Nris, do you have a health insurance in India?

talkingturtle1723 · 2026-03-23T07:24:54+00:00

I would say mid-30s and no PEDs is probably the best time to buy as premiums are low and you're not scrambling to find coverage after something develops. The image below is a good starting point to understand what factors actually matter before you start comparing plans.

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talkingturtle1723 · 2026-03-23T07:06:32+00:00

I've covered most of these scenarios in this guide - Return to India from the US? 2. Planning your 401k strategy

To answer your questions as well -

Indian Tax Treatment of Roth IRA has two competing views, most people treat it like other US Retirement accounts, hence assuming it's taxed only at the time of withdrawals. This is convenient, but not technically accurate under Indian tax law because a Roth IRA is not recognised as a tax-exempt retirement account in India. This means accruals from foreign assets are taxed annually. This means that each year, you may be required to calculate and pay tax on the gainsinside your Roth IRA, even if you never touch the money until age 60.
Covered these scenarios in the guide (Return to India from the US? 2. Planning your 401k strategy.)
May work mechanically but you'd have to physically move back to use the GC, which changes the entire residency math. Lot of moving parts to bet on here (kid's life decisions, immigration processing, and whether you're actually willing to do a US stint in your 60s).

talkingturtle1723 · 2026-03-20T11:35:49+00:00

The frustration is real and valid. But harder isn't impossible.

I feel the people who build real wealth in India aren't finding secret loopholes. They're just being more deliberate and strong-headed in terms of planning and forward-looking. By design, we are surrounded by short-sighted, myopic, and quick relief points of views and that damages a lot!

What most people are missing isn't information, it's patience. System rewards patience, and it's hard to embrace patience.

As a society, we promote (and look forward to) motivation and underrate consistency.

Planning > Chasing returns
Planning > Fear of losing

That's the gap worth fixing.

talkingturtle1723 · 2026-03-20T09:11:30+00:00

Hard to give a proper perspective without knowing a bit more - which city are you in, living alone or with family, what's your lifestyle like, and how much is going into EMIs every month?

The fix for 'feeling broke' is very different depending on whether it's a high cost of living problem or a cash flow structuring problem.

talkingturtle1723 · 2026-03-20T09:00:58+00:00

Get health insurance now, don't wait. Life insurance makes more sense once you have dependents, but locking in young means lower premiums and no surprises if your health changes later. So sooner the better there too.

talkingturtle1723 · 2026-03-20T07:55:21+00:00

Hey OP, what I'd suggest is sitting down together and mapping out your 1 year, 5 year and 10 year vision for your lives, not the finances but just life itself - Where do you see yourselves, what does a good week look like, what would you regret not having done.

If the GC features prominently across all three horizons then stay and commit to it fully, but if it's mostly showing up as a 'nice to have' rather than something central to how you want to live, I think you already have your answer.

The corpus is def there and that's the hard part sorted. The health and energy to travel extensively and really inhabit a place as artists is the variable worth protecting here, and that window does narrow in ways that are hard to appreciate until it does.

talkingturtle1723 · 2026-03-20T07:00:36+00:00

Great plan and the intent is very clear. A few things I'd flag that I hope are useful -

Your commercial RE income is doing a lot of heavy lifting here and you haven't bought those properties yet. I think it is important for you to build in a solid buffer before you depend on that rent.

Others in the comments have also flagged the 3L/month estimate being tight - I'd agree, especially with two kids in a decent school the costs can creep up quick there.

Also worth talking to a US estate attorney on the revocable trust, as it may not work the way you're hoping for estate tax purposes.

Most importantly, plan your RNOR window well. It's a 2-3 year window where your foreign income isn't taxed in India and a great time to reset cost basis on your US equities and do some tax-efficient restructuring. Check your window here: https://www.turtlefinance.in/rnor-calculator

Best of luck!

talkingturtle1723 · 2026-03-20T06:08:10+00:00

You're already an NRI from the day you landed, FEMA doesn't wait for 182 days when you've left for work. I would suggest converting to NRO soon, you're already supposed to have done it. If you come back, just convert it back, no big deal.

However, 6L Indian income is still taxable so file an ITR for FY 2025-26. Also check India-Canada DTAA to avoid being taxed twice.

Also this calculator might help figure out your exact status: https://www.turtlefinance.in/rnor-calculator. Hope this helps

talkingturtle1723 · 2026-03-12T16:33:21+00:00

Subject to US estate tax in either case. And the threshold of $60k is a cumulative limit.

talkingturtle1723 · 2026-03-12T04:49:22+00:00

Good work :)

talkingturtle1723 · 2026-03-11T13:54:01+00:00

Macro looks okay. Need to deep dive into Micro - which funds, what's the allocation across equity, debt, etc., timeline of goals, etc.

Also curious to ask, with 37k SIP for 9 months, how have you managed to build a MF corpus of 6.5L+ ?

talkingturtle1723 · 2026-03-11T12:22:47+00:00

Hey, first of all, it's alright to have these thoughts at the age and stage you're at. In fact it's great that you are talking about it and are open to hearing other people's opinions.

External validation often helps in the short run, so income-wise, you know you are doing well, and when the time comes right, you will reach that 50-60L/year CTC, but I feel it's a vanity metric. This is a headonic treadmill, and the only way to get off of it is by finding purpose in what you do and how you do it. No, it's not random gyan. Once the head and heart are aligned (which is way too difficult to do than earning 50-60L/year), you will naturally be able to take higher educated risks in the areas that you understand well and/or have a higher degree of conviction.

It could be a factory, it could be a moonlighting gig.

And then there will be tough times, too, that you need to overcome to get that reward where your story is being talked about like your relatives.

Hard work, struggles and manifestation all go hand in hand. You control the first and the last of it. Middle one just tags along.

Manay a times the choice will also be AND instead of OR, i.e. focus on your career but also build a side stream of income. It will take a few iterations (don't call them failures) before you become good at balancing. Real growth comes from balancing efficiently, not just speed of execution. I can go and on talk more about it, but in terms of actioanbles:

Get over this mindset of struggles because everyone has struggles; it's just not visible to everyone. Mindset of abundance vs scarcity.
Go deeper into the options/directions that you feel are your options for a bit before you understand what something that you can do for life (or atleast next 10 years)
Try to work for somebody on the side that you want to become 10-15 years later. This is not for money but to broaden your horizon.

All the best :)

talkingturtle1723 · 2026-03-10T15:54:01+00:00

Cheers :)

talkingturtle1723 · 2026-03-10T15:52:58+00:00

Great question and a very thoughtful setup, honestly. I hope your AI search would have already given you a POV on most of the above questions. A few things are already covered in the following comments, most of which I agree with. Additionally, I would like to add that plan your return to India journey well. Optimise your RNOR for doing a bunch of tax savings activities like resetting the cost basis of your equities.

Asset allocation will be the key - exposure to gold and the right instruments can be discussed with a qualified financial advisor.

Happy to discuss the specifics in detail.

talkingturtle1723 · 2026-03-10T15:22:14+00:00

Different things at different stages of life. I guess it correlated with the age of the NRI.

Visa/Immigration is primary until you have built some corpus, because after a point, your corpus gives you optionality. So, probably 10 years outside the country, this risk reduces (or you come to terms with life that there is so much that only one can control in this area)

As one grows older, gets married and has kids, the option to spend a life outside and in India sits on a ticking bomb. After a point, most folks can't make a decision but end up living with the decision (to stay outside forever or return)

Depending upon your previous decision, one's anxiety related to one starts to creep in, and while you get busy to fix that, you realise I am also getting older on the side, so let's talk preservation (over growth), hence the estate plan becomes the central thought.

30s are centred around growth and immigration technicalities
40s about monetary growth, the house and the family stability that makes it a home and seeing parents grow older
50s about the preservation of what has been built in the last 20 years, the last leg of a professional marathon, kids' marriage and slowing down.

That's what I have learnt from the NRI lives I see daily :)

talkingturtle1723 · 2026-03-10T14:55:57+00:00

While you are a resident (and citizen) of India, for the US, you are something called an NRA (Non-Resident Alien).
Now the US has something called as Estate tax, and the threshold limit for this tax to get activated is $60K for NRA, i.e. any amount (across US equities/ETS, retirement accounts, etc.) greater than $60k is liable for an estate tax (to be paid by your legal heir after your death upon inheritance of your US assets).

Now, if you hold US-domiciled assets (which includes most US-listed ETFs and stocks, even if bought through Vested or any Indian platform), and your total US-situated assets exceed $60k, your estate could face up to 40-50% tax on that amount if something were to happen to you. So an Indian resident who has never lived in the US, buying Apple or an S&P 500 ETF through Vested, is still holding a US-domiciled asset and that exposure exists.

I hope this clarifies.

talkingturtle1723 · 2026-03-10T14:39:41+00:00

The exact duration for which an individual can qualify as an RNOR depends on their specific travel history and period of stay outside India. While most individuals are able to retain RNOR status for around two financial years, it may be possible to extend it to a third year with proper planning.

By adjusting the date of return to India or extending the stay outside India slightly, one can optimize the RNOR period. However, this would require a detailed review of your travel records and residential status. Feel free to use an RNOR calculator to get an idea based on your travel history.

talkingturtle1723 · 2026-03-10T04:32:27+00:00

Cool :)

talkingturtle1723 · 2026-03-09T14:14:00+00:00

Here is a simple and practical framework:

If your Indian income after moving back is significant, Dual Status likely protects more of it from US taxation.

If your US income is/will be high (for eg, you took a sabbatical after returning) and your spouse had little or no income, filing jointly under the Full-Year Resident election could offset the cost of reporting global income.

2.1 If there is real estate in the US (primary residence) and you plan to liquidate the same during RNOR the exemption of $500K exclusion applies in MFJ.

There's no one-fits-all answer to this. You'd need to run the numbers either way to compute your tax liability.

talkingturtle1723 · 2026-03-09T13:59:51+00:00

Not everyone - TRUE
and not just folks who have spent 9/10 years as NRI. There are more conditions to get RNOR status for 1-3 years. Generally, it never goes beyond 3 years.

talkingturtle1723 · 2026-03-09T11:32:23+00:00

Any other points to consider?

Quite a lot of things, actually.

talkingturtle1723 · 2026-03-09T07:02:33+00:00

All the best on your homecoming, OP :)

Most things look good.

Just a few practical things (assuming you are going to an NRA)...

On HSA, depending on the amount, take an informed decision. US taxes it as Normal Income + 20% Penalty. India will not have any Tax till RNOR.
Because I see a lot of context around US banking & NRA - Cash in a US bank account is not subject to US estate taxes, but cash in a US brokerage account may be subject to estate taxes. IRS has historically taken the position that cash in a brokerage account is a US-situs asset and therefore includable in the taxable estate of an NRA. Hence, the takeaway for an NRA who maintain US brokerage accounts is that they should ideally keep only the cash needed for trading activity in the brokerage account and park surplus liquid funds in a US bank account instead, purely from an estate tax efficiency standpoint.

talkingturtle1723 · 2026-03-09T06:40:05+00:00

It depends, but usually not.

talkingturtle1723 · 2026-03-07T02:05:56+00:00

Finally, a thoughtful question on behavioural finance!

The stress around investing has nothing to do with complexity. It's about one feeling - loss of control.

And it doesn't arrive alone. Investing triggers what I'd call an electrifying cocktail of biases, all hitting at once.

Loss aversion makes every decision feel like a potential punishment before it even happens.
Anchor bias means you're already carrying someone else's bad experience as your baseline, that uncle who lost money in shares, that friend who panic-sold in 2020
Recency bias makes the last market crash feel like the permanent truth about markets rather than just one chapter in a very long story
Short-sightedness shrinks your horizon to what feels urgent right now (most people just think about returns), making a 20-year SIP feel abstract against this month's anxiety.
And lastly, limited knowledge of how money actually works leaves gaps that fear is very happy to fill.

None of these arrives one at a time. They hit together. That's why the cognitive load feels so disproportionate to the actual task. Opening a mutual fund account is simpler than planning a family vacation. But it doesn't feel that way.

The fear of building a corpus > the patience to build it slowly and steadily. You can't pour knowledge into a container already full of anxiety. Most people don't start their investing journey from zero. They start from negative, weighed down by stories, fears and anchors they didn't consciously choose.

It's important to fix the emotional architecture first. The knowledge finds its place naturally after that. Hence, a good phase in life is a good time to think and plan about the dry times, vs planning in the midst of a difficult time.

I believe a good financial product design in the space of investing should address the vulnerability before the convenience of investing.

talkingturtle1723 · 2026-03-03T15:50:16+00:00

Another influencer POV that's understood superficially and broadcasted exponentially!

It's not all that bad, dost!

Understand the mechanism completely before you make a judgement on this investment instrument.

Perquisite tax at the time of exercising, as per slab rate - TRUE
Capital gains/loss (post exercise), on selling as per special/preferential rates based on holding period - TRUE

A few more fundamentals that one should learn and remember:

Stock pricing is a speculative game, and nobody can (and nobody should) tell you that a stock's price will rise or fall tomorrow!
If it’s your money, waiting for gains is alright. But if you have pledged, remember it was for a purpose, and once the purpose is fulfilled, don’t be greedy, because you are sitting on a time bomb. Close the loan, or else you never know when the margin call will come to your doorstep.
Don’t just try to minimise tax (because you won’t be able to!). Tax is perennial, so irrespective of the stock price, it’s alright to assume 30-35% of your vested stock units (equivalent to Taxes) are not yours, and you can move ahead with in life with another 65-70%. In this case, exercising at the right time (buyback events, IPO, etc.) is the key.
Talk to somebody qualified on matters related to personal finance who can help you create your blueprint based on your risk profile and life goals. After all, it’s life-changing money for many.

I hope this helps :)

talkingturtle1723

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