Retirement Planning
Whether it's right around the corner or decades down the line, we can help you figure out how to maximise your savings so that you can enjoy your retirement however you choose.
When it comes to pension planning in Germany, it's important to have an understanding of the pension landscape and the unique features that each type of pension can provide. Often people speak of there being "three pillars" in the German Pension system.
German State Pension
Rürup/Basisrente
Riester Rente
Company Pension (bAV)
Private Pensions
Personal Wealth
The kinds of pensions vary in the characteristics based on the pillar they're in, whether that means varying degrees of flexibility around retirement age and withdrawal, or differences in the degree of Government support available to assist in building a reliable nest-egg.
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What right for you isn't always a straightforward answer and will depend on factors like your employment status, how long you plan on residing in Germany and what the key factors are for you in building your wealth & retirement fund.
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One thing is for certain: delaying saving for your retirement will make it harder to reach your goals.
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If you want to have something in the region of a million euros by the time you're 67, the amount you need to save monthly increases steeply based both on when you start, and the yield you're receiving:
To find out more about how we can help you secure the retirement you deserve, please get in touch.