanks for commenting.
@@TheBigheadValley pop down to malaysia for a month. Quick flight, good English, good food.
Thanks Randy, That's what I'm think about doing.
Thanks, Dale. Yep I think a good plan for many of us.
Great video sir ☘️
Very kind of you. Thanks!
Hi Randy, I also spend 6 -8 Months in Thailand but have to get out of the heat here in Mar,Apr,May I also have a sister,two daughters and 2 grandsons and my Thai wife has 2 sisters and 2 nieces in Australia . We are also both permanent residents of Australia and if you don't come back within 3 years then you may have to re-apply. We also keep our universal healthcare coverage so we are therefore lucky to love both places.
Sounds like you have a great life going on. Good for you.
It’s half me I’m moving there next month 🤟 but if I’m going to pay Tax twice, I will look elsewhere 🤔 like always good information 👌
Thanks, Gordon. We will all see how the taxes play out in the years to come. I'm not sweating it.
Very informative video.....Great job
Coming from the patriarch of the courts, that is a nice compliment.
Love all your info! Thanks
Thank you, Steven!
That’s exactly what we’d been pondering as I am close to retirement (my husband already retired). We are in Socal too and love our home here. Though i am Thai i haven’t spent much time there since I was 13 when I left for school
That's why I did the video. Lots of people in this category I think.
@@RetiredGlobalLife Always appreciate your video. I also wonder if there's any benefits on the California taxation if the residency in CA is less than 6 months
@@deeb7025 I think you are a resident or not, no benefit for part time residence, as far as taxes go.
I'm 45 and have had a relationship with a "nice Thai girl" in Thailand for 2 years and thinking of giving up Europe and moving there. Always good to hear about the options.
France was my favorite getaway and planned retirement location until Thailand took over.
Been doing the 50 / 50 split for that last 2 years. Going in Oct and back to UK end March, therefore missing the UK cold and wet (grey) winter. Have property in Jomtien and UK and love the split location.
Thanks so much, Tim. Glad the split is working so well.
I’m not going 50/50, mine will be more like 75/25. Much rather be there than here in the US. January 15, on my way. 👍🏽
Good for you. Enjoy your new life.
I've always agreed on the 50/50 Mainly due to health insurance issues but also Family connections.
Glad it works for you!
I am thinking of 50/50 similar to you. Likely not 100% Thailand. Splits Malaysia, Thailand, Cambodia, Indonesia, China and Philippines there. Similar to your condition. I own the house at Rancho Penasquitos. 66 and retired on the Medicare and SSI. Kind of struggling how to manage our SD house while traveling. We are going to do test drive to Malaysia, Singapore and Thailand trip in Feb or March after we do the tax. Just wonder what airline you used to flight back and forth. When will be better time to buy tickets? I looked at thru google flight web side, could not tell or judge what will be average fair price. Thanks for sharing your info and experience.
Flights have gone up so much the last few years. I usually fly EVA Air or China Airlines. All airlines seem to give you the best price when purchasing months in advance. Even in low season, I got stuck with a high fee due to being lazy and not getting my tickets in advance.
Flights.google.com is good for comparison prices as is skyscanner.com.
Really well done video, Randy.
Is winter (Nov/Dec/Jan) a good time to visit Chiang Mai?
Thank you and yes. Nov and Dec are perfect although more tourists then due to best weather. Jan usually fine but sometimes especially in second half smokey season can start.
Yes absolutely.
We' ve almost finished 5 1/2 months in Thailand. Have been doing this since 2016 ( except 2020/ 21) using different visa, no visa options. This year, we came in visa free then extdnded once. Did a quick trip to Malaysia and got a visa. The 60 day exemption came in just before we had to extend. So another quick trip and back visa exempt. Almost got tripped up twice. In Kota Bharu we almost got denied a visa because we already had Thao visas in our pasdports. Their policy was based on their instructions from Embassy in KL. Then our 2nd border run we stayed out 1 night but Immigration wanted at least 3 nights out. Luckily the head honcho had seen us the trip prior so he stamped us in. Others might not be so luvky.
Thanks for the great input. They actually have a formula I think, and I hear less problems with air crossings than land crossings. Also, you can check around. Online people keep updates on which entry points are problematic. The border runs can't go on forever. They don't want to think you are a full time resident and avoiding the right visa.
lots of americans are buying houses/condos in japan and they're cheap. maintenance fees on condos are really cheap. I just bought a house myself. Its only a 6.5 hr flight from osaka to bangkok and guam usa is only a 3 hr flight to access your medicare. Right now flights to guam are about $300 round trip from osaka on United and Peach airlines in japan has some great deals flying into bangkok. If someone made their base in guam, there are direct flights to manila and then you can connect onto bangkok. property taxes in guam are really cheap as are condo maintenance fees BUT electricity is expensive as well as food. You pay no income taxes in guam if you make no income on the island. You only file federal. For retired military guam is even better as you can use the military hospital and use the px for cheaper groceries. For those of us, me included, that are allergic to the us mainland politics, japan/guam is a nice alternative. I occasionally shop at the guam home depot for stuff i can't find in japan and i live very close to a huge costco in osaka to get my favorite western food
I think you are the Guam Board of Tourism, haha. Good info to have, seriously. Thanks.
But Thailand is the land of Smiles, Japan, is not, sorry, but it's a good place for a visit, but too uptight for me.
Vets can also get hospital care in Thailand. 😊 Why would anyone want to live on Guam ?
@@mauimixer6040 for some people japan is not a good choice and not everyone is a vet that has tricare which is great insurance. The expat crowd here is the more risk averse type and doesn't like chaos which you and i would call boring but after age 70 medical insurance gets very pricey and with pre existing conditions it gets even more difficult to find insurance. Some people don't like it that you can't own the land under your house but others don't care. Some people don't like running across the street or risk getting run over. I also see so many that can't handle the heat in thailand that they have to stay under a/c all day and can only come out at night. Its all about preferences and its good to know there are alternatives out there
@@gregh7457 Thailands heat is my only real problem , and at going towards the 70 mark , I don't really have interest in buying anyplace, especially with if living in Asia, as you said, flights aren't that expensive nor long which as a renter or whatever, it's easy enough to move every now or then. And yes, it's great being a vet for always having the health care, especially if you're at 100% disability. I actually never knew until 12 yrs ago about that until it came up talking with another vet , nor that I could claim any disability once out of the service. Found out since then that about half the vets have no idea either. All I mainly remember is that you can get a VA house loan guarantee. I guess they don't really care that much, once you're gone?
Love the Thai people and culture, just wish there was Somewhere there a little cooler. Nowhere is perfect, I guess, just like Hawaii is awesome in many ways, except the expensive everything, except the beach, and being so far away from anywhere else, can have it's drawbacks. Glad you're happy there , and hopefully I can visit Japan, before it's too late.
Aloha from Maui 🤙😎🌈🌄
@@mauimixer6040 we sold our place in waikoloa village on the big island 2 years ago. The year prior there was a huge fire above us and coming fast. They evacuated the whole village. The volunteer fire dept on the big island kicks ass. Can't thank those guys enough. In the 15 years we lived there i had never seen anything like it. The climate there had changed and along with the expenses of keeping up a house was the last straw for me. I couldn't believe it when i got a quote from a landscaper to do some yardwork right before i put it on the market. He wanted 1300 just to cut some hibiscus and cut grass. If you do make it to japan try okinawa. Its more laid back than the mainland and there is a short flight to bangkok thru taiwan. Its a nice way to break up that long flight to thailand from hnl. I have also been looking at saipan too. It has really cheap rent and it has direct jet flights to asian cities. You get to still use your bank of hawaii account and usa post office and usa physical address and no language barrier. You have to be chamorro to buy land so its all 55 year lease on land but the houses are really cheap. I loved the appreciation on my house in hawaii but they should protect the local population from speculation like saipan has. The sun is hot and its on the same latitude as chiang mai but the ocean moderates the heat
Terrific video! I was wondering if you need medical and don’t have insurance do you have idea of costs, wait times and quality? Asking for hubby!
Medical care in Thailand is very high level. And low cost. I've done several videos on it. Maybe you can check out the one I did on hospitals.
@@RetiredGlobalLifeIt's cheap for walk in simple visits. If your admitted or have a serious incident it addes up very quickly . Heart attack or stroke with adnission could cost millions ( baht)..
Living here for years with Medicare "and" Private Insurance
@RetiredGlobalLife I've seen many from others, and your videos are, without a doubt, the most practically informative about expat life in Thailand. And thanks for skipping the commercial barrage of "feed me" links in the descriptions, etc. Those get really tiresome on other channels. Very well made videos. Looking forward to old ones that I haven't seen and new ones to come. Plus, need to say that you strike me as a person who deserves the good fortune you've found there. :)
Thank you for the kind words!
Randy how do you cope with ✈️ ride back and forth? That’s brutal
I used to dread it and still don't love it. I always get a flight that leaves around midnight or slightly after so the goal is to sleep through most of the main flight. Then the shorter flight is no biggie into Chiang Mai.
For me it’s only 1 round trip a year between USA and Thailand. As I age I take an overnight break in Tokyo and then continue on to Thailand the next day. Manageable .
@@RetiredGlobalLife Randy great channel. The insurance video was wonderful. Best wishes to you
Again a great video. I did the 50/50 two times now, but on a year visa. You are telling me that there is a new six month, multi-entry visa. Sounds great. I want to know more about that. Where do you apply. In you're home country? On the airport? I will do off course some research myself.
The six month mulit entry visa is not new, but does require some in and out, so most just do border runs, just one required with the new 60 days. But the DTV is promising.
@@RetiredGlobalLife The multi visa can be extended each entry for another 30 days and even though you have to do a border run after 60 or 90 days, it allows stays of up to 9 months.
I like living in both countries, so this is a good video. But the exempt visa may be not needed if the ETA becomes a new law, and I consider that a visa that's required before coming into Thailand. Of course until the Royal Gazette makes the ETA a law this is still up in the air. Your Joy girlfriend just has an amazing smile on her. Your a lucky man,,,,,,,,,,,,,,,,
Thanks for your compliment to Joy. You are right! A great smile. We will see in December when the ETA is due to start what will happen with it. Things don't always go as stated in Thailand.
Great video. I have been examining this very idea of living in Chiang Mai with my gf there part time and then half time in the Bay Area where I have owned businesses for 35 years. One major issue I am seeing is how to be able to get my gf into the USA. That seems to be a long process on the horizon. I would retire and leave for Chiang Mai tomorrow if not for my business ties. That will be a two year process to extricate myself. Meanwhile, I will be traveling back and forth for two week excursions and enjoying the incredible golf courses in CM with my golfer gf.
Hi John, not every Thai is granted a B1B2 visa but Joy had no trouble getting one (everyone else in line was denied), I think because she speaks English well and has ties in Thailand (good job, owns a house) so likely the US did not see her as someone likely to overstay in the US. So with the B1B2, I'm not sure, but I think you can use that up to 10 years, just so the time out of country exceeds time in the US. So if she came every year for a few months, then out of the US for 9, she could likely keep getting approval each year. My friend from China has been doing this for a decade with no problems. But I'm not an expert at all.
@@RetiredGlobalLife thank you for the encouraging words regarding the visa. Btw- if you are a golfer, I’ll be back in November. We play Alpine, Legacy, Highlands, and Green Valley.
Married to Thai 38 years, spend 3 months in Thailand & 9 months in Florida. Best of both worlds.
Thanks so much for the positive message. (:
The only flaw in this plan is that I’m planning the move to be able to afford to retire on a greatly reduced income. My relief plan, should I not like it or for health reasons, is I’m keeping my home in the states and I plan on renting it out to cover its expense which does include a mortgage, insurance and property taxes. I’m covered by the VA for all of my healthcare here but that won’t work outside the states and of course I’ll be required to pay Medicare as well.
Yes, this plan won't work if someone has real financial limits.
You do get hospital coverage as a veteran, at least at some of the major hospitals, don't know all the details yet as you may have to pay and then get reimbursed, either with the VA or Tricare or a different program, PAC? or something like that. Otherwise, things can be super cheap for minor stuff. I believe you can also have meds shipped to the embassy? Know before you go , is my plan. And there's also different travelers insurance companies too.
@@mauimixer6040 Thanks for the input I didn’t know that hospital care was an option. I’ll be in the Manila in Dec so I’ll check in with the VA there.
@@papadougsadventures no problem. 😊
Thumbs up 👍 Randy
Thanks, Mango. Always good to hear from you. Take care.
Hello and thank you for your informative channel which i am a subscriber to it. i just retired and turned 65 with Medicare A and B (supplement G). The idea of moving to Thailand for 6 month is great. I got 2K pension and in addition the Social security which i have not dipped to it yet. regarding the benefit of Medical ( not buying one in Thailand (180 days rule) can you please go over the Insurance part if i don't have to get one in Thailand which what I am planning tp do. Just keep Medicare and 180 days visit. that way i am covered from an insurance prospective. Also in my situation do you this this type of 180 days is better than O, OA visa assuming i will not stay more than 6 month in Thailand a year. Thank you for your informative channel.
If you follow the link I provided to my video on Medicare out of the US it gives you more details. You could still get travel insurance for six months in addition if you felt better about it. Best wishes.
@@RetiredGlobalLife Thank yopu so much. Any recommendation for travel insurance company that you think are good?
It’s great solution to split you still can make your business and live with your family/friends and all your social circle and enjoy living in Thailand . The only disadvantage is the monthly ticket cost and traveling hustle
Thanks and yes, travel costs are the only drawback, but I'd say many people would just go back and forth once each year, so just one round trip ticket.
Nice vid, Randy. I don’t really want to deal with being a Thai tax resident that’s for sure. So under 6 months for me. I have a couple sisters that rely on me for help so I can’t take off from Canada for good either. Max maybe 7 or 8 months with maybe a 1-2 month trip to DaNang. I’ll keep my investments as a Canadian resident. My only worry is the bank locking me out and that 2FA stuff. I need to get techy with it before I leave. I’m hoping next Aug-Dec for my first trip. I can’t wait. Funny you said that some of us could split up time in CM and Bangkok to see how we like it. I started to watch a few BKK vids and now I’m wondering if I’d like it more there. Quite the train system and you can get affordable apartments just off the centers. Bangkok do anything for ya?
I've only been to BKK twice. The first time we focused on the old city area and the river and I enjoyed it. The second time we were very central in Sukumvit. I did not enjoy it. I felt like I was living in a Blade Runner movie with those huge pillars rising up into the air supporting the BTS. But it is a huge city with great public transportation and so much to do. But I'm not a big city guy, nor do I like the extra humidity there. If I ever left Chiang Mai I think I'd go a coastal city.
@@RetiredGlobalLife Haha Yeah we hit about 250k in my Canadian city and it’s starting to annoy me. Maybe Nimman is more like it.
SUBBeD! Great content! Great idea! Thanks
Thank you! Not a subject I've seen others explore.
How do you care for your US home when you are in Thailand? What if there is a busted pipe, or some such thing? I’ve been dreaming about this same situation 50/50 for several years now, as my circumstances are similar, but I’m not financially able to do so just yet.
I often have a family member stay here while I'm gone, or if not, I have great neighbors who are happy to water my inside plants each week and keep an eye on the place.
Hi Randy, thanks for another stimulating video. The upcoming tax situation might be more complicated than described as if double taxation treaty will take care of the problem. In the US we have many exemptions lowering the effective tax rate. What if Thailand will calculate tax based on gross income leading to a higher tax liability than paid in the USA and to a payment of a DIFFERENCE to Thailand. Think about selling a house in the USA usually under generous tax exemption and paying tax on full capital gains in Thailand! As to HMO Medicare Advantage: it is only good for EMERGENCY care both in the USA and abroad. Unfortunately, in the USA approvals are needed for just about anything expensive and often are denied. People die before their cancer treatment is approved (if) after disputes. Medicare supplement N and G plans also cover foreign travel emergency for the first 60 days.
Thanks for your comment. I can't imagine the Thai bureaucracy handling too much tax detail for foreigners. They can barely handle mundane things now, much less that. So I don't think they will overreach. Let's see.
@@RetiredGlobalLife exactly. And the tax is mainly based on Thais not paying taxes on business outside of Thai and actually those doing business in Thailand , which is plenty, at least to start with.
Nice video
Thanks so much, Mark!