Seems like the reporter not so shyly pointed out that an incentive for these men to retire to SE Asia is not just the healthcare but the women?
because men liking women is shameful?
Americans are retiring to Vietnam
51–60 of 254 posts
Re: Americans are retiring to Vietnam
#52"They bought the four-bedroom, 3½-bathroom unit, measuring about 1,840 square feet along with a separate veranda, for about $250,000 in 2011." I'm sure it's a very nice place, but that sum is nothing to sneeze at. I wonder how much it costs now, and what is monthly expense is. Good thing is, American government has sensible reciprocal arrangement with many countries that offer national pension system that you don't n…
$250,000 is more or less the median price for a house that size in Ames, IA, a university town which regularly shows up on various "Best Places to Live" lists.
or the us east coast that isn't NYC
Re: Americans are retiring to Vietnam
#53Earlier quoted context omitted.
Can they sell it at the end of those 50 years and buy something else? If so, I can't see why purchasing one would necessarily be steadily decreasing in value, except for the requirement of a rushed sale if you waited until the very last minute to sell.
Because you wouldn't get your money back at the end of that 50 years. If you sold it after 35 years, you would essentially be selling a 15 year contract to own the apartment, which would likely be factored into the resale price.
With that said, 50 year property rights are likely a stepping stone to something "better" since no one has hit that point yet, so the laws could change before then. However a lot of other things could change before then that might work against you (e.g.increase in corruption, attitudes towards foreigners could sour, property rights policies could revert back to less rights, etc).
Re: Americans are retiring to Vietnam
#54Seems like the reporter not so shyly pointed out that an incentive for these men to retire to SE Asia is not just the healthcare but the women?
because men liking women is shameful?
It’s not but the old white man/submissive younger Asian woman dynamic is one of those uncomfortable stereotypes that ring true
Re: Americans are retiring to Vietnam
#55Earlier quoted context omitted.
Strange he didn't see the irony of "insult" when referring to Asia as a monolith
I think you guys are missing the joke. The users experience is with the U.S. health system. Because the stereotype and the parent comments have the implication that doctors from Asia are seen as inferior; the joke being that the U.S. sets a fucking low standard for quality of care.
This is indeed exactly what I was trying to say, thank you :)))
Re: Americans are retiring to Vietnam
#56Earlier quoted context omitted.
I don't really understand this. Max out-of-pocket for insurance plans now is very reasonable. If you can afford a $250k house, you can afford the max out-of-pocket cost for many many years.
I am just about to sell my father's $320,000 house so I can pay for his nursing home care. He sadly did not have the foresight to acquire long-term disability insurance or put his assets into a trust so we'll be paying out of pocket until his money runs out and he goes on Medicaid, which will still only cover 60% of his care. $320,000 / $8000+ a month (not including rising costs) means he has 3.25 years of care cover…
Don't forget about the annual max gift tax limit (15k for 2020). Your father could reasonably gift you 15k a year (possibly another 15k to your spouse if you happen to be married) to reduce his savings a tiny bit quicker, so medicaid kicks in a bit sooner. At that point you could maybe even claim your parent as a dependent, and help him pay for his medical costs (which I think you can also deduct?).
I'm not sure on the particulars, and certainly don't take the above as any kind of financial advice -- I just started looking into this for an aging parent myself. Though, it might be worth talking to an accountant and see what is applicable for your location.
Re: Americans are retiring to Vietnam
#57Something many people (especially Americans) forget to consider when selecting a place to retire is the almost guaranteed need for lots and lots of high quality medical care wherever you end up. I suspect many people here on HN will retire with large enough retirement savings (and other assets) to settle down like kings in many places in the world. But the distribution of high quality care for ahem people of advancin…
Based on my medical care in the USA I can assure you Asian doctors are, at the very least , at the same level as US doctors. It sounds like an insult to my ears.
The doctors might be at the same level, but do they have the same access to resources?
Re: Americans are retiring to Vietnam
#58Something many people (especially Americans) forget to consider when selecting a place to retire is the almost guaranteed need for lots and lots of high quality medical care wherever you end up. I suspect many people here on HN will retire with large enough retirement savings (and other assets) to settle down like kings in many places in the world. But the distribution of high quality care for ahem people of advancin…
Based on my medical care in the USA I can assure you Asian doctors are, at the very least , at the same level as US doctors. It sounds like an insult to my ears.
I can tell you from experience that an average doctor in a backwater county of Arkansas is better than an average doctor in the capital city of Laos.
Re: Americans are retiring to Vietnam
#59"They bought the four-bedroom, 3½-bathroom unit, measuring about 1,840 square feet along with a separate veranda, for about $250,000 in 2011." I'm sure it's a very nice place, but that sum is nothing to sneeze at. I wonder how much it costs now, and what is monthly expense is. Good thing is, American government has sensible reciprocal arrangement with many countries that offer national pension system that you don't n…
>Good thing is, American government has sensible reciprocal arrangement with many countries that offer national pension system that you don't necessarily have to wait until you hit full retirement age to live abroad and collect social security checks from there. I did not know this. How does this work?
We have agreement with the following countries. (Vietnam isn't one of them)
https://www.ssa.gov/international/agreements_overview.html
In a nutshell, all national pension systems work pretty much the same way in that, the longer you put into it, the more you get out. There is also minimum that you have to put in. For the U.S., it's 40 points (or 10 years).
Let's say you work 9 years in the U.S. but then decide to pack your stuff up and move to one of the above listed countries. You will get credit for 9 years worth of work and not have to start over in your new country (and the other way around too)
I'm actually conflating two different topics... one is reciprocal arrangement in terms of pension point system.
Another is, just being able to collect pension from abroad, which is actually not a big deal at all.
https://www.investopedia.com/ask/answers/110614/how-can-i-re...
Re: Americans are retiring to Vietnam
#60Something many people (especially Americans) forget to consider when selecting a place to retire is the almost guaranteed need for lots and lots of high quality medical care wherever you end up. I suspect many people here on HN will retire with large enough retirement savings (and other assets) to settle down like kings in many places in the world. But the distribution of high quality care for ahem people of advancin…
Uh why do you think retirees choosing a place to retire are “forgetting to consider” healthcare costs? If anything that is the #1 thing most people think about.