US$1 million is not enough for retirement
- Thread starter Grandluxe
- Start date
How many zeros did you forget ?? Even with 50k in BKK you couldn't live decently imo, actually nowadays I couldn't even pay my rent there with that money. Not everyone envision perfect retirement as a pauper...
And good luck avoiding the diseases when you grow older (btw I think Smallstops mentionned people going back to their home country for healthcare because it's heavily subsidised there, at least in France where he is from. Especially upcountry one can go through heavy treatments without paying a dime )
I like Singapore, but last I checked, requirements to move to Singapore were getting harder. It wasn't clear wether one could invest several mil in a property and get a residence visa anymore and only selected sectors were open to immigrating entrepreneurs. Definetely not a place to retire for someone on 1mil USD.
Thailand is quite popular among retirees, and life is cheap there (very cheap upcountry). Not my cup of tea anymore but a decent choice on the 1 million usd budget.
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At least in a recession, even with ZIRP, real interest rates rise and you "earn" by holding on to
your simultaneously increasing value dollar. Heres to the next recession!
Actually, real interest rates are rising now withinflation expectations falling pretty fast.
Commodities are negatively correlated with real interest rates and are getting monkey hammered now.
I dont think a recession is allowed with the employment mandate and any of the above mentioned conditions
will not be tolerated.
Continuing to ramble, the yen and euro are still over valued to USD in terms of purchasing power parity
So maybe the dollar runs more from here.
So, with rising real rates, qe ended, commodities smashed, scorching dollar, and throw in a BTFD stock market you have to be dreaming to think the fed is happy with current conditions.
I could be wrong about all this, however. Back to Bangcock.
your simultaneously increasing value dollar. Heres to the next recession!
Actually, real interest rates are rising now withinflation expectations falling pretty fast.
Commodities are negatively correlated with real interest rates and are getting monkey hammered now.
I dont think a recession is allowed with the employment mandate and any of the above mentioned conditions
will not be tolerated.
Continuing to ramble, the yen and euro are still over valued to USD in terms of purchasing power parity
So maybe the dollar runs more from here.
So, with rising real rates, qe ended, commodities smashed, scorching dollar, and throw in a BTFD stock market you have to be dreaming to think the fed is happy with current conditions.
I could be wrong about all this, however. Back to Bangcock.
Awesome. So you spend your entire life working your ass off while living in the US and paying US taxes, just so that when you really need (maybe even deserve) comfort in your retirement, you have to leave your homeland to some third world country? Leave your family, friends, your rights, everything you know, just so your $1M can last until you die?
Heaven, what a great deal!
LOL.
Retirement is a farce. Every fucking media outlet is touting it as some momentous beacon that will shine upon your path into your (very) senior years. What do we call this... ah yes, I know: bullshit. Unless you are in the top 2% of earners, you won't save nearly enough (IRA, 401K, whatever) to retire on. And if you somehow do, better hope it doesn't run out before you die. Ah, what comfort!
Don't retire. Build something that continues to work *for* you. Isn't this why you are here?
/Wulfrede
Heaven, what a great deal!
LOL.
Retirement is a farce. Every fucking media outlet is touting it as some momentous beacon that will shine upon your path into your (very) senior years. What do we call this... ah yes, I know: bullshit. Unless you are in the top 2% of earners, you won't save nearly enough (IRA, 401K, whatever) to retire on. And if you somehow do, better hope it doesn't run out before you die. Ah, what comfort!
Don't retire. Build something that continues to work *for* you. Isn't this why you are here?
/Wulfrede
Live on $40K? Where? Going where, driving what? And with what quality of life? Besides, if you expect a 4% return on that million, chances are the corresponding inflation is making that $40K worth at least that much less, besides the fact that your principal gets continuously deflated. And who says you'll even get 4%?
Hell, fine, maybe you can "exist" on $40K a year. I wouldn't call that living, while the clock keeps on ticking. Something surely to look forward to after decades of wage slavery.
The fact is, the savers are getting shafted. And with average earnings stagnant for over a decade, things are not looking up for retirement prospects.
I had to Google "Lady boys" just to figure out what you were talking about. (I live a sheltered life...)
Seems to me living in Thailand would be confusing as hell especially for a senior citizen. Imagine not knowing for sure that you were admiring a young lady's ass or not.
It's easy to tell the difference, odds are if the lady your eying up is tall then it's a Lady Boy as real females over there are generally very short.
I client and frequent Thailand Visitor reckons there easy to avoid as there all in 1 area anyway, although I bet in his case, easy to find!
I have approx $7000 USD to retire of, I'm nearly 44 should I start to worry ?? NAH!!!!
1Mil hey, 100K for 10years or 200K for 5years, live like a king do everything you want then when it's all gone make sure you've got a gun and 1 bullet left, sorted!! From what I've seen getting old and falling to pieces mentally and physically is seriously over rated.
I'm going to have 1 hell of a month then bang LOL
I'm going to have 1 hell of a month then bang LOL