Financial experts in the UAE say retirement planning should begin as soon as you start earning. Rising living costs and shifting job norms make early preparation essential for financial independence.
The first step is building an emergency fund that covers three to six months of expenses. Once that safety net is in place, the focus should shift to saving—ideally 15 to 20% of income. Contributions can start small but must rise over time: 15–20% in your 30s, increasing to 40% or more by your 50s.
For long-term growth, diversification is key. Recommended options include ETFs, government bonds, DEWS, insurance-linked plans, and real estate. Risk exposure should gradually decline with age.
Those considering retirement abroad must also factor in tax rules, inflation, currency fluctuations, and legal access to funds.
