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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.
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| Sridhar A. Raghavan                                                       |
| Wang Institute,                     UUCP : ...!decvax!wanginst!raghavan   |
| Tyngsboro, MA,                      CSNET: raghavan%wanginst@CSNet-Relay  | 
| 01879. 617-649-9731                                                       |
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