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  • March 20, 2014 at 1:06 PM #772121
    FlyerInHi
    Guest

    Commute to where I’m needed.

    Yes, Vegas is the top destination for Hawaiians. They love the downtown casinos. People will sell in Hawaii and retire in Vegas. Hawaii is a tourist economy so lots of people in the service sector move to Vegas for the same salary and lower cost of living. Plus there is more opportunity for advancement in the large resorts in Vegas.

    If you like culture, history and authenticity, Vegas is not it. But is you like bling and good deals, and great quantity, then Vegas is the best place. If you’re retired in Vegas your have all the time in the world to enjoy. Food is incredibly cheap. During restaurant week you could get a prix fixe meal at Michelin 1 star restaurant for $50. $30 for meal at Gordon Ramsey’s. $12 buffet with crab. Much more in Hawaii and out of reach in London. The celebrity restaurants are just as good as anywhere else but much more accessible.

    If you gamble here and there with a rewards card you get comps and shows. Plenty of shows from around the world. Plenty of golf courses. By retiring in Vegas you could have a pseudo glamour life at middle class prices.

    One of my neighbors is a retired Capitol cop from Harrisburg, pa. He was smart to take his pension to Vegas. He can work part time in hotel security and enjoy the good life without dipping into savings.

    March 20, 2014 at 1:31 PM #772122
    FlyerInHi
    Guest

    [quote=Jazzman]The US is a legal entity, with a cultural focus on business and the resulting life style. Certain freedoms are a part of that package, helping to inspire a love of one’s country [/quote]

    This is so true. We love our country because everything is plentiful here.

    One of my friends in Vegas is pastry chef at a major hotel. He’s responsible for making 15,000 pieces of pastries per day. That’s an incredible amount. So he sources the best equipment, the best flour from Canada, etc.. to get perfect results everyday.

    If he owned a small bakery somewhere he’d make 200 pieces at most.

    This is the kind of technology and focus on business that creates wealth for everyone. The result is that so many more people get to enjoy fine pastries. Of course, the consumer is not sitting in a quaint village where the food is prepared by an artisan, but the industrial product itself is of finer quality than the artisanal product.

    May 30, 2014 at 2:29 PM #774581
    Jazzman
    Participant

    It is getting harder and harder to open and maintain foreign currency accounts abroad due to IRS filing requirements. Those few banks that were willing are now no longer wanting the hassle. One bank said they did not see why the local tax payer should be on the hook for US tax filing requirements, and will be closing my account. Just like that. Another, huge US bank, will not let me have access their best eurodollar savings rates in spite of being a long standing client. Yet, another US bank based abroad just turned me down, even though I have a US account with them. Fixed incomers are getting more and more screwed. Not only are you getting negative nothing, you’ve got to be denominated in USDs, AND have your accounts in the US. Although this affects few people, to those that is does, it is very irksome.

    May 30, 2014 at 7:13 PM #774595
    SK in CV
    Participant

    [quote=Jazzman]It is getting harder and harder to open and maintain foreign currency accounts abroad due to IRS filing requirements. Those few banks that were willing are now no longer wanting the hassle. One bank said they did not see why the local tax payer should be on the hook for US tax filing requirements, and will be closing my account. Just like that. Another, huge US bank, will not let me have access their best eurodollar savings rates in spite of being a long standing client. Yet, another US bank based abroad just turned me down, even though I have a US account with them. Fixed incomers are getting more and more screwed. Not only are you getting negative nothing, you’ve got to be denominated in USDs, AND have your accounts in the US. Although this affects few people, to those that is does, it is very irksome.[/quote]

    Try UBS. It’s possible you may have to go to Europe to open the account, but they don’t have any problem holding non-dollar investments for US citizens. No idea what their minimum account is, and their fees aren’t cheap. The have a crappy online interface, no trading or transacting online. All docs are delivered via email. And they do send 1099’s at the end of the year. But you can hold your assets in any denomination.

    May 30, 2014 at 10:34 PM #774605
    CA renter
    Participant

    Sorry to hear about this, Jazzman. 🙁

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