I saw in one of your earlier comments that you are not sure if teaching pay in Thailand is subject to US tax and Social Security...if I were you I would find that out. I recently learned some details regarding how social security benefits are calculated that I wish I understood 10 year ago. If you don't know how the benefit is calculated I recommend that you watch some video's on it (watch more than one video and make sure you really understand it) The key concepts are average monthly Social Security wage (35 years worth and indexed) and "Bend Points". As I understand it based on current wage levels there is a sweet spot of an average of approximately $1,000 per month indexed income that was subject to Social Security tax that gives you the biggest return in terms of what your actual Social Security benefit payment would be in retirement. I would be looking to do what was necessary to make sure I at least maximized the calculation within the first "Bend Point". After the first Bend Point the impact of additional indexed average Social Security taxed wages on your Social Security benefit diminishes significantly. Disclaimer...I am just a dude on the internet and not an expert in any of this so don't rely on what I've said above...just trying to give you something to consider digging into and learning more about.
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Liquidating to monger abroad
- Thread starter Donnyman
- Start date
I think 'retiring' in Japan, South Korea or China is not good for 2 reasons. 1) if you plan to monger everyday, it is going to cost alot 2) Even if you get a sa girlfriend, Unlike other 3rd world countries, people look down on old men hanging around with young women in those countries.
Pattaya in Thailand and Angles City in the Philippines are monger cities, and retiring is not good there because those places don't have alot to offer except if you want to screw all day. Personally, I am looking to retire in either ChiangMai or maybe Cebu City.
Pattaya in Thailand and Angles City in the Philippines are monger cities, and retiring is not good there because those places don't have alot to offer except if you want to screw all day. Personally, I am looking to retire in either ChiangMai or maybe Cebu City.
Nobody has ever said anything to me about being 30 years older than my date in Seoul. But maybe that’s cause they’re all worked up over a gringo being out with the prettiest Kgirl in the room. Or maybe it’s because I don’t give two fucks for what anyone else thinks. Or says.
TBH Koreans are like a herd of geese that turns on one of its members after it hurt his leg and can’t walk right, pecking at it until it leaves the flock. If you’re different in any way, Koreans will helpfully point it out to you. Fat? They’ll tell you on the bus. Big nose? They’ll loudly talk about it in the coffee line. Don’t drink alcohol? You’ll be able to explain why to complete strangers at other tables 10 times every night.
so yes if you have thin skin, don’t settle in Korea. But it’s a lot easier lift, coming from USA to Korea, than Phils or Thailand. And btw, once you learn a little Thai, you’ll find Thais are like that too, just more subtle.
TBH Koreans are like a herd of geese that turns on one of its members after it hurt his leg and can’t walk right, pecking at it until it leaves the flock. If you’re different in any way, Koreans will helpfully point it out to you. Fat? They’ll tell you on the bus. Big nose? They’ll loudly talk about it in the coffee line. Don’t drink alcohol? You’ll be able to explain why to complete strangers at other tables 10 times every night.
so yes if you have thin skin, don’t settle in Korea. But it’s a lot easier lift, coming from USA to Korea, than Phils or Thailand. And btw, once you learn a little Thai, you’ll find Thais are like that too, just more subtle.
I may move to SE Asia, but mongering wont be a big part of it. Age gap relationships are more accepted. Keep in mind that in a poor country, part of your popularity is that you can help make some lives better. You will be more attractive than you are in the US.
Hence you may not feel the need to monger as often.
It’s good to select an area that is safe for expats.
I would not make a monger area home base. If you live in an area known for mongers, you’ll live side by side with scammers and other criminals.
Wherever you go, be polite, don't be flashy, don’t criticize their country and stay out of their politics and religion.
Hence you may not feel the need to monger as often.
It’s good to select an area that is safe for expats.
I would not make a monger area home base. If you live in an area known for mongers, you’ll live side by side with scammers and other criminals.
Wherever you go, be polite, don't be flashy, don’t criticize their country and stay out of their politics and religion.
Regardless of where you end up overseas, I suggest you keep a home base somewhere here in the States near a major airport (such as a safe deposit box and/or a safe in a small storage locker on an auto-pay plan or a cheap studio apartment in an inexpensive location). Use that location to store records, passwords, a few sets of clothes for every season and directions for accessing your accounts and funds in an emergency.. Have copies of your will, POA, insurance docs, etc. there, too.
Then you're not carrying all of your sensitive documents around with you, and they will not be accessible by nefarious characters abroad. If you get occasionally homesick, you can travel light and have all your personal care items waiting for you. Think of it as an an economy version of how the wealthy folks maintain multiple houses around the globe.
Happy Mongering!
Then you're not carrying all of your sensitive documents around with you, and they will not be accessible by nefarious characters abroad. If you get occasionally homesick, you can travel light and have all your personal care items waiting for you. Think of it as an an economy version of how the wealthy folks maintain multiple houses around the globe.
Happy Mongering!