when r2i will succeed

[pqr2012]

r2i will only succeed when all the following conditions hold:


1. Every r2i member is in peak of health and with rock solid immunity.


2. You come back with at least 6cr (you need to
invest => 2cr in equity MF preferable by SIP). This is other than
money which you need to buy a house/aptmt.


3. Either you are a single male(single woman never ever r2i) or married with kids less than 6-7 yrs or kids in college or working.


4. Either you are retired or you work in very senior roles(CXO or just
a level below, anything less r2i will be nightmare) or
in very selected jobs (eg prof in IIT/IIM) with lots of perks or you
are a very resourceful/dashing entrepreneur.


Essentially r2i is a quality of life decision. 1mil$ is absolutely
nothing in US. But 1mil$ is enough to retire and live a very good life in
India.


If networth > 5mil$ forget India enjoy US.


In some cases r2i only option for eg:
1. Only son or child so no other option but to r2i to
take care of parents.
2. Lot of properties/inheritance in India. No sense in lia when you can
be in a king in India.

[Archana935]

Even I have wondered why so many super rich people reside in the USA when they can live in India with all the comforts plus family.
Also,why can't a single woman never ever r2i?

[pqr2012]

Super rich guys should never ever go out of USA.


Super rich in USA is networth > 100 mil$.


Only middle class guys(networth < 5 mil$) in USA should consider
r2i. It is very simple logic by r2i a middle class guy in US upgrades
to rich guy category (with its benefits) in India.

For rich guys US is heaven why should they even think of going anywhere
else?


Single woman face lot of practical problems(security etc). So r2i not an option
at all.


So basically r2i/lia is all about where you can have the best quality of life
for your net worth.

I decided to r2i for 3 reasons

1. Only son so had to r2i.

2. I realized I must enjoy my money when I am young. So retired in my
30s and ever since enjoying life has been my main aim in life. You
work hard for 70 yrs what is the guarantee you will be in good shape
to enjoy the fruits of your hard work. I can't wait that long.

3. India offered me the best option to grow my net worth.

So here I am in India completely jobless but growing my net worth
way more than in US. Why waste time working when you earn so much
just by investing in India?

[Lakshya]

1mil$ is absolutely
nothing in US.
.

Interesting… How do you know that? Let’s not put any mumbo jumbo numbers, this forum is known for theories & models. How many people you know who has less than $1 Million in US and suffering and can’t live comfortably? Any real life examples?

[pqr2012]

with 1mil$ you can never retire in US.

You r2i with 1 mil$.You retire.

You travel, you spend time in gym to improve your health, you enjoy your hobbies do whatever
you want. Just have fun. Don't work. Spend that time in having fun.

You have 1 life. So have max fun by 60 yrs (after that who knows what will happen). That is my philosophy.

My wife who is an extreme workaholic doesn't like my approach. To all Indians who only eat,drink and sleep for career
my moto is surely disgusting but I just want to have fun in my life.

[techynt]

$1 million = at least $50k in income from investment. This is equal to median income of a family in USA and you think its worth nothing, I think you are clueless about this.

You think <$5 million is middle class, again you are clueless. You have left USA like 10 years ago, and for that matter you lived only in few mega cities, why do you make such assumptions?

I can bet that 95% of people in USA, dont have networth of $4.99 million. I will leave the task of proving this wrong to you.


Single women cannot live in India, you are unnecessarily generalizing without knowing all women.
I know one women, who not only lived alone but also had a male driver to drive her around. She was a go getter who can travel the world alone, and used to stay late at parties in India with no fear. Its all about how you manage things, you can be secure in most places in India.


Your problem: you speak in absolutes. learn to say "Maybe" or mostly or research a bit before spreading false information like the value of $1 million.


Admins: I know I am going after the messenger instead of the message, but I am kind of feeling tired reading the 10th thread started by this member which mostly spreads false information. But if you feel the need to soften my tone, please do not hesitate, I fully understand.

r2i will only succeed when all the following conditions hold:


1. Every r2i member is in peak of health and with rock solid immunity.


2. You come back with at least 6cr (you need to
invest => 2cr in equity MF preferable by SIP). This is other than
money which you need to buy a house/aptmt.


3. Either you are a single male(single woman never ever r2i) or married with kids less than 6-7 yrs or kids in college or working.


4. Either you are retired or you work in very senior roles(CXO or just
a level below, anything less r2i will be nightmare) or
in very selected jobs (eg prof in IIT/IIM) with lots of perks or you
are a very resourceful/dashing entrepreneur.


Essentially r2i is a quality of life decision. 1mil$ is absolutely
nothing in US. But 1mil$ is enough to retire and live a very good life in
India.


If networth > 5mil$ forget India enjoy US.


In some cases r2i only option for eg:
1. Only son or child so no other option but to r2i to
take care of parents.
2. Lot of properties/inheritance in India. No sense in lia when you can
be in a king in India.

[Lakshya]

with 1mil$ you can never retire in US.

Your are making statements after statements, how do you know people cannot retire less than 1 million? You still have not answered my question. Do you really know anyone who is not doing well in US less than $1 million? To keep it simple I know people with less than $1 million in US and retired in US.

Have you ever lived in US? Just curious....

[FB2020]

Your are making statements after statements, how do you know people cannot retire less than 1 million? You still have not answered my question. Do you really know anyone who is not doing well in US less than $1 million? To keep it simple I know people with less than $1 million in US and retired in US.

Have you ever lived in US? Just curious....

Technically it is definitely possible to retire with less than 1MM in the US, but to give some credit to OP, its filled with lot more uncertainty than it would be if you were to R2I with 1M.. I think the point of the post is with 1M, the quality of life would be better with R2I.

I tend to agree with this general notion - obviously there are exceptions and individual situations that would vary.
In general, living in india with 1M would give you more bang for your buck than in US. in US you have some major issues like health insurance that are not easy to manage even with 1MM, esp if you have some health issues.

[Lakshya]

Technically it is definitely possible to retire with less than 1MM in the US, but to give some credit to OP, its filled with lot more uncertainty than it would be if you were to R2I with 1M.. I think the point of the post is with 1M, the quality of life would be better with R2I.

I tend to agree with this general notion - obviously there are exceptions and individual situations that would vary.
In general, living in india with 1M would give you more bang for your buck than in US. in US you have some major issues like health insurance that are not easy to manage even with 1MM, esp if you have some health issues.

I get that, but that is very much debatable. If you purely talking about quality of life, India cannot come close anywhere to US, even if you have $1M or $5M. Now if you are talking about mental satisfaction, missing close family members, sense of belonging etc?., then its very subjective and no $$$ can beat India on that front.

Another myth is about health cost in US, I don?t know how people came with this idea that its going to put a hole in your net worth. You are covered from your employer health insurance, and after that Medicare. Someone in our extended family, lost spouse in cancer few years back after 2 to 3 years treatment from top NYC hospital. That guy is not bankrupt. Family I talked in above post who is retired with less than $1M, spouse went thru bypass, and last Sunday I met them and as per my knowledge they are not bankrupt either. So not sure what health cost we are talking about.....

There is saying in Hindi and I don?t know the English of that ?. But that one fits best for OP post? ?Kahe- ta bhi diwana aur Sunta Bhi Diwana?

[FB2020]

I get that, but that is very much debatable. If you purely talking about quality of life, India cannot come close anywhere to US, even if you have $1M or $5M. Now if you are talking about mental satisfaction, missing close family members, sense of belonging etc…., then its very subjective and no $$$ can beat India on that front.

Another myth is about health cost in US, I don’t know how people came with this idea that its going to put a hole in your net worth. You are covered from your employer health insurance, and after that Medicare. Someone in our extended family, lost spouse in cancer few years back after 2 to 3 years treatment from top NYC hospital. That guy is not bankrupt. Family I talked in above post who is retired with less than $1M, spouse went thru bypass, and last Sunday I met them and as per my knowledge they are not bankrupt either. So not sure what health cost we are talking about.....

There is saying in Hindi and I don’t know the English of that …. But that one fits best for OP post… “Kahe- ta bhi diwana aur Sunta Bhi Diwana”

Correct and agree to all..

But remember OP is talking retiring early, maybe in 40s.. If you're in 40s and have 1M, and have no other special issues, I would bet that person can retire well in india and have his $$ go farther in india..

Employer healthcare is only when you're employed. Medicare is only after 65. So in between those ages, health care is a big mess. Obamacare does not look promising going forward. They are coming up with something, but given the high costs, there's only so much govt can do. Something will have to give.

Folks you're talking much have employer insurance - which is great.. But not a good situation for early retirees.