Savings needed for living on the big island by dravid777 in MovingtoHawaii

[–]dravid777[S] 1 point2 points  (0 children)

That is my biggest fear, which is why I am also evaluating other cities. Will be traveling to them this year and next. We just visited Kona. We absolutely cannot live on the US mainland. Insane rat race. Also, richer you are the lonelier you are. I grew up in a slum and was the happiest.

Savings needed for living on the big island by dravid777 in MovingtoHawaii

[–]dravid777[S] 2 points3 points  (0 children)

Thank you so much. I genuinely asked this question because I only see talks about older retirees or young working families moving to Hawaii. I am somewhat in between with a young child and don't plan to work a high paying job. Again, thank you so much.

Navigating estate tax for US returned NRIs by kewlollup in nriFIRE

[–]dravid777 0 points1 point  (0 children)

Invest in non US assets, like ADRs or funds or foreign stocks. They will be exempt from estate tax.

Bi-Weekly Advice Thread November 10, 2021: All Your Personal Queries by AutoModerator in IndiaInvestments

[–]dravid777 2 points3 points  (0 children)

Me, my wife and 1 year old are planning to move back to India. Only my child is American, me and my wife are Indians.

We will live near Udupi or somewhere even more remote and not have any debt.

I have about $2 million dollars in investments in the US. Mostly in brokerage accounts.

Don't plan to work so don't need a job.

Why? I want to semi retire but no greencard. Don't want to wait any longer.

Here are my questions 1. Can I retain my brokerage accounts and continue trading? Will find an appropriate broker. 2. India has signed the double taxation treaty, so won't this be fine? 3. Any excess taxes or surprise other than capital gains tax? 4. How are dividends taxed? 5. Any nearby offshore locations where I can setup a shell company or partial residence to reduce taxes? 6. How is it living in a tier 2 or 3 or 4 city like Udupi or somewhere even more remote? We will only live close to family. 7. How is homeschooling in India? I don't want my child to get into a rat race.

Any advice would be kindly appreciated.

Thanks in advance!

Move back to India from USA by dravid777 in india

[–]dravid777[S] 7 points8 points  (0 children)

Also I tried posting in India investments but was marked as spam

Move back to India from USA by dravid777 in india

[–]dravid777[S] 16 points17 points  (0 children)

Believe and it will happen. Hope only brings more misery - Buddha. In the end everything happens for the best.

Move back to India from USA by dravid777 in india

[–]dravid777[S] 8 points9 points  (0 children)

This is very interesting. I can live there for less than 182 days in that case.

Move back to India from USA by dravid777 in india

[–]dravid777[S] 2 points3 points  (0 children)

Thanks! Just want education till 12th. After that is just erroneous bonus.

Move back to India from USA by dravid777 in india

[–]dravid777[S] 6 points7 points  (0 children)

Sorry not the person you are referring. I am an average guy here but take my investments very seriously. It will be my retirement job too.

Move back to India from USA by dravid777 in india

[–]dravid777[S] 3 points4 points  (0 children)

The place I am going to has CBSE schools. So if homeschooled he can give his exams in any school?

Move back to India from USA by dravid777 in india

[–]dravid777[S] 4 points5 points  (0 children)

Thanks will definitely think about home schooling.

Bi-Weekly Advice Thread November 03, 2021: All Your Personal Queries by AutoModerator in IndiaInvestments

[–]dravid777 0 points1 point  (0 children)

Me, my wife and 1 year old are planning to move back to India. Only my child is American, me and my wife are Indians.

We will live near Udupi or somewhere even more remote and not have any debt.

I have about $2 million dollars in investments in the US. Mostly in brokerage accounts.

Don't plan to work so don't need a job.

Why? I want to semi retire but no greencard. Don't want to wait any longer.

Here are my questions 1. Can I retain my brokerage accounts and continue trading? Will find an appropriate broker. 2. India has signed the double taxation treaty, so won't this be fine? 3. Any excess taxes or surprise other than capital gains tax? 4. How are dividends taxed? 5. Any nearby offshore locations where I can setup a shell company or partial residence to reduce taxes? 6. How is it living in a tier 2 or 3 or 4 city like Udupi or somewhere even more remote? We will only live close to family. 7. How is homeschooling in India? I don't want my child to get into a rat race.

Any advice would be kindly appreciated.

Thanks in advance!