3Mon
It is questionable why there are so many options for pension provision. But a lot is important.
I have a unit-linked Rürup and a unit-linked private pension with HDI (from Tecis), each with 110 euros 3% dynamic.
As far as I know, you can't cancel them (Rürup). On the one hand, I think I'll keep it running even if I invest a lot in ETFs and pay a bit more for the funds, but have fixed money for the pension. But it would probably be smarter to cancel it and put it in an all world
I have a unit-linked Rürup and a unit-linked private pension with HDI (from Tecis), each with 110 euros 3% dynamic.
As far as I know, you can't cancel them (Rürup). On the one hand, I think I'll keep it running even if I invest a lot in ETFs and pay a bit more for the funds, but have fixed money for the pension. But it would probably be smarter to cancel it and put it in an all world
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3Mon
@Maddy-0 Have a look at what the conditions are for the "fixed money in the pension", usually under 3%pa on the initial capital with complete capital waiver. At first I also thought "having is better than needing". But when I compared this to a simple ETF savings plan, I was very disillusioned: what are they doing with my money?
Then I realized that the armies of representatives and employees in their glass palaces have to be financed...
Even $XEON is better. So it's best to get out of this system. And if that's no longer possible, then at least don't throw any more money into it.
Then I realized that the armies of representatives and employees in their glass palaces have to be financed...
Even $XEON is better. So it's best to get out of this system. And if that's no longer possible, then at least don't throw any more money into it.
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3Mon
@Epi I would roughly say (in my experience) that if you have a Rürup or private pension plan (unit-linked) like me, you should know that you have to give up your 1% more because funds are naturally more expensive than an ACWI. In the end, the only question is how much you really have to pay or how high the costs really are. I guess half of them don't even know exactly what they are paying. (I count myself among them)
Because you don't have any idea how much money is actually in it. At least for me. The only advantage is probably just that you can't see the money and can't touch it so quickly and in the end you know that you'll get a certain amount as a pension
Because you don't have any idea how much money is actually in it. At least for me. The only advantage is probably just that you can't see the money and can't touch it so quickly and in the end you know that you'll get a certain amount as a pension
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•3Mon
@Epi The only question is where there is a tax-relevant advantage or protection if you have such a unit-linked pension insurance. Laying them on top of each other 1:1 would probably show it, but there may not be as big a difference as you think
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3Mon
@Epi Are you currently doing any calculations? It's probably difficult because every insurance company has different costs etc.
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3Mon
@Maddy-0 You know my calculations for my occupational pension. I'm currently working on my pension plan. The devil is in the detail. For example, 15% partial exemption for pension plan payouts vs. 30% in the ETF custody account every year. No insurance agent would tell you that! 😅
The costs of my pension plan are transparent for once. However, you have to find out for yourself what impact the costs have on the return.
If the costs are not transparent, they are usually around 3-4%pa (this was the case with my old Allianz contract). If the provider then still gets a brilliant 3-4%pa market return, then you can be happy if you get the deposits out (as with my old alliance contract).
The costs of my pension plan are transparent for once. However, you have to find out for yourself what impact the costs have on the return.
If the costs are not transparent, they are usually around 3-4%pa (this was the case with my old Allianz contract). If the provider then still gets a brilliant 3-4%pa market return, then you can be happy if you get the deposits out (as with my old alliance contract).
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3Mon
@Epi Unfortunately, most contracts are not really transparent. In my case, for example, I only have the amount I pay with dynamics etc. But I don't see any costs etc
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•3Mon
@Epi then I would probably have to ask my advisor if he can send me the contracts/costs?
If an all world costs 0.2% and is taxed at 70%, you have to put how expensive the product is next to it, as you say. As far as I know, I have classic ETFs. Just had a look:
45% Ishares MSCI world
25% Ishares Core Emerging markets
20% Ishares Msci Europe
10% Ishares C MSCI parcific ex Japan
Once with the private 110€ and with the Rürup 100€
In principle, the costs should not be too immense
(All done at VolkswohlBund via a Tecis advisor)
If an all world costs 0.2% and is taxed at 70%, you have to put how expensive the product is next to it, as you say. As far as I know, I have classic ETFs. Just had a look:
45% Ishares MSCI world
25% Ishares Core Emerging markets
20% Ishares Msci Europe
10% Ishares C MSCI parcific ex Japan
Once with the private 110€ and with the Rürup 100€
In principle, the costs should not be too immense
(All done at VolkswohlBund via a Tecis advisor)
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