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My pension information 🤑💶🇩🇪📉

(By post dated 02.12.2023)

399€ Future pension (without adjustment)

58.700€ Deposit

10,6 Fee points (see image below for details)

I paid in for 15 years and no longer have to do so as a self-employed person. I save and invest myself, I'm not naive and I don't rely on the state.

-Last year, the ailing German pension system had to be saved from collapse with €108 billion in taxpayers' money or debt/borrowing. And the trend is rising. This insurance has been bankrupt for many years and has not worked for a long time.

-The US-style stock pension (Roth IRA, 401k) is apparently not coming. We don't get a tax bonus for the pension like the investors over there.

-The so-called equity pension is to become "generational capital", which means a small subsidy of €10-12 billion, which will then be invested. This is supposed to be a start, which may be increased in the future. However, it is uncertain whether this will happen. Nothing has been decided yet either.

-Furthermore, it is to be expected that the tax and levy champion of the world will later tax the state pension.

-We can also expect a further reduction in the pension level and, of course, a higher retirement age.

-Therefore, I think it cannot be stressed enough today to reduce consumption and maximize savings rates in order to invest and increase money.

-Financial security also favors better medical care and therefore a longer life. Health insurance benefits will also be reduced or become more expensive. We therefore have no idea how expensive it will be for us as pensioners. It is better to be prepared than to be faced with unsolvable problems and suffer later on.

>How much pension do you say you will receive and how much have you paid in so far?

>>How many pension points have you already collected?

#rente
#aktienrente
#pfandflaschenrente
#sparen
#sparplan
#sparpläne
#geld
#deutschland
#meinung
#hilfe
#vorsorge

PowerWordChill@PowerWordChill

4Mon

I've had a Crypto.com Visa Card (Ruby Steel) for 2 years and get 1% cashback.
You have to look at it this way, you spend the money, with or without cashback, but this way you get 1% off everything (including pet food)
Why not take the 1% with you?

Edit: If you put €10 into a $SPYI every month for 30 years, you'll end up with around €8300 in today's purchasing power, adjusted for inflation.
That's 1100 kebabs or something... 😅

Edit 2: A little thought experiment, imagine your current card provider were to charge you 1% more for every purchase, you would certainly go on the barricades and change providers.
So if it's rational to switch providers when the cost is 1% higher, then it's also rational to switch providers when the cashback is 1%.
Or am I making a mistake here? 🤔

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Dividenden-Penner@Dividenden-Penner

The pension system will not collapse simply because the governing parties primarily want to win elections and one of the largest groups of voters are pensioners. In the future, an additional €200 billion will be pumped in - special assets, national emergency, intergenerational fairness law... the imagination of governments knows no bounds when it comes to maintaining their own power. Unfortunately... 🤷🏼‍♂️

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