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World Traveler
Joined: 29 May 2009
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 Posted: Fri Sep 16, 2011 9:38 pm Post subject: |
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| psymist wrote: |
| I'd really like to know how people who plan on staying in Korea are developing long-term financial plans. |
| nathanrutledge wrote: |
| I don't know about you, but I save MORE for MY retirement in Korea than in the US. |
How do you guys do it? What is your secret? @_@ |
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edwardcatflap
Joined: 22 Mar 2009
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| Posted: Sat Sep 17, 2011 12:21 am Post subject: |
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| Quote: |
| I'm not sure if I will be a lifer or if I will go back home after getting married. I'd really like to know how people who plan on staying in Korea are developing long-term financial plans. Some people have mentioned investing in stocks or buying houses. Are those the only (or best) ways available? |
It's always better to spread your savings around of course. rentable property and a stock market based pension for me. Planning to retire at around 55, though might continue to work part time. |
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pegasus64128
Joined: 20 Aug 2011
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| Posted: Tue Oct 04, 2011 7:30 pm Post subject: |
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| Kennyftw wrote: |
| edwardcatflap wrote: |
| While Thailand may be very nice for holidays, not all of us want to spend our retirement years being pestered for massages on sweltering beaches or playing pool with prostitutes. Some people may prefer the more traditional activities such as spending time with grandchildren or going for gentle walks in the countryside. You might want to take in a show occasionally that doesn't involve ping pong balls. This is specially true if you get married at some stage as I can't imagine there are many women who would see Thailand as somewhere they'd want to spend their twilight years. That's aside from any of the modern services and comforts for old people available in developed countries. |
yeah I just don't see how retiring in thailand can be as good as retiring in florida with all the great fishing, fantastic restaurants and nice clean shops. there's no comparison in my opinion. |
Each to their own. I'd take Thailand over Florida any day of the week - especially the spectacularly beautiful North. No comparison for me. But Thailand might not be as open to retirees. |
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Juregen
Joined: 30 May 2006
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| Posted: Tue Oct 04, 2011 8:55 pm Post subject: |
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| TheUrbanMyth wrote: |
| World Traveler wrote: |
Really, Urban Myth? You are saving enough for retirement? On your 2.7 per month salary with no 401K? You want to live out your last days in Korea?
The lobster pot
http://forums.eslcafe.com/job/viewtopic.php?t=83625
| Quote: |
| EFL is a capricious profession at best and most people are not savvy enough to build up sufficient retirement funds. Sure, you can save a lot of money depending on where you work. But, how many teachers do you know who can save the requisite one million American that most financial advisors recommend? Not too many, I bet. |
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WT you don't know me and I don't know you. I will say this...that if I couldn't make more than 2.7 million/month here...I'd probably go somewhere else.
And I would have no problem spending my last days here or in many other places. |
It is as simple as this. |
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Koreadays
Joined: 20 May 2008
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| Posted: Tue Oct 04, 2011 9:55 pm Post subject: |
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everyone has different priorities for retirement. Some want to live by the beach, Thailand the phillipines, 3rd world living. cheaper so to speak.
frankly I didn't find those countries cheap at all. sure you can live like the locals, if I want to be frugal I can be frugal back home too.. so why go there?
the weather? I can understand why many would go there who will not be married, or divorced etc. I have seen plenty of old men with local girls who seem younger than their grand kids, hey, if dying with a smile on your face and pumped up with viagra is your way of exiting this earth. SO BE IT.
for me.. I want enough money in my investments where I can spend my days moving from one place to the next, from 55-75 I want to be moving a lot, living in different countries, then from 80 on wards I would want to live somewhere with the best health care . or even better.. FREE CARE.
hey, maybe CUBA lol... |
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Draz
Joined: 27 Jun 2007
Location: Land of Morning Clam
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| Posted: Tue Oct 04, 2011 10:32 pm Post subject: |
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| Koreadays wrote: |
for me.. I want enough money in my investments where I can spend my days moving from one place to the next, from 55-75 I want to be moving a lot, living in different countries, then from 80 on wards I would want to live somewhere with the best health care . or even better.. FREE CARE.
hey, maybe CUBA lol... |
I guess it's possible you'll still want to move around a lot when you hit your golden years, but I really can't imagine it myself, especially the 65-75 span. What if you break a hip?? |
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rainism
Joined: 13 Apr 2011
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| Posted: Wed Oct 05, 2011 12:30 am Post subject: |
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| Draz wrote: |
| Koreadays wrote: |
for me.. I want enough money in my investments where I can spend my days moving from one place to the next, from 55-75 I want to be moving a lot, living in different countries, then from 80 on wards I would want to live somewhere with the best health care . or even better.. FREE CARE.
hey, maybe CUBA lol... |
I guess it's possible you'll still want to move around a lot when you hit your golden years, but I really can't imagine it myself, especially the 65-75 span. What if you break a hip?? |
then you'll have a broken hip.
ever notice most people outside of the US actually outlive Americans and there are doctors and hospitals there too? |
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rainism
Joined: 13 Apr 2011
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| Posted: Wed Oct 05, 2011 12:31 am Post subject: |
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| pegasus64128 wrote: |
| Kennyftw wrote: |
| edwardcatflap wrote: |
| While Thailand may be very nice for holidays, not all of us want to spend our retirement years being pestered for massages on sweltering beaches or playing pool with prostitutes. Some people may prefer the more traditional activities such as spending time with grandchildren or going for gentle walks in the countryside. You might want to take in a show occasionally that doesn't involve ping pong balls. This is specially true if you get married at some stage as I can't imagine there are many women who would see Thailand as somewhere they'd want to spend their twilight years. That's aside from any of the modern services and comforts for old people available in developed countries. |
yeah I just don't see how retiring in thailand can be as good as retiring in florida with all the great fishing, fantastic restaurants and nice clean shops. there's no comparison in my opinion. |
Each to their own. I'd take Thailand over Florida any day of the week - especially the spectacularly beautiful North. No comparison for me. But Thailand might not be as open to retirees. |
actually it is.
you simply have to put some of your money into a Thai bank, denominated in Thai baht |
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creeper1
Joined: 30 Jan 2007
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Underwaterbob
Joined: 08 Jan 2005
Location: In Cognito
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| Posted: Thu Apr 12, 2012 7:18 pm Post subject: |
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| Some people just aren't happy wherever they are. |
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litebear
Joined: 12 Sep 2009
Location: Holland
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| Posted: Thu Apr 12, 2012 9:59 pm Post subject: |
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He leaves in Denton, I did my exchange year at UNT there!  |
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pegasus64128
Joined: 20 Aug 2011
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| Posted: Fri Apr 13, 2012 1:53 am Post subject: |
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| Underwaterbob wrote: |
| Some people just aren't happy wherever they are. |
Yes, but is there a country you can go to whereby none of them will be there? I doubt it..
Imagine X developing country with a massive placard at the airport saying "This is a developing country in a different continent to your country. Things may work here differently" and how quickly these people will whine about how it's not developed enough and things are different. |
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litebear
Joined: 12 Sep 2009
Location: Holland
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| Posted: Fri Apr 13, 2012 11:03 pm Post subject: |
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God I've just watched all his recent videos. What is wrong with me? 
Homeless for a while
Fired from a job at a 7/11
Got a tatoo of a girl he was dating's name
Then she dumped him
Reading between the lines he might have attacked/stalked her afterwards
Not been a great year for ol' goemonronin |
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catman
Joined: 18 Jul 2004
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| Posted: Sat Apr 14, 2012 9:24 am Post subject: |
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| litebear wrote: |
God I've just watched all his recent videos. What is wrong with me?
Homeless for a while
Fired from a job at a 7/11
Got a tatoo of a girl he was dating's name
Then she dumped him
Reading between the lines he might have attacked/stalked her afterwards
Not been a great year for ol' goemonronin |
The great thing about these videos is that they make you feel better about your life. |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Sat Apr 14, 2012 7:12 pm Post subject: |
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Here's a question that struck me after (finally) watching the videos - would you hire this guy? Based on what you see in the vids, would you hire him?
Honestly, he puts down part time jobs, but I'm not feeling that I'd hire him for much more than that. |
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