The transition into retirement requires careful planning and preparation to ensure financial security. Here are some important questions and strategies that are of great significance for private investors and small investors:
1. Pension
The statutory pension is the foundation of retirement provision in Germany. It is mandatory and is financed through contributions made during working life. The amount of the pension depends on the number of contribution years and earnings. Currently, the retirement age is 67 years, with early retirement possible without deductions after 45 contribution years.
2. Company Pension
The company pension scheme (bAV) provides additional security in retirement. Employers can bear the contributions alone or employees can use part of their salary for the company pension through salary conversion. For amounts up to 322 euros per month, no social contributions are due, and up to 644 euros are tax-free. Company pensions can be adjusted to the regular retirement age of 67 years.
3. Additional Income
Additional income in retirement can be achieved through various investment strategies. These include:
- Private Pension Schemes: Products such as Riester pension or Rürup pension offer tax advantages and can be used for additional security.
- Investments: Investments in stocks, funds, or real estate can yield returns over the long term, but require a certain level of risk awareness.
4. Investment Strategies
Important investment strategies for private investors and small investors include:
- Diversification: A balanced investment structure that includes various asset classes can minimize risk.
- Long-term Investment: Long-term investments often provide better returns than short-term ones but require patience and a certain level of risk awareness.
- Tax Optimization: Take advantage of tax benefits through targeted investment decisions to maximize net returns.
5. Financial Planning
Careful financial planning is crucial for the transition into retirement. Here are some steps:
- Budgeting: Create a budget that considers your expenses and income in retirement.
- Risk Management: Identify potential financial risks and develop strategies for risk reduction.
- Consultation: Utilize the help of financial advisors to meet your individual needs and goals.
By comprehensive planning and utilizing additional sources of income, you can ensure financial security in your retirement.