How to maximize savings if planning to move to India in 5-7 years
I am currently working at Cisco, San Jose with a base of 125k (and 50K RSUs which I got just now) - Grade 8 currently. I have an MS degree in CS and about 5.5 years of experience right now (2 years in India before MS and 3.5 years here at Cisco). My wife is also at a similar job with the same pay.
We have a plan to move to India in 5-7 years. Keeping that in mind, how do we maximize our savings here in the US? Would you guys suggest that we move out of Bay Area to some other low cost places like Austin, Raleigh etc.? Also, would buying a home (in Austin/Raleigh) and selling it off in 5-7 years give us a profit (or at least no-loss)?
Sorry for the long post, we are really confused as to what the next step should be. Any help/input is greatly appreciated.
Thanks in advance!