Few things to note while responding to this question- 1. I'm aware that if I withdraw the funds right now then I will be paying around 11-12% tax on it. 2. The funds are invested in the traditional plan earning 3% compounded annually and retirement age is set at 62 years. 3. I don't need these funds right away. However, waiting 30 years for this fund to mature (I'm 33 years old) seems like a lot of time and who knows what the situation of Dollar vs. Rupees would be then. 4. I'm responsible with money but not very knowledgable about investments. Investing in fixed assets seem like a reasonable thing to do given the wild fluctuations in currency value due to inflation and other factors (both in US and India). 5. I don't want to take any step that will need my active involvement with managing this fund on a regular basis. 6. I will have a pensionable job in India so not too worried about regular income after retirement but extra money that belongs to me (if I'm waiting out these 30 years for this fund to mature) is always welcome :) 7. I haven't started saving for my 6 month old kid's college education yet
Submitted September 01, 2017 at 11:24PM by enigmanemo http://ift.tt/2wuYICZ
