LogFAQs > #972019442

Jen0125 posted...

How do people just retire to other countries? How do they get visas to live without working?

In thailand you have 2 requirements to get a retirement visa (basically can stay there forever, but can't own land (you can buy property though, condos etc).

First is you must be 50+, before 50 you can still live there but you have to use 90 day visas that can be renewed once, and then have to leave/return to the country. Way more expensive. The 50+ visa is renewed every year (within 90 days of it ending) and can go on forever without leaving the country.

The other requirement is 24k$ in a bank that can be verified, that is a yearly requirement so you can't go under that amount. They consider that enough money for anyone to live very comfortably in their country, so if you can prove you have that, your golden.

That is it.

You can even get social security from the US there (though still can't get it till the normal age (60-62 depending on circumstances). In theory you can get it at 50 if your disabled though.

Social security would be enough to live pretty comfortably there, but not enough to even barely survive here, so I wouldn't be surprised if that becomes much more common in the future (especially in a decade from now when I could get social security).

There are other places you can move to/retire but not many as cheap. Thailand seems to have a high standard of living, VERY good medical care, good food, safety/security (possibly better than the US with all the shootings etc), and very low cost to live there.

Seems too good to be true, but the research I have done so far seems to support it.

Still along way from even taking a trip there to check it out, but it could be a direction for me to go in the next year or so.