Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/5/84; site wanginst.UUCP Path: utzoo!linus!wanginst!raghavan From: raghavan@wanginst.UUCP (Sri Raghavan) Newsgroups: net.nlang.india Subject: Returning Home... Message-ID: <922@wanginst.UUCP> Date: Sun, 11-Aug-85 19:30:38 EDT Article-I.D.: wanginst.922 Posted: Sun Aug 11 19:30:38 1985 Date-Received: Tue, 13-Aug-85 03:15:25 EDT Distribution: net Organization: Wang Institute, Tyngsboro, Ma. 01879 Lines: 55 Being a newcomer to this net, I am not sure of the protocols to be followed here. I guess this net is a forum for discussing things about India, rather than a media for people of Indian origin to exchange ideas on topics of common interest and relevance. Old timers can probably clarify these things. Assuming that topics of later kind are permissible, I would like to start a discussion on the topic of "Returning Home". It is my observation that most of us dream of returning back to India some day. "That some day" would never come unless we actively plan for it. A prerequisite for making a sound plan is to acquire a good grasp of the underlying issues and their implications. Since there are all kinds of issues, I would like to confine our initial discussion to "Financial" aspects. I have a series of starter questions which may help readers to articulate their thoughts. As the discussion progresses, I am sure, lot more related questions would get added to this list. 1. Moving household to India. 2. Moving our savings out of U.S.A - applicable U.S. laws. Sale of home etc. Tax implications of leaving U.S.A. 3. Moving savings into India - applicable Indian laws. Dealing with the Indian tax laws Understanding and taking advantage of investment incentives Strategies: doing it over years, or taking care of it while returning. 4. Dealing with U.S. Life Insurance Dealing with IRA investments Social Security Implications. 5. Leaving money behind for whatever reasons. 6. Minimizing the cost of returning back, if things do not work well back at home. Finally a few remarks. I am raising these questions, because I do not have any answers for these, and I have been unable to find anybody who can answer them. These questions seem to keep coming back, every time I think about "Returning Home". I would request readers not to raise the issue of whether it is worth returning home. For now, let us assume that it is worth returning home, and try to develop a better understanding of the issues involved. May be, with a better understanding of the issues, each of us can answer for ourselves whether it is worthwhile. Thanking you in advance, Sridhar. -- |---------------------------------------------------------------------------| | Sridhar A. Raghavan | | Wang Institute, UUCP : ...!decvax!wanginst!raghavan | | Tyngsboro, MA, CSNET: raghavan%wanginst@CSNet-Relay | | 01879. 617-649-9731 | |---------------------------------------------------------------------------|