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You probably already know…the Economist recently wrote an article about the large retirement pension gap between men and women. There is a strong and pernicious gender pay gap (ranging from $.40 for women vs. $1.00 for men in Angola to $.88 for women vs. $1.00 for men in Rwanda according to the World Economic Forum). I was proud to see that the UAE, where I live, is ranked 8 out 135 for wage equality. Regarding Europe, Mercer recently released a report showing the size of women’s pensions is 40% less than their male counterparts. 

If you have lived in the UAE for any length of time you know two things: 
Investing in our children’s education today will make all the difference for their future. It is a demanding world and we want out children to be capable of competing well. We also want our children to experience the highest quality of education for their own personal enrichment. Every parent wants the best for their child, but being able to pay for it is not always easy.
 
Why You Won't Be Able To Retire

The vast majority of us save money and invest it so that when we are older we don’t have to work anymore. We would like to think that the financial advisor managing our money does so with our best interest in mind. But does this really happen?
 

My grandfather told me once that you can have all the money, all the prestige, but if you don’t have your health, you don’t have anything. 

Ahmed and Fatima (names changed to protect confidentiality) signed up for critical illness and term life insurance. They were in their 50’s at the time and in good health. Several years later Ahmed was diagnosed with early onset Alzheimer’s disease at the age of 59. With his particular policy, Alzheimer’s disease was covered if diagnosed before the age of 65. The paper work was submitted and after about 6 weeks they received the lump sum payment for Ahmed. Fatima could not afford to stop working, so she used the lump sum to pay a friend to care for Ahmed during the day so she could work. This was a challenging transition for both Fatima and Ahmed, but with the insurance pay out it made the transition much more manageable. 

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