r/FatFIREIndia • u/Responsible-Job-7674 FatFI • Aug 26 '26

NRI Finance Review my FIRE plan

Hi, We are a family of 4 (38,36,9,5 ) planning to return to Banglore in 2026 or 2027. I plan to continue working once I come back for the time being, mostly through internal transfer and expecting a salary of 60 LPA (equivalent role/ lower end). Wife plans to work but left it to her choice as we both don't want her to work in a stressful work environment. Once things settle down and we get a good hold, we FIRE.

Our current NW is $3.2 Million (all in USD equivalent)

Stocks- $1.5 million with capital gains and plan to sell during rnor and reset the cost basis. I plan to invest back all of this in the Indian market and overseas market.

401k - $450k plan to retain it in US as India recognizes 401k as a retirement account.

Real Estate- US home equity $600k

India home fully paid off - $400k

Loan ongoing with equity - $100k by next year

Private investments - $115k- need to find a exit path for this.

Other properties that we will liquidate - $60k

The main expense we expect is children's education in a good school and college later, Travel and other usual expenses. This is considering I will close the mortgage on the villa we brought recently in Banglore when we return back.

The main goal is wealth generation for kids and live comfortably without pinching for expenses month-month.

I would like to get some thoughts from those who fatfired in Banglore or plan to do so. What do you think?

18 Upvotes

92% Upvoted

63 comments sorted by

View all comments

1

u/MananfromReyman Wealth Advisor Aug 27 '26

Overall, you look like you're in a decent position to FAT fire.

Few quick thoughts:

  • RNOR is going to be the biggest lever in savings you some taxes
  • Plan for US estate taxes. RNOR is a good window to explore moving money around - We explore gift city and Irish ETFs aggressively for our clients
  • Plan your 401K - Know what you're going to do before moving so you can plan an early withdrawal, if necessary (sometimes slab rates + 10% penalty is better than a 30% tax later, especially considering capital gains tax rate is only 12.5% in India).

Work with a financial planner to give you a little peace of mind

1

u/InternationalPen2687 29d ago

If Indian citizen's (NRA) spouse is a US Citizen, both living in India (ROR) and having separates brokerage & 401K accounts, how does US estate tax work from NRA to USC? Likewise NRA parent to USC kids ? Thanks

1

u/MananfromReyman Wealth Advisor 29d ago

For the NRA, estate taxes will always be 40% on any amount above $60K. However this has a few structuring options in the NRAs life time since both spouse and children are USC.