INR FD is not good option. I am sure sanfax would have fully used IRA and 401k…etc. Mostly, whoever got GC/Citizen and a Bay Area home always settles/retires in USA.
Anything non-liquid (other than real estate) avoid. You need liquid savings/investments.
There are some investment rules. (Bogle’s investment or retirement guide)
- Max Roth IRA (if eligible)
- Max company matching 401k
- Depending on age, partially contribute Roth 401k and balance traditional 401k.(together 18k)
- If after tax 401k is available in your company, fully utilize it.
- Excess, invest in stocks or real estate.
- Every investment review tax implication or tax efficiency as that may eat away your growth.
Stocks or bay area real estate is the best option. You learn a lot by educating yourself.
In stocks, best option is find out good dividend paying company at low cost or at low tide.This is hard to find, but not impossible. This is exactly like bay area rental home, you get some cash flow while your investment is growing at steady phase.
One example, I just took some AAPL stocks at $94 when I heard Buffet company bought it, sold some for profit taking and keeping balance forever to get dividend. This is frozen now until my retirement.
There are plenty here holding such dividend paying company, but watch out and buy it at low tide.
Even in stocks, if the people have doubts, they can either choose SPY or ONEQ or BRKB as an option until they learn proper investment strategy.
If you are new to stock and using small amount less than $5000, first open or use Robinhood, a commission free trade platform.