Retirement from exile
No doubt, every return journey has created depression in the mind. Returning from exile is the same for many. But should the exile life continue until the end of life? According to our work culture, everyone from heavy laborers to government officials are eligible for old age pension. As citizens and contributors to the state’s economy, diasporas are undervalued.
The lives of former expatriates remind us that it is not always possible to continue the exile life due to many reasons. We know that the predecessors who once went to seek work in Burma and Sri Lanka, later left their exile and returned to their homeland. A return is often necessary for political-economic-health reasons; If fate had not brought us down before that.
Although expatriates are successful in achieving these goals of economic well-being, housing, children’s education, marriage and medical care, only a handful are able to generate a sustainable income. Having a proper plan for the house makes that dream come true. With or without a steady income, there are four types of retirement that expats see.
- A planned break. Prepare for the reverse migration once the essentials are completed. This is the most appropriate way to make a planned break in exile. If that is the case, the first step of such retirement is to make sure of which year of the exile life one retires, if one has achieved the necessary financial security for the life after exile, and if one returns to the country, he will get a job.
- The second retirement is deciding to live as an expatriate until the last sweat on your body. Illness or some other emergency situation drives such people to the country. A way must be found for the rest of their lives. Keeping money and saving it for the future or investing it in land, building, shares, gold etc.
- The third retirement is the most tragic. Death due to sudden heart attack, accidental deaths, death in diaspora due to terminal illness; All this is normal today. In today’s scenario where nothing happens without money, saving money is the solution to face this sad situation. Start saving early in your expat life.
- A fourth method of retirement is to migrate and settle in the country of origin. Take citizenship there and live there with your family till the end of your life. People who move to developed countries like America, Canada and European countries adopt this method.
See for yourself which of these four methods is right for you. Although the Creator’s decision is final, we can also have some plans in place to overcome the uncertainties of life.
In short, it is up to each expatriate to decide what their expatriate retirement should look like. As the monthly pension amount that the government intends to provide is only nominal, don’t waste your time expecting it. It is better for the retirement of expatriate life to find out how much money is necessary for him and his family to live without big expenses when he returns to the country and to find a way to get it.
There are people who choose life insurance for their pension plan. There are those who invest in the real estate sector. In big cities, you can see people who have bought a house or a flat and rented it out or sold it for a large amount of money and retired after exile. A decision can be made by consulting with experienced people and friends. If the thought of the post-exile life comes to your mind, take comfort in God’s judgment for the rest.
At the beginning of their expatriate life, many people want to live as an expatriate for a short time and then return home. But even after decades, Pravasakal still can’t see the reality of retirement. To avoid such a situation, it is good to think and plan carefully for retirement. A late-rising wisdom is of no avail.