retirement
- Thailand News
Police officer cites Buddhism in rejecting promotion
A police officer from Lamae Police Station in Chumphon province caused a stir by formally requesting not to be considered for a higher-ranking position. The officer, Pisan, provided a philosophical reasoning drawn from Buddhist teachings to support this unusual decision. Pisan, who serves as an inspector at Lamae Police Station, officially sent his request to the Chumphon Provincial Police Commander.…
- Thailand News
Thailand plans retirement lottery for over 60s, launching 2025
Thailand’s Deputy Finance Minister announced plans to present the retirement lottery scheme to the Cabinet for approval next month, aiming to begin sales in the first quarter of 2025. The scheme proposes extending the eligible age for purchasing lottery tickets to over 60 years. Paophum Rojanasakul addressing the progress of the retirement savings lottery, stated that the proposal is expected to…
- Retire in Thailand
Top 14 troubles you will find during retirement in Thailand
The transition into retirement can be an intricate process, particularly if contemplating spending your later years in Thailand. Crafting a thorough strategy for this subsequent stage of life is crucial to facilitate this changeover, and vigilance of potential hurdles is vital to preserve balance during these years. In the domain of financial investment, for example, one may encounter numerous difficulties.…
- Health
This insurance plan could cover some pre-existing conditions for 60 years+
As we age, health becomes an even bigger priority. Having the right coverage can give us the peace of mind we deserve. Those over 60 need to make sure that they’re well-prepared for life’s unexpected medical expenses. They need access to essential care, such as regular doctor visits or hospital stays, without worrying about financial strain. Stay protected and focus on…
- Business News
Thailand launches retirement lottery to boost savings for low-income earners
The Cabinet has introduced a new savings initiative for low-income individuals titled the retirement lottery, which offers enticing prizes to encourage saving. Deputy Finance Minister Paopoom Rojanasakul announced the Cabinet’s approval of this measure, aimed at bolstering savings under the National Savings Fund (NSF) through the Retirement Savings Lottery project. The NSF will amend relevant sections of its Act to…
- Retire in Thailand
Time to retire: Family home or retirement home?
Are you about to retire or think it’s time to take a break? Retirement is on its way and the next step after you resign is to find a new home. While many people enjoy living with their significant other, others prefer a more community-based living situation. Two of the biggest types include multigenerational homes and retirement homes. Although there…
- Retire in Thailand
Are you really in control of your life?
“The happiness of your life depends upon the quality of your thoughts.” – Marcus Aurelius In today’s world where everything seems to move too fast, we can find it difficult to be happy and find peace. However, Marcus Aurelius, former Roman emperor and stoic philosopher, emphasises that the quality of our thoughts directly impacts our happiness. With that, by focusing…
- Thailand News
Thailand proposes retirement savings lottery to combat poverty
Thailand faces a growing issue of an ageing population entering retirement without sufficient savings. This problem is exacerbated by the country’s rapid transition into an aged society, and cannot be resolved merely through increased budget allocations for elderly allowances. Deputy Finance Minister Paophum Rojanasakul announced that the Ministry of Finance is considering a new policy called the Retirement Savings Lottery.…
- Retire in Thailand
Overcoming from depression, stress and anxiety after retirement
Retirement ought to embody a phase of tranquillity and pleasure. However, for numerous individuals, it manifests as an era riddled with apprehension, tension, and melancholy. The abrupt alteration in daily practices, loss of significance, and social seclusion can precipitate a decline in mental health. Comprehending the influence of retirement on mental health is paramount. It transcends merely understanding the financial…
- Retire in Thailand
Post retirement in Thailand: Navigating benefits and lifestyle for expats
Understanding post-retirement benefits is essential for retirees, given the ever-changing landscape of retirement plans. It’s important to be aware of the options available, particularly in regions such as Thailand, to navigate the complexities effectively. Understanding each post-retirement benefits Navigating the landscape of post-retirement benefits reveals a variety of options designed to support individuals during their retirement years. These benefits, crucial…
- Expats
Chiang Mai ranked among top budget-friendly retirement locations
The lively and diverse city of Chiang Mai in Thailand has been listed among 13 budget-friendly global locations where couples can retire and live comfortably on a modest sum of US$1,500 per month, according to a new survey from International Living. The city, an eclectic mix of Thai, Chinese, Indian, and foreign residents, is celebrated for its rich history, culture,…
- Retire in Thailand
Unlock the science of beach volleyball for elders
Adapting sports for elders is not just about keeping them physically active; it’s about creating a sense of community and fun in their golden years. Beach volleyball, a sport known for its sun-soaked fun and teamwork, might not be the first activity that comes to mind for elder citizens. However, with a few creative adjustments, it can become an inclusive,…
- Business News
Retirement of baby boomers threatens leadership vacuum
The future of many businesses hangs in the balance as a significant number of top leaders retire, a trend accelerated by the fact that 10,000 Baby Boomers, who predominantly occupy managerial positions, are reaching the retirement age of 65 each day. That’s according to an eye-opening article published last year by Fortune magazine. The publication highlighted the mounting uncertainty for…
- Retire in Thailand
Unlock the magic of Tai Chi for elders
Tai chi, a gentle form of martial arts, is gaining popularity among elders looking for an accessible way to enhance their health and well-being. With its roots deeply embedded in ancient Chinese tradition, tai chi offers a holistic approach to maintaining physical and mental balance. It’s a practice that doesn’t require any special equipment and can be done anywhere, from…
- Guides
How tech transforms retirement – Must try
Embracing technology in your golden years isn’t just about keeping up with the grandkids on social media. It’s about enriching your retirement life in ways you might not have imagined. With over 62% of adults aged 65 and older now regularly surfing the web, it’s clear that the digital age is not just for the young. How technology can help…
- Retire in Thailand
Thailand 2024: The retirement haven you can’t miss
As you approach retirement, keeping an eye on emerging trends within the industry is crucial, especially in vibrant markets like Thailand. In 2024, Thailand’s retirement industry is set to evolve, influenced by global economic shifts and local demographic changes. This introduction will guide you through the key trends shaping the future of retirement in Thailand, offering insights to help you…
- Guides
Retirement reimagined: Turning hobbies into earnings
Gone are the days when retirement meant putting your feet up and leaving the world of work behind for good. Nowadays, many retirees are looking for ways to stay active, engaged, and yes, even boost their income. It’s all about turning your passions and spare time into a profitable venture. What is a profitable hobby? When you hear about income-generating…
- Lifestyle
Retire rich: Secret tips to plan your dream retirement
Planning for retirement might seem daunting, but it’s a crucial step toward securing your future. Starting early and understanding where to save are key. If your employer offers a retirement plan with matching contributions, that’s an excellent starting point. Don’t worry if you don’t have access to one; opening your own retirement account is a solid alternative. Navigating the myriad…
- Retire in Thailand
Retirement in Thailand as a couple
Dreaming of retiring to Thailand with your better half? You’re not alone. Thailand, with its sun-kissed beaches, lush landscapes, and vibrant culture, has become a haven for couples looking to spend their golden years in paradise. Whether you’re enticed by the tranquillity of rural towns or the bustling expat communities in cities like Hua Hin, retiring in Thailand offers a…
- Retire in Thailand
Ultimate retirement paradise in Thailand: Find out why
Deciding on the perfect retirement spot can be a daunting task, especially when eyeing a destination as diverse and culturally rich as Thailand. Known for its breathtaking landscapes, from serene beaches to lush mountains, and its vibrant cities teeming with life, Thailand has emerged as a top retirement haven in Asia. It’s not just the scenery that draws retirees from…
- Thailand News
Thai military launches early retirement scheme funded by 600 million baht
The Defence Ministry is advancing with an initiative to streamline the Thai military, proposing the allocation of 600 million baht from the central budget to facilitate an early retirement scheme over the next three years. Defence Minister, Sutin Klungsang, unveiled the strategy as a crucial part of the plan to reduce and optimise the military force, with the initial phase…
- Thailand News
National artist Chalermchai Kositpipat retires to enjoy motorcycle travels
Chalermchai Kositpipat, a national artist and creator of Wat Rong Khun, announced his retirement, adding he will spend his remaining days enjoying life on his motorcycle. Born on February 15, 1955, in Rong Khun, Chiang Rai, Chalermchai is best known for his Thai mural paintings in Wat Phuttha Prateep in London, England, and his art at Wat Rong Khun. Chalermchai…
- Pattaya News
Pattaya elephant Nam Chok retires to Wildlife Friends Foundation Thailand sanctuary
In a momentous event, Nam Chok, an elderly elephant who has given rides to tourists in Pattaya for decades, has been granted retirement. In her sixties, she was released by her owner into the care of the Wildlife Friends Foundation Thailand (WFFT), a sanctuary that offers a refuge for elephants. Nam Chok, who is partially sighted, is suspected to have…
- Retire in Thailand
Retiring solo: Tips and tricks for single retirees in Thailand
Retirement marks a significant milestone; planning the next steps is crucial, especially for those retiring alone. Thailand, offering excellent healthcare and a lower cost of living, appeals to many looking for a relaxed and affordable lifestyle in their twilight years. Why Thailand appeals to solo retirees Thailand has always been popular as a retirement destination, and it’s easy to see…
- Retire in Thailand
Do you need to pay income taxes when retiring in Thailand?
If your calendar is bursting with dreams of idyllic sunset beach strolls and idling away your days in a hammock, chances are you’re contemplating retirement in Thailand. With its affordable living cost, warm climate, and fabulous food, it’s no wonder you’d choose to spend the golden years under the shade of a tropical palm, enjoying cold coconut water. But let’s…
- Retire in Thailand
What you need to know about mandatory health insurance for retirement in Thailand
If you’ve always cherished that dream of retiring to a life of endless beaches, mouth-watering street food, and glorious sunsets in Thailand, it’s fair to say you’re not alone. But as you savour your bowl of Tom Yum Goong and browse those enticing property listings in Phuket, it’s important to have a quick glance at the less glamorous but equally…
- Thailand News
Magazine ranks Thailand 9th best retirement spot on Earth
Thailand secured its position as the world’s ninth-best retirement spot on International Living Magazine’s 2023 Annual Global Retirement Index. The index ranks countries based on their suitability for retirees, taking into account various factors including cost of living, cost of healthcare, cultural activities, and more. In the 2023 index, Thailand shares the spotlight with other popular retirement destinations such as Portugal,…
- Guides
The 5 best retirement homes to spend your golden years
You’ve put in the time, done the hard yards, and now it’s time to embark on the adventure of a lifetime in a nation as warm as the greetings you’ll receive at every turn. Thailand is calling your name, and we’ve got five of the most splendid retirement homes that will whisk you away to a life of sun-kissed bliss…
- Economy News
Report reveals Thais need to save 15%-30% of salary for retirement
Thai people are being urged to save more money for their retirement instead of relying on lotto prizes, inheritances, or descendants’ income. The Faculty of Commerce and Accountancy of Chulalongkorn University launched a National Retirement Readiness Index (NRRI) for Thailand yesterday. The report revealed that Thai people are not financially ready for retirement. Most people are ready for retirement in…
- Home Services
How Thailand is shifting to aged care in the home
Thailand’s ageing society is growing rapidly, with a quarter of Thais who are 60 years and older forecasted to account for one-third of the population by 2040. Despite expectations that the country would see a rapid escalation of assisted living and nursing homes being developed, COVID-19 became a game-changer. While traditionally many Thais have lived and grown up in multigenerational…
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