08/05/2024
For NRIs, developing an India-centric financial plan is crucial when considering a move back to India.
As the goal/location gets clear it is better to plan , & .
The following are some actions you can take to begin with:
1. Obtain a good health insurance policy: Given the escalating cost of healthcare, this is a must as at a later age it becomes difficult and expensive to get a health insurance policy.
2. Create an Investment portfolio. Build a diversified & balanced investment portfolio that minimizes risks and aligns with your financial goals.
3. Retirement Corpus: Use several asset types to plan for retirement like real estate, equity, and fixed income, so that your post-retirement income is not dependent on one source but is on multiple sources.
4. Tax Efficiency: Please ensure that the taxation angle is considered in all your investment decision-making
In essence, meticulously plan, thoughtfully execute & invest and review your financial strategies with precision for a smooth transition.
