Today, your job is bringing in plenty of money. But what tomorrow when it’s time to retire?

The retirement era is one when you get to sit back and reap the benefits of your hard work. This is the time when you should be able to spend your days in luxurious comfort without stressing about where or how the money is going to come.

Several individuals rarely think about their retirement. The vitality of their youth convinces them that they will always be able to earn their way. However, depleting energy levels of the body with time and increasing inflation rates can make this difficult. To truly retire comfortably, you need to have a retirement plan in place way before you may even to retire. An experienced financial planner in Dubai can help you devise a plan that is best suited to your income and needs.

Start wherever you are

Many individuals think they need to start retirement planning at a later age or when they have more income. However, under the right guidance, you can start planning for your retirement today. Even starting an investment with as low as USD 100 can help you amass a huge nest egg at a later date.

Additionally, don’t worry about recurring payments, even if you are able to add to your retirement fund only once a year, start now. No matter where you are in your salary structure or at what age, starting early is the key to getting the most out of your retirement plan.

Additionally, don’t worry about recurring payments, even if you are able to add to your retirement fund only once a year, start now. No matter where you are in your salary structure or at what age, starting early is the key to getting the most out of your retirement plan.

For expats, this is one of the most critical requirements in retirement planning. Remember that planning for the future isn’t just for yourself, but your family as well. In the UAE, in case of a family member’s death, the Sharia Law is applicable.

Most expats continue to save their earnings in their domestic country’s bank thus leading to legal hassles. By creating an offshore bank account you will be able to secure your family’s inheritance, get better returns and protection on your plans as well as give your family the peace of mind for a better future. To know more you can consult a trustable financial advisor in Dubai.

Don’t underestimate your needs

Another aspect that makes retirement planning feel unimportant is the thought that a lot of money isn’t needed at a later age. However, this can never be taken for granted. With changes in interest rates, inflations and other economic factors, relying on a simple saving account isn’t a good idea. Further, a good retirement plan can help you account for several factors such as critical illness, inability to work, unexpected expenditures and a lot more.

Look at different plans

There is no one-plan-fits-all criteria when it comes to planning for your retirement. You will need a customised plan that takes into account your salary and retirement goals. An experienced investment advisor in the UAE can help you with this. There are several factors to be considered, risk acceptable, return required, long-term or short-term plan etc. Someone with in-depth knowledge of the financial world in the UAE can help you customise the best plan for you.

In addition, you will be guided on different plans that help you mitigate risk and allow for increased chances of returns. By investing in a diversified portfolio, you can improve your chances of higher returns.

It’s never too late

If you are looking to retire soon or have already retired, don’t worry. You can even start your pension plan after the age of 70 years and start receiving an immediate pension. Be sure to consult with a personal financial planner in Dubai at the earliest. Based on your health costs, retirement needs and lifestyle, a financial planner can help you with a retirement plan that offers a suitable pension.

Conclusion

Thus, retirement planning is one of the most important factors to consider when you start earning. Whether you are in your 20s, 30s or at any age, consult an independent financial advisor in Dubai today to start securing your future. To begin planning your retirement and ensuring a luxurious future, connect with Rafiya today.


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Dr Rafiya Mushtaq is an experienced financial planner will be able to navigate through your requirements, obligations, goals and earnings and streamline a path that is perfect for you. Remember, by planning now, you can secure your future in your present!

To begin securing your future with a customised financial plan, connect with Rafiya today.