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Monthly income generating options..


psycopk

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On 10/31/2017 at 12:54 AM, Spartan said:

India vellinappudu FD's gurinchi discuss chestunte bank vadu SBI Life ani oka option ichadu.

Advantages:

All money you invest and get returns is Tax free for NRI's

its like mana 401K option in US.

oka plan 1.5L per year. minimum nunchi start inkoti 6L per year. 

 

6L di invest chesa..yearly you put 6Lk for 5 yrs, you get interest of around 9% which is tax free.

added on top of that you will have accidental death insurance - 60L for 10years no premiums

manaki kavalante you can do partial withdrawl or complete withdrawl after 5 yrs.

Maturity period 10yrs pettukunte, you will endup with significant amount for that investment.

vadu a dabbulu SBI product stocks and bonds lo pedtadu, of which returns are also tax free.

manam kavalante % distribution cheskovachu between stocks and bonds (i put 75% stocks, 255 bonds)

 

Nenu 6lK per annum di petti vacha. 

https://www.sbilife.co.in/en/individual-life-insurance/ulip/smart-privilege

 

mana pillal peddayyaka...significant amount valla education ki untadi ani petta. not for monthly income though. 

 

@k2s @psycopk

 

 

Ninna maa families kuda 3L di signed :D 

one disadv is you cannot claim 6L premium in US tax returns. Can claim only in India tax returns. General ga life insurance lantivi main ga tax savings kosam kadatharu...

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On 10/29/2017 at 9:45 AM, Spartan said:

@psycopk k2s mana Mana lanti2young yncles no manchi investment idea septa  currently in Dubai airport Us vachaka post vests @k2s

Melcowe.. nenu ivvala night flight ekking.. 

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19 hours ago, k2s said:

Ninna maa families kuda 3L di signed :D 

one disadv is you cannot claim 6L premium in US tax returns. Can claim only in India tax returns. General ga life insurance lantivi main ga tax savings kosam kadatharu...

yes.  Real Estate gola kanna ade better anipinchindi naaku.

elago manam velli undamu, mana lanti background lenollaki rent collection tala noppi.

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25 minutes ago, Spartan said:

yes.  Real Estate gola kanna ade better anipinchindi naaku.

elago manam velli undamu, mana lanti background lenollaki rent collection tala noppi.

baby_dc1

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On 10/30/2017 at 2:24 PM, Spartan said:

India vellinappudu FD's gurinchi discuss chestunte bank vadu SBI Life ani oka option ichadu.

Advantages:

All money you invest and get returns is Tax free for NRI's

its like mana 401K option in US.

oka plan 1.5L per year. minimum nunchi start inkoti 6L per year. 

 

6L di invest chesa..yearly you put 6Lk for 5 yrs, you get interest of around 9% which is tax free.

added on top of that you will have accidental death insurance - 60L for 10years no premiums

manaki kavalante you can do partial withdrawl or complete withdrawl after 5 yrs.

Maturity period 10yrs pettukunte, you will endup with significant amount for that investment.

vadu a dabbulu SBI product stocks and bonds lo pedtadu, of which returns are also tax free.

manam kavalante % distribution cheskovachu between stocks and bonds (i put 75% stocks, 255 bonds)

 

Nenu 6lK per annum di petti vacha. 

https://www.sbilife.co.in/en/individual-life-insurance/ulip/smart-privilege

 

mana pillal peddayyaka...significant amount valla education ki untadi ani petta. not for monthly income though. 

 

@k2s @psycopk

 

 

Can you repatriate the matured amount after 10 years back to US dollars Tax free?

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18 hours ago, BonguBooshanam said:

Can you repatriate the matured amount after 10 years back to US dollars Tax free?

No, that money is tax free only in India.

if you want to bring that money back to US, you need to pay tax on all earnings you got.

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  • 1 year later...
On 10/30/2017 at 12:24 PM, Spartan said:

India vellinappudu FD's gurinchi discuss chestunte bank vadu SBI Life ani oka option ichadu.

Advantages:

All money you invest and get returns is Tax free for NRI's

its like mana 401K option in US.

oka plan 1.5L per year. minimum nunchi start inkoti 6L per year. 

 

6L di invest chesa..yearly you put 6Lk for 5 yrs, you get interest of around 9% which is tax free.

added on top of that you will have accidental death insurance - 60L for 10years no premiums

manaki kavalante you can do partial withdrawl or complete withdrawl after 5 yrs.

Maturity period 10yrs pettukunte, you will endup with significant amount for that investment.

vadu a dabbulu SBI product stocks and bonds lo pedtadu, of which returns are also tax free.

manam kavalante % distribution cheskovachu between stocks and bonds (i put 75% stocks, 255 bonds)

 

Nenu 6lK per annum di petti vacha. 

https://www.sbilife.co.in/en/individual-life-insurance/ulip/smart-privilege

 

mana pillal peddayyaka...significant amount valla education ki untadi ani petta. not for monthly income though. 

 

@k2s @psycopk

 

 

ltt for @trent  @idibezwada

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1 minute ago, idibezwada said:

ikkademo 9% interest antunandu...mari @trent uncle emo 1.2C after 12 yrs antunnadu? am i missing something

30L 5 yrs kadite...after 10 yrs..60L is guaranteed ..irrespective of the market/investment returns..

if the returns are on avg of 9-14% per annum..appudu 1.2C vastadi..

but i dont see that happening, because of bisket market in banking sector...

 

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