r2i forum

[QUOTE=okonomi;631033][COLOR=#008000]The new form (Schedule FA) within the India Tax Return (india's version of FATCA) where a Tax-resident of India has to report foreign assets might end up catching such "[I]lapses[/I]" eventually. And then, there could be a OVDI (offshore voluntary disclosure ...

[QUOTE=k11;631028]Apply for a Pvt Student loan. Rates are low these days and the student gets tax benefits during repayment. Why overthink about 401k and all for something so simple. Discover Wells Fargo Sallie Mae SOFI PNC SunTrust and many others Cosigner required for some ppl, some programs in ...

Thank you, this is really helpful. We will pursue this route as a back up, gap fill for any additional needs beyond what will be given by Univ/Fed loans/campus job opps.

[QUOTE=Caramel;631012][QUOTE][FONT=Trebuchet MS][INDENT][QUOTE]Did your son contact the financial aid office at Duke? Has he filled out FAFSA? [/QUOTE][COLOR=#0000cd] [I]srikal> Yes, he applied. Because of the second wave admission, this got little delayed. [/I] [/COLOR][QUOTE]For graduate schools ...

[COLOR=#0000cd]srikal> My son opted for financial aid. However, he got admitted in second wave of admission. [I]So his financial package yet to come.[/I] Duke also mentioned that they won't give any aid/grant from Univ side for this program. So we end up in loans and other financing opps. Now. what ...

[QUOTE=Desi;631010]Sure, loan is an option if you can get one or your son can get one. Do some research on higher education funding choices using Google. [COLOR=#0000cd]srikal> Yes, working on this. Checked with my company HQ in US. They do have scholarships and financial assistance for graduate ...

Thanks a ton Desi, that has cleared many doubts and made the job easy. Taking a loan is out of the equation now. [COLOR=#006400][I]So, I will work my IRA Account Holders to see if a distribution is something that I can workout.[/I][/COLOR] This is the ONLY option I can exercise on my retirement ...

[I][COLOR=#0000cd]Hi Desi, Thanks for the feedback.. I am glad that my 401k has been turned into Regular IRA when I left US. So, if I take loan on my IRA for my son's education - I will not have penalty - but I will have tax implications. means it will add up to my income that I report to TRS for ...

[COLOR=#0000cd][I]Srikal> [/I][/COLOR][COLOR=#800000][I]Indian[/I][/COLOR][COLOR=#0000cd][I], thank you for your quick response and feed back. To your questions, I provided inline response below.[/I][/COLOR] [QUOTE=indian;630947]When you leave US employer, the 401K would be rolled over to IRA right ...

Hi, I have a standard case, I think (However, I may not be just alone). Somebody might have passed through this scenario and thought they can bail me out with their wisdom/experience. We left US in 2008. After my return to India, I have been working in India (MNC) all along. I have some money in my ...