An Expat Talks about Retiring in Tojong Tokong, Penang Island, Malaysia

What is the name of the city or town that you are reporting on?

Tojong Tokong, Penang Island

Why did you choose to retire abroad?

Adventure

Are you retired abroad all year or part of the year?

Full Time

Why did you choose the country you retired to?

We are currently trying to find where to retire. In the last six years my wife and I have lived in Maui, Mauritius, Mexico (Yucatan), Malaysia, Singapore, Australia, New Zealand and a year on various cruise ships. We are moving to Vietnam in April 2017, currently live in Puerto Aventuras, Mexico.

Did you ever live abroad before you retired abroad?

No

How long have you lived abroad since you retired abroad?

6+ years

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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How many countries (other than your home country) have you lived in as a retiree?

6

What have been the most challenging aspects of being retired abroad?

I dislike the double standard in pricing and that is common throughout Southeast Asia, Central America, Africa and Europe.

What have been the most rewarding aspects of being retired abroad?

Sights, sounds and the people. I enjoy the cultures of other people and their friendships. I also find expats a much more interesting group of people then back home. Expats as a whole have much more vitality for life.

What would you do differently if you were just starting the retire abroad process?

Nothing, you learn by doing. I wish I could redo the 6+ years again only to try something else.

What is life like for a retiree in your city and its surroundings? (Is there an active expat community? Cultural Attractions? Recreation? Nightlife?)

Penang Island is great place with lots to do. One of the British most important colony 150 years ago. Third in importance to Hong Kong & Singapore, so lot's of culture from the west and the melting pot of SE.. Some of the best food in the world. I'm not into nightlife but plenty of places if you are. The only real negative was the beaches they are not on the same level as most of SE.

What residency documents or visas did you need to obtain to retire in your host country? How difficult was this process? (Please describe)

Have not retired.

Did you buy a home or apartment, or rent one? Is this a difficult process? (Please describe)

Renting in every country has been easy by doing your homework before arriving.

Financially, has living abroad in your host country met your expectations? Exceeded them?

Exceeded. We can do almost anything financially because our money goes so much further. A high end Japanese restaurant in Los Angeles with sushi will run around $150 in Los Angeles in Tojong Tokong, Straights Quay, Marina which is high end costs less then $30.00 for two people.

What are the most important financial considerations for retiring to your host country?

None

How much can a retiree live on comfortably in your host country?

In Penang you can easily live for under $800. Our budget was over that but 1/5 the cost of living in Newport Beach, Ca or Maui and a better lifestyle.

Do you have access to quality medical care? (Please describe - is it close? Expensive?)

Yes, stem cell therapy (my own blood).

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.

Is there a lot of crime where you live? (Please describe)

We have never experienced a problem. Then again we take precaution seriously.

Describe available transportation where you live. Do you need a car? Is there access to safe public transportation?

Taxi and bus without the hassle of learning how to drive on the British side of the road, British Imperialism, "God save the Queen".

Is there high-speed internet access where you live?

Yes, I would rate it as good but not superior.

Do you have any other thoughts you would like to share about retiring abroad?

Go for it!!!!! This is not a dress rehearsal you only get one life unless your a Buddhist.