In a statement, Namaz obtained a copy of it, according to a statement that although more than a third of respondents (34%) expect to retire when they reach the age of fifty-five, More than half of them (53%) expect to retire before they reach the age of sixty, but less than half (48%) have plans to save regularly for their retirement stage.
The survey also finds that only a third saved a portion of their money in an investment portfolio in order to provide them with income in the retirement phase, and half (53%) of those who had an investment portfolio for retirement That the value of his investment is less than 50 thousand dollars, and three quarters (75%) declared that the value of his investment portfolio is less than 100 thousand dollars.
In response to their question about the country in which they expect to retire, four-fifths (81%) said they will return to their home countries, while the rest do not intend to return to their home countries and go to countries Others, Australia, Canada, New Zealand and the United Arab Emirates topped the list of the most popular retirement destinations among them.
Less than a third of respondents (32%) declared that they deserved a government pension in their home countries, and 16% of others were not sure of their eligibility for that, and 52% said % They will not be entitled to a retirement pension in their country.
Chris DeVito, General Manager of Friends Providence International in the Middle East and Africa, said that although 75% of respondents expect to retire when they reach 65 In general, fewer than half of them saved regularly for that stage, but we found that a third of those who regularly save only 10% of their monthly income. Perhaps the most worrying indicator is that 58% of respondents said they intend to save for 10 years before retiring, However, this period is likely not sufficient to fill retirement funds that are able to provide them with comfortable support during what is supposed to be N their golden years.
Based on the research, if they do not take rapid, radical measures to address the issue of pension planning, many expatriates - in the United Arab Emirates - will not be able to achieve a comfortable retirement. That many of us dream about.
As for the monthly income that they target during retirement, three quarters of the respondents (74%) said that ...
