Need suggestions - r2i dilemma

i2d2 · Post by **i2d2** » Thu May 24, 2018 9:35 am

-------------Update ----------------------

Almost 5 years passed...lot of water under the bridge, thought will provide update as well seek some more advise.....

... Still working, with gods grace no health issues...continuing good health...
... Still in bay area... r2i still considered.....but I think the chances are getting slimmer and slimmer, perhaps ... still holds a paid off home back in India, in case, want to head back. Not earning any money on it ... :(
...

Financial-
will have around 2M$ in US (equity in US house, 401k and others), have 2 rentals (not producing any cash flow, for now)..soc. security eligible
no more real estate in India, except one paid off home, all repatriated back (except a little less than 1Cr in FD, in case I want to go back)...

I am hoping i could retire either in US or in India...What do you guys think??? thanks, in advance for any perspectives...

whatisthepoint · Post by **whatisthepoint** » Thu May 24, 2018 4:11 pm

i2d2;674721-------------Update ----------------------

Almost 5 years passed...lot of water under the bridge, thought will provide update as well seek some more advise.....

... Still working, with gods grace no health issues...continuing good health...
... Still in bay area... r2i still considered.....but I think the chances are getting slimmer and slimmer, perhaps ... still holds a paid off home back in India, in case, want to head back. Not earning any money on it ... :(
...

Financial-
will have around 2M$ in US (equity in US house, 401k and others), have 2 rentals (not producing any cash flow, for now)..soc. security eligible
no more real estate in India, except one paid off home, all repatriated back (except a little less than 1Cr in FD, in case I want to go back)...

I am hoping i could retire either in US or in India...What do you guys think??? thanks, in advance for any perspectives...

So you went from 800K to 2M in the us in 5 years.. Are you counting bay area real estate appreciation now ?? When you say no more real estate in India, did you but more recently and sell off ?? and buy rentals here.. ?. How was the repatriation process?

if you had 2MM outside of your bay area real estate, then you should be able to semi-retire because you will be eligible for SS. otherwise consider moving to a low cost location if possible.

techynt · Post by **techynt** » Thu May 24, 2018 4:14 pm

2 rentals in usa? (if so, why they are not producing any cash flow?)

according to recent news, with $1.4 million you can live comfortably in USA and with 2.4 million you are considered rich. Obviously this does not apply if you are in some parts of California or New York and some other similar places.

For a family of 4, $2m is enough to stop working in USA, but you need to be a bit financially savvy or have a good adviser. If one can make 1-2% above inflation, its pretty good. this is very easy in USA financial markets.

If you are 60 year old with $2m, I think you can stop working for money tomorrow.

I am not planning to completely stop working. My plan is to stop working for money only. As soon I reach my corpus goal, I will first take a sabbatical to reset my brain. And then I will pursue whatever interests me, at the moment I am interested in education(not for money, it just seems the most challenging thing to do).

But before you quit your job, you need to think, do you really hate your job or just bored?
If just bored, can you not just take more vacation time, many of them unpaid, and do something else that may interest you?
If you find nothing interesting at work, then also you need to figure out what will you do after retiring, playing golf is also not a bad idea. But sitting at home sometimes does not work well for many people. There is only so much tv we can watch.

i2d2;674721-------------Update ----------------------

Almost 5 years passed...lot of water under the bridge, thought will provide update as well seek some more advise.....

... Still working, with gods grace no health issues...continuing good health...
... Still in bay area... r2i still considered.....but I think the chances are getting slimmer and slimmer, perhaps ... still holds a paid off home back in India, in case, want to head back. Not earning any money on it ... :(
...

Financial-
will have around 2M$ in US (equity in US house, 401k and others), have 2 rentals (not producing any cash flow, for now)..soc. security eligible
no more real estate in India, except one paid off home, all repatriated back (except a little less than 1Cr in FD, in case I want to go back)...

I am hoping i could retire either in US or in India...What do you guys think??? thanks, in advance for any perspectives...

mn_op · Post by **mn_op** » Thu May 24, 2018 6:06 pm

i2d2;674721-------------Update ----------------------

Almost 5 years passed...lot of water under the bridge, thought will provide update as well seek some more advise.....

... Still working, with gods grace no health issues...continuing good health...
... Still in bay area... r2i still considered.....but I think the chances are getting slimmer and slimmer, perhaps ... still holds a paid off home back in India, in case, want to head back. Not earning any money on it ... :(
...

US is a great place for life after 60. India sucks big time for this age group. Medical facilities are bad, air quality is bad, crossing roads is bad and watching young Indian girls in scanty clothes is heart wrenching.

Keeping an apartment in India for a probable R2I may be emotionally satisfying but may not make a whole lot of financial sense.

What would make you to R2I? You probably have better social network in the US than in India, you probably have more family in the US than in India (if not yet, it will be soon). At the age of sixty, you probably aren't looking to R2I for next five years or so and beyond that your trips to India will be to attend funerals (and a couple of weddings).
In India, life expectancy is less and if at all you R2I, you will be losing at least five years of active life. At sixty, its a substantial time.

In the US, you will find that sixty is still being young and you will meet older people all the time. In India, only sixty plus people I see are retired parents lolling around in the housing societies and bragging about their kids and fawning over their grandkids and complaining about their daughter-in-laws and pretending to not stare at young bombshells.

US offers a great life full of activities, cheap cruise vacations and large parks. Enjoy the US sir, as you are still young in the US...before thirsty underwears creep in.

India is a land of young people where even men in mid-fourties are considered old....even by hot aunties.

i2d2 · Post by **i2d2** » Thu May 24, 2018 9:42 pm

>>So you went from 800K to 2M in the us in 5 years.. Are you counting bay area real estate appreciation now ?? When you say no more real estate in India, did you but more recently and sell off ?? and buy rentals here.. ?. How was the repatriation process?<<

- I have sold my primary in cupertino (realized some $) thought I was selling at peak :cry: .. but luckily I 'downgraded' myself to east-bay, so I could catch some of what I have lost.... in the end, yes I am counting real estate appreciation, but only couple of hundreds...not much.
- i have sold in India over a period of 3 years.. paid taxes in India & US....i think, premium real estate may be easier to sell with cheque payment, you may get a bit less, but much simpler for taxes and repatriation......

i2d2 · Post by **i2d2** » Thu May 24, 2018 9:46 pm

>>2 rentals in usa? (if so, why they are not producing any cash flow?)<<

real estate in a decent neighborhood, rent is eaten by mortgage+taxes+property management ... in the end, some one pays your mortgage :cry: that is all what I am getting now, unless I clear the mortgage.....which I don't want right now.... it is cheap money..

I have bought them primarily in case I want to move in retirement...... may not be financially savvy.....but I think may be ok, in the long run.....

techynt · Post by **techynt** » Fri May 25, 2018 5:41 am

As long as your mortgage is covered, you are better off, think about someone else is buying you a house, a little bit at a time and in 30 years they would have paid off for your house.

i2d2;674752>>2 rentals in usa? (if so, why they are not producing any cash flow?)<<

real estate in a decent neighborhood, rent is eaten by mortgage+taxes+property management ... in the end, some one pays your mortgage :cry: that is all what I am getting now, unless I clear the mortgage.....which I don't want right now.... it is cheap money..

I have bought them primarily in case I want to move in retirement...... may not be financially savvy.....but I think may be ok, in the long run.....