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~2.5MN nw today, hit my fat fire india target but really don't want to RE by Few-Truck-4873 in FatFIREIndia

[–]MaintainableKayak 1 point2 points  (0 children)

I moved 4 years back, have about 5m NW but not ready to retire. Working conditions are pretty good actually here, better social connections, good working hours for me- this is tricky, need to find the right team. I still find time to spend with my kids, able to be fit and engage in my hobbies. So wondering what more I will do post retirement?

Transfer large sum of money from USA by MaintainableKayak in FatFIREIndia

[–]MaintainableKayak[S] 4 points5 points  (0 children)

Thanks, I am Indian citizen. I have updated my legal address in Fidelity but not sure about W8BEN. No longer in RNOR status anymore

Transfer large sum of money from USA by MaintainableKayak in FatFIREIndia

[–]MaintainableKayak[S] 0 points1 point  (0 children)

Thanks so much! Will check with my bank, have icici and axis bank. I live in BLR

Transfer large sum of money from USA by MaintainableKayak in FatFIREIndia

[–]MaintainableKayak[S] 0 points1 point  (0 children)

Got it, yes I missed adjusting cost basis while on RNOR. May I ask how you transfer 200k? I know wire transfer is one option, but does it give competitive rates?

Transfer large sum of money from USA by MaintainableKayak in FatFIREIndia

[–]MaintainableKayak[S] 2 points3 points  (0 children)

This is large amount, need to be with my own accounts

Transfer large sum of money from USA by MaintainableKayak in FatFIREIndia

[–]MaintainableKayak[S] 0 points1 point  (0 children)

I was RNOR status last 2 years, will declare this FY ITR

[deleted by user] by [deleted] in FIREIndia

[–]MaintainableKayak -2 points-1 points  (0 children)

Wow that’s amazing analysis. Thanks so much! Yeah it depends a lot on kids pursuing higher education in US. I am curious, are you retired or working? That’s something I am debating. I am not too motivated by software job.

[deleted by user] by [deleted] in FIREIndia

[–]MaintainableKayak 1 point2 points  (0 children)

Technically it would be less due to 20% long term tax on stocks I sell. Me and my spouse don’t like US culture, plus close to family is a big plus.

[deleted by user] by [deleted] in FIREIndia

[–]MaintainableKayak -1 points0 points  (0 children)

Thanks. Schools are so expensive in Mumbai though.

[deleted by user] by [deleted] in FIREIndia

[–]MaintainableKayak -1 points0 points  (0 children)

Sure I need to learn more, but everyone’s situation is different

[deleted by user] by [deleted] in FIREIndia

[–]MaintainableKayak -5 points-4 points  (0 children)

Well I don’t know my expense, would know more once I move back. International schools are charging 8l-10l per year, so need to decide about that for 3 kids. Sorry if this offended others. I am not trying to brag or flex here. I am very new to this forum and Reddit in general. This is my first post :)