PENSION PLANNING

Have you heard of what a pension plan is and the importance of pension planning? A pension plan is a type of retirement plan that requires an employer to make contributions to a pool of funds that are set away for a worker's future welfare. The pool of funds is invested on the employee's behalf and the earnings on the investments create income for the worker upon retirement. The employer is then obligated to pay according to the terms of its pension plan. Many people in the U.A.E. don't have access to such pensions (the end of service benefit being the only thing close to it) and often turn to financial service companies to help them out. Working with such companies, can help explain the difference and help you plan for your financial future. Nevertheless, understanding what a pension plan is and a retirement planning is essential to help fund your retirement and achieve retirement security, which also includes social security, and individual savings. Your pension helps you to maintain your standard of living during retirement while your savings provides additional income for unpredicted expenses. 

If you are looking for retirement/pension planning help, do contact us at www.investexplained.com. With a decade of experience in the industry and a network ready to be put at work for the benefit of our clients, InvestExplained.com’s goal is simple: to always work in the clients' best interest and to cut away the industry jargon. Secure your financial future!