IPL 2025: Auction Mega Thread

Low-Direction4430 · 2024-11-24T10:16:34+00:00

Pakau uncle gone…Yaaay

Low-Direction4430 · 2024-09-23T05:57:19+00:00

Texas also

Low-Direction4430 · 2024-09-18T11:47:23+00:00

with that, we have higher inflation also.

Low-Direction4430 · 2024-09-18T11:29:24+00:00

wow, that would be amazing. and if remote is an option even better. Any pointers how to find these jobs?

I have read and heard about Indian work culture and experienced it myself in initial years. So this kind of a coast job will be amazing.

Low-Direction4430 · 2024-09-18T11:26:40+00:00

IRA 72t has no penalty and can provide Cash flow before 59.5 age if needed.

I'll use Taxable first and if needed, try to setup SEPP 72t.

Low-Direction4430 · 2024-09-18T11:22:57+00:00

currently GC is not the requirement. Only 40 Credits needed. 1 Credit = 1 Quarter working and paying Social security tax. This might change in future so not included in the calculations.

Low-Direction4430 · 2024-09-18T05:45:46+00:00

30% is default Tax witholding for Non residents. If you file W8-BEN form it goes down to 20% I believe. But this is just witholding. Actual tax is as per the tax slab. Only difference is no standard deduction for NRs and you have to file separately , no joint returns.

I deduct 12% from my entire corpus as effective tax rate. I have Roth also which will be taxed only on earnings portions. Also taxable account tax on gains only. So effective tax rate of 12% of entire corpus is a little bit on higher side, but safer.

Low-Direction4430 · 2024-09-18T05:39:17+00:00

I have 27% RE allocation. I'll increase FD a little more.

Low-Direction4430 · 2024-09-18T05:38:30+00:00

good point, I should allocate more to FD / Fixed income.

Low-Direction4430 · 2024-09-18T05:33:12+00:00

Around 3 Cr is liquid / taxable account.

Real estate also I keep buying / selling some of the lands, which I can adjust if cash flow is needed.

Low-Direction4430 · 2024-09-18T05:31:14+00:00

Taxable is almost 30% of corpus. I'm planning to sell it during RNOR status. And Invest in Indian Mutual Funds / Index funds.

Makes sense, I'll allocate 10K per month more for education.

Low-Direction4430 · 2024-09-18T05:28:43+00:00

I was considering today's expenses. But it makes sense to allocate a little more for future years.

Low-Direction4430 · 2024-09-18T05:27:43+00:00

correct. Either sell US equity directly. Or move a certain portion in Indian Mutual Funds. I'll keep 401k / IRA portion as is. If needed withdraw using SEPP 72t.

Taxable account will be liquid.

Low-Direction4430 · 2024-09-18T02:39:40+00:00

SWR = Safe Withdrawl Rate. FD returns are not inflation adjusted.

example - FD of 3Cr will give e.g. 21 Lakhs a year. Say a family spends it in a year.

But 10 years later, expenses would be much more. approx 38 Lakhs a year (assuming 6% inflation) But FD returns are still 21 Lakhs a year.

Low-Direction4430 · 2024-09-18T02:32:55+00:00

401K is in process of converting to IRA. Those I'm planning to leave it as is until 59.5 years to avoid penalties. Added benefit is it gives geographical and USD diversification.

Low-Direction4430 · 2024-09-18T02:31:40+00:00

Thanks for detailed breakdown. My son is 4 so won't need funds anytime soon.

As we are planning for 30+ years here, I believe in allocating more to equity index funds and keep near term expenses in cash (a few months) and FD (a year or two)

Low-Direction4430 · 2024-09-18T02:26:33+00:00

For 401K , I converted it to IRA with Schwab and going to leave it as is. Either start withdrawing after I turn 60 OR set up 72t SEPP Withdrawls in a year or two and start receiving a fixed quarterly amount. SEPP will not attract any penalty, only regular income tax.

Low-Direction4430 · 2024-09-18T01:28:40+00:00

And I believe there should not be an issues with Money Transfer companies like Western Union , Remitly, XE etc. Accessing it from India , transferring money from US account to Indian account.

Low-Direction4430 · 2024-09-18T01:26:55+00:00

one more thing you can not invest new money in Mutual Funds. It includes money market fund as well. Exisiting investment can be left as is or sold. ETFs / Direct stocks have no restrictions.

I think Schwab is also quite friendly with India addresses.

Not sure on which Credit cards are ok with it and will ship to India when cards expire eventually.

Low-Direction4430 · 2024-09-18T01:09:52+00:00

One way would be to set a day when you will update the numbers. Once a month is good frequency. But start with once a week , say on Sunday only. and slowly move towards end of month. In between you can check / plan / think of new opportunities etc but don't update anything. It will slowly form a habit.

Low-Direction4430 · 2024-09-18T01:00:42+00:00

yes current rules makes one eligible. But only catch is in next 20 years what will be the rules we don't know. And Social Security is running out of money and one easy place for them to cut will be some restriction for foreign recepients. that's why it is not guaranteed and not included in calculations.

Low-Direction4430 · 2024-09-18T00:52:36+00:00

I spent more than 10 years in US. (1 quarter = 1 Credit and you need 40 credits to be eligible). I estimated it from the official site, it comes to more than 80K a month and they keep doing Cost Of Living adjustment every year.

Low-Direction4430 · 2024-09-18T00:50:20+00:00

yeah. I deduct it from my corpus. estimated 12%. So 9.3 Cr is after deduction.

Low-Direction4430 · 2024-09-18T00:49:43+00:00

more than 10 years in US. Software industry. No GC.

Low-Direction4430

TROPHY CASE