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Mind if I ask where in in SE Asia? I'm having a hard time coming up with a place where a couple of retirees could live reasonably on less than about $2k monthly
by donw 10y ago
Mind if I ask where in in SE Asia? I'm having a hard time coming up with a place where a couple of retirees could live reasonably on less than about $2k monthly (when factoring in age-related healthcare costs).
Which is still probably close to a 40% savings over living stateside -- mostly due to medical expenses, of course.
I suppose a follow-on question would be do these countries also provide for assisted living, once our retirees get to that age?
- curun1r 10y agoI also spent time in Malaysia, Philippines and Indonesia and all were pretty cheap, but I had Thailand in mind when I wrote my previous comment. They have a retirement visa that means you only need to do visa runs every six months. The only requirements are age (IIRC it was above 50) and a bank account in with, IIRC, around $20K in Baht. I had a medical procedure performed there for which I had been quoted close to $1500 in out of pocket costs beyond what my insurance would cover here in the US. Without insurance, it cost just over $100 there. Dunno if that kind of savings would apply to all medical care, but that's my only data point. Other costs would depend on where you chose to live. Bangkok was more expensive and one of my least favorite places I visited. $2k/mo might be hard there. The islands and south coasts are a lot nicer and $2k/mo is a pretty reasonable target. Chiang Mai was among my favorite cities I visited. $2k/mo is more than you'd need there. Rent is ~$400 and a meal for two is $2-$6. There's a reason why it has a huge expat community...the combination of pretty, comfortable and cheap is hard to beat. For obvious reasons, I can't comment on the cost of an assisted living facility.