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No advise. But just wanted to say I am in the same boat as well. Thinking of making the transition in next 1-2 yrs and retiring from the grind. Taking up a job that I am passionate about and living off the interest
SVP1: put the money in large cap index MF in India. On average return is 14%+ in the long term. Money in a FD won’t cut it.
Where in India ?
Conversation Starter
Kerala
Pro
Join the R2I Facebook group, all these questions are answered there.
OP if you draw from 401k, you may end up paying 10% fine and then tax based on current income bracket. I hope you took this into account as well.