I am Nigel, a fortysomething engineer living in the US. I am a first-generation immigrant and a naturalized US citizen.
I started this site to organize information related to planning for my retirement. At this point, I am not sure about what our eventual retirement plans would be. My initial estimates of the amount needed for retiring in the US, coupled with my desire for early retirement, lead me to believe that "Retiring to India" may be my best option.
This is going to be a collection of articles about the numerous topics relevant to retirement planning, especially for someone thinking of retiring overseas. I hope to keep the artilcles up-to-date as I learn more about each topic.
I hope that this will be useful to anyone considering spending all or part of their retirement abroad.
Comments? Thoughts? Please write me using the link on the main page.
6 comments:
Hi Nigel
I have recently started taking interest in personal finance and found your blog through JLPs blog. Your posts have caught my attention as I am from India and working in the US. Please keep up the posts.
thanks
VG
Just curious to see whether the kids (if any) are on board with looking at retirement in India..
http://www.marykay.com/chitra
c,
At this point, we are not that concerned about how the kids are going to react. We are not going to take the kids with us when we retire -- they should be old enough to live independently at that point (at least well-settled in college). Of course there will always be unforeseen problems when we are actually close to doing this, so it remains to be seen..
Hi Nigel
I am a naturalized US citizen and want to retire to India. Can you tell me whether there is any residence requirement like certain minimum number of days in a year to be in USA to maintain US citizenship ?
Thanks,
SD
Swapan,
No, there isn't. There are plenty of US citizens who retire outside the US. There is no difference between a naturalized US citizen and a native-born US citizen.
The proposed Direct Tax Code 2012 may impose tax implications in both countries in certain cases. Articles on this subject may be useful
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