Comments on There are Challenges to Moving Abroad during RetirementTypePad2008-02-18T13:45:00ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2008/02/there-are-chall/comments/atom.xml/Minimum Wage commented on 'There are Challenges to Moving Abroad during Retirement'tag:typepad.com,2003:6a00d83451bcbd69e200e5506bd66f88342008-02-19T02:50:13Z2008-08-30T21:04:48ZMinimum WageIn short, Malaysia allows you to live there by depositing $50k (if over 50 years old) or $100k (if under...<p>In short, Malaysia allows you to live there by depositing $50k (if over 50 years old) or $100k (if under 50). You can lower that to $20k, regardless of age, after a year. No taxes to be paid.</p>
<p>Gee, that's very generous of them. (sarc)</p>Douglas commented on 'There are Challenges to Moving Abroad during Retirement'tag:typepad.com,2003:6a00d83451bcbd69e200e55057943588332008-02-18T17:09:38Z2008-08-29T17:08:46ZDouglasFathersez, Thanks a lot for the link. In short, Malaysia allows you to live there by depositing $50k (if over...<p>Fathersez, Thanks a lot for the link. </p>
<p>In short, Malaysia allows you to live there by depositing $50k (if over 50 years old) or $100k (if under 50). You can lower that to $20k, regardless of age, after a year. No taxes to be paid.</p>
<p>I know Costa Rica and Panama have very similar programs. Only thing I haven't seen is medical insurance/expenses issues.</p>
<p>Does anybody knows of programs like these in other countries?</p>fathersez commented on 'There are Challenges to Moving Abroad during Retirement'tag:typepad.com,2003:6a00d83451bcbd69e200e5506ab15f88342008-02-18T14:05:32Z2008-08-27T12:24:11Zfathersezhttp://fathersez.wordpress.comThere is money to be made in this business. Malaysia has a reasonably well organised "Malaysia my second home" project...<p>There is money to be made in this business. Malaysia has a reasonably well organised "Malaysia my second home" project that helps people seeking a cheaper place of retirement.</p>
<p>Of course, for some would say this is a great idea, while others may have had not so good experiences.</p>
<p>The MInistry of Tourism handles this. Those interested may check out this web page. </p>
<p><a href="http://www.mm2h.gov.my/" rel="nofollow">http://www.mm2h.gov.my/</a></p>Minimum Wage commented on 'There are Challenges to Moving Abroad during Retirement'tag:typepad.com,2003:6a00d83451bcbd69e200e5506aae5088342008-02-18T13:58:43Z2008-08-29T00:39:29ZMinimum WageWhy should Americans who DON'T have money get charged more just because the locals EXPECT them to have money? What...<p>Why should Americans who DON'T have money get charged more just because the locals EXPECT them to have money?</p>
<p>What kind of screwy business model is that?</p>