Transition to retirement

Jan 18 2024 Published by admin under Uncategorized

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.

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What is Expat Banking In UAE

Jan 18 2024 Published by admin under Uncategorized

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.

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Equity Investment in Emerging Themes

Jan 18 2024 Published by admin under Uncategorized

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.

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Why Business Owners Prefer Outsourcing Digital Marketing Consulting Services

Jul 06 2023 Published by admin under Uncategorized

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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Benefits of Making Use of Financial Management Consulting Services

Jul 06 2023 Published by admin under Uncategorized

Whether you are a private individual or a company, making use of financial management consulting services can prove very beneficial. These professionals have years of bookkeeping and accounting knowledge, which they use to provide you with a complete consultation service designed to help you maximize your cash flow and make necessary plans for financial growth moving forward.

The first benefit of any financial management consulting service, whether you are a private individual or a company, is that they help you plan and forecast for your financial future. These professionals will take a close look at your finances, your ledgers and your bank accounts. They will identify your assets and then work out an effective forecast based on what they see, helping you identify what to expect moving forward. They will also help you put a plan in place to meet the goals of the forecast, always working to improve your financial situation now and in the future.

The financial management consultants will take their time to analyses and assess your finances. As a private individual they will want to look at your bank statements, identify your spending, work on your income and expenditure. Analysis can help them pinpoint areas where you can reduce expenditure, while offing you a plan to help you build your financial products to achieve financial success in the future.

As a company, they will look at your bank balance and statements, they will identify your assets, they will work on your expenditure and then come up with effective ways to improve income and reduce expenditure, giving you a higher profit margin and an improved cash flow now and moving forward.

The financial management consulting service provider will also offer you effective and accurate reporting on a regular basis. They become your financial business partner, they will work with your in-house bookkeepers and accountants, ensuring that your company receives the most effective service, keeping you updated on progress, providing you with detailed reports and helping you when it comes time to appoint new suppliers, to ensure you continue to enjoy the best prices.

They will make certain recommendations. The benefit of them making recommendations is that their complete focus remains on helping you reduce your expenditure with ways to increase your income. As a private individual, you may not be able to increase your monthly income, but with the help of one of these consultants, you can make your money go further, even possibly making some good sound financial investment options to ensure your savings continue to grow at all times.

It is important that you pay close attention to some factors before you make any decisions and hire a financial management consultant. You want to choose a company that has years of industry knowledge and experience. The good news is that with cloud based solutions these days, you are not restricted to only hire the services of a company in your local area, you can choose a company anywhere in your country, which gives you access to the best management consultants that you can rely on and trust.

Ensure you do your homework, learning as much as you can about the company and the services they provide. Can they provide you with a complete financial management solution? Do they have an easy way for you to furnish them with essential financial information, such as a cloud based computer system? Do they guarantee accuracy and efficiency at all times? These are things you need to know to give you complete peace of mind when choosing your financial management consulting providers.

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SAP Consultant

Jul 06 2023 Published by admin under Uncategorized

A System Application Product (SAP) consultant is generally an independent consultant or employee of a software company, this professional is a specialist in Enterprise Resource Planning (ERP) designed by the German firm SAP. This tool enables corporate customers to manage all of their activities through modular applications sharing a common database. Functional or technical profile, the SAP consultant temporarily joined the headquarters of its customers to ensure the implementation of the SAP tool from A to Z. Let’s give a little background information about SAP per se. SAP is a system in which the different business functions (accounting, finance, production, supply, marketing, human resources, quality, maintenance, etc.) are interconnected through the use of an information system centralized based on a client / server configuration. Consultants are the key team members on Project Team for deliverables. Functional Consultants are normally having a 3 to 5 years of Domain/Business Process knowledge experience in their area. This is followed by formal training in SAP in the relevant module and SAP Certification. The Consultant will be working as a team member under the guidance of Senior Consultants.

The implementation of a fully integrated system can respond accurately and in real time questions such as: “What will happen if I decide to do this?”.

For example, if a company receives an order for goods, you can almost instantly know the consequences of this demand on production capacity, the supply needs of the staff required to accomplish this task, the required deadlines to satisfy this request, on the funding needs, the profitability of the operation, etc.

SAP AG is the largest European software designer, and the fourth in the world. It provides management and maintenance systems to companies of all sizes worldwide.

It is headquartered in Walldorf, Germany, and it has regional offices on five continents.

1. Main missions of a SAP consultant:

- Analyze the processes and the customer’s business.
- Listening to key users to assess their needs.
- Determine the features that come with a standard utilization of SAP and those within a specific development.
- Set existing features based on customer processes.
- Develop specific features.
- Perform tests to validate their operation.
- Write progress reports.
- Place the operationally software and train users.
- Provide technical support.

2. Professional skills

- Mastering a business problem (logistics, maintenance, accounting… ).
- Have excellent technical and functional knowledge of SAP tool.
- Knowing conduct complex projects.

3. Profile

- Good interpersonal skills and ability to listen
- Interest in technical solutions
- Organization
- Rigor
- Analysis capabilities
- Ability to adapt

4. Professional evolution

The classical evolution is to be entrusted with integration tasks increasingly important and even coach a team of consultants.

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Why You Should Hire Digital Marketing Consultancy Services

Jul 06 2023 Published by admin under Uncategorized

Determining marketing strategy for a successful business is a difficult decision. While some businesses have happily embraced the latest strategies, many are still struggling to keep up with trends. Digital marketing can be overwhelming, thus one needs to fully understand the risks and complex challenges. Digital consulting firms can help your business gain a competitive advantage. They help businesses create effective internet marketing strategies that are focused primarily on promoting the business services and products. Moreover, the marketing plan includes expanding brand awareness.

Benefits of a digital consulting company:

Keep up with the latest marketing trends

Every business cannot hire their own in-house marketers for social media updates, search engine optimization, content marketing or even branding news. Businessmen are so buried in their daily tasks, that digital marketing does not have any room to grow, change or evolve. In such situation, experts can be of great help. They are well abreast of the latest trends, tools, technologies to serve the businesses better.

Interpretation of what is beneficial for the company

With a lot of information of digital marketing, businessmen may get confused between best practice and spam. As the search engines are looking for internet spam, it is important to move in the right direction. A team of professionals have the experience as well as understanding to guide in the right direction.

Enhanced knowledge of tools

Digital marketing consultants have worked with every tool. They know what works and what is best for companies in various situations. They have thorough knowledge about every tool and thus a business does not have to spend money on less important overpriced tool. They can guide you properly and help you find the right tool that can save your time while increasing your sales.

Monitor the competition

It is always important to know where your competition lies. Online marketing consultants monitor the performance of the competitors online. They research and find out the digital marketing strategies the competitors are implementing and make sure that your company is way too ahead of them. The consultants provide tips and recommendations on implementing strategies that can make you stay in front of the competition.

Expertise and know how

The experts offer an opportunity for most businesses to increase sales. Every business wants to grow and be successful and thus with expertise and know how, one can achieve best results. An expert always has the background and also focuses on increasing the traffic, leads and sales for business.

Choose your marketing consultant

You may think that taking digital consultation is expensive. But it is completely opposite. If you pick your own in-house team and select the tools required, the overall cost will definitely increase the price of the services provided by experts. Moreover, they are expert in their field and offer exceptional talent without all the cost associated with in-house staff. Hiring a digital marketing consultant is a great step for your business. By making this, you are positioning yourself to take advantage of different digital marketing opportunity.

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Benefits In Hiring IT Consultants

Jul 06 2023 Published by admin under Uncategorized

It’s really expensive to hire full-time employees especially if you’re just starting out. In most businesses, the mentality is that when you find a good employee, hire them part-time or full-time – no in-betweens. Although, this business model may have worked in the past, it will not always be the best strategy going forward. As our technology moves forward at a blistering pace, the need to streamline every business process is quickly becoming a requirement.

With the ways things are looking now, you need to take another look on how you conduct your business operations. Gone are the days where you can simply hire as many people as you like and ignore redundancy within your business. Today, with the use of technology, you can cut corners and still be as productive as you have been. Not only will reducing redundancy within your business cut operating costs, it will also make your business a lot more efficient.

First off, you need to get your business analyzed. You need to hire an independent entity to observe your company to point out any problems and offer solutions. The benefit to it is an external or independent entity will provide another perspective and will not be clouded by relationships with other employees. Basically, there will be no biases and prejudices when you go down this route. On the other hand, when you hire one of your staff to do business analysis for your company, he/she may already have biases and that can affect the way he/she sees things.

What you need to do is hire an IT consultant or a consulting firm with the main goal of making your business more efficient and more profitable. They do this by finding a way to reduce redundancy and find ways to make employees more productive. One example is by automating some of the menial tasks. This would cut work time by a lot. The time saved can then be used for other parts of the business. Another great thing about IT consulting service is you don’t actually have to hire them full-time. As with the job title itself, it’s just consulting. Only call them when you need them. It’s obviously cheaper than hiring a full-time employee. The resulting profit will surely be worth it.

Main Benefits of Hiring Independent IT Consultants

Apart from increased efficiency of your business, you will also gain an outsider’s point-of-view of your business. As stated before, an outsider will give opinions without any biases or prejudices – and this is good for your company. This will offer a new way of looking at your business and will open up new ways of improving it.

Let’s face it, many of the jobs we have are redundant and inefficient. Most businesses are not organized so they end up hiring several employees to do one single job. An IT consulting service company can get rid of these redundancies and use the extra work force to work on something more productive. Distributing your work force into the different facets of your business is the key to increasing profits while keeping operating cost relatively low.

As a businesswoman, I can agree to the fact that an independent company can help streamline your business. Make sure to check several IT consulting firms to give your business the boost it needs.

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5 Tips to Make the Most of Your Medical Consultation

Jun 15 2023 Published by admin under Uncategorized

Consultations with your doctor can be rushed and stressful, and it is common for patients to forget to ask key questions during the actual consultation itself.

While doctors often effectively have an “agenda” of issues to work through in a consultation,such as taking a history, performing an examination and ordering tests, issues of importance from a patients perspective can often be left out, so patients need to think about their own agenda, and what they would like to get out of any consultation. It is important to work out what are the most important questions to ask your doctor to make sure you get the most out of your consultation, and consequently receive the most appropriate treatment, and make sure that your own agenda is addressed?

How can you make sure that you remember to ask the questions that are of most concern to you?

As a practicing physician, here are my suggestions:

1. Do as much research as possible before you see your doctor – let’s face it you don’t go and see your accountant to do your taxes without collecting information beforehand, and thinking about the issues you want to discuss. Do the same with your doctor. The Internet is the easiest source of information to use, and the US Government Agency for Healthcare Research and Quality (AHRQ) has an excellent site where you will find a comprehensive series of questions on many different health topics.

2. Write down your questions – and if necessary take a list with you, including a second copy for your doctor.

3. Prioritize your questions – ask the most important ones first – don’t waste time asking about the payment process when you are really worried about whether you have cancer or diabetes.

4. Take someone with you if you have questions that are really concerning you – two sets of ears are better than one – and make sure you have discussed your needs with your friend or family member before the consultation so that they can help you get answers if necessary.

5 Write down the answers – even if this is just a rapid note. Research has shown that only 20% of the information given during a medical consultation is remembered one week later – but if it’s written down, the percentage recall is much higher.

Asking good questions is essential in any medical consultation, and it is incumbent on patients to take responsibility for their health and find out as much as possible of relevance so that they can make good decisions in partnership with their doctors.

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Fund Raising Consulting Firms Will Help You For Many Years to Come

Jun 14 2023 Published by admin under Uncategorized

Your partnership with a solid fund raising consulting firm may be the difference between success and failure. There are some very important aspects to consider before you start a relationship with anyone.

Long Term Relationship

The first key to realize is that you should be planning for a long term partnership with a fund raising consulting firm. A good company can help you develop key relationships that can last a long time. Since you will be with them for along time it is important that they see your vision or help you to develop the right one.

If you have never worked with a fund raising consulting firm before then you may be surprised at how much they can, and will do to help you and your company succeed. Their goal is to develop a vision and plan for your fund raising success. You must let them do their job!

Let Them Work

One key to working with any company is to let them do their thing and develop the proper plan and mind set. You may have some good ideas, but they may need to do some tweaking to work best. These professionals will be contacting major donors and working to link them up with your cause. They know what these donors want to hear and see before they release precious funds.

The key to working with a fund raising consulting firm is to let them catch the goals and visions you have and turn them into working fund raising campaigns for you. Another key is – If you do not feel a connection then numbers and referrals mean nothing. You have choice who you hire in a consulting company so make it count because it should last for many years to come.

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