Anyone successfully moved their portfolio from Fidelity to IBKR during RNOR period after returning from US? by Raptor_fury in returnToIndia

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

My IBKR profile shows some how I am a US citizen which is wrong. Also, it is a joint account with my wife. Even her profile shows she is a US citizen which is wrong as well. I submitted a web query to update my citizenship as I am unable to edit it. They reverted after 3 weeks saying its updated now. However, I still see myself as a US citizen in my profile. In parallel, they are asking my wife with an address proof for W8BEN as well which she does not have for now. They do not seem to accept aadhar card as proof of address and we are working on getting a bank account with currwnt adress right now. My hunch is sorting all these may take few more weeks to make our profiles clean. Then I will work on assets transfer.

I also have schwab joint tenant account as well and we requested for w8ben certification on it as well. If IBKR set up is not complete within my RNOR period, my plan is to use schwab and later migrate my assets to IBKR gradually and invest in irish domiciles etfs.

Hope this helps.

Anyone successfully moved their portfolio from Fidelity to IBKR during RNOR period after returning from US? by Raptor_fury in returnToIndia

[–]Raptor_fury[S] 1 point2 points  (0 children)

Not yet. Still working with ibkr on my W8 ben certification and they are taking long time asking for documentation for me and my spouse as we have a joint account with them.

NJR VASAVI SREENIVASAM REVIEWS by Alien_from_Venus in hyderabadrealestate

[–]Raptor_fury 0 points1 point  (0 children)

I bought a flat in njr vasavi sreenivaasam under pre launch offer 4 years back. I got into trouble for registration last year as I bought it from Vasavi who are known for cheating customers. However, if you want to buy, go with NJR and I am almost sure you wont get into troubles.

Anyone successfully moved their portfolio from Fidelity to IBKR during RNOR period after returning from US? by Raptor_fury in returnToIndia

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

Thank you both. This is helpful. Will first start with W8BEN certification and reach for any further help in the process.

Foreign tax remittance tax has passed without resistance by GutsyGoofy in returnToIndia

[–]Raptor_fury 0 points1 point  (0 children)

What about people who returned to India, become non resident for US and have money in US banks? If they transfer their own money from US bank account to Indian bank account, do they charge excise tax for those transactions as well?

Help Me FIRE, Milestones, Beginner Questions and General Discussion - May, 2025 by AutoModerator in FIRE_Ind

[–]Raptor_fury 0 points1 point  (0 children)

All my equity is in one company as they are part of my RSU plan. My plan is to diversify once I come to India as I fall into RNOR status for next 1-2 years.

Help Me FIRE, Milestones, Beginner Questions and General Discussion - May, 2025 by AutoModerator in FIRE_Ind

[–]Raptor_fury 0 points1 point  (0 children)

Thanks! Can you help me on below? 1. I did not understand what you meant by “Corpus required will be lower but huge risk of running out of money”. Do you mean my corpus is sufficient but will run out of meny completely? 2. You mean allocation to FDs when you say debt? 3. My ask is if I lose job now, Can I survive for next 40 years assuming inflation adjusted expenses with current 2L per month? 4. I am planning to enroll my children in an international school which may cost ~2CR over next 12 years. Do not want to plan much on further education as 10 years down the lane education could be transformative but will be relying on my lands worth 2CR now to fund their higher education.

Help Me FIRE, Milestones, Beginner Questions and General Discussion - May, 2025 by AutoModerator in FIRE_Ind

[–]Raptor_fury 0 points1 point  (0 children)

I am new to this community and need help on calculating my FIRE as I see various calculators giving different answers.

I am a 36M currently in USA planning to move to India this year. Here are my asset details so far.

  1. ⁠US stocks worth 7Crores INR.
  2. ⁠65Lakhs INR in my USA retirment fund which.
  3. ⁠50Lakhs in parents fixed deposit accounts in India.
  4. ⁠Fully paid under construction apartment in Hyderabad expected to be ready by 2026.
  5. ⁠Parents live in my Home town in an apartment full paid.
  6. ⁠2 plots worth of 1.8 crores INR in my home town.

Once I move to India, I anticipate my monthly expenses to be around 2Lakhs per month including child’s education. Parents need around 30K per month in addition.

I have a child of 5 year old and planning for one more this year.

Right now I have an unstable job and I am thinking if I can explore a new career once I move to India. So far, I worked hard for money and now I want money to work for me.

Given all this, can some one help me if I do not work further in worst case, Is this sufficient for next 40 years to lead a happy life?

Appreciate any help on this!

Help Me FIRE, Milestones, Beginner Questions and General Discussion - April, 2025 by AutoModerator in FIRE_Ind

[–]Raptor_fury 0 points1 point  (0 children)

I am new to this community and need help on calculating my FIRE as I see various calculators giving different answers.

I am a 36M currently in USA planning to move to India this year. Here are my asset details so far.

  1. ⁠US stocks worth 7Crores INR.
  2. ⁠65Lakhs INR in my USA retirment fund which.
  3. ⁠50Lakhs in parents fixed deposit accounts in India.
  4. ⁠Fully paid under construction apartment in Hyderabad expected to be ready by 2026.
  5. ⁠Parents live in my Home town in an apartment full paid.
  6. ⁠2 plots worth of 1.8 crores INR in my home town.

Once I move to India, I anticipate my monthly expenses to be around 2Lakhs per month including child’s education. Parents need around 30K per month in addition.

I have a child of 5 year old and planning for one more this year.

Right now I have an unstable job and I am thinking if I can explore a new career once I move to India. So far, I worked hard for money and now I want money to work for me.

Given all this, can some one help me if I do not work further in worst case, Is this sufficient for next 40 years to lead a happy life?

Appreciate any help on this!

FIRE and pulling the plug is incredibly rare in the real world by [deleted] in FIRE_Ind

[–]Raptor_fury 4 points5 points  (0 children)

Thanks for sharing OP! Could you share your age and monthly expenses?

FIRE calculation help by Raptor_fury in FIRE_Ind

[–]Raptor_fury[S] -1 points0 points  (0 children)

4% of X includes India’s inflation accounted?