Loan Restructuring, Retirement Planning & Dubai Real Estate Insights | Personal Finance Weekly #001

Welcome to Personal Finance Weekly!?

With this newsletter, we want to make personal finance simple and easy to understand. With correct guidance, you can make choices that align with your goals. A qualified financial advisor can provide tailored advice based on your financial behaviour for peace of mind.

Each week, this newsletter will be your go-to guide, filled with insights, tips, and strategies to support you at every step of your financial journey.

This week, we’ll explore:

1. How to Restructure Your Loan?
2. Are You Prepared for Retirement? Here’s What You Need to Know.
3. Real Estate in Dubai.

1. How to Restructure Your Loan?

Loan restructuring is a way for borrowers facing financial difficulties to renegotiate loan terms and avoid defaults. It offers relief by adjusting repayment schedules, lowering interest rates, extending loan tenures, or deferring payments temporarily.

For example, a borrower struggling to meet EMI obligations might request their lender to extend the loan term, reducing monthly payments to fit their current financial situation. Borrowers can also explore balance transfers to another lender for better terms.

Common reasons for loan restructuring include delayed repayments, multiple debts, high-interest loans, or financial distress due to job loss. The two primary restructuring options are:

• Loan Modification: Adjusting terms such as tenure, interest rates, or payment schedules.
• Debt Settlement: Negotiating a reduced lump-sum payment when repayments become unmanageable.

While loan restructuring provides much-needed relief, it may involve additional charges and can impact credit scores. Borrowers should evaluate the terms carefully and work with their lenders to find the best solution.

Discover how loan restructuring works and when it’s the right choice for you.

2. Are You Prepared for Retirement? Here’s What You Need to Know.

Retirement may seem far off, but planning now is crucial for ensuring a secure and comfortable future. With rising life expectancy and increasing medical costs, proper planning is more important than ever. A solid retirement plan ensures you maintain your lifestyle and cover unexpected expenses without worry. Here’s how you can start building a strong retirement plan.

Why Retirement Planning Matters

Retirement planning goes beyond just saving money. It secures your financial future, protecting against rising costs and ensuring independence:

• Longer Life Span: People are living longer, requiring more funds to cover extended retirement years.
• Inflation: Prices will rise over time. ?50,000 today will be worth ?2,14,594 in 25 years with a 6% inflation rate.
• Medical Costs: Healthcare expenses increase with age, and planning helps cover these costs.
• Lifestyle: Planning ensures you can maintain the same standard of living in retirement.

80% of People Fail at Retirement Planning, Be among 20%, connect with us and start planning for your retirement.

Click here to connect with our qualified financial advisor ?? https://1finance.co.in/retirement-planning

Key Factors for Asset Allocation

Smart asset allocation is essential for a strong retirement plan. Consider these factors:

• Risk Appetite: Younger individuals can afford higher risks, while those closer to retirement should focus on safer options.
• Time Horizon: A longer investment horizon leads to better compounding returns.
• Goals: Align your investments with your retirement goals to ensure all future needs are met.

Strategic Investments for Retirement

A diversified portfolio is key to a secure retirement. Investment options include:

• Public Provident Fund (PPF), National Pension Scheme (NPS), Employees' Provident Fund (EPF): Low-risk, government-backed options.
• Equities and Mutual Funds: Higher returns with market risk.
• Fixed Deposits, Gold, Real Estate: Stability with moderate returns.

By starting early and investing wisely, you can secure your retirement and enjoy peace of mind for the future. Watch the complete masterclass here.

3. Dubai real estate: Everything you need to know?

Dubai’s real estate market is everywhere—from luxury properties on social media feeds to influencers promoting it as the ultimate investment. But is the hype around Dubai real estate truly justified, or is it just a bubble waiting to burst?

Dr Anand Menon, Dubai’s Most Influential Sales Trainer and GCC Leader Brand 2023-24, reveals what’s fueling Dubai’s real estate craze, why investors find it so appealing, and what to know before diving in.

Is Dubai real estate the golden opportunity it seems, or is there more beneath the surface? Watch the episode now.??

Whether you’re just starting or looking to level up your financial game, we’re here to guide you every step of the way.

Get in touch with one of our qualified financial advisors to create a personalised financial plan for yourself. Click here.

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