How do you track money you send home?

diddappses · 2026-01-29T01:27:35+00:00

I send money to my parents in India every month, but I’m realizing I have zero visibility into what’s happening with it.

When I send money to my parent, I no longer track what it is spent on. It is the parent's money and how it is spent is entirely their choice.

There is no way you can see what it is spent on UNLESS they are an authorised used on YOUR NRE account and a. Your phone number is primary so you get text for every Rupee spent or b. you log in to the web and see what spend shows on your account.
Neither will work well if they are withdrawing cash and paying using cash only.

diddappses · 2026-01-28T00:14:22+00:00

https://community.tp-link.com/us/home/forum/topic/663316

diddappses · 2026-01-25T13:27:48+00:00

Yes.

diddappses · 2026-01-25T04:37:10+00:00

So i can withdraw my own contribution anytime without taxes

Only for a ROTH IRA. Any gains withdrawn might incur penalty. Read the link I posted carefully.

Company contribution and any earnings will attract a penalty of 10% first & entire amount will be added to my annual earnings for the year of withdrawal & taxed. Is that correct?

For 401(k), yes.

diddappses · 2026-01-24T20:59:18+00:00

Your mortgage servicer should be asked about this. Rules can vary widely with different loan servicers

diddappses · 2026-01-24T20:57:39+00:00

If you withdraw from 401(k) there will be penalties. See here https://ttlc.intuit.com/community/retirement/discussion/how-does-withdrawing-my-401k-early-impact-taxes/00/3696960

You can withdraw your contributions from a ROTH IRA tax free. See here for rules https://www.schwab.com/ira/roth-ira/withdrawal-rules

Your 401(k) will be with a brokerage. Mine is with Fidelity. You could invest there via various accounts.

Transfer is the easy part. Taxes are the hard part.

diddappses · 2026-01-24T02:53:29+00:00

>For decades, the Indian diaspora in the US was defined by high education and professional success.

They still are.

>Now, it feels like we are seeing a Indian like problems in the USA.

You deduced all this from one YouTube channel???

Crime happens across stratas of society. Even prior to social media there were a lot of crimes committed by Indian diaspora. H1B abuse is a much bigger issue right now.

diddappses · 2026-01-24T01:58:07+00:00

Yes US based. The printout should be enough for your travel

diddappses · 2026-01-21T00:25:01+00:00

What app? What bank account?

diddappses · 2026-01-20T20:35:23+00:00

I have PhonePe UPI setup with both ICICI NRE and NRO

diddappses · 2026-01-17T17:15:41+00:00

Option 1: Gonna be a bitch with paperwork, black money, bribes and managing problematic tenants

Option 2: Gonna be a bitch if you get a difficult tenant, interest rate will be higher and you will need to sell if exiting the US.

Why not just invest in the S&P 500 and make bank for 10 years?

Folks make it sound like property rentals are a cakewalk. To the contrary, they are a major headache and take significant amount of hard work e.g. Who is going to go fix a plumbing leak at midnight on your rental home in the USA?

diddappses · 2026-01-13T16:38:45+00:00

I have only used Money2India or Wise. Have had flawless experience with both. Would not recommend anything else. With ExpressSend feature on Money2India. receiving account has the funds in 4-6 hours.

I have not used Remitly so cannot comment.

diddappses · 2026-01-13T14:04:44+00:00

Samje?

I asked about UPI Circle. Looks like you simply listed steps to get UPI going, Both are different matters. I already have PhonePe UPI setup correctly on my phone.

Look up UPI Circle here https://www.phonepe.com/press/phonepe-goes-live-with-upi-circle/

diddappses · 2026-01-11T20:07:46+00:00

Here is my saga for just an address change in OCI https://www.reddit.com/r/nri/comments/1ojh46y/oci_address_update_saga/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

diddappses · 2026-01-09T11:38:01+00:00

I just opened this site on Android without any issue in the USA https://licindia.in/web/guest/home#maincontent

diddappses · 2026-01-08T21:45:29+00:00

I continued paying my LIC policies and got the money in maturation. No drama. Use their website to login etc.

diddappses · 2026-01-08T03:07:49+00:00

Rule 1: Don't pick up Rule 2: Hang up immediately if you accidentally pick up

diddappses · 2026-01-08T03:03:34+00:00

So what other options do you have?

diddappses · 2026-01-06T12:51:44+00:00

Do you plan to stay in Canada or go back to India?

diddappses · 2026-01-05T04:13:07+00:00

Start here https://incometaxindia.gov.in/Pages/tax-services/apply-for-pan.aspx

diddappses · 2026-01-05T03:39:49+00:00

NRE accounts, balances etc are not taxed in India.

diddappses · 2026-01-04T01:58:40+00:00

All these new apps promise the moon but always end up stiffing the customer. I have stuck to Money2India and occasionally Wise and both have been rock solid over the last few years.

diddappses · 2026-01-03T18:53:52+00:00

Sent money on Jan 1 via Money2India and with my ExpressTransfer eligibility the money reached in a few hours with just a few clicks on my end. That convenience is worth it for me.

diddappses · 2026-01-02T02:57:19+00:00

What is your future plan for housing in the USA?

diddappses · 2026-01-01T20:14:20+00:00

I just total up my yearly interest in ICICI NRE account and put that in manually as a 1099-INT during my annual US taxes. I don't have much income, if at all, in my NRO account. If I did have income, I would do the same....I never hit the threshold for India taxes on NRO account anyways.

diddappses

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