I don't intend to move permanently to Thailand, so perhaps that disqualifies me from saying anything on this topic. That said, I found this video very interesting because it resonates with my own future financial plans. I don't have health insurance, but at my age (50 this year) I really should look into it. Your comment about potentially not qualifying for health insurance after 65 is quite the revelation to me and really gets me thinking 🤔 My car is also 24yrs old this year & needs replacing, and that figures into my considerations too 🤨 Malaysia's EPF recently introduced a 'flexible' Account 3, which I think is going to drive the wealth gap between the rich and the poor even wider. The well-off will not need to withdraw from it.. whereas those earning lower probably will, and so will have less upon retirement. I enjoy these types of analyses.. and got to learn new things too! 👍
Thanks for your feedback. I always appreciate your intelligent and constructive comments. The 65 year cut-off age applies to AXA, and maybe some other companies, but you can still get insurance. My wife's friend is an insurance agent and I asked her about the 70 year-old guy. If he has never received treatment for his diabetes in Thailand, AIA will insure him. Depending on the level of cover he wants, the premium will be around Bt100,000 to Bt160,000. If he has received treatment in Thailand, they won't insure him. I don't know where he got the 1,000 USD a month quote, but this sounds excessive. My car is now 21 years old. I've spent a fortune fixing problems, and now hope it will keep going for a few more years. I will need to replace my wife's car at some stage in the future, but I don't want another car myself. I don't enjoy driving in Thailand because the driving standards are so bad, traffic laws are neither followed nor enforced, and Thai drivers are very aggressive. I look forward to a time in the future when my wife or kids will drive me around. I watched a video a few months ago about Malaysia's EPF. It said that during Covid, when people were struggling financially, they were allowed to withdraw money from their EPF. However, that means that many people now don't have enough money in their funds to provide a sufficient pension. If the government is now allowing further EPF withdrawals, it will only exacerbate the problem. Many countries now have huge levels of debt and this doesn't bode well for the future. The effects of borrowing and money printing during the last few years will be felt for many years to come. I have three years to wait before I can collect my state pension and I just hope that the UK hasn't gone bankrupt by then.
And I appreciate your comment. Thank you! You'll have a great retirement, and your wife will be able to explain a lot of things. It's quite different living here as a single person compared to living with a Thai partner.
Once you get married and have kids, you no longer have any say in the matter! As I said in the video, very little of my income is spent on me, but that's fine. For my first 50 years of life I was single and could spend money on whatever I wanted. I travelled a lot, owned a couple of Porsches, had a nice home, and did whatever I wanted to do. However, there comes a time in your life when doing things on your own just becomes meaningless and unfulfilling. I now get a lot more pleasure buying things for my family than I do buying things for myself. My kids' education is important to me, and that's where a big chunk of money goes.
Since health insurance works differently in different countries, are those numbers monthly, quarterly, annual? Apologies if you stated it and I missed it. Thanks.
@@Harbinger-X Education and medical costs in the US are insane. I've also been watching some videos recently about house prices, property taxes, and home insurance in the US. I wouldn't be surprised if a lot more Americans decide to move to Asia!
I don't intend to move permanently to Thailand, so perhaps that disqualifies me from saying anything on this topic. That said, I found this video very interesting because it resonates with my own future financial plans. I don't have health insurance, but at my age (50 this year) I really should look into it. Your comment about potentially not qualifying for health insurance after 65 is quite the revelation to me and really gets me thinking 🤔 My car is also 24yrs old this year & needs replacing, and that figures into my considerations too 🤨
Malaysia's EPF recently introduced a 'flexible' Account 3, which I think is going to drive the wealth gap between the rich and the poor even wider. The well-off will not need to withdraw from it.. whereas those earning lower probably will, and so will have less upon retirement.
I enjoy these types of analyses.. and got to learn new things too! 👍
Thanks for your feedback. I always appreciate your intelligent and constructive comments. The 65 year cut-off age applies to AXA, and maybe some other companies, but you can still get insurance. My wife's friend is an insurance agent and I asked her about the 70 year-old guy. If he has never received treatment for his diabetes in Thailand, AIA will insure him. Depending on the level of cover he wants, the premium will be around Bt100,000 to Bt160,000. If he has received treatment in Thailand, they won't insure him. I don't know where he got the 1,000 USD a month quote, but this sounds excessive.
My car is now 21 years old. I've spent a fortune fixing problems, and now hope it will keep going for a few more years. I will need to replace my wife's car at some stage in the future, but I don't want another car myself. I don't enjoy driving in Thailand because the driving standards are so bad, traffic laws are neither followed nor enforced, and Thai drivers are very aggressive. I look forward to a time in the future when my wife or kids will drive me around.
I watched a video a few months ago about Malaysia's EPF. It said that during Covid, when people were struggling financially, they were allowed to withdraw money from their EPF. However, that means that many people now don't have enough money in their funds to provide a sufficient pension. If the government is now allowing further EPF withdrawals, it will only exacerbate the problem.
Many countries now have huge levels of debt and this doesn't bode well for the future. The effects of borrowing and money printing during the last few years will be felt for many years to come. I have three years to wait before I can collect my state pension and I just hope that the UK hasn't gone bankrupt by then.
Thanks alot, this vlog is really helpful as I am planning to retire with my thai wife in the future. Appreciate it 🙏
And I appreciate your comment. Thank you! You'll have a great retirement, and your wife will be able to explain a lot of things. It's quite different living here as a single person compared to living with a Thai partner.
I would certainly say that your money is very well utilised 👍
Once you get married and have kids, you no longer have any say in the matter! As I said in the video, very little of my income is spent on me, but that's fine. For my first 50 years of life I was single and could spend money on whatever I wanted. I travelled a lot, owned a couple of Porsches, had a nice home, and did whatever I wanted to do. However, there comes a time in your life when doing things on your own just becomes meaningless and unfulfilling. I now get a lot more pleasure buying things for my family than I do buying things for myself. My kids' education is important to me, and that's where a big chunk of money goes.
Since health insurance works differently in different countries, are those numbers monthly, quarterly, annual? Apologies if you stated it and I missed it. Thanks.
Sorry! They're yearly.
Phew!...😌 I thought monthly. Lol... Even if monthly, still would be cheaper than the US. Thanks for the quick response. 🙏
@@Harbinger-X Education and medical costs in the US are insane. I've also been watching some videos recently about house prices, property taxes, and home insurance in the US. I wouldn't be surprised if a lot more Americans decide to move to Asia!