Poverty retirement after returning to India
My current portfolio is as follows:
U.S. Assets
Cash in bank: USD 900,000
Fidelity investments: USD 350,000
401(k): USD 65,000
India Assets
Mumbai flat worth approximately ₹2.5 crore, generating ₹49,000 monthly rent
Patna flat worth approximately ₹70 lakh, expected to generate ₹16,000 monthly rent
Kasi plot worth approximately ₹80 lakh
Mutual funds: ₹2.6 crore
Gold investments: ₹2 crore
IDBC’s mutual funds: ₹48 lakh
IDBC’s cash savings: ₹9 lakh
Yashvi Yojana (PY): ₹40 lakh
Provident Fund (PF): ₹50 lakh
Public Provident Fund (PPF): ₹30 lakh
National Savings Certificate (NSC): ₹9 lakh
In addition, my wife is a government teacher earning approximately ₹92,000 per month.
Given this financial position, can I start planning to return to India and think about poverty retirement?
I feel like I'm really POOR! Please help.
/s
This is a satirical post and was inspired by this post.