Quote:
Originally Posted by Unregistered
I'm an ex banker, used to earn a lot. Had to stop working due to health reasons. Owns 3 fully paid condos. Income dropped to only $60k pa (only rental income). Cut spending to $40k pa. Not much luxuries except the nice condo living, had to sell away the sports car. Net worth only $3m. Need to nurse myself back to health. All these years I have been paying tons of income taxes, just wondering what kind of unemployment benefits I can get since now I can't work. Any advice?
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Well, you can declare ZERO income, and you get to enjoy benefits like subsidized healthcare (C ward and polyclinic), and you get welfare benefits from the government as well. You just have to approach the CDCs for help.
But please do not tell them you have a net worth of $3M, because you will probably be laughed out of the place, as you probably are worth more than even the social workers themselves.
Or... you can take your money, and go retire in Thailand. I heard it's quite a relaxed lifestyle, and you can even throw in a Thai gf (or gfs) while you are at it.