Search results

Yes, great thread Khufu. Hope you can keep it updated from time to time.

Just responding to your question on Aussie pensions. There is a long running thread on Thai Visa on the subject at Australian Aged Pension - Visas and migration to other countries - Thailand Forum - Page 27 The long and the short of it is this as I understand it: You can receive the Aussie...

Ha, this is not just American society, this is Western society in general. I do sympathise in this case with the OP who put her husband through medical school. However, how many men worked for years whilst the wife stayed at home (of her own choosing) such that the wife never earnt an...

Khufu Thanks for the comprehensive response. I should have also welcomed you to the forum. I am a relative newbie and dont post here much, but I do keep an eye on the threads regularly, and for someone like myself that is trying to retire early, it has some invaluable information and helps...

Khufu Apologies for the slight detour on the thread with Oz aspects. I have a couple more questions if you will indulge me. Did you meet your Thai wife in Thailand or the US, and how long have you been together? How much of the decision to move to Thailand was due to your wife missing...

DangerMouse The 10% withholding tax specifically applies to bank deposits. You need to specifically request your financial institution in Oz withhold the 10% tax on interest earnt, otherwise they will not do so. Where it becomes advantageous to do so is in the following example. An...

Thank you for the detailed response, including your budget. I have spent some time on Thai visa and am familiar with the varying budgets people consider to be reasonable. I for one would not want a significantly lower standard of living than what I have now, so agree that getting by on an ESL...

Great post, thanks, and glad it is working out for you As someone contemplating moving to Thailand to retire early in the future, would you be willing to provide a breakdown of your budget, and how much you believe is required to provide a reasonable standard of living. Are there particular...

Hi everyone, thanks for responding. Made for interesting reading, with a very wide range of views presented. Cheers.

Pete, thanks for the info. You are livin' the dream...

fair comments, and I may have been somewhat remiss in including all of my motivations, but these are just some of the things I could do in retirement in say Thailand which I will never be able to do if I retire early in Australia, no matter where I live in Australia, based on the cost here in...

Good points. I could rent my house out. Hanging on to the house also means I would benefit from any capital gains in the longer term. On the other hand, selling and putting the money in the bank means I would only pay 10% tax on interest if I declare myself a non resident for tax purposes...

Just wanted to add that here in Oz, the age at which one can receive the Government provided aged pension (social security assuming you have not prepared yourseld for retirement with your own funds to retire, or need a part aged pension to supplement your own funds) is being raised to 67, so...

OK, so I am in my early 40's, and clearly being able to retire in your 40's as some have done on this forum, is in my opinion well and truly an early retiree (ER). So what is the cut off when you really can no longer be considered an early retiree. Is that after 55? Is it 60? Sorry if this...

Hi All Thanks for the time taken in replying, in particular to ItDontMeanAThing and Kramer for your detailed responses. The thread did get a little sidetracked, but I am afraid that this perception is well and truly alive - if I tell people I am thinking of retiring to SE Asia, immediately...

I know that some of you on this forum have, or are considering relocating to SE Asia (Thailand, Phillipines, etc) upon retirement. I have a couple of questions, as I am also considering relocation to a cheaper country in retirement, and SE Asia is relatively close to my home country. 1. Did...

Nice story Walt. Can relate to a lot of what you said. I called mine "the never ending list". Some of the things on the list included new car, new kitchen, new bathroom, home extension, holiday to US, holiday to Europe, $30k pearl necklace, etc, etc. Just ran out of steam in the end -...

Sorry, make that three millionaires in their 40s I know personally. Forgot about the following, but there are extenuating circumstances, which makes him atypical. Third one is a male, married, four kids, wife doesnt work. He owns a number of rental properties and shops. Sold a separate...

Hi Gettingalife. Congrats, I too am a relatively new member to this forum. I commend you on your support of your husband who would prefer not to continue with his high pressure/stress work, despite the offer of a promotion and I assume more money. I know my ex wife would have already been...

Well, I know of at least two millionaires (ie > $1 million in investable assets) in their early 40's, in my circle of friends / acquaintances. Male who did a Computer Science / Economics combined degree. Went on to become a management consultant for a large firm after uni - basically goes into...

Danmar, I would tend to agree with you that for many, if not most, divorce can be a financial nightmare, particularly for men. I think that where divorce can be beneficial for FIRE is scenarios where some or all of the following is involved: not a very long marriage and a marriage early in ones...

Hi all - thanks for your replies, and the links. Exactly the type of info I was after. Much appreciated.

Hi everyone, thanks for your great replies. It is clear there are many with similar experiences to mine. For me, money was not the main reason for our separation and subsequent divorce (there were other issues such as overt inlaw control over our decision making process as well as infidelity...

Hi Some of you may have read my introductory post where I mentioned I am divorced. Now that I am divorced, I am finding I am saving a lot more money. The ex couldnt cook so a significant amount of money went into takeway food. Also she loved to shop and also stayed at home (did not work)...

Hi This may have been posted as a thread before - if so, my apologies, as am a fairly new member to this forum. Am looking for a quick rule of thumb people have generally used for safe withdrawal rates, and hence how much is needed for retirement - and particularly for those...