r/FatFIREIndia

Does creating an Irrevocable private family trust make sense at 20 Crs Net-worth?

How much would a setup like this cost, anyone who has created a family trust how did it work out.

Literally the title.

I had posted this earlier. https://www.reddit.com/r/FatFIREIndia/comments/1uf49e5/hesitant_fi_but_maybe_forced_to_re

Seems like D-day is pretty close with no other alternate offer. Wife still has a stable though a bit stressful job at times though she loves most parts of her job except for it getting hectic at times or intermittent job related travel.

I am going to use this to see if I like FIREd life. If I like, there is no going back. If I don't, I am hoping to find another job, may not be so lucrative but that's fine.

I have started looking into what might keep me busy. Bonsai, a farm house project, thinking of buying a farm for vacation, take it as one to two year project t and run as Airbnb.

Any checklist before I exit? Top health insurance recommendations?

Background:

I am 28M living in India with wife(non-working) and parents. My net worth is around 8 crores(invested across mutual funds, gold, FDs and crypto(only Bitcoin)). I had been making around 130k usd income since past 4 years by working remotely in India for US startup. Before that, I was software dev at faang for 2 years. My monthly expenses are around 70-80k per month. Although, I am fatfired based on monthly expense, I am living frugally but aiming 20 cr(in present terms) to live true fatfire life in India.

Problem:

Although I still have good income and Good net worth currently, the future is very uncertain. The main reason being I pivoted from general software development to crypto software development and crypto jobs are decreasing day by day and most of the companies are not willing to hire from India. So, I am not sure how should I pivot to new career in Software and look for lucrative opportunities with more pay in foreign countries.

My plan:

I am thinking to moving out of India(maybe europe or US) where there are good opportunities to make money and then return back to India. But there is no way for me to get those visas. So, I need to do masters there and I am not sure if that plan will be feasible. Need your inputs on this.

Need your inputs on following:

I need your input to analyze my plan and see if it's feasible and how hard will it be. Apart from that, I want your insights on what should I do to target high paying job and truly reach fatfire corpus. If you are living outside India and working as a dev, data scientist , ml or ai, it would be great if you can share some thoughts on which tech to pivot and will give good returns however hard is it to learn. I don't mind learning for 1-2 years without income as I have good enough corpus so I am trying to get into career path with very good upside.

Sorry for long post and thanks in advance.

I'm thinking of the following asset classes and targets for each for FatFIREing. Would love to hear some feedback from this community - did I miss anything? would you suggest changes in targets etc.

Asset Class	Target	Current
Equities/ETFs/Mutual Funds	2M USD/ 20 Cr INR	150k USD
Real Estate	2 flats + land + villa	2 flats
Loans Pending/Liabilities	0 INR	40L INR
Gold Bullion	3 Kg	250 gm
Silver Bullion	30 Kg	15 Kg
EPS/NPS/Retirement fund	1 Cr	15 L
Passive Income	5 L INR per month	0 INR

When you start earning more, the network of people you meet also changes. And with that, your lifestyle expectations seem to rise as well.

For me, it translates into:

1. 1 Europe holiday every summer and 1 Asian holiday every winter
2. A high-end car with a hefty EMI
3. A flat in a high-end society, which means another big EMI
4. Multiple house helps because both of us work long hours to maintain the lifestyle inspired by people we don’t even know
5. A high-end school for the kids, because anything below IB feels like it will be judged
6. Multiple activities (five, to be precise) for my 5-year-old, because you start feeling like you’re not just raising a child but trying to raise a “super hero” within your social circle
7. Spending more on gifts for others than on things we buy for ourselves
8. Making sure your parents get the best facilities, so instead of just looking for a good doctor, you find yourself looking for the best/high-end hospital

Honestly, I’ve stopped thinking about FIRE. My monthly salary is constantly under 🔥

Need suggestions from friends

M46 Married with 2 kids. Currently working, liquid net worth is INR 50 Cr mostly in india and company RSU there are some additional investments in real state valued around 5 Cr. Home paid off, kids are studying in high school.

What will be the best asset allocation strategy for me?

What will be the ideal split between the USA and india(RSUs)?

Is this net worth good for fat fire or need more buffer?

I’m turning to the wisdom of this community to help me sense-check my retirement goals. I’m not a financial wizard, so any straightforward advice or reality checks are highly appreciated!

​36M, NRI currently living in South East Asia (a lower-cost country, not SG/HK).

​Married, with a 5-year-old child. (Spouse is currently not working).

My ​goal is FIRE in 9 years by 2035 at age 45.

Income: ₹2 - 2.5 Cr fixed annually. (I make another ₹1 Cr in variable bonuses/commissions, but I want to ignore that for now to be conservative).

Current Portfolio: ₹1.7 Cr invested in Mutual Funds.

​Emergency Fund: ₹50 Lakhs cash (in USD & SGD) for a rainy day.

​Real Estate: Own house back in India.

Investable Amount: ₹4 Lakhs per month (after all taxes, daily expenses, and schooling).

I want to maintain my current upper-middle-class lifestyle without constantly worrying about a depleting bank balance. My money goes a long way where I currently live.

Current Monthly Expenses Breakdown: ​Housing & Utilities: ~₹2 lakhs ​Groceries, Dining & Entertainment: ~₹2 lakhs ​Child's Education & School Transport: ~₹1.8 lakhs ​Personal Allowances & Subscriptions: ~₹2 lakhs ​Household Help (Full-Time): ~₹60k ​Local Transport: ~₹50k Total: ~₹9 lakhs (I've been generous in calculating my expenses)

Early 40s couple with a 5 year old. Estimated monthly expense of 6 lacs (includes 2 lacs per month for rent) in Bengaluru.

Equities $2M
IRA $600K
House equity $400K
Cash in India Rs.30 lacs

Can we pull the plug?

1. If someone doesn’t have kids and doesn’t need to leave any inheritance, does 3% withdrawal apply to them as well? When I run the models, at 3% withdrawal one ends up with a lot of money at 100 years of age.

2. Also, if you plan to retire in India, but your investments are in USD, is the 8% inflation still applicable or it get offset somewhat due to INR USD relationship?

Hey everyone,

Most of the posts here are from NRIs looking to Fatfire.

But is it possible for an Indian T1 MBA grad to do the same without leaving the country? Think top IIMs or ISB ?

I just can't understand how an Indian salaried employee working in India can reach the amounts seen here, even if they are cream of the crop.

I and my husband (age 35, DINKS) have decided to relocate to India after 9 years in the US and retire there. Total corpus - $1.8 M
Plan is to buy a home in tier 2 city ( mostly Chandigarh) for $3 Cr, monthly expense - 2 lakh.

Problem is - I am worried about what I would do with all the free time? I have my sisters family in Chandigarh , the only people I know. Mom would live with us and we will get a dog. But is that it? I have associated my identity with my job. I don’t want to work as I am exhausted. But the idea of not doing anything the whole day scares me.

We are tired with constant work pressure in our corporate jobs and rat race. We want to retire as soon as possible.

Also we value time more than money though both of us are earning combined close to 3 cr yearly. We believe have limited time on earth and want to enjoy and make use of it as much as possible.

Post retirement focus will be travel within India and outside india 2-3 times a year.

Can we do that?

Details -

Married. Both close to 37 years, no kids, no plans to have.

2 flats in Bangalore close to - 4 cr
Indian stocks and Mfs - 2 cr
Other cash and retirals - 1.5cr
Stocks in US - 6cr

Total - 13.5 cr.

Current annual spend - 24 lakhs per year

Parents are retired and dependent on us.

If we can work close to 2 more years we can save another 2/3 cr but lately it has been very hectic and we are seeing health implications because of that.

What net worth makes you feel comfortable splurging on a 5cr Ferrari/Lambo or a 3cr Porsche?

https://preview.redd.it/57340pthbhjh1.png?width=596&format=png&auto=webp&s=264a3f0c3655c3fd7b2ba561d409d75e12443e98

Few key things for consideration

• Equity portfolio (90% in Indian stocks) finally reached USD 1Mn mark. Took longer than expected with market being flat and rupee depreciating.
• Want to atleast double equity porfolio in the next 12 months equal parts by deploying cash from 1. Income 2. FD 3. Cash in Hand
• Property portfolio entirely in India and largely in land which has appreciated well over the last 5 years. Not planning to touch it or add to it.
• Annual Income around USD 400k + bonus roughly USD 150k. Live in a no-tax country and so no tax being paid so far.
• Planning to move back to India for being a bit closer with parents and for kids' education.
• Current company may offer flexible working (they know I am a workoholic and work all time anyway). I may have to spend a week every month onsite but that is manageable. Problem is I will be come tax-eligble in India.
• Monthly spend in India would be 4-5lakhs all inclusive including foreign trips
• Kids have 4 and 8 years left in school before they go to college

Questions

• How close or far am I from actual Fatfire?
• I actually don't want to retire but want to work in my terms and less stress. Current company may offer that flexibility but tax become an issue. Also it may not be sustainable for ever as things change.
• If I move to India in 12 months, I believe moving to equity is probably best strategy as the tax is the same for both NRIs and Residents.
• Money in FCNR or FD which is currently tax free will all be taxable and bring more complexity. Given that not sure if I should use this leveraged FCNR play
• How do I maintain an investment portfolio outside India in USD without being taxed. Need this for hedging currency bets, diversification and for kids education later.

Lets say this is for international flights and airline is any of gulf airlines or Singapore where business class is indeed worth it.

US based. Mid 40s. 1 kid.

401k - 1.3 mm usd

Brokerage - 300k usd

Home equity - 600k usd

If we were to return now, the amount would include selling off the house. $2.2 mm usd - taxes.

In India - Paid off home in Hyd (will be primary residence) + Rs. 1 crore in funds.

Assuming 3 lacs per month expenses, is this Fatfire territory?

P.S: Kids college education will be from these funds.

Not here to flex - genuinely trying to figure out if we qualify or if we are fooling ourselves and need a few more years of grinding. Please tell us straight if the numbers don't add up.

• Currently in US - 35M, 35F. No kids, not planning any
• Net worth: ~$1.75M
  • Brokerage (liquid): $1.3M
  • 401k: $450k (not touching this until 60)
• Own our 3BHK apartment in a Tier-2 city in India, close to parents.
• Parents are financially independent
• Estimated expenses: 2 lacs monthly living + 12 lacks annual travel expense - so around 36 lacs annual expenses
• Planning to reset cost basis on the brokerage during the RNOR window after moving back, so ideally no capital gains tax drag on that portion.

Also genuinely curious if anyone here has gone through the RNOR cost-basis-reset process for a US brokerage - how clean was it in practice, and is there a tax gotcha we are not seeing?

Does this clear the bar, or are we not close and need to keep working? We are not attached to a label, just don't want to fool ourselves into pulling the trigger too early?

Hi folks, wanted honest opinion on whether am I ready to finally look at next phase of my life by quitting corporate and start following my passion projects. I have been burnt out and have been working continuously for last 2 decades post my mba and my priorities have shifted considerably in last 4-5 years. I am looking forward to spending time with my growing son and be there for my parents in their golden years.

Now let's into it

About me
Age 41, wife working ( maybe another 2 years) , child studying in 5th. Residing in gurgaon ( expensive city)

Monthly income from salary - 5.5L (4 me + 1.5L wife)

Monthly income from dividends - 0.4L

Parents non dependent - dad gets good pension

Annual expenses - 30L p.a including all possible expenses of insurance , travel etc

My Corpus - 7 cr as on date

Shares 450 L ( includes 50L ETF marked for child higher education) , Mutual funds 100 l, Pf + Nps 100 L , Ppf + bonds 20L, Emergency funds ( liquid + arbitrage + savings account) 30L

Other Assets ( not counting in Corpus) - Own house + 2 cars + Gold (50L value)

Ansestral corpus - 3cr shares and 2 cr worth property expected in next 15 years . Total 5 cr value right now

My timeline is next 6 months to get my asset allocation right and then take the sinful plunge. Im planning this for a while to almost romantisiing this now and would appreciate honest take and criticism in my plan. It would help me to take corrective measures

P.s - I have tried a less demanding job with lower pay but that plan is not working out

Thanks in advance folks

I’m looking for some serious perspective and financial advice from folks who have either done the US-to-India reverse migration or are planning a strict FIRE (Financial Independence, Retire Early) setup.

​Here is my current situation:

​Age: 32, currently living in the US and working as a Software Engineer. No kids yet.

​Current Liquid Net Worth / Savings: ~$500k USD (invested primarily in US markets/brokerage accounts).

​Real Estate & Passive Income (India): I own my primary flat/residence in Pune + a few rental properties in Pune generating around ₹1.5 Lakhs per month net rental income. I also have a home in my hometown

​Family Situation: My parents are fully retired and live in Pune. They will be under my financial umbrella. No kids yet, but plan to have them post-return, so future child-rearing and education costs need to be factored in.

​The Goal: Move back to India permanently and never work a corporate job again.