Retirement can be the coziest phase of your life if you plan for it ahead. It is that time when you have all the time for leisure, travel and hobbies. However, it could be a financial nightmare, if you put it off as your last priority when you are still bringing home a handsome paycheck. You simply cannot risk the peace and security of the last years of your life because you are busy addressing what may seem like more immediate and urgent financial commitments today.
It is as simple as this: Retirement planning needs to figure in your priority list.
The key to taking the pinch off retirement planning is to start early; the sooner the better is the watchword here.
It is shocking that over 60% of expatriate employees in the UAE have not opted for realistic plans for securing a financially stable retirement life. This was revealed by a Friends Provident International (FPI) survey conducted by YouGov, a market research and data analytics company.
While most of us would like to retire comfortably, we do not want to go through the complex process of building a successful retirement plan. At SS4E, we aim to make your retirement simple. Our financial analysts help you assessexactly how much you need to tuck away.
Several financial institutions provide you with a gamut of retirement solutions. However, the government of UAE offers no official retirement schemes for expats; thereby it is up to you to choose and invest in retirement plan that allow you to afford peace of mind after your working years. Who would want to be worried about money or move into a smaller home for lack of funds in their old age because you did not save up?
Before you arrive at a solution, you need to define your problem well. A sound retirement plan is a money you are tucking away for the final phase of life. Here are a few factors that could overwhelm you:
There is a plethora of information and attractive ads floating around. Whom do you trust here? Based on the information you provide us, we will analyze your finances and options the market offers you, and present to you a report that will help you choose your own transparent investments.
Old age is when most expatriates need to go home and start a new life. That is when your children will ask your support for an expensive university degree. That is also when your expenses will rise, owing to medical and other costs. Start saving today so that old age does not find you stressing about your savings running out, but ready for that world tour!
Allocate your money now, so that your savings accommodate your needs in the future.
Calculations are indicative and should not be taken as an investment advice.
Speak with one of our experts if you have any questions, or if you’re not sure which plan best suits you.
Our team would be delighted to guide you through all of your options and choices.
