Watch: From US to India After 16 Years: Financial & Career Transition Planning

3:30 Pretty successful career there and you know with the interesting domains you know especially on the financial sector Tech sector and especially with the management Consultants so with that said so you have a pretty successful career and you've been in us for 16 years I understand I think you have the intent to you know move back to India so maybe if there's anything that you can share like you know what's the you know the driving factors or for how long is that that something that's going on in your mind or something that you have been considering so maybe we can dive a little bit more into that specific topic yeah sure I think just to I mean I think the context probably would help a little bit I think as said I think I came back in Us in 2008 I was in mid-20s the only thing I wanted to do in my life at that point to have a successful career and make as much money as possible and I think us was a perfect Perfect Choice at that moment now been here for last 15 16 years

4:32 I'm almost tou touching 40 and I started contemplating what's next for my second half of my life at this point so so why why there is an intent I think to be honest I think when you talk to people who have already moved or who are planning to move they probably will give you the same similar answers but I think I think one of our biggest reasons at this point is around uncertainty and and some of the immigration challenges that we face while while we are working on visas regardless whether we've been here more than a decade at this point but we still are in the employment backlog chain there is no near future site that we would get a green card which at some point I think it was okay in my early stages of my career but now I've been doing this for last 15 16 years I always ask this question and me me and my wife said talk like do we really want to be in this situation

5:32 Where if something God forward happens and then we have to wrap up everything in 60 days and go back because that's how that's how the policies work right so if you don't find an employer within 60 days you have to move back again now with a son being almost 80 years old we have a we have all our lives settled moving back at that point seems like a very very bad way to end everything what we have done so far in the US and and go back why not we start planning around that instead of just waiting for that moment to happen but so I think that's that's the main triggering point and I think what happened drastically in the last couple of years during coid U Back when it started when everyone started working from home The Firm that I was working for they were going through massive reorgs layoffs luckily I was not part of the list but I think every three months there was an new list coming out and people were getting laid off and it was a highly stressful time and at that point and I think that made me start thinking whether all this staying here

6:34 Or worth it U whether you want to make more money is more important at this point versus having a little bit of a sanity and stability in your life so I think that that triggered the conversation between me and my wife and I think we spoke about like all the different factors that you can think of why moving to India probably is better for us as a family than staying back in us but I I do want to give a little bit of a disclaimer I think I'm not bashing us I'm not proing India I think it's it's it depends upon it's very subjective I think depends upon on the priority where what what takes more precedence than the other I think for the first 10 years of my career I think us was the perfect choice and I think I still I'm still glad that I made that choice but now if you think about it I think things have shifted so much in last four or five years earlier professionally if you have to move back to India there were not many opportunities or at least not many high paying opportunities

7:34 Now that that bridge has opened right I think I've seen a lot of folks who are making that decision because they can go back they can have a very similar career and make decent amount of money and have a very similar lifestyle or better lifestyle in India so so I'm hoping with the company that I am with at this point I think whenever I make that decision I can that company has a very big presence in India and I can probably move back if I need be at that point and do an internal transfer but again I think that time will tell if two to three years from now I will have or we will have the same thought process but again I think those were the triggering points and now there are some opportunities available in India that can make that that make us make that move happen for us and I think the last point I really want to emphasize on is for me I think I've been working for last 16 years at this point do I really want to continue this life for next 20 years of my life I mean do I want to

8:34 Work in check for next 20 20 years of my life I think the probably the answer would be no and I think the check is moving so fast at this point and I think artificial intelligence llms and all those coming all those things are coming our way we don't know what the job profile will exit what kind of a job profile will exit right so so I'm I'm I'm also contemplating on that fact too do I want to be in a position where I continue to live in us for the longest period of time and wait for my turn to come or move back and and and have a little bit of a stability no immigration issues and then also in India I think one thing that's extremely extremely favorable at this point is ability to Achieve Financial Independence lot sooner than us right I think if you if you are fortunate enough to be in US make all the money in dollars you can take that money back in us and achieve the financial Independence sooner then what you probably would be able to do with in in us which doesn't mean

9:34 That I'm going to just just take all the money and not work in India I mean I would want to work in India but at least I would not I would have an option to do what I want to do or take a little bit of a break sabatical if need be or start my own company U whatever that would be but again I think India gives me those options which unfortunately at this point us doesn't get me yeah so

9:58 Thanks a lot for sharing and providing that context right I mean as you rightly said you know you wanted to be well prepared you know irrespective of whatever that you know a situation can occur where you know from an immigration perspective or whatnot and also like how things have changed in India and you know kind of rethinking that into a perspective in your decision process so sounds like I think you know you have the intent and also like some timeline in mind I think you know whatever it could be in this future and I think you kind of touched about couple of points there one is I think you have the flexibility to do different things like an internal transfer start a startup or you know take a sabatical you know explore a few things the other one is also maybe are there certain Milestones that you're kind of looking at you know before making the actual move I mean the intent is there I mean you see the the differences kind of narrowing it down between like the lifestyle or the kind of high paying jobs in India but in terms of that

11:00 Actual move I don't know if there are certain Milestones that you are planning to you know achieve before making the actual physical move so is there anything that you can talk through in terms of that milestone in your planning process I think that would be helpful maybe it could be on the financial side or on the career side or on the family side anything that you can talk through I think that would be very helpful for the audience yeah sure I think I think let's start from the family I think to be honest I think on the family side I don't have a milestone but I do have a deadline I have a eight-year-old I mean I don't want to push this timeline further enough where my son is a teenager and I think at that point it would be extremely unfair for him to take his life from here and settle in a new country I think in our thought process at this point I think we're thinking I think we have a two to three years of window where we would want to make this decision and probably it would be less unfair for him to go back to India and and settle in but I think the good thing on that side I think last

12:01 Time when I visited India I actually went to a couple of schools I think there a lot of good international schools options at this point available for kids like him so I'm less worried about that deadline but again I would want to get that done in next couple of years if I if I do want to proceed with that idea on the second thing on the second side I think professionally I think is is the I think I'm extremely happy what I'm doing at this point I'm extremely happy with my employer I think think if I get an opportunity to do an internal transfer with that employer I think that would be my number one preference now I think I'm not seeking any internal transfer at this point but I think when the time would come if at that point the option is available I think I think that would be one of the Milestone that I would want to S to last which is totally in my control I think is more around financial planning so I I spent majority of my professional adult life in us I don't have any Financial assets in India at this point yes I have my parents my brother my

13:01 Wife my wife's parents and everyone but I think at this point our my thought is that I'm not seeking any financial help from either of our parents at this point so whatever I need to do to settle down in India I would have to plan accordingly so what that means is buying a property buying a house or whatever we agree upon at that point setting up that house buying a car whatever those one time expenses are so I have some numbers in my mind depending upon where I would want to settle so I think that's my number one goal from the financial planning perspective I and the second which I would I call is bucket a of all the money that I need immediately when I land within six months to settle there second is the bucket B and I think I touched upon Financial Independence a little bit earlier I mean I do want to if in if everything works out I do want to be in a position when I want when I go to India I do have an option to pick my career or the pace of the career as as as I would like for that I'm I'm I'm

14:02 Thinking about I'm reading a lot about fire I mean I think everyone probably is very active on those kind of conversation these days which is financial Independence retired early I'm not very interested in re part I'm interested in fi part which essentially makes you financially independent in a way that you can make your career professional choices the way you would want and you don't have to be tied to your corporate job if you don't want to because I spent as I said I spent 99% of my professional career here once I move back to India nobody I mean I can't tell whether I would want to continue working in that environment what if I want to do something else so there is a there is a thought process and I'm happy to dig deeper what my financial Independence or what what what that number looks like and how I came up with that number from the India context perspective but I do have that number so that's what I call bucket B right so once from the financial perspective once I meet that bucket a plus bucket be and then the other two things that we talked about in terms of moving

15:05 Sooner than later not spending more than three four five years here and then getting an opportunity to do an internal transfer so those are the three mons that I I have at this point but again time will tell how soon I can read those S lines this point but planning is

15:21 Always the first start and you know things would happen yeah so thanks for providing the context of all is you know the key Milestones on the different aspects of the move maybe let's I think dive a little bit more into this financial Independence because that could be a very interesting topic to a lot of people who are considering that option and as you said especially for people who have earned in the Western countries and that feasibility of having that Financial Independence is much higher when they move to like a lowcost living country I mean again you know the inflation is much higher in India but at least it's not like the cost of living is way way way better compared to the Western count so with that said I think there's a lot of people who have that in in in their consideration so if you're okay I mean let's dive that into a little bit like you know the number like you know from an Indian context how did you come up with some numbers and what's your perspective so it would be good to get a little bit more details if

16:23 You're okay to share that oh yeah sure I'm I'm actually

16:27 Really excited about this conversation because I read a lot about this from last couple of years because again I think and the reason I I started talking about this a lot with my friends and colleagues in the last couple of years because when you have this thought whether you would want to be whether you would want to do corporate job for the rest of your life for most likely the answer always comes in my mind is now and if you don't want to do that then what you would want to do is you want to make sure that you have enough financial stability in your life that can that can give you an option not to should pick that cage job for rest of your life so interestingly I think when I started talking about this or started asking people around me so there were like three different types of answer I got one when I asked them hey what do you think how much money you need to quck your job today and do nothing and most likely the number came out was extremely absurd like if people were in us they was throwing out number like 5 million 10 million some actually threw

17:27 20 million depending upon where that person says like I I know this guy who is in Bay Area and he wants 20 million before he to retires and I I spoke to a couple of folks in India and they had like 20 cres 50 cres whatever that number is which kind of didn't make make sense because I kind of understood what kind of expenses they have like if you're spending 100K every year you don't need 101 million to retire H that's a simple math but again I think we'll come to that the second category of the people were well I need 2 million or five because my expenses are one lakh and how you going to get those one lakh I'm going to put those five in fix deposit my interest is going to be 5% that's 25 LS I I'm good for that's again a very conservative approach people are not thinking about inflation what are the nominal Returns what are the real returns so that again didn't convince me that it's the right approach and the third category of the people were like why are you even asking this question well I me

18:28 Aren't we supposed to work till 60 I don't think that's an option to retire early at this point so so when I when so these were the majority these were like a 95% of people that ask spoken and their answers were like in one of these three buckets which kind of didn't align with what I was looking for when so when I started raing digging deeper more and then at that point I I stumbled upon fire F which basically is financial independent retir that you can figure out or you can achieve Financial independence by choosing none of any of the these three options which basically means you need to come up with a portfolio if that invested wisely can give you returns that can be sustainable for life right so essentially that's the definition if you think about it in very high level terms so there was a research that was done in the US couple of like not couple but decades ago what they call Trinity study which I'm probably you aware of is 4% withdrawal rate people talk about that all the time that if you have a portfolio of as an example

19:28 Cores you can withdraw 4% which is what 25 lakhs whatever that number comes out to be or 40 lakhs sorry and and you can withdraw that 40 lakhs for the rest of your life and you're good to go you don't have to do anything about this and you don't have to work for the rest of your life but again I think that that study was done for us with some assumptions made one that the person who's retiring is not an early retire that person is probably in late 50s or early 60s plus they were getting retired in US Which is far more staed and developed economy so and also when I started reading recently within us also I think now they're saying with that 4% might actually be very optimistic and now they're targeting 3.5 or between 3.5 and 4% so I mean if you take all that into account and if you go back to from the India context perspective and let's be more conservative and let's say well 3.5 and 4% seems too optimistic for India I

20:30 Think there is a number being discussed which is 30X multiplier which is nothing but a 3.3% withdrawal R right so so if you take that into account and say I can if I have 30X of my annual expenses then I can also Achieve Financial Independence in India right so what that means and let's take a use case here where we have a family whose monthly expenses are are one lakh their yearly expenses would be 12 lakh 12 lakh into 30X is what 3.6 so if you have 3.6 cores then you can achieve Financial Independence in India too now you can be more conservative you can instead of 30X you can do 40x whatever that number suits you but I think 30X seems to be an agreed number that I'm I'm here in different different forums at this point but I think what what one thing I'm seeing missing in some of these conversations is nobody's actually talking about inflation nobody's really

21:31 Talking about real Returns versus nominal returns and how your 3.6 portfolio needs to be invested right so if I if I take that approach and I put all my money in fixed deposit which gives me six% and India inflation is 7% I'm essentially getting a negative minus one return right negative one return at this point so my portfolio is not going to last 30 years forget about 30 years it's going to last less than 30 years right if you're accounting inflation but people don't talk about that part very much right in order for so as you study more and more and I think we can dig deeper but I think in order for you to withdraw any x% from your portfolio you want to make sure that your portfolio return minus your inflation is more than whatever you want to withdraw so that your Capital remains intact and your portfolio keeps growing by inflation with whatever withdrawals you want to take to so in this example if I want to withdraw % I want to make sure my portfolio will give me at least 10%

22:31 Because India inflation is 7% in this scenario so 10 minus 7 is three so if I withdraw 3% out of my 3.6 gr and invested in a portfolio that gives me 10% then theoretically I should be out there right so I think that's that's the that's the that's the theoretical part but it's extremely difficult to achieve that unless you have a good understanding of where you want to invest this money right so I'm a big big believer in stock market I'm big believer in index investment Index Fund investment I don't pick individual stocks I don't think I have the capability to figure out what stocks are better than the others I would rather be have a more much more passive approach in this so from the India context perspective if you have a portfolio where you have invested 60 70% in your index nifty 50 or Nifty next 50 and remaining 30 40 % and the other assets like debt fixed deposit then the

23:32 Combination of those two historically has given more than 10% and which basically means that your real return becomes more than 3% which you can DOD draw for the rest of your life without without touching your Capital and without getting worried about running out of money in your late late late decade of your life yeah so thanks a lot for sharing

23:56 Those numbers right I mean again I think it's very subjective to each and everybody's like you know first one is their monthly income I mean like monthly expenses sorry in terms of what is that they think that they would need not only at the time of when they're thinking of retirement but also in the future as the healthcare cost inflation could be much higher maybe where the kids are I mean in the different parts of it right that's one aspect the second aspect also is the longevity you know this 30 years because it kind of goes back maybe you know at 60 years you're retiring and then you have another 30 years to live live or whatever right or if you're like retiring early that number could be vary I mean again it's a subjective but I think the key point that you mentioned there was having the after inflation returns to be higher than your withdrawal rate so that way your Corpus fund stay intact and you have this flexibility to withdraw the money for your expenses and you can

24:56 Still maintain that lifestyle you know which is like an inflation beat you know beating that the Returns the returns are beating the inflations I think oh maybe I think the one question there I wanted to check in terms of I think you mentioned about bucket a and bucket B right so definitely there is this ongoing expenses which is much more like a recurring but also there is like a one time like you know the house the vehicle or it could be any different aspects of it I don't know if there's anything that you want to touch base on that but again this is like you consider that as a one time so that you don't have to consider that as a part of your monthly expenses at least you know from your planning if you're willing to share how are you considering or planning on that

25:48 Aspect yeah no I think that's a very good point because I think again I think as you mentioned I think the whole financial planning is extremely personal and subjective right I think what I call all what I put in bucket a versus bucket B could be very different from other people and they could and the other people could probably have more than two buckets or maybe one bucket depending on how they want to do the planning I mean in my in my thought process at this point my bucket a which is my one-time expenses include buying a house setting up that house U buying a car probably and then I also want to put aside some money for my child's higher education right so that's my bucket a I'm not planning to put at this point again this is very personal I'm not planning to put any extra money for my child's marriage as an example or a wedding so that's not in my financial planning at all but for some people like if they have children if they have daughters they might want to put some of that money in their bucket egg so I think that's

26:48 That's my thought process at this point and especially I think it's extremely important for people like me because a we don't have any Financial assets in India so I think the first thing that we want to make sure is that before we make that decision this bucket is sorted at least in the first six months because you don't want to get into the position where you're already in mid- 40s and you're going back and then you're taking a massive Loan in India for buying a property and then again getting into that rad phase where you have to spend like 10 15 more years to pay that loan and with the caveat now real estate in India is extremely expensive especially in last couple of years so I would highly encourage people to do very research where they want to be and it varies a lot between tier one and Tier Two Cities too right like cities like Delhi gam Hyderabad Bangalore are massively expensive at this point so the numbers probably have looked a lot different today to be honest which the number that I had a couple of years back because of this massive real estate

27:48 Inflation U but I think going back to the recording expenses that's again I think it's extremely subjective but I think one thing I really want to emphasize on two things one when we talk about our monthly I mean we took a use case where we said one lakh per month an expense for a family right when we talk about one lakh I mean not all that one lakh is your needs right we we have we need to be very cognizant of the fact that some of that money is very essential to survive which what I put that into a need bucket and the other side of the money is good to have right like shopping eating out ordering traveling like all those kind buying Electronics whatever that is that's not I mean that's good to have and that's what I call in one bucket right so and let's again from a very Simplicity perspective in this particular example if I say out of that one lakh I need

28:49 Absolutely I need 50,000 per month to survive because if I don't have 50,000 I can't run my house I can't feed my family I can't do the essential things rest 50,000 Rupees is all for once right shopping traveling whatever that is again this 50-50 ratio could be very aggressive it could be 75 25 whatever that is the reason I'm emphasizing on this point a because what happens is we get so fixated with this whole withdrawal rate yeah right that hey I can withdraw like 3% every year well you're not going to withdraw 3% every year if the market does not do well in your previous year you don't have to withdraw 3% you would in this case 50% is your need so I would not withdraw 3% I would withdraw 1.5% because I know Market just took aead I'm not going to take 3% order of it but I would want to survive for the next year so I would withdraw half of the money that I need because that is good enough for me to survive right and similarly if the market massively does a better job you can always add more than more in your one pocket right depending upon what

29:50 Your calculations looks like but I think people really don't talk about this much so I think I really want to focus on that because it's not a systematic withdrawal rate it's not fixed withdrawal rate it's a dynamic withdrawal rate and you have to evaluate every year depending upon what Market did and what money and what is important for and the second thing I was talking about real returns right and inflation adjusted returns now and I gave an example where I'm probably more I'm probably okay with having a little more risk profile in my portfolio which basically means 60 to 70% stocks and 30 40% debt and fix it which gives me 10% theoretically return but if you're not if you don't want to do that and if you say hey Ro I'm not I'm not going to do that and there are a lot of people who probably say I'm GNA just do 100% debt or 100% fixed deposit then you have to think about what what that real return looks like if you if you look at the numbers at this point debt gives you 7 to eight% right and your inflation is

30:50 Around that point so that means your real returns are 0% and now 30X number is not going to work for you right okay now you need 40x or 50x whatever that time Horizon you're looking at if you're 40 you want to plan till 100 or 90 then the 30X number is not going to work for you so I think so risk profile is extremely important so how do you invest your portfolio is extremely important and also have a very good understanding of what on your expenses what your needs and wants are that can also help you understand how much money you need for

31:20 Sure because every year is not the same I mean these are like the average returns that you can see on a decade right so you know there will be some fantastic years there will be some years which is not that great and you can't have this fixed rule that I'm just going to withdraw this much of money so with that said if you are okay now that you have that intent are you like investing primarily in the United States or are you diversifying or how are you considering even to get to your Corpus fund or like you know the savings right are you primarily focused only in the US or are you diversifying between us and India if if you're okay to share again I think you know people might be in the same bucket right I think you know they might be considering how they should plan if you're okay if you can share that I think that would be helpful sure yeah I mean at this point I'm 100% us I'm not investing anything in India and I think my again this is just my thought process is that I think I have an advantage of

32:20 Investing in US Dollars which is a stronger currency and there's a if you think about I think there's a three to 4% markup every every year happens right I think the what that means is rupe loses three to 4% of its value against dollar every every year right historically if you look at it at this point so I am not looking to invest in Indian rupe or Indian market yet but having said that within the US I'm not 100% whatever my stock portfolio looks like at this point is not 100% us I think I have diversify x% in US versus x% in emerging markets and emerging market Market by default covers I think the challenge of I have and I think probably you would understand this too is when you invest in US you have an option to invest in your retirement accounts which is your 401k and IRAs and hsas and all those kind of good good stuff and also you have an option to invest in your regular taxable brokerage account so at this point I think my investments are in

33:21 All of them right so I have decent amount of investments in the retirement in the for 1K and I have de in the tax table I think what I'm trying to figure out at this point is how to evaluate how much money I can take from my retirement account before my actual retire age comes into the play right so what that means essentially is whatever money I have in my non-retirement accounts that's easy I mean I would probably in my first two years of move in India when I had that RN o r status I would move all my assets to India and probably use that for my bucketing which we were talking about which is basically buying houses and setting up house and all that kind of good stuff but again I think the other bucket which is your monthly expenses or recking expenses I need to figure that out with with an assumption at this point that let's assume that I don't work in India at all then so I'm I'm still figuring out what that

34:22 Would mean I think I've done some research in terms of how can I use my 401k convert that into IRA and maybe to take some systematic withdrawals from Ira convert them into Roth and take that Roth money to India but again I think there are a lot of tax implications in this so and I'm I'm learning and digging deep more every day on that I think that's one part of the puzzle that I haven't figured that out yet but again again that's another cautious I would do but when when I started planning for this I underestimated the tax tax implicational tar retirement accounts especially when when you want to use that money in India and not and when you want to use that money in India before your actual reti if you want to do it after retire AG probably it's not going to be that complicated but if you want to do it before you turn 60 or 59 and a half whatever that retirement age is yeah you you want to make sure that you account for taxation on both countries

35:22 Yeah so again thanks for sharing that so maybe couple of points that I want to add on from my perspective on this conversation I know I think your personal preference is to invest in us which is what I have done even before moving but one thing I think what I can tell is especially on the real estate inflation right especially in the thir one cities if you have any intent it might be something worthwhile to look into investing that even before moving right in the sense that because the inflation there you're looking at much higher rate even after you consider after the deflation right for example the depreciation of US dollar to INR even when you take that into consideration the investment in the real estate could be a different different profile if you do it early that just one point that I wanted to add on again nothing to do with the stocks nothing to do with the regular investment vehicles only on the real estate because the inflation is just so high on that particular asset

36:23 Class in India even after the depreciation of the rupee to US dollar it still could be a better option to consider that so it's something worth exploring for the people who have that intent that's one point I wanted to make and the second Point as you mentioned especially for the retirement accounts there's a lot of this tax planning that's required I mean it's not as easy as you can withdraw because there is a penality and I think as as you're mentioning you know the RN o status right residents not ordinary resident so especially this is something that you can Avail especially if you're living outside India for 10 years and you're eligible for this particular status for 2 years or 3 years depending on the timing of the move the good thing is I think the global income is not taxed in India so that is the beauty of that RN status but in the 401K funds like our irf funds you know you would pay the 10% penalty but because you are not working in us for example you don't

37:24 Have to pay a higher tax bracket you know and also you would be in advantage in India so you don't have to pay taxes for This Global income however after the Ron our status if you try to withdraw to maximize the tax savings in US you might have to pay taxes in India so that that's one aspect the other aspect is Roth IRA even though us considers the Roth IRA which is the tax free growth of your investment however I don't think India considers that as the same way like you know that's I think another gray area where you know from if you're living in US you can plan it as like when you convert to Roth all the all the growth on that is taxfree which is awesome right but however if India is not considering that and you have to pay taxes that does not give any advantage from a tax planning perspective so I know there are some gray areas how India treats the RO accounts and you know is it better to withdraw the entire amount if you don't have any intent to come back to us or do

38:25 You want to withdraw later I mean it also depends on if the kids are planning to come back to us for study maybe you can use for that at the time so there are these lot of things which are very subjective which are very personal to consider how to plan for that I just wanted to mention those two points just so that I think audience have a different perspective to to the points that you mentioned there no no those are very good points and I think I've been thinking about that for a while and I think it add to the complexity here I think we it's it's just not 401K IR not Ira I think we have an HSA account I have my for my son I have a 529 account so I had to figure out all that kind of stuff like how what what makes more sense and the I think the other challenge I'm thinking is that r r o is a temporary status right it's one to two years depending upon like how long you've been out of the India but I think depending upon my situation I'm guessing it's going to be two years for me but within those two years if you want to move all your funds from us you essentially have to liquidate them you

39:26 Had to sell all of that and have to you have to bring that money to India but now within those two years period of time who knows how the market would be exactly right right so I mean it's a massive amount of it's a massive amount of judgment that you have to do at that point whether it makes sense and again as you said even if you don't do that you have to evaluate and compare like both A and B options which makes more sense and which are more tax efficient whether you keep it there take as you said 10% penalty and then take the money out or when the time comes to take it out at that point and then pay taxes in India so yeah so I think that's that's the part of the puzzle I think I fig that out because that's an extremely important part of the financial plan yes yeah definitely So yeah thank you very

40:13 Much Rohit for getting lot of details in the financial part of the planning like how you are considering about that Milestone for the move I know I

40:24 Think we have covered quite a few things on the planning side is there anything that you want to communicate or tell the audience that we haven't covered as part of your plan to move back well I I mean I mean the only thing I would say is I mean if there is an intent I I would really dig deeper why why there is an intent and why you want to move back and depending upon your situation how old are you what's your family situation do you have children to have any family members in us or not I would really emphasize and start spending more time talking to your partners and figure out whether what what's the right move for the next couple of years going to be because as we talked about a couple of things this requires massive planning and especially for people who've been here for more than 10 years well if you came here for like two or five years I think it's probably from financial planning perspective it might be a lot easier but if you spend majority of your career

41:24 Here it's going to take good amount of time so I would I would give at least two to three years to figure all this out before you make that decision

41:32 Completely agree I mean I can tell from my from my personal side I moved to us after education right so I never worked in India so I don't know the financial system there the taxation the tax planning all I know is pretty much in us so it's almost like you are starting a new life or like learning all this you know how to navigate through this I mean so it it's definitely lot of thinking and planning that needs to be done especially on the financial because you're more aware and you you know the system much better because if you been living in us for almost more than 10 years you know the system very well but in in terms of like the double taxation the tax planning the financial system in India that's another new process that you have to learn and also work through how to plan the move accordingly yeah and I think one other thing I I'll just a little bit of PR cautious is that I speak to a lot of people who've been in us for last 10 15 years and I think this number has grown up significantly large in the last

42:34 Couple of years due to coid and massive layoffs that had happened in our industry people are extremely scared extremely frustrated with their jobs extremely unhappy with what they're doing and by default the only option in their mind comes is well let's just move back and let's just leave this corporate life and let's just start from beginning I would be very cautious of making that decision because then you're just running away from one thing to another I think if you want to go back to India if you want to move back to India toally think about why what is the rational behind you want to move back to is it family is it professional career is it Financial Independence whatever that is but just don't make this decision if you're just unhappy in your job I think you can always find another job or you can move to another Western Country like put those options ahead of before you make a decision of like moving everything from here to India because I'm seeing that Trend as well yeah that's very fair point and I think if possible and if you have the flexibility with the work it's better to spend a month or two living in India not like

43:36 Visiting India like you know just rent a place you you understand the day-to-day stuff but I think it's a very important point just don't make a hasty decision that you're moving from this problem and you know there could be it's not a well thought of move and it might not land successfully or it's not a soft Landing yeah yeah yeah and also if you have children I'd highly suggest go visit the schools in whatever City you're planning to retire or whatever plan you City you're planning to move to there are massive I've seen drastic changes in school I think I remember my school days which just 20 years back now the schools look very different they have a very different curriculum there are international boards there are different types of board that can created depending upon what what the requirements are and take your children along with you let them see what the school looks like let them absorb I went to a couple of international schools I can tell that I'm I was a little more confident that my son can actually be a little more less unsuccessful in that kind of an environment versus if I send him to like

44:37 A CBS again this is my Approach but again I think that's another important factor that you would want to evaluate for sure definitely everybody in the family has to be happy with the move yeah exactly yeah yeah it's not about us it's about everyone right yeah so yeah I I think

44:57 That's a lot of valuable information there Rohit is there anything that you know we haven't covered anything that you wanted to highlight before we wrap up no I think we covered a lot of stuff so a again thank you for thank you for setting this up I'm I'm hoping some of this would be a valuable information for folks who watch your channel good luck with everything in future but if there are any comments on this video when it gets live if we need to dig deeper I'm happy I'm happy to have that conversation yeah thanks a lot rooh for taking your time and providing the valuable information regarding your planning or your intent to move and how you're planning about it I know different people are in these different phases so I I definitely feel this could resonate to some of the people some of the audience who are in the same boat and I really appreciate you taking the time and based on the feedback from the audience if needed we can do a followup you know conversation on that specific topic and thanks again and have a great day you

45:58 Thank you byebye thank you all for joining us on this insightful journey of Dy return if you enjoyed this episode and want to explore more stories and expert advice make sure to subscribe and hit the notification Bell don't forget to leave a comment below with your thoughts and experiences by the way check out the links in the description below for our Facebook group and social media for updates and engaging discussions as well as connecting with fellow the wrers thank you once again and until next time may your Des journey be filled with joy growth and endless possibilities