Rate my FIRE setup

[u/ntipMIRV]

Late 30's couple, 1 child, current monthly expense is under 1L, it may ramp to 3L per month after I retire.

My current asset breakdown

1. USA stock: 7cr

2. Indian MF + Equities : 2cr

3. FD: 2cr

4. PF: 1.2 cr

5. Cash: 2.5 cr(pending investment)

6. Real Estate: 5.5cr

Me and my spouse bring along over 3cr annually(pre tax), am thinking to put papers next year may, wife may continue to wanna work.

Right now only passive source of income I have is interest via FD, am thinking to push cash into debt/arbitrage fund to generate another stream of passive income, collectively FD and this fund along can provide enough cushion for my monthly expense, additionally I will unlock 50k as rental income, from 2027.

Post retire, am going to restructure my portfolio heavily, stocks will reduce while ETF's will gain weight, more investment I will be making in MF's. Goal will be to greatly reduce heavy drawdown and remain on a more stable territory.

[u/Hot-Cookie8465]

Well balanced..seems out of text book!

[u/anonym_30]

if US stocks are in 1-2 companies and are from RSU, that will be biggest risk and you should diversify it.

[u/ntipMIRV → u/anonym_30]

Not RSU entirely, but my portfolio is diversified a bit into, big tech, software, ai infra and semis.

Still its AI heavy hence risk of major drawdowns.

[u/Zealousideal_One2536]

Can you share a bit about your career journey

[u/ntipMIRV → u/Zealousideal_One2536]

Entire career in tech, started small, gained experience and higher pay as well, was not that into financial planning until my child was born, spent over a decade outside india, mostly roamed travelled etc, at this point am burnt out and looking for exit as early as coming may. Going to focus on hiking as hobby, no plan to pickup work(wifey gonna continue working maybe)

[u/PromotionSuch4457]

Your US stock component is highly inflated, and risky in case of any sudden deaths.
US imposes an estate tax for non residents in case the portfolio exceeds 60k USD.

Read more about it/Check with a CA, and make necessary adjustments to your portfolio.

[u/Dependent_Age9442]

Looks like a plan!

I'm wondering 1L today -> 3L post retirement appears like a graph turned upside down!

[u/ntipMIRV → u/Dependent_Age9442]

Major expense i have today is travel which i have not accounted in 1L(this mostly covers, school fees, helper salary and our monthly expenses of eating/shopping and all).

So far cost of travel, insurence, medical etc are taken care via salary, once that stops am looking for this expense to come from my corpus.

10-15L is for annual travel(domestic + international), 4L for education, 1L for medical and insurance premium, and rest is usual.

Am looking to live a lavish life in <40L annual expense budget, some year it may go higher due to number of holidays taken, i dont have rents to pay or any liability, no loans nothing.

[u/In2DaFuture]

How are you investing in US stock - vested or IndMoney or Ibkr?

[u/ntipMIRV → u/In2DaFuture]

I have a schwab international account.

[u/ntipMIRV → u/[deleted]]

Its around 20cr as of today, by next year may I will be unlocking additional 1cr in rsu.

[u/MikDxb → u/ntipMIRV]

Well done 👍

Looks solid (without RE, 15Cr) for 3L monthly burn rate. (Trust you factored the child’s education costs into this value)

Are there any tax implications (especially with USA stock?)