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Can I Save My H1B Visa While Working Online in India?

Sushil

Sushil Sukhwani  |561 Answers  |Ask -

Study Abroad Expert - Answered on Jul 12, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
Asked by Anonymous - Jun 08, 2024Hindi
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Dear Sushilji, My son completed his BTech from India in Aerospace Engg and completed his MS with a very high score from ASU ,Arizona US in2021. He got his H1B in 2022 itself and was working in a Consultancy firm there( work from home) as a Senior Business Analyst upto June2023. But after his project there was a shortage of projects due to the recession there and my son returned back to India. He is now preparing for his MBA entrance exam. He has applied for several jobs in India and had been shortlisted in some but eventually nothing was finalised. Is there any way to save his H1B? He is willing to do online US jobs from India as well. It is indeed a pity that with such an excellent CV he is not making any headway.

Ans: Hello. To begin with, thank you for reaching out to us. It is important to understand the specifics of your son’s current visa status to assist you accordingly. Our expert visa experts will be able to understand and guide you towards a solution.

Please feel free to contact us. We offer free counseling and have a team of expert counsellors who can guide you through any concerns or questions you may have.
Website- https://www.edwiseinternational.com/
You can follow us on our Instagram page - @edwiseint
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Mutual Funds, Financial Planning Expert - Answered on Dec 04, 2024

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Sir, Im a 48yrs old, my monthly salary is 2.5L my expense and my family expense i need 1L per month. I planning to leave my work from June-2026. In-between this period i can invest a month 1.5L. I can invest from this Dec-2024,So where i can invest for my future, which plan is best return give to me?. If i invest mutual fund or stack market or Nifty -50, how many year need to invest? minimum. 1 year or 1.5 year can invest monthly basis? or 5 years above plan only have.? Pls give me your guidance. Im confusing about . Thanks & Regards Prakash from Thanjavur, Dt
Ans: Your Current Financial Snapshot
Age: 48 years.
Monthly Salary: Rs. 2.5L.
Expenses: Rs. 1L per month.
Monthly Savings Potential: Rs. 1.5L from Dec 2024 to June 2026.
Retirement Planned: June 2026 (1.5 years away).
Your focus should be on ensuring financial security post-retirement and balancing short-term and long-term returns.

Key Investment Strategy
1. Short-Term Investments (1.5 Years)
Since your investment horizon is limited, focus on low-risk options with stable returns.

Debt Mutual Funds: Ideal for low volatility and reasonable returns. Use short-duration or liquid funds for flexibility.
Fixed Deposits or Recurring Deposits: Use these for safe, guaranteed returns with easy liquidity.
Sovereign Bonds (T-Bills): Consider Treasury Bills for short-term secure returns.
Avoid heavy exposure to equities or Nifty-50 for this period due to potential market volatility.

2. Post-Retirement Monthly Income Plan
After retiring in June 2026, ensure a steady cash flow with the following allocation:

Systematic Withdrawal Plan (SWP): Invest a portion in balanced or conservative hybrid funds to withdraw monthly income while preserving capital.
Senior Citizens’ Savings Scheme (SCSS): Once eligible at 60, invest for a regular, safe income with high returns.
Debt Instruments: Keep part of your corpus in FDs or debt mutual funds for liquidity.
3. Long-Term Growth Strategy
If you can continue investing beyond June 2026, allocate part of your corpus to equity for inflation-beating growth:

Equity Mutual Funds: Diversify across large-cap, mid-cap, and multi-cap funds for growth.
SIP in Nifty-50 Index Funds: These are suitable for moderate risk-takers seeking simple, long-term returns.
Balanced Advantage Funds: Ideal for long-term goals with dynamic asset allocation.
For long-term equity investments, a horizon of 5+ years is recommended to mitigate market volatility.

Step-by-Step Plan for Monthly Savings (1.5 Years)
Allocate Rs. 1.5L monthly as follows:

Rs. 75,000 (50%): Debt mutual funds or fixed deposits for short-term stability.
Rs. 45,000 (30%): Balanced advantage funds for moderate risk and growth.
Rs. 30,000 (20%): Large-cap equity funds or Nifty-50 index funds for long-term growth (only if you extend beyond 1.5 years).
Additional Recommendations
Emergency Fund: Ensure you have at least Rs. 12-15L as an emergency fund before investing aggressively.
Health Insurance: Upgrade your health insurance to cover unforeseen medical expenses post-retirement.
Tax Planning: Maximise benefits under Section 80C through ELSS, PPF, or EPF. Use other tax-saving instruments as applicable.
Avoid Overexposure to Stocks: Direct stock investments are riskier unless you have expertise. Stick to diversified mutual funds.
Final Insights
For 1.5 years, focus on low-risk investments like debt funds and FDs.
Extend equity investments for at least 5 years to see meaningful growth.
Balance risk and returns by diversifying across asset classes.
Regularly review your portfolio and adjust based on retirement needs.
For personalised planning, connect with a Certified Financial Planner to align investments with your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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