Transition to retirement

However, many of these same people would also do well to consider the possibility of a lifestyle change once they have retired from their jobs. There are various different ways in which this can be accomplished.

Some of these ways include utilizing asset allocation strategies, having a plan in place for the superannuation and other investments, and also estate planning and financial strategy. One of the most popular and easy solutions that has been around for decades is that of using a superannuation strategy. A strategy is simply a set of investment decisions that an individual makes in order to create a passive, or tax effective, income. The decisions made here will allow the individual to build an emergency fund or other type of money savings specifically for the retirement years. Many of these options also utilize the concept of what is called a “rights” approach. This simply means that the investor will receive a certain percentage of his or her initial investment back upon retirement.

If you choose to utilize a pension or social security retirement strategy then you will probably need to consult a financial advisor. These advisors will typically not charge any fees for their services. In addition to their fees, their advice will be priceless. They can give you valuable insight into how to best utilize your tax-deferred savings for living expenses in the future.

While using a retirement plan will provide you with a nice lump sum upon retirement, you may want to continue working until that money is no longer available. If so then your financial planner should make recommendations concerning what type of employment will be most beneficial at those times when income may be lower. Some people decide to work in a more low-paying position in order to make sure that they continue to work well into their golden years. Other people choose to stay active and choose higher-paying jobs. Either way your financial planner can help you find the job or jobs that will give you the highest likelihood of staying employed at the time that you plan to retire.

One aspect of a financial advisor’s job is to help you develop a safety net. After all, one of the goals of retirement is the ability to live on your own. You should include in your plans any investments that will provide a source of income during the transition to retirement years. For example, your retirement funds may be in a low interest savings account and your Social Security income may be linked to a workplace pension plan. Depending on the type of investment you have chosen the value of your nest egg may change after your retirement is complete.

The tax effective amount of your superannuation or other investment should also be considered. Most people are comfortable with the idea of saving for their golden years but only if the income will be sufficient to support them when they are no longer around. While you may not have a lot of extra money at the start of retirement, it pays to set aside a portion of your paycheck for taxes. Your financial planner can assist you in finding the best tax effective options for your situation. The most common option is a Roth IRA. Consult your financial planner to learn more about Roth IRAs and other tax effective superannuation and investment strategies.

What is Expat Banking In UAE

Some citizens cannot stop traveling abroad and financial management is the most difficult part. One factor you may not be familiar with the shift of currency and its rates.

You and the people you work with will be confused. Thus, as an expat, you should know the currency of the world, even if for a short while.

This dilemma can be resolved quickly by your bank or any bank dealing with international currencies. The banks are still helping you with even more money.

You can have to pay bank services back to your home to pay your water bills or pay property taxes, etc.

Things You Know About Expat Banking
In either country, it can require evidence of employment and residency to open a new expat bank account. You may send a letter from your boss to your favorite or best bank dubai.

In the last three months, there are also banks that could need payment slips.

This can take the form of a leasing arrangement or evidence of possession in your new country as proof of residency.

These banks will provide lower transfers for most banks common to your country as well as your new country.

In one of these branches, you may even want to open an account before leaving your own country. Using banks popular both to your country and to your new country as a tip.

You are asked to pay supplemental taxes in your new land, in addition to your wages and other forms of payment.

That is when money crosses a certain point on your expat bank account. Please note that this is not the only form of taxation that you face, as you are most possibly also taxed from your region.

Off Shore Banking
In addition to offering opportunities for UAE-based customers, Offshore banks offer refuge for the liquid net worth of people working abroad.

It provides you with the freedom to maintain an independent degree of financial independence and leverage over your taxes.

It can also be necessary if the country in which you operate has some political or financial stability and you have to resign before the contract period.

Most offshore investing is tax-neutral, so no interest at source is taxable. That leaves the person responsible for reporting income to the tax authorities concerned and that provides distinct advantages for those who work abroad.

In most situations, you can set up a bank account in the country in which you live so that you can simply make daily transactions.

To cover your living costs, you could arrange to have a part of your wages deposited on the household account and have the rest paid directly to the export bank.

You may also place an order to transfer funds directly from your domestic bank account to your offshore account.

Mashreq Bank Services For Expats
If you are looking for the best bank in Dubai then Mashreq bank offers banking services for expats. These amazing services make Mashreq the best bank in UAE for expats. The procedure of account opening is smooth and convenient.

Equity Investment in Emerging Themes

Investing in ESG Funds are considered to be ‘sustainable’ investing. They are essentially schemes that invest into companies that rank high on environment, social and good governance practices.

ESG schemes gained popularity since 2018 in India. While there are many ESG funds in the market, the Quantum India ESG Equity Fund is one such fund that was the frontrunner in the market. Since then, several players have entered the market. As per AMFI data in December, 2020, the combined assets under management of existing ESG funds in India are at Rs. 9,516 crores.

Socially Responsible Investing (SRI), was the predecessor to ESG mutual fund. Investors are beginning to recognize the importance of weighing both financial and non-financial metrics while making investment decisions. They well understand that lack of foresight on risk and responsibility management eventually translates into lower profitability and valuation. ESG investing aims to achieve the triple bottom line that is good for the people, planet and profits. ESG investing allows investors to express their own values and to ensure that their savings and investments reflect their preferences, without compromising on returns.

Mutual funds that incorporate ESG screening criteria in their equity selection prove to be better long-term custodians of investors capital, provide downside protection, and generate better long-term risk-adjusted returns for your clients.

it is important to evaluate where the companies that the equity scheme invests in faces the risk on account of ESG parameters, as ignoring these risks can have far-reaching consequences.

One might argue that responsible investing is just a passing trend. But a closer look at how the trend has gained momentum over the past 15 years suggests otherwise.

How to invest in ESG Equity Mutual Fund

While ESG equity investments should be on your investment portfolio, it’s best to invest in equities in a staggered manner to counter uncertainty and average out the cost of buying.

This is where systematic investment plans (SIPs) in mutual funds can help you make a disciplined investment route of investing in mutual funds.

Why Business Owners Prefer Outsourcing Digital Marketing Consulting Services

Most of the time business owners are making use of numerous opportunities to make their business reputable and profitable. And, one of the best options is to go online. By having a solid online presence, business owners can accomplish numerous tasks from enticing, communicating and transacting with clients. But, to attain these benefits, it is important to opt for digital marketing consulting services. Below are some of the reasons why business owners prefer outsourcing such service.

To cut down potential expenses

One of the main reasons business owners prefer outsourcing digital marketing consulting services is to cut down potential expenses. Of course, there are business owners who wish to have easy access on their employees. That is why they most likely create their own digital marketing department. Unfortunately, this option can be quite expensive since you need to pay them regularly. Thus, when outsourcing consulting services, you can easily cut down overhead expenses since you will be paying such services only when you need it.

To gain more services in one fee

The next reason why business owners are outsourcing digital marketing consulting services is to gain more solutions in one fee. Since you are working with experts in digital marketing, they have sufficient knowledge and skills in other related solutions that can benefit your business. Because of this, you can opt for such solutions to ensure that you marketing ventures will be better and more successful.

To maintain employee performance

Another good reason why business owners prefer opting for consulting services for digital marketing is to maintain their employee performance. Surely, there are instances when you have employees who have knowledge in digital marketing. However, giving them the task in planning and implementing marketing strategies can stress them out. As a result, some of the tasks may be insufficient or even cause serious problems in your business.

To harness the latest marketing strategies

Finally, outsourcing marketing consulting services will also allow owners to harness the latest marketing strategies. Like other ventures, marketing strategies continue to evolve. Therefore, working with experts that offer marketing consulting services can provide you with the latest and most effective strategies for your business. Not to mention, there are also now better tools that can monitor and determine if your strategies give the results you are looking for.

Knowing all these will allow owners to determine how to improve their digital marketing strategies properly and more efficiently.

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