Quote:
Originally Posted by fallen11
ya inflation wise.....
4% return per year on 1mil is the base income. For inflation i'll be using things like my 1st property rental income & cpf payout to cover. Those thing will give me a nice bump to supplement my retirement on later years.
I know 40k sgd a year income to retire in thailand is a bit much. But i have to factor in some overseas holiday expenses every year, budget to cheong, car expense, medical insurance premiums, possibly have kids in thailand and send them to lower or mid tier international schools there.
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if spend like a local thai, is more than enough..still can travel for holiday within thailand..
if spend like foreigner, of cos not enough..
still not include, thai wife family have problem..house in province need repair, buffalo sick 555 and etc etc...insurance per year already from 20k to 35k thb, depend on age..my AIA insurance in Thai is already 37k thb per year..Have 1 mil thb to use in one year for any hospitalization...1 day can claim 3000thb for income loss per day too..if stay hospital 3 days , AIA will pay you 9000thb..hospital bills pay by the the 1 mil limited per year..
