Retired UK citizens

Old Apr 26th 2013, 1:55 am
  #61  
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Default Re: Retired UK citizens

Originally Posted by md95065
I believe that Lansbury is well aware of this as you will see if you read his recent posts regarding the trials and tribulations that he experienced when applying for Medicare ...
Well that was not obvious from this post and I do not read each post of every member on this forum.
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Old Apr 26th 2013, 6:11 am
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Default Re: Retired UK citizens

Originally Posted by John_K.
Well that was not obvious from this post and I do not read each post of every member on this forum.
... which was precisely why I took the trouble to point it out to you ...
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Old Apr 26th 2013, 4:24 pm
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Default Re: Retired UK citizens

Originally Posted by John_K.
As KCK_DR indicates you should now be able to get Medicare. You will have to pay the Part A premium (which is the part that most people get free) as well as the Part B premium and any additional supplement or advantage plan. Part A premium is about $450 per month, Part B is around $120 depending upon income, and the Supplement or Advantage plan can run anywhere from $0 to over $200 depending upon the plan, age, and state of residence.
I don't pay for Part A I get it free. There are other ways of qualifying to do so, without having to make payments yourself. You can qualify from your spouses payments. Part B is $104.9 a month in 2013, unless you earn over $170,000 a year, which I doubt many on BE do.
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Old Apr 26th 2013, 6:20 pm
  #64  
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Default Re: Retired UK citizens

Originally Posted by John_K.
I do not read each post of every member on this forum.
Perhaps you should. Learning how other people deal with different aspects of US immigration might give you greater insight into your own situation.

Ian
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Old Apr 27th 2013, 11:08 am
  #65  
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Default Re: Retired UK citizens

Originally Posted by David_Ascher
OK, I think that the subject matter of this thread has probably been exhausted now. It seems as though our options lie in a possible new S.744/Y Visa Bill at some stage in the future or maybe we should re-think our options and try to obtain a B-2 Visa to extend our stay to 6 months per calendar year. In the latter instance, do we buy a property or rent for 6 months? Hmmm, something else to ponder.

Anyway folks, thanks a bunch for all your helpful answers. I wish we could live amongst you all but it does seems that the US government are making it extremely hard for people of means and good intentions to do so. Again, thanks & goodbye for now, David
IMO the B2 would be the cheapest option by far, I would buy a home so you can leave clothes etc there and travel light. then either rent it out the other 6/12 or let it lie.

you can buy a very nice pool home suitable for vacation rental in a good area (florida) for $2-250k easily. if you rent it for most of the 6 months that would cover your 'running costs'. wintering here Nov- April would be a very good plan...you would avoid the blistering heat
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Old Apr 27th 2013, 3:12 pm
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Default Re: Retired UK citizens

Originally Posted by Flabound oneday
.... You can buy a very nice pool home suitable for vacation rental in a good area (florida) for $2-250k easily. if you rent it for most of the 6 months that would cover your 'running costs'. wintering here Nov- April would be a very good plan...you would avoid the blistering heat
There are significant costs and risks to this plan. Some counties in FL prohibit short term rentals, and many think that short term rentals are a sure-fire way to cover their costs. They're not, have significant costs and risks, not least, the risk that you won't find tenants, and the cost of landscape maintenance. Also who is going to board up your house when a hurricane is threatened?
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Old Apr 27th 2013, 3:20 pm
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Default Re: Retired UK citizens

When you read through this thread it makes you wonder how the average American survives. ??
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Old Apr 27th 2013, 3:29 pm
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Default Re: Retired UK citizens

Originally Posted by Pulaski
There are significant costs and risks to this plan. Some counties in FL prohibit short term rentals, and many think that short term rentals are a sure-fire way to cover their costs. They're not, have significant costs and risks, not least, the risk that you won't find tenants, and the cost of landscape maintenance. Also who is going to board up your house when a hurricane is threatened?
Reminds me of a friend who bought a condo in Breck, on a similar thought, worst financial mistake he ever made.
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Old Apr 27th 2013, 3:47 pm
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Default Re: Retired UK citizens

Originally Posted by Nokoman
When you read through this thread it makes you wonder how the average American survives. ??
Simply put, many don't!

Payday loans
Title loans
huge balances on credit cards paying minimum off each month
bankruptcy due to medical bills
Parents going without dinner so their kids can eat
Working extra jobs...

These are some of the everyday challenges for many Americans.
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Old Apr 27th 2013, 4:07 pm
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Default Re: Retired UK citizens

Originally Posted by sir_eccles
Simply put, many don't!

Payday loans
Title loans
huge balances on credit cards paying minimum off each month
bankruptcy due to medical bills
Parents going without dinner so their kids can eat
Working extra jobs...

These are some of the everyday challenges for many Americans.
http://www.guardian.co.uk/money/2013...payday-lenders

Interesting article on Pay Day Loans.
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Old Apr 27th 2013, 4:13 pm
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Default Re: Retired UK citizens

Originally Posted by sir_eccles
Simply put, many don't!

Payday loans
Title loans
huge balances on credit cards paying minimum off each month
bankruptcy due to medical bills
Parents going without dinner so their kids can eat
Working extra jobs...

These are some of the everyday challenges for many Americans.
Sir...I hear what you say. It's just when you look at the thread in general it seems hard to believe. The examples you list above all make perfect sense . Yet the OP was essentially coming to the States with $1,000,000 ++ in his hip pocket and debt free and he can't make it either!!
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Old Apr 27th 2013, 4:42 pm
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Default Re: Retired UK citizens

Originally Posted by Nokoman
Sir...I hear what you say. It's just when you look at the thread in general it seems hard to believe. The examples you list above all make perfect sense . Yet the OP was essentially coming to the States with $1,000,000 ++ in his hip pocket and debt free and he can't make it either!!
He could afford to exist on much less, but not a comfortable worry-free retired lifestyle.
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Old Apr 27th 2013, 5:28 pm
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Default Re: Retired UK citizens

Originally Posted by Pulaski
He could afford to exist on much less, but not a comfortable worry-free retired lifestyle.
I am coming to the opinion that that would be be more a state of mind.

Just thought of someone I know. He has been retired some time, and I doubt if finances will ever be an issue.

He had friends in Vail/Aspen who were cutting back due to the economy...

He said that they would never live long enough to out live their resources. Gives the something to talk about?
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Old Apr 27th 2013, 5:30 pm
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Default Re: Retired UK citizens

Originally Posted by Nokoman
Sir...I hear what you say. It's just when you look at the thread in general it seems hard to believe. The examples you list above all make perfect sense . Yet the OP was essentially coming to the States with $1,000,000 ++ in his hip pocket and debt free and he can't make it either!!
That won't go very far....property to buy and maintain...especially if there's health care issues as the years go by. Then there's a car to buy and maintain etc.
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Old Apr 27th 2013, 5:45 pm
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Default Re: Retired UK citizens

Originally Posted by Jerseygirl


That won't go very far....property to buy and maintain...especially if there's health care issues as the years go by. Then there's a car to buy and maintain etc.
I understand.

One think that is not being addressed ( and I'm not going into miniscule details ) is the guy with the money could buy his $200,000 home and come for 6/12.

It has correctly been suggested that he has all types of expenditure. Medical, property taxes,maintenance etc. But he also has $800,000 that should be making him a fine return if invested properly!

Lets up it a little and give rough numbers. He has $1.2 million. $0.2 buys the house. $1 m to invest at 10% , and he's got $100,000 per anum to live on.

Remember these are simplistic numbers
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