Yay!!! Moving back to India for Good in Apr '22

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India4Good

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India4Good
Oct 15, 2021 113 Comments

My wifey and I decided to move back to India for good. Currently SDE2 at amazon and will be at 2 yr anniversary around Apr '22. Major reasons for us to move back:
1. Never felt in place here even in Bay Area. Seems a mechanical life.
2. Closer to parents and roots. Kids will be in middle school and would want them to experience indian culture and our roots before they are on their own.
3. Never safe here on H1-B. Can't take a break. Can't do a side hustle that would generate extra income. 2016 PD, dunno when it would be current :)

The plan is to internally switch at Amazon and keep the unvested stocks. I would like to know if anyone on Blind have moved recently and would love to know tips / suggestions for the same.

I though have few questions:
1. I currently have around 200K in cash and around 150K in 401K + stocks. Is it okay to leave the funds here in US bank account and transfer them when needed? If not how do we transfer them to India? I don't own a house, so no equity that I have here.
2. What about 401K? Is it advisable to let it grow here before we can take out the money tax-free? Can I use it to buy a house in India?
3. Do we cancel all the credit cards or just leave them as is and decrease the credit limit?
4. Any ideas on buying new stuff (electronics, furniture etc) from here and ship them to India.
5. Any checklist that anyone can share that they used to ensure everything's covered.

Blind tax:
YOE: 15
TC: 320K

#move2India #India #amazonindia #backtoroots

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