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Books by Christopher LaVoie:
New! The Traveler And The Bard, A wonderful fantasy adventure for all ages
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Annexation! Historical collection of articles surrounding the annexation of Hawaii.
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Starkeys Boys. US Navy Deep sea diving in the Hawaiian Islands.
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Urban Prepper. Prepping for emergencies in an urban environment.
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Iphone 12 pro max
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DJI Osmo 6 gimble
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Microsoft Surface laptop
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KEEN light hiking shoes
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Universal power adapter for travel
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No chance $200000
Would have a Canada pension of 2100 and personal pension of about 600. Have about 350k in investment mostly oil gas utility, some mineral and mining. Thinking we would put our home in trust to our son…. And then slow travel. It’s possible. Key would be. Becoming a non tax resident of Canada. So all my pension and investment would not be taxed annually…. Exit tax for the investment accounts
Would have a Canada pension of 2100 and personal pension of about 600. Have about 350k in investment mostly oil gas utility, some mineral and mining. Thinking we would put our home in trust to our son…. And then slow travel. It’s possible. Key would be. Becoming a non tax resident of Canada. So all my pension and investment would not be taxed annually…. Exit tax for the investment accounts
I'm jut little shy away from 350k in invest right now, i can tell you that i'm very close to make the big jump myself!! Turning 52 this year. Looking to start my CPP around 60. For a longtime traveller in SEA i dream of that D day for years already. Thx to you as always, for sharing your thoughts 😊
Just looked up quote with your advertised insurance, Genki. For a 70 year old 1 year of insurance, €1,200 a Month. I also checked other travel insurance, most won't insure anyone over 70. And if you get a retirement visa in Thailand and buy insurance as a non Thai it is also very expensive.
200 K is fark all mate, can chew through that in a heart beat
The budget busters are the things that you didn't really plan on, such as traveling back to your homeland. For 3 of us to travel back and forth will cost about $2k per person. It's not hard to blow the budget if that need arises a couple times in 5 years. I think the most responsible approach is to budget twice as much as it should cost and live stress free when it doesn't!
Hi Chris, $200, 000 is too small to Retire in the U.S. Maybe in another country that would be possible , but definitely not U.S.
Good effort but you missed a key point. Most of us in our 50's and looking at retiring early have a pension coming like US social security between the ages of 62-67 ish depending what country you are in. That $200K+ investment only has to last for the gap up to the pension with as much principle in tact as possible.
Hello , do you know. BRo that if u move to phillippine your cost of living will be better , because thai baht is so high now … and aircquality is better
And in phillipines people speak english …..
$200,000 liquid cash and social security benefits of $2,000 a month
good picks but I do believe overall returns are better with VOO
Retiring on 200k is crazy. I wouldn't even retire on 2 million. And you're talking about a 6% withdrawal rate which is insane. Even a 4% withdrawal rate over 30 years has a chance of going broke of up to 8%. I assume at 6% you're roughly looking at a 50% chance of going broke. That's a coin flip. And this does not even account for inflation as well. So even if you manage to withdraw 1k monthly for the next 30 years, what is 1k worth in 30 years? Like nothing? In my opinion even taking a chance of going broke of 8% is too high. Hence, I'd go for 2.5-3% withdrawal rate. That would leave you with 500 bucks monthly at a 200k portfolio value. Good luck with that! I'd consider retiring north of 5 million dollars…
i got into the market with around that much a few months ago but i stopped half way with trump getting into trade war. Now i have a wait n see approach., not sure how bad things can get
This is exactly i sketched out …..
Never touch the principal.
You might not " touch the principle ". But it certainly can go down.
Thank you so much for giving me with this video. Its a great video showing that retiring is feasible!! Working towards 59 years of age. Just 6 more years to go.
Speaking of artist, Great Jazz!
Thank you. Very informative. We are Thai/American living in US. We have saving of 2 Millions dollars do you think we can retire in Thailand? We already owned luxery condo in Bangkok. We get free medical in Thailand because we are thais. We want to go back to Thailand in 4 yrs to retire there for good. Not sure if we can adjust to Thai life styles after living in US for 4 decade. My social security is $3000/ month. My wife not 62 yet but in 4 yrs.
I hope you are paying your tax in Thailand, as 12k US is around 400k baht, above the 150k threshold
It is funny that all persons making comments are successful investors, did not realize there were so many wealthy westerners, dufferent to what I see in Thailand, living, i should I say existing week by week, looking fir the cheapest bars to drink in, restaurants to eat in, live in a 25sg yd studio apartment!
I got my house appraised in Pennsylvania, and they said it's worth $200 K..guess where I will retire next year..Thailand
Have you looked at Southern India or Sri Lanka? Just 3 months there can shave off so much of your living costs. You can live very comfortably for $500 in South India in a beachside town. The amenities etc. may not be Bali like for $500, but it is possible. Another idea is to travel to places in off-peak seasons. The world has built up so much tourist infrastructure that one could just live off in hotels and Airbnbs for next to nothing if traveling during off-peak seasons.
Look at a 10 year chart of all those stocks, very ugly, you'd be down considerably on all of them if you bought 10 years ago. Usually high yielding stocks aren't going to have capital growth, so you really need to be reinvesting a good portion of the dividend income so that you maintain your purchasing power over time. There is a very real chance that, that portfolio will be the same or down over the next 10 years.
Where is the data from? It probably doesn't include peoples property which is where most peoples wealth is tied up. Yeah, they might only have $200k in savings, but they also have a $1M home they can sell.
An important thing to consider is that many people have home equity which is not counted in that retirement savings number… and pension income if people are lucky enough to have it.
You can buy STRF and currently get a 10.6% return on a perpetual fixed income preferred share that is way over collateralized. With $200,000 you’d get $21,200 a year forever Not investment advice, look into it for yourself.
Bro takes 5 business days to make a single point of interest
The problem is that Market can drop and never come back. It is better to have at least one house or land to protect from that scenario.
Just curious, you mentioned in other videos that you have family. Do they travel with you, or are they back in Hawaii while you travel? Just curious as to how your balance both.
Taxed to death in the United States . It’s sickening how much money we lose on taxes . I’m really considering retiring out of the us .
how was the negroni? It looked pretty good!
Great video, just started investing about 2 years ago, with the intention of retiring early. Interest/ dividends 🤙
I’m semiretired and have been for 5 years with passive income of $5-8k US monthly. It’s ok for me because I’m debt free and have been traveling around North America in my RV nonstop since 2021 without touching my IRA
Came for the financial vision boarding stayed for the drum solo. 👌
Great video… anything over $200k is the number usually in my head. I have 2 possible plans: put $200k in QQQ or another index fund. My cost of living in mexico is ~$1200usd/month. Then just withdraw my living expenses as needed and the rest grows over time. Over time index funds always increase even though everything has short term swings.. the 5 year average is always pretty good. The other plan is put $100k in a bank account in Georgia(the country not the US state). The deposit rate there is 10.7% for a 12 month term account. Then keep the rest in a 4% account (like Wise or Robinhood) and use as needed for my expenses. At 10.7% the Georgian account doubles every 7 years.
Nobody talks about the Maintenance fees /monthly/ yearly and Federal/ state /taxes on your investments. Would you deep down a little bit on this matter? I paid on my 401 k outrageous fees when I withdraw some money. Federal 20 percent! State 10 percent! I wonder if even was worth it to have it.
Retirement place in Thailand I would like to recommend another is Ratchaburi province.
Wowww awesome drum solo!!
From my observation, "people" do not plan for retirement. Therefore, "people" have not saved for retirement because they have better things to spend their money on. Please keep up the wonderful work!
Some of them came after you in the comments Chris! Haha. Thanks for providing us with helpful information!
Challenge ACCEPTED! So appreciative of your vids AND your Ninja Cat endings! Thank you so much for explaining specifics about your picks( and reasonings behind) them to get your dividends. I'm paying off debt then will sell and have atleast 250k. Thailand requires about 25 k in one of their banks IF we can't prove near 2k in monthly income, so I think I'll just make it for their retirement visa, with the rest going to moving there, and an emergency fund. I think I'll love it there, exercising, learning to cook Thai food, taking language classes, and joining expat communities. And planning burn season travel. Question: Do you have an app that works well (easy and reliable) for you for your investments or do you go through Scwab or a company like that? Thanks! Cat 🐈 PS would love some history and tour vids too, and more places to hike
Great Chat 🙂 1K would be tight, proper insurance is a must for folks our age, so need to have more to be safe. Hope all is well !
Sir – it is not possible to live on 1,000 USD a month (32,000 Baht) – anywhere in Thailand – other than the most remote rural areas of the country. To live – is enjoy your life. Living is not the same as surviving…. You might be able to survive on $1000 USD a month in a place like Chiang Mai… not Bangkok, Phuket, Koh Sami or even Hua Hin. 30,000 Baht (1000 USD) will cover your rent in a very basic tiny bachelor apt, utilities and food… that's it.
When I say surviving… you could not eat in restaurants… no Western food – only street food – other than the occasional 7-11 beer – no booze – no entertainment – you might be able to scrape up enough to have a phone with a data plan… you would have to leave your AC in your place off most of the time. No car – no scooter… And health care becomes a crap shoot as you would not be able to afford insurance. One accident or event and you are impoverished. And of course, you could never afford to fly home.
This would be a very very bad idea…
Influencers do a disservice to viewers with aspirations of a better life in a foreign country on very limited means. When moving to a foreign country you need to have your social, mental, fiscal act together… If you are a mess in your home country… that is what you will be in South East Asia.. AND you will be a mess with no family or support network.
100,000 Baht a month ($3000 USD) is the magic number to have a pleasant life in Thailand… if you budget carefully. Anything less than that and you are starting to make pretty significant compromises…
The video seems geared more to people under 62. But a lot will also be over 62 and SS for US peeps is available. This would change the equation. While the stability of SS is suspect, everyone agrees will still be some amount available. My plan was the 4% rule and if it makes more just let the fund grow, or for emergencies that come up to cover. Between 4% and SS should hopefully be ok indefinitely. Any thoughts?
Why not just park your money on SVOL and get 16per or Qyld and get about 11per or JEPQ and JEPI or a combo to raise the dividends to about 10-12per
what's the minimum social security payout? lets say you have only worked 10 years and earned $40k per year
I m 50 last 5 years I m retired greetings from koh samui around 6 k rental income and tesla shares which I m holding an other 10 years and 62 social security kicks in which is plenty
So, my situation going into retirement very shortly is probably very much the norm I would think for a large segment of retirees: Average Social Security plus the median savings amount you use in this vid. I think I can make it (financially anyway lol) in SE Asia for my retirement. It won't be lavish, but should be fine. Thanks as always for solid content! I'm going to seriously check out the stock recommendations also. All the best!