I am on H1B, moving back to India. Have stocks through RSUs, some stuff in Robinhood and EFTs through Fidelity, plus 401K. Can I continue to keep these investments once I move back? What are the potential implications and hurdles in accesssing the money once I am no longer in tbe US and on H1B status?
Call and Inform your brokerage about your move to India, they will guide you through entire process how you can access.
Ty
Sell everything and invest in a land in Bangalore.. you will double it before coming back.
It's very convenient to move money to India. Moving money from India to US needs to follow some paperwork.
Folllwing as doing the same
Good luck for your move, OP. Does anyone know if portfolio can be rebalanced from India as a non resident of US? For example, sell RSUs and buy index funds.
What is your yoe and total networth?
Kitna maal daba ke rakha hai ?
Is there a way to transfer RSUs to Indian brokerages without incurring a big tax bill here? I'm on the same boat and want to know how to best handle RSUs and 401K.
RSU will be tax exempted in India as well as in US if you sell after a year in RNOR status as it’s capital gain?
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Consolidate everything into Fidelity- Robinhood doesn't allow you to operate outside US. Fidelity allows you to.operate it normally with some restrictions- you can't buy and sell mutual funds, you can sell your stocks (but don't think buy new). If it's a retirement account- you can operate it normally like buy and sell
Interesting, what happens to existing funds, can I sell later without hassle?
Specific funds- check with Fidelity directly! I am not there yet- I have started to consolidate everything into Fidelity to begin the process to leave US