I wish to be financially independent and been working on it. Please review and comment - living/working in bay area from 2006. - Married for 8 years. No kids. But we might adopt after we move back to India ( target 2022) - Living in Bay area. Bought brand new house for 900k. Probably worth 1.3 now. Not selling it. I am planning to hold it - Mortgage - 245k left. Monthly 1000 per month. Plan to rent home after i move out. It should take care of taxes, expenses etc. i dont want to sell, believer in bay area further room - savings - 100k cash (emergency fund in Marcus FD) - Stocks - 700k All vanguard index funds+ Google. Been accumulating for last 5 years every month. At 50% above cost basis. Went big in march (lucky me) Approx i might get 20k per year dividend as of now - 401k - 350k. Started late ( stupidity). Mostly in bonds and dividend ETFs - Health Equity - 80k (invested in 60:40 in market) My current TC is 325k.G11 at Cisco. Work is nice. So dont plan to change unless forced My plan to FI(RE) is by 2022. I plan to be having 1M in total liquid savings apart from 401k, house equity I plan to move to India back to hyd or BLR and live with my parents. Rent a home when needed Probably teach or online coach part time Open for part time consulting But travel for 6 month an year (Probably stay in 2 months in a place) I do think i checked all boxes. Please review point out any holes in planning, gaps in savings plan.
You have 1.5M in illiquid savings alone! In hyd, even 2K per month you can spend and you'll still save from the rent you'll be getting from your sf house, and plus the giant returns on your savings >8%. You can live comfortably for the rest of your life and save a fortune for your kid if any! Don't need to wait anymore now imo
Agree. Since market zoomed too high. Want to add some safety margin
Do you have Real estate in india in those cities blr or hyd ?
Congratulations, you've made it! You should be proud of yourself. Up to you when you pull the trigger.
Thank you π
My advise will be to liquidate the house before moving. Hassle to manage RE from another country will be too much and wonβt guarantee success over a 3 fund portfolio.
Another advantage of selling will be no capital gains tax now.
Good home warranty + good property manager would take care of it. I dont want to sell, because appreciation would beat inflation
@op are you on H1B or you have GC?
Just became a citizen
What are your projected monthly expenses in india ?
Good for you OP! Congrats on sticking to a goal and achieving it. Start thinking about what next. Just don't get depressed. Do a deeper analysis of the places you want to travel and likely a second career
Yes i will keep learning newer things and keep working. But FI is my primary goal
Congratulations! You have worked hard to get here and now you can still really enjoy life when retiring in your early 40s. This is a blessing. π What will you do with your free time beyond work? Start thinking about the next few years and make goals for yourself and your wife so that you have something to aim for! Great work
Thank you. I plan to keep working and learn new things. Will spend more time on teaching and coaching
Congratulations ππ you can become a financial advisor too
Thanks π i am very risk averse. So not sure if i am fit to be an advisor
How old are you OP
41