Edit: I am also Californian Hokwongwei, and I am barely able to save $200. But yes, there is no chance of a retirement plan in Taiwan as an expat. Still, I find this okay, because I plan to be here no more than 3 years, and I am fairly frugal. What I do spend money on is travel, which is part of the reason I am taking the job. I am opting for the experience and stalling my retirement plan 2-3 years.[/quote]
That’s just patently false. Many expats earn a lot more than NT$70,000 pm in Taiwan, and that makes saving for retirement a lot easier in Taiwan than in the high-cost-of-living US of A. As someone in my late thirties saving US$1,500 (NT$45,000) pm for retirement in Taiwan, I’m quite happy. It sure beats saving US$200, which I guess I’d be saving if I still lived in the US. BTW, I’m also supporting a family. So yes, there is every chance of a retirement plan in Taiwan as an expat.
It would be interesting to know how old Sharpie and the OP are since one’s perspective and responsibilities change as you age. If I had to work for NT$70,000 now, in my current situation, I’d be depressed as hell. But if I were younger and without attachments and responsibilities to others, it would have been okay.