Retirement Corpus(money) in India at 40 or later|nri dilemma
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- čas přidán 9. 02. 2023
- This video and channel is about the my experience as NRI who lived in US, Sweden, Denmark, Philippines and visited couple more countries however finally decided to come back and settle in India with my loved ones. Mostly i am covering my background, Reason for moving back, how did I planned the move, reasons for going abroad again after living in India for 3 years, Career transition, Kids social life, Advice for the future aspirants and finally experience in India.
✅ My Mission.
My mission is to provide support and guidance for Non-Resident Indians (NRIs) who are considering or planning to return to India. I am trying to help people who are in dilemma and provide suggestion based on their situation. We as Indian has shared dream to make our country as best place for their citizens as well as for expats. I share informative and engaging content about frequently asked questions related to finance, culture, job opportunities, real estate etc.,. My goal is to help you make an informed decision about your move to India and to ensure a smooth transition back to your home country.
✅ Stay Connected With me.
Follow, Chat or Talk with me on Instagram: "hemantdubey79"
Follow my CZcams channel: @hemantaim / @hemantaim
OCI related information: ociservices.gov.in/
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Below are Important videos links about my journey from Dilemma then making decision and reaching India which will help audience in making decision about return to India or migrating from India.
NRI dilemma | Regrets in later phases
• NRI dilemma | Regrets ...
NRI respect in India
• NRI respect in India |...
NRI depression and Vacuum in life
• NRI depression and Vac...
Trigger point to decide return to India
• Trigger point to decid...
Top 10 reasons why I came back to India
• Top 10 reasons why I c...
Kids Thinking About Moving to India?
• "Kids Thinking About M...
Kids adjustment issue after shifting to India and Solutions
• Kids adjustment issue ...
OCI kids education fees and quota in India
• OCI kids education fee...
OCI card benefits and limitations
• OCI card benefits and ...
Retirement Corpus(money) in India at 40 or later
• Retirement Corpus(mone...
Retire at 40 and settle in India| retirement for NRI
• Retire at 40 and settl...
Total Monthly expenses in India(conclusion)
• Total Monthly expenses...
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#hemanthdubey
#returntoindia
#oci #ocicardfornri #ociprocess #ociadvantagesinindia #OCIcard
#returntoindiafromusa #nridilemma #nri #movingbacktoindia
#backtoindia #MoveBackToIndia #NRIReturnToIndia #NRIReturningPermanently #NRI #ReverseMigrationToIndia #ReturnToIndiaFromUSA #ReturnToIndiaAfterLongTime #BackToIndiaAfterLongTime #NRISettlingBackInIndia #ReverseMigrationInIndia #MonthlyExpensesInIndia #MovingBackToIndiaFromUSA #ReverseMigration #MovingToIndia #NRIWeakDecisionMaking
#indianculture #Careers #nri #india #careers #desi #startup #backtoindia #indianculture #Careers #nri #india #returntoindia #startupindia #layoffs #financialfreedom #culture #careertransition #taxplanning #CareerInIndia #FamilyInIndia #FinancialFreedomInIndia #IndianCulture #FinancialPlanning #ITRForNonResidentIndian #NonResidentIndianAccount #NonResidentIndianBenefits #NRIAccount #NRIAdvantagesAndDisadvantages #NRIAccountMinimumBalance #ResidentIndian #nonresidentindian #StartupInIndia #IndianEconomy #StartupStories #MoveBackToIndia #ReturnToIndiaFromUSA #nrilife #nritales #backtoindia#FamilyLifeinIndiaandInsights #Desireturn
"Disclaimer: This Video or podcast represents the opinion of Mr. Hemant Dubey and his guest on the video/podcast. The content here should not be taken as theoretical facts as it is the experience of Mr. Hemant Dubey or his host who has expressed to provide better perspective while making decisions. The content here is informational purposes only and as each person is so unique so please use your own research and knowledge while making any decisions."
Copyright Notice: This video and my CZcams channel contain dialog, music, and images that are the property of @hemantaim You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to my CZcams Channel is provided.
Now I have more knowledge about personal finance. I just subscribed to your channel. Big ups to everyone working effortlessly trying to earn a living while building wealth in this recession. I’m 45 and my husband is 51, we are both retired, no debts. We are planning on relocating to Thailand. We are currently living a frugal and financially savvy lifestyle and generating passive income even during this recessionary period. Our commitment to saving and investing in the financial market has enabled us to maintain this lifestyle and continue earning monthly passively through investment!!
Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties.
No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with Claire Martha Magalhaes to create a long-term investment strategy, and she assisted us in managing our investments while we focused on my jobs without any concerns.
Thank you for your advice. It's challenging to find a reliable investment advisor here, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.
I work with *CLAIRE MARTHA MAGALHAES* ,who is based in the United States. If you would like more information about her, you can conduct a search online. She even got featured on CNN recently.
Maria, Thank you for talking about your financial consultant. I will definitely look her up and try to get in touch with her. I have realized that relying solely on CZcams videos and attempting to manage my finances on my own hasn't been very effective.
Great work sir, you have addressed it in such a friendly and simple manner, yet touching every single major issue with your expertise.
I am a young professional doing my masters in Germany. Being a single child this series will definitely help me in the future.
Well Explanation, very grounded contents. Thanks Hemant
Thanks for giving clarity to the people who are unable to decide
Very informative! It was just by chance I found your videos and I’m getting answers tor so many doubts I have but in my mind.
Beautiful and informative video, Hemant sir
Excellent!! thank you for this!!
Thank you sir. This content has been extremely helpful for me
Thank you for your ground research and style of commentary.
Best regards, 🙏❤️
Great videos. Keep them coming.
Thank you for making these type of videos. Its helpful..
I am 27 years old and running a business in Australia. Every 6 months, I visit India. I am planning to move back permanently when I am 40. Thanks for the inspiration.
What is your business?
I have disability services business in Australia.
How much u can earn per week in Australia?
Thank you Hemant sir for this informative video. You are doing an excellent job sharing your perspective ❤
Thanks buddy
Excellent suggestions. Thanks for making these videos and bringing clarity to people Hemant.
Thanks buddy
Awsome quality content. Love it. Keep up the good work and keep the videos coming .
Thanks
This is my favourite topic ..plz make more videos like this ..keep up the good work.
Sure
Sir, Amazing video. Please make more videos on Financial Investments. Thank you for Sharing.
Great work Hemant..
Thank you for making these videos. These are very informative and realistic. So much better than other financial videos I saw. Thank you
Also the voice quality is good.
Thanks buddy for motivation
you’re doing a good job 🎉
Thank you for your video. Break up you did surely give approx idea the way one has to plan.
Thank you hemantji it look like u were telling my inner voice
Thank you Hemant ji fir sharing your experience ❤
Thanks buddy
Nice insight❤
Thank you for sharing your time and your information and your interest in this project of life.
Thanks
Thankyou for this informative video and putting your time and efforts in making this! Glad that I came across your videos about NRIs moving back to India. Feel like someone is speaking my mind. Thank you for giving the clarity to my thoughts and your videos help a lot in planning and prepping 🙏Keep up the good work 🙂
💕💕
thank you sir.. thank you so much sir..
Audio is good enough. Good video.
I think the best way is to find a remote job that pays in USD or in Euros while staying in India.
Audio is good. Good insight
Keep going. Voice quality is good.
Great video, just two feedback : Please rework on the thumbnails and second if you can add the figures on the screen it will be easy for a newbie to related to the video. Keep up the good work !
Very well informed video. I am not an NRI, i work in india only and i view your video for knowledge. Thanks
Thanks buddy
Thank you very much for the video.
Thanks buddy
Great content keep it up !
Thanks buddy
I am living in london - have similar doubts. glad someone is touching the topics
Thanks
Very good content 👌 👏 👍
I like your videos, you are a level-headed individual.
Thanks buddy
Thank you for making such videos, very helpful. Please answer my question or make video if possible.
What are options for someone who becomes us citizen after naturalization and now he or she wants to move back to india with OCI card and keep remote job from USA?
Please reply. Thanks in advance!!
Great videos!
Thanks buddy
Your videos are really good. keep it up.
Thanks
Very well explained
I appreciate the effort but I think the numbers are too low whether it’s corpus or the retirement scenario. But it’s a good effort and thanks for posting
Sir, I am from India, even if you have a house and you want to retire at age 40 with 2 CR.. Not going to happen. If you have 2 Kids, you need 4 CR may be (no one actually can tell, but 2 CR is on shorter side). You need more for your retirement, kids education and marriage. I know many would say that we will not spend on kids marriage, but in reality there is no escape. Please earn well and come back with good corpus. Irrespective of coming back from abroad or being here in India, DO NOT retire with 2CR at your 40. You will get a rude shock later in your like..
Very good helpful videos just I share to my son in us thanks
Thanks
Savings and expenditure amount depends on the city ur living in
Sir, you brought an amazing insight into this dilemma situation. I have been here in foreign land from last few years but this video gave so much clarity about moving back to India. We have the same thought as yours from the social perspective. Bought property in Noida already, so few more years in here. Max till 35-40.
Insightful video.. We are in Japan right now and wanting to go back to India in few years..
Pls share more information about the Mivan construction. Is it more expensive than normal brick walled buildings? Pls make a video on it.
Thank you
Great video! I would love to see more content on startup ideas inspired by first world countries or NRIs who have returned to India. It would be great if you could discuss the following points in your next video:
- Innovative startup ideas that leverage the knowledge and technology of first world countries
- Examples of successful startups built by NRIs who returned to India
- Key challenges and opportunities for NRIs starting a business in India
- Strategies for overcoming cultural differences and leveraging the strengths of both worlds
Looking forward to more amazing content from you! 🚀💡
Sure
very helpful videos
Good sharing. Thanks.
Thanks
Love his videos! One thing for everyone it is important to explore, experience and learn new things which is only possible by traveling. Where you eventually settle down is really your personal choice as he explains multiple times in videos. In making that choice he helps us give glimpses of future by sharing other stories who have gone through the same journey so that we can make an informed decision about our lives and who are in those same dilemma. Could not have found this channel at a better time!
Thanks buddy
Sound is perfect without mic also
What time do you think it takes for person to save 4 crores in European country? Because if it takes like a decade and more, then the move to India back may not be even possible due to various factors.
Very good 👍
Hemant bhai imho 2-3 crores se aajkaal kuch nahin hota, minimum 1 million dollars is required, if u sold the house in US another million since there is housing boom in USA, you can save this kind of money in 10-12 years in the US if both are working, by the time you reach 40 years age, I think this should be a good template to follow
Nice vlog Bhaiiya! Would the corpus have to be more if one is considering Pune or Hyderabad for settling down or would it be the same ball park?
Hyderabad, Mumbai, Chennai and Bangalore is most expensive......so add 30% more cost
Bhaiya, we are planning to come back in next four to five years. Your videos are very helpful. The way you made your points about not fighting among each other and respecting everyone’s wish around where they prefer to live, was very nicely said.
Thanks a lot
You’ll not be going back to India even after 10 years. Re-view my comment after 5 years 😂😂
@@rahulvarma2100 why so?
@@jaimesmith1086 Statistics says it. There is no official audited statistics as such .. just ask this question to surrounded NRIs and build a metric from it. There is no one single reason for it.. it all depends on several factors, but again statistically the most NRIs end up abroad.
Invest in Index funds or ETF for long term. Very cost effective with good returns provided dividend reinvested. Compounding is the 8th wonder of the world according to Einstein.
Bhout achi vedio hai
I think 1.5cr for flat is low.
If you want to earn 30lpa then you need to work in metros. A 3.5bhk in 1.5cr in IT cities like Bangalore/Hyderabad would come with alot of compromises.
A new construction of 3.5bhk of 2000+sft(super build up) with top builder and good interiors can touch 3cr.
One can do it in 2cr by getting a 3bhk of ~1700sft plan and spending wisely (frugally and not declaring you are NRI) on interiors.
For me 1M is the goal I aspire for but definitely it's very personal.
Thanks this is helpful, can you make a video on my1 construction as weel, seems to be an important topic to me.
Sure
Very informative videos, also make vds on investment. AND FOR NEW STUDENTS WILLING TO GO FOR PURSUING DREAMS.
Thanks.....Please check my previous videos for students for your topic
audio is fine, please try to make a video on the building material you mentioned. One more thing, in the school's website costing mentioned like 1/1.5 lakh, is that one time payment or every year we need to pay that amount?
It's annual fees
nice
what corpus amount would be ideal to retire at 40 in India. For couple without kids.
Looking good in this video 👌
Thanks buddy
Your videos are really informative. Can you please also talk about withdrawing investments and 401k and what is the best strategy to move money back to India.
Itna saving Sweden mai karna muskil hai sir. Inflation and home loan intrest rate is too high.
How about people seeking desperate help and people can be immediate relatives, friends etc
Hemant!! Very well researched!! Can you pls talk about moving kids to india . Also how did u manage admissions
Thanks.....I have already made videos on these topics so please check
Mast video Hemant .. how do you feel in noida on weather , pollution and safety wise .
Any details would be appreciated.
Infrastructure is great in noida.
I am happy to be here.... regarding Noida i have made some videos last year so do watch them
Good one. What are good options to buy physical gold?
Go to jweller shop....there many big brands who can give you with bill
As long you can live within your means you will be fine . Remember India per capita is $2500 year it’s means people are living in that income. Live simple.
Thank you very much Hemant bhai. Main ye saare calculations kar hi raha tha pichle kuch dino se.
One thing that I feel is not covered in this calculation is inflation and value of the saved 1 or 2 crores after 20 years during old age. Will it be sufficient for survival of husband and wife, marriage of children, higher education of children, any big maintenance work of house etc? In my opinion the whole calculation needs to be done considering history of inflation in India and how much value the money will have after 20 years. I will be happy to hear more from you on this topic.
As always I really appreciate your videos. So much of information and really good initiative you have taken. 🙏🏻
Agree. Withdrawal rate from coupus has to be (interest-inflation). Then corpus will last forever.
Im an American Pakistani 🇺🇲🇵🇰 and I think a paid-off rental property (preferably abroad) is a better idea rather than going through financial and income declarations in India. A rental property overseas will get you monthly rent deposited in your overseas account and you don't need to pay any income taxes etc. in India. Plus, this rental property can also help your kids if they want to move back for higher education etc.
@@hassankhan the return on that is very low.... meaning, management company ka fee, home repair etc nikaal ke kamaai kuch nahi hota hai..
isse accha hai ek account me ETF banaao ... rakho usko 20 saal.. jitna banta hai de do bacche ko (agar baccha line me hai toh) remote Real estate management is a nightmare!
What you guys will achieve from the expensive and useless higher education . It is doing more harm and dragging us from our roots and generate junk robots only .Just think will cool head
@@hassankhan
Rental abroad requires lot of maintenance or hire a property manger for 10% who can screw the owner for lot of charges and finding a good tenant
Bhai Mic ki jarurat nahi hai , acchi awaj jai
I am coming back next year . I have 1 house and 1 luxury flat and both paid (house giving 40k rent and currently having 1 floor reserved for myself). I bought maxlife plan which will pay me 86k per month taxfreee from 2027 . and Annuity from Lic will pay me 54k and I have 3-4 cr cash in hand . Still I am scared of getting retired.
I don't see any reason to be scared.....
You will always be scared as long as your expenses are way less than your income...
Irrespective of which income bracket you fall
Utna feko jitna hajam hon 😂
@@nehamarchar353 it feels good when you achieve something and people don’t believe in
@@nehamarchar353 by the way that’s not my total worth 😀😄😁 I forgot to mention few things
Hemant, can you talk about if all of your 10 things you made a list about are getting fulfilled in India now? Are you equally happy now that you are there as you were while thinking about it in USA? Are there any major regrets? Do you miss US life in anyway? Are you able to meet your friends and family regularly enough? Is the void you felt in foreign land being filled?
Believe me I am doing all those 10 things now....no regrets of leaving USA and Sweden..... meeting family for sure and most of friends....will make video on this
@hemant amazing video series.
The salary amounts are annual?
Thanks...which figure u r talking about
Package discussion at 13:56 I suppose they are annual, but just to be sure.
Again, thanks so much for responding
Yes annually..... Again it's relative to each individual
You said for people intending to retire 1.25 lacs returns per month per 2cr of investment with 7% return..
But mere bhai you will still need to pay tax which bring down your net in hand.
Plus you have not considered any additional corpus for medical emergencies . Even though you have medical insurance additional corpus is a must for this
2 crore ki FD 7.5% pe 15lakh/annum pakka hain at today's rate!
I'm working Saudi Arabia I m also looking to this question ❓
Everyone comes here with a dream to save enough and go back. However it’s very difficult to go back after 10 year. So let’s watch video and keep dreaming friends.
Please can you share details of which city you moved from to where? It will help to visualize this even better for people like me.
USA to Gurgaon and again Stockholm to Noida...
Your number calculations are very much like mine 👍
I am a 25 year old, (just started off with my PhD in the US) and I already feel your videos are very informative and purposeful for me as I want to relocate back to India in the near future (after 10 years at max). Do you think this video will be relevant after 10 years? I don't have my own apt in India. So in scenario 1, I suppose 6 cr corpus would suffice. What do you think ?
If u r planning after 10 years then wait and calculate 1 year before as today u never what gonna come like corona and inflation rate may change
Come back soone buddy. I am in US for 9 yrs married and have green card dreading living here
@@MrTeslaX why?
@@sreyanshuchaterjee3962 Well for starter, I married an American so missing that desi connection and my entire family is in India. Also, though I make $350k pre tax, I am unable to save anything due to high taxes and expense. I think its the right time to go back. I do have green card so I can work from India!
@@MrTeslaX Thank you for your response. I don't want to ask personal questions and will keep strictly to finance aspect.
1. How much of ctc will compel you to move back to India and earn here?
2. If you move back, what will be your prefered location?
3. How old are you, if you don't mind sharing?
4. Is it possible to relocate somewhere cheaper with less pay or remote work in USA and not feel the pinch?
This will give me a good idea of the quality of lifestyle you seek and other financial planning. I hope you make the switch to your best abilities. Best wishes.
Hemant,I came back from US in 2010. Live in Noida. How to get in touch?
Connect with me on Instagram at hemantdubey79
Hi Hemant .. What to do with 401K and stock. Can they be managed from India without withdraw. Could you please shed some light on that.
As far as I know yes you can manage online
Thanks @@hemantaim bhai
Hello sir ... am returning to India .... wanted a video if OCI holders can represent India in sports!?
Yes they can
1.5 cr house for 3bhk is not possible for a metro city like Mumbai. what would the corpus number be if you account for a metro city like Mumbai??
Mumbai is beyond expensive plus who wants to retire in Mumbai unless you are native of that place. Target Indore/Lucknow/Jaipur/Bangalore/Chandigarh These places are better.
2 CR IS NOTHING TODAY IN URBAN INDIA FOR RETIREMENT.
The 1 Lakh monthly interest seems big amount , but considering inflation, it will hardly have any value after 10 years
Also, you have not considered maintenance of parents.
A major surgery or illness ( bhagwan na kare ) are also not considered.
Those costs could go beyond 30-40 lakhs
That is why, at least 4cr is needed and 5cr is safe price!
@@MrTeslaX Would you be kind enough to give a detailed analysis and how you came to that number?
Which city you assumed for this corpus?
Except Mumbai and Bangalore it will fit most of cities.....for these 2 cities it all depend on location
Great video Hemant! One question please: Considering the retirement scenario, if I use my 2Cr savings in FD to fund my monthly expenses, will not the value of 2Cr diminish with time due to inflation?
So will 1Cr FD + 1Cr (studio apartments + mutual funds) be a more viable alternative? Please can you make a video and share your thoughts on different investment options as well?
Many thanks :)
Yes value of the investment will surely impacted by the inflation
Secondly just depending on the FD interest to source monthly expenses is not enough you need health insurance as well
Investment into mutual funds attract taxation in case your income from mutual funds is more than. 1 lakh
So plan some small business as well
Sure
I am facing this same issue right now. But I am getting 7% on FD so I feel like I am beating inflation and de valuation
last year was tough for inflation. The inflation sweet spot by RBi is 4% with Range 2-6%.
Anything beyond it causes Rbi to take some action to control it. Three Quarters beyond the range invokes a statutory requirement from Rbi gov including written application. FD gives 6.5-7%, the margin over Inflation would remain 1.5%-2% minimum, and over a year would be less. Beating inflation isn't a big deal using FD. Mutual Funds and rental income(Tier 1,2 cities) are other good options for investment apart from FD if you want to earn more.
*I meant More, over an year margin would be more as Inflation won't remain above 6% throughout.
bro can we connect. I am from delhi also and in a similar dilemma. 33 now
Sure Aarif ... Please contact me on Instagram at hemantdubey79
I am not sure how much you know abt 401k, good chunk of people in USA park money there for retirement. It would be great If you can make a video abt managing that money.
He was not in US he was in sweeden
I was in US also for couple of years before Sweden....
audio is good.. no need to mic...
Thanks
Please please make a video on house buying for nri in india . We are in america for 21 yrs, planning to move back in 2to3 yrs in india. Also give some locations. Also make video on medical insurance. We will take voluntary retirement when we move back. What will be a good place to settle. I am originally a bong born and brought up in delhi, i prefer slightly cooler location, not much pollution
I already made videos on above topics so please check my all videos and then connect with me if any question is unanswered
Dehradun, Chandigarh will be good .
According to me 2.5cr for a single person and 5cr for a couple would be enough for a decent living considering the yearly expenses of 12 lakhs for a single person and 24lakhs for a couple. if your expenses are more then you might have to do a job .
Which place Mumbai /New Delhi/Hyderabad or non metro
@@singlanishant202 even in metro like bangalore it is enough if you keep your expenses in check