Advice : Checklist for moving back (for good) to India

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Jun 2, 2018 11 Comments

We took a decision to move back to India for good, and planning to settle in Pune. I am looking for some advise on following

1. Bank and brokerage accounts : Can one manage bank and broker accounts remotely from India or it’s better to transfer all funds spread across few years to indian account (NRE) ? Should we close all bank accounts here ? (As one need to maintain monthly balance )Most of my comp is in RSUs and i haven’t sold any stock yet and there is a good chance that I might sell it when I move back to India

2. 401 k : Should one pay 10% penalty and take out all funds in 401k or keep it there for a while

3. Mail forwarding : I am expecting W-2 etc. and I don’t have anyone in US where I can forward those mails ? Is it possible to forward imp mails to India ? What other options are there ?

4. Tax : How one can file tax from India ?

5. Credit cards : should one close all credit cards ? As they will be somehow tied to bank accounts for funding, if I choose to close bank accounts then I am not sure how I can pay the credit cards

6. Healthcare Flexible Spending/HSA etc : if we have some funds in account can we use that in India for medical purpose ?

It would be great if I get some advise on following as well

7. Company/Role : I have two kids now and it’s clear that I will not able to spend enough time with my family , not sustainable . So I am looking for middle management role in Pune area not as intense as amazon, any recommendation ?

8. Schools : any recommendations on good schools in Pune ?

9. neighborhood : I lived in kothrud and would love to live there or nearby such as karve nagar , but I don’t think there is any new constructions or project in area ? Any new projects have you seen ? How’s baner and aundh , read in news later that they have water issues or infrastructure issues

Thanks in advance

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