R2I to Bangalore June 2025

[SAPPORO]

One of my friend in Dubai has some medical insurance with which he keeps going to US to spend time with his kids. Last trip he was sick while driving in SoCal and ended up in ER. The bill came to $14K for some small treatment and most of that was covered. May be I should call him and get the details.

Medical insurance industry and offerings has expanded in India. Now you get all kind of insurance for overseas travel as many Indians are going around the world.

If I don't enroll for Medicare at 65, I will never enroll. Not worth paying the penalty.

It's nothing to do with India. It's the high cost of healthcare in the US and that's why one can't get meaningful coverage for a real catastrophe that can cost hundreds of thousands of dollars. Whereas I always get health coverage when I travel to India for 100K costing around $70 a month, with preexisting conditions coverage and no deductible since the healthcare is much cheaper there compared to the US.

[old-spice2]

Where have you moved to in India and how long ago?

Bengaluru - two months back.

[digitalnomadrn]

Where have you moved to in India and how long ago?

Bengaluru - two months back.

Great!.. I am moving to Blore too!. May be I can get some insights from you!. will DM you!

[SAPPORO]

ROTH IRA is not a slam dunk as it seems. The rate of returns is same regardless of whether it's traditional or ROTH IRA. To compensate for the taxes paid in conversion, the breakeven period is around 5-7 years. The taxes are only paid on the amounts withdrawn from T-IRA and it would be lower due to inflation-adjusted standard deductions, tax slabs and possibly no state income taxes. The only benefit of ROTH is not having to take RMD, but the starting age is getting pushed back as I mentioned earlier. In both cases, the basis is adjusted to current market values for inheritance.

There is a reason why govt introduced ROTH 23 years after the traditional IRA was enacted - to recoup the lost tax revenues!

It's a better idea to keep it 50/50 to get the best of both plans.

[digitalnomadrn]

ROTH IRA is not a slam dunk as it seems. The rate of returns is same regardless of whether it's traditional or ROTH IRA. To compensate for the taxes paid in conversion, the breakeven period is around 5-7 years. The taxes are only paid on the amounts withdrawn from T-IRA and it would be lower due to inflation-adjusted standard deductions, tax slabs and possibly no state income taxes. The only benefit of ROTH is not having to take RMD, but the starting age is getting pushed back as I mentioned earlier. In both cases, the basis is adjusted to current market values for inheritance.

There is a reason why govt introduced ROTH 23 years after the traditional IRA was enacted - to recoup the lost tax revenues!

It's a better idea to keep it 50/50 to get the best of both plans.

50/50 centainly makes sense to get best of both the worlds. Never know how and where situation forces us to live in future, especially for USCs who have kids living in the US. I actively manage my index ETFs / MAG 7/ top equity positions and generate income being options seller in both T IRA / ROTH. With winner takes all kinda scenario, 50% in ROTH certainly makes sense if we are expecting to see 10T market cap companies in a decade+ time horizon.