Plan Your Retirement Today For a Better Tomorrow

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February 3, 2020

All trying to tell you about the different types of pensions through complex jargon or confusing you with complicated maths about your salary.

Today we are going to take a more simplistic route to break down the importance of planning for your retirement, into these three key points:

Why is a Retirement Plan Important?

retirement planning

Planning for your retirement is important for a number of reasons. As you get further into your life, your career and your affairs, you might start to realise that you like your lifestyle how it is. 

For most people, when you retire, your pension becomes your main source of income. It’s how you pay for bills, your mortgage and other necessities. 

However, part of retiring is enjoying your time post-employment. You want your money to be yours and to spend it in ways you have always dreamed of.

It’s important to manage your wealth correctly and in a timely manner before it’s too late for you to be able to do this.

To secure the future you want, it’s important to plan what you want out of your retirement. Where do you want to retire? What do you want to get out of your retirement? Have you thought about your family?

Your children or maybe even grandchildren could be positively impacted from the extra money you have put away during your employment.

Retirement is one of the most important life events that many of us will get to experience. We work our whole lives to get to a point of retirement. From both a personal and financial perspective, planning a comfortable retirement is an incredibly extensive process that takes sensible planning and years of organisation.

Once you’ve reached retirement, managing your wealth is an ongoing responsibility that carries well into the golden years!

Even when you’re no longer around to support your family, putting a plan in place that continues to support them financially takes the stress away off, educational costs, first properties and medical bills.

When should you start investing?

he simple answer is, now.

New Zealand, Canada, Australia and UAE having quickly become some of the most popular destinations for retirement.

The UAE has recently changed their laws surrounding expats (individuals who have relocated to the another country) and their right to having a state pension.

In the past, if you moved to United Arab Emirates, you would have been repatriated if you reached retirement age and were no longer employed.

Now, expatriates aged 55 and over are eligible to a five-year retirement visa if they meet the new criteria that has been put in place. 

If you own a property which is worth at least Dh2 million or at least Dh1 million in savings, you could qualify for UAE state pension.

If you haven’t already started saving and investing in your retirement planning, then you should start now. The earlier you start saving, the more money you will have to live comfortably after you retire.

Planning ahead is a crucial step, not only for your future quality of life but for your families.

We aren’t going to confuse you with maths and various sums, but if you do want individualised help and a designated strategy, contact us now.

What Route is Best For You?

family investment

Everybody’s pension plan is different. There are a lot of variables contributing to how you retire. 

When managing your wealth and thinking about how much you should be investing into your retirement plan it can be confusing and overwhelming. It’s important to put a plan into place to ensure your pension plan grows with you and to account for all eventualities. 

The successful organisation of your retirement has lots of potential avenues for investing, saving and reducing your tax, all of which will govern your current and future retirement position.

Prioritising and managing your wealth doesn't need to be complicated, you could simply want to invest in your children’s education, or maybe you're thinking about investing in real estate? Why should you invest in real property in UAE?

Managing your wealth is an exciting prospect, that's why we work with you to give you our expert financial advice on delegating your assets evenly whilst managing any existing assets and or taxation.

We pride ourselves on being knowledgeable personal finance advisors that can utilise your lucrative future in the most effective way as possible! 

At the Ai Investment Group we create custom strategies to position you well for all unforeseen changes or challenges ahead.