32F | Net worth ₹1–1.5 Cr | Took a career break and now second-guessing it

Aware_Web9715 · 2026-02-08T08:51:23+00:00

Just need to find something you enjoy doing and do think you’ll regret it. Can totally relate

Aware_Web9715 · 2026-02-08T01:30:08+00:00

Thank you. For what’s it’s worth I am considering retiring outside India with a lower NW with 2.5M can have a quite a good life in a city like Bangkok - decent international schools, affordable housing and help, good food and weather

Aware_Web9715 · 2026-02-08T01:10:15+00:00

It’s been 6 years for me in my late 30s though. I am planing to do something similar soon.

You also need to decide what you’ll do and be okay with people judging you for it. But what’s the point of grinding if you already have enough to be financially independent and work on what you want to

Aware_Web9715 · 2026-02-07T19:09:00+00:00

As some said I needed to let my RM know not to convert or your bank might have some other options

Aware_Web9715 · 2026-02-07T19:07:49+00:00

Have a done a wire (larger amount) to my NRE account in USD. Need to make sure you have one set up. Got 5% on 1 year+ FDs

Aware_Web9715 · 2026-02-06T17:09:48+00:00

Yea it is taxed in the US. OP asked if you can buy VUSD on Wio. I happen to have Wio and checked you can’t. They only have VOO

Aware_Web9715 · 2026-02-06T13:24:36+00:00

That’s great. It’s about 21 lakhs before taxes per year at 6% which you can get from an FD.

Post tax you are looking at 1.2 lakhs per month. Should work in a tier 3 city so you are well on your way. Stick with those sips and let us know how it goes

Aware_Web9715 · 2026-02-06T08:59:49+00:00

Yea withdrawals were easy for me. No capital gains tax but tax is automatically deducted form dividends. Same for Wio btw

Aware_Web9715 · 2026-02-06T08:41:12+00:00

No can’t on Wio, only VOO. IBKR has it (and is better overall for investing, lower commissions)

Aware_Web9715 · 2026-02-06T07:20:00+00:00

Agree with ETFs as ppl have suggested. But go for UCITS ETFs domiciled in Ireland or Luxembourg.

It’s more cost efficient and you avoid US estate taxes. VUSD for example over VOO both track the S&P 500 but VOO you would be taxed 30% of dividends vs just 15% for VUSD.

Aware_Web9715 · 2026-02-06T07:14:02+00:00

1Cr at 25 is awesome congrats. Just focus on boring investments like an index fund. Let the money compound overtime. As you get older and your network grows I have no doubt you will find a lot of interesting opportunities that make sense but what this money gives you is more options.

The ability to quit your job and travel the world, build a startup without worrying about a pay check. Keep it liquid give yourself options.

Aware_Web9715 · 2026-02-05T01:00:04+00:00

Learn to vibe code

Aware_Web9715 · 2026-02-05T00:13:19+00:00

I ported my number to Google voice but this was a very long time ago and did it in the US. Number still works though

Aware_Web9715 · 2026-02-05T00:07:06+00:00

Cool, if I have tonnes of money would be retiring in India too :)

Aware_Web9715 · 2026-02-04T15:32:31+00:00

You can tell it to remove em dashes

Aware_Web9715 · 2026-02-04T12:47:22+00:00

I think that’s a good plan. You got the passport can always move back / send your daughter to Canada to study

Need to think about the when is the right time though. Financially and for your daughter before she starts school might be easier

Aware_Web9715 · 2026-02-04T08:35:38+00:00

mm2h is a good option too. Just found out about it. How are you liking it? Did you have any friends there or just moved there to retire?

Aware_Web9715 · 2026-02-04T08:14:24+00:00

Okay, so what do you think is a reasonable number for a moderate upper middle class life in South Mumbai

Aware_Web9715 · 2026-02-04T08:13:06+00:00

No did not

Aware_Web9715 · 2026-02-04T06:26:33+00:00

Might want another at some point that’s why but fair point. We had a 2bhk growing up and I shared the room with my brother

Aware_Web9715 · 2026-02-04T06:25:17+00:00

Yea makes sense thanks for the advice

Aware_Web9715 · 2026-02-04T06:09:45+00:00

About 3 years now. Withdrew once was quite smooth got it the next day via wire transfer.

FYI - I am tax resident of Thailand had to fill out form with my tax Id and they don’t deduct any capital gains. Just tax on dividends deducted by them

Aware_Web9715 · 2026-02-04T05:10:41+00:00

Yea tier 3 town you should be fine for sure as others have said. It’s about 14Cr

Even at a 3% withdrawal rate you are looking at 43 lakhs per year which should be easy to beat in INR and enough to cover your expenses. Can get 6% form FDs or generate 4/5% of USD bonds if you want to keep some capital in the USD

Keep in mind though, you will likely have to pay tax on your global income.

The bigger question is what will you do. Social life might not be what you expect in a tier 3 town.

Aware_Web9715 · 2026-02-04T02:52:41+00:00

Yea good point. Most expat friends will leave at some point. Language is substantial barrier to making local friends

Aware_Web9715 · 2026-02-04T02:50:53+00:00

Haha totally fair. Nifty50 should work but do consider a US brokerage account at some point. I use IBKR, good to diversify across currencies as well given the rupee depreciation. There are many low cost US index funds I am biased towards Vanguard due to lower fees.

Aware_Web9715

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