Current NW: 750K equity(including 401k) + 450k AAPL stocks Spouse: 300k cash India RE: around 400K. Steady income of 60-70k INR in rent Plan is to continue working after going back ( in fact start ups, own consulting services etc) Spouse is on board with idea. Son is 12 years old and is willing. Current HHTC: 510K Yoe: 15
Nice. Congrats
Cool, almost everything is similar here, but I never left India.
That’s the reason to move back..
Is your rent in INR while everything else is in USD? Or, Are you making 60k USD in rental income?
Updated; I wish it was 60k USD 😔
Go back man. This country is becoming trash.
Age ?
37
If that 60k rental income is in USD, that alone should take care of your expenses. But please don't put your kid through literal hell that is JEE preparation in a few years. Send him back to US for college.
Yup. Not at all eyeing for engineering as career for him.
OP can you keep your 401k and equity in USA while settling in india? Or do you have to cash everything out?
From what I understand- you can move your 401k to IRA and also all investments to fidelity without triggering tax event.
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