toranam Posted December 10, 2022 Report Share Posted December 10, 2022 naa post kadu just FYI. courtesy : fackbook sos group Return to India Hello, I am 40 years old Male and recently lost my job in US wide tech layoffs. I am trying to find another one at the same time thinking about returning back to India and take early retirement as I find it difficult to manage stress now days. I have net worth of just about of 5 Cr INR (2.6 CR INR in Indian Equities MF out of which 90 Lakh is capital gain and 1.7 CR is base investment. I have 2.5 CR in US Equity which equals to around 300k in USD). I have one new under construction fully paid up house in Mumbai. No Car, no two wheeler and No Health Insurance in India. I have term life insurance plan in India for 1 CR. I have one US citizen kid 6 years old, wife and mother who are financially dependent on me. Apart from this I do not have any liabilities. Given the current cost of living in India and Education for US citizen kid is this sufficient amount to take FIRE Retirement? At maximum I am assuming that my monthly expenses would be 1 Lakh in India in Mumbai. Please provide your suggestions. Quote Link to comment Share on other sites More sharing options...
DuvvaAbbulu Posted December 10, 2022 Report Share Posted December 10, 2022 1 hour ago, toranam said: naa post kadu just FYI. courtesy : fackbook sos group Return to India Hello, I am 40 years old Male and recently lost my job in US wide tech layoffs. I am trying to find another one at the same time thinking about returning back to India and take early retirement as I find it difficult to manage stress now days. I have net worth of just about of 5 Cr INR (2.6 CR INR in Indian Equities MF out of which 90 Lakh is capital gain and 1.7 CR is base investment. I have 2.5 CR in US Equity which equals to around 300k in USD). I have one new under construction fully paid up house in Mumbai. No Car, no two wheeler and No Health Insurance in India. I have term life insurance plan in India for 1 CR. I have one US citizen kid 6 years old, wife and mother who are financially dependent on me. Apart from this I do not have any liabilities. Given the current cost of living in India and Education for US citizen kid is this sufficient amount to take FIRE Retirement? At maximum I am assuming that my monthly expenses would be 1 Lakh in India in Mumbai. Please provide your suggestions. Bro replies Em vachay adhi kuda post cheyyu 1 Quote Link to comment Share on other sites More sharing options...
.thumb.gif.343fe49c7e1c507ae0056326bd8cf77e.gif)
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.