I’m considering retiring to Thailand but am not sure of the financial requirements. About how much money in a Thai bank account is required to get a retirement visa? Do you need to show proof of pension or other retirement ...Read more
I’m considering retiring to Thailand but am not sure of the financial requirements. About how much money in a Thai bank account is required to get a retirement visa? Do you need to show proof of pension or other retirement income? What are the approximate total costs involved in getting a retirement visa?
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Making their own retirement plans is often done by freelancers and business people, because this group does not receive retirement benefits like office employees. Here's how to make your own proper and effective retirement plan, such as: 1. Determine when you will retire. If you are currently 30 yeaRead more
Making their own retirement plans is often done by freelancers and business people, because this group does not receive retirement benefits like office employees. Here’s how to make your own proper and effective retirement plan, such as:
See less1. Determine when you will retire.
If you are currently 30 years old and would like to retire at 60 years old, then you have 30 years to save and invest.
2. Calculate the cost of living with the inflation rate, if your current expenses (2023) are $ 1000 a month then if the inflation rate in your country is around 5% then you have to calculate how much your expenses will be per month in 2053.
3. Set Goals
After you can estimate how much I need per month in 2053, then you must be able to collect money for saving, investing, emergency funds and insurance.
4. Avoid debt, if you have a loan pay it off immediately so you can concentrate on raising money and making extra income.