Retirement criteria

[shaktimaan]

4 hours ago, halwa_fan said:

lol, why do you want to retire? what will you do after retiring? intlo eegalu tholutara. or is the question specific to retiring from corporate jobs..

em hobbies or interests leva bhayya

[JANASENA]

What age you want to retire?

I want to retire around 52-55, don't know if circumstances push me through 65 and don't know if I will survive till 65 coz we're all working in IT.

 

What's your criteria for retirement?

I've a house in US - Yes

Have a house in India - Yes

Can I afford our monthly expenses even after I retire - Yes

Can I afford our monthly expenses even if my kids don't support - Yes

Can I travel frequently to India - Yes

Will I get Social Security - Hope So.

 

how much amount of money you want to take this decision?

Answered in question 2

 

Where do you want to live after retirement?

6 months India / 6 months in US

[halwa_fan]

1 hour ago, shaktimaan said:

em hobbies or interests leva bhayya

enni rojulu chestav bhayya hobbies and interests? 45 years anko retirement age, in best case.. tarvata 25 years hobbies and interests meeda spend chestava?

[shaktimaan]

5 minutes ago, halwa_fan said:

enni rojulu chestav bhayya hobbies and interests? 45 years anko retirement age, in best case.. tarvata 25 years hobbies and interests meeda spend chestava?

ikkada chaala cheyochu bore kottakunda...imo bore anedi em cheyyalo telvani vaadiki untadi

60 tarvata em chaddam ani plan

[halwa_fan]

1 minute ago, shaktimaan said:

ikkada chaala cheyochu bore kottakunda...imo bore anedi em cheyyalo telvani vaadiki untadi

60 tarvata em chaddam ani plan

paisa kamao, jab tak hoga.

[former]

7 hours ago, Konebhar6 said:

What age you want to retire?

What's your criteria for retirement?

how much amount of money you want to take this decision?

Where do you want to live after retirement?

Simply till at the end of the life.

[Galactus]

5 hours ago, ranku_mogudu said:

50

I have enough that compounds interest atleast 3lpm.

maa Gochi budda rao gadu appatiki 10th ki osthademo

Villa  lo untu  terrace farming  and maa polalu kobbari and mamidi thothala lo gadipestha

Bro, please share tips on investing and your experience, 3L per month interest vasthe could quit job and go back to India provided villa, car etc are paid, how do you plan to manage? 

[Galactus]

5 hours ago, toranam said:

I am planning in next couple or 4 years max..paln alraedy in process 

saved much which can generate decent  monthly income in india (up to 3 lakhs)

by the age i retire i will be 42.

inka edo nacchinapani chestu tension less work.. life lo busy undadam kosam .. farming in my farm house .. organic Food tintu parents kids  relatives friends tho rest of the life gadupam ani planning

IT jobs valla lot of pressure not good for health

 

How are you generating that monthly income bro? Fd? Stocks or rentals in India? Thinking in similar lines so looking for advice

[Konebhar6]

6 hours ago, ranku_mogudu said:

50

I have enough that compounds interest atleast 3lpm.

maa Gochi budda rao gadu appatiki 10th ki osthademo

Villa  lo untu  terrace farming  and maa polalu kobbari and mamidi thothala lo gadipestha

You live in india? 3l/month from bank interest or rentals/etc?

Love your plan. My dream is similar to that.

[sarvayogi]

prati mogga gaadu 40- 50 ki retire ani egiri egiri padataru but in reality when the time comes you are out of money or get greedy and wants to earn more. Wait and watch

 

[toranam]

52 minutes ago, Galactus said:

Bro, please share tips on investing and your experience, 3L per month interest vasthe could quit job and go back to India provided villa, car etc are paid, how do you plan to manage? 

Pmed

[Konebhar6]

49 minutes ago, Galactus said:

Bro, please share tips on investing and your experience, 3L per month interest vasthe could quit job and go back to India provided villa, car etc are paid, how do you plan to manage? 

 

47 minutes ago, Galactus said:

How are you generating that monthly income bro? Fd? Stocks or rentals in India? Thinking in similar lines so looking for advice

3lakhs INR/month is not difficult. Around $4000 per month. Start investing in monthly div funds. If you get to a portfolio of $300-$500K, you can make that amount monthly. You have these funds in both India and USA.

Or Plan to buy a commercial property that gives rents monthly. Don't get into residential properties for rents. Too much maintenance.

 

 

[Konebhar6]

17 minutes ago, sarvayogi said:

prati mogga gaadu 40- 50 ki retire ani egiri egiri padataru but in reality when the time comes you are out of money or get greedy and wants to earn more. Wait and watch

 

What you said is true for most people. But if you get to an alternate income stream that replaces your income partially or fully, it is not difficult to retire.

[Konebhar6]

19 minutes ago, toranam said:

Pmed

If its OK to share, please share here. Would be useful for others as well.

[Thokkalee]

My plan is to work IT till 50-55 and then move to a relaxing govt job.. either state or federal… khaali ga undalemu ekkuva rojulu..