Planning to leave US. People who have moved back to India from US, what's the most efficient way to transfer money to Indian banks on a large scale? Also, what did you do to your stock portfolio? Can you continue to access Fidelity/Robinhood from India?
Did exactly this 2 yrs ago. Leave your US accounts where they are, and only bring when needed. USD/INR is only going one direction. Just look over the last 50 years. You can transfer via zoom, xe or others whenever you need it. I've found Xe to give the best rates. As for stocks, I've left them in the US. Won't move unless I need the cash.
Curious, how do you handle taxes?
I file in both Geos. There are tax treaties that prevent double taxation.
+1
does fidelity issue tax form for nonresidents? they may close your accout, which is a f headache
If you have an SSN, they have to issue a tax statement.
Can send via UPI from wef 30 April
Really? What's the transaction fee for international transfer?
Crypto
What about 401K?
Do not touch it till retirement. If you take it out now, you will have to pay an early withdrawal penalty. This one is a no brainer to me.
OP you may find this useful https://cubicledog.substack.com/p/ive-started-my-fire-journey-in-india
Not sure about money but for brokerage accounts, I highly recommend you get a prepaid sim card and link that phone number to those accounts. For address, I’d use a friend/relative. You can continue to use accounts/cards as long as you have US address and number.