1Semana
Oh well. When this starts next year, I'll only have 12 years left to pay in anyway. I'll take them with me and switch my Riester pension from DWS. it couldn't be worse. I hope that you can at least buy something on a par with the MSCI World. Then I might even see a green light after 20 years when I look into it.
Overall, however, I rely on my portfolio and my pension for my retirement provision and don't need that at all. When I die, I don't care what happens to it, because then I'm gone and I don't care what's left.
My basic preliminary conclusion on this AVD is: too little, too late, but better than nothing at all.
Overall, however, I rely on my portfolio and my pension for my retirement provision and don't need that at all. When I die, I don't care what happens to it, because then I'm gone and I don't care what's left.
My basic preliminary conclusion on this AVD is: too little, too late, but better than nothing at all.
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1Semana
@Solitair Yes, in your special case it makes sense to think about it. It really can't get any worse than DWS.
But the idea that "if I'm no longer there, I don't care what happens to the money" is really nonsense. Because it's also about the fact that the time you're still there could be much nicer with €100,000 in cash instead of +€500 per month.
But the idea that "if I'm no longer there, I don't care what happens to the money" is really nonsense. Because it's also about the fact that the time you're still there could be much nicer with €100,000 in cash instead of +€500 per month.
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1Semana
@Soprano If you pay out €100,000 in cash to someone who can't handle money, then at most a few years later they will knock on the door of the social security fund again and beg for money, then they have achieved exactly nothing with the deposit and that's not the point.
I think this custody account should only be saved as a sideline, if you really want to be wealthy in old age, you can't avoid a large-scale private investment.
I think this custody account should only be saved as a sideline, if you really want to be wealthy in old age, you can't avoid a large-scale private investment.
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1Semana
@Soprano As I understand it, you can have up to 30% paid out in one go at 65 anyway, which you then have to pay tax on at your personal tax rate. Maybe I'll work part-time for the last few years before I retire, then the tax rate will be lower and I can get used to doing nothing.
Otherwise, I don't think it would make any difference to my quality of life, assuming my main portfolio doesn't totally crash.
And I don't think I'll ever reach 100k anyway.
Unfortunately, nobody knows how long they have left, so it's quite a challenge to time how you organize the consumption of capital. You never read that much about it, it's always about asset accumulation, never about asset consumption.
Otherwise, I don't think it would make any difference to my quality of life, assuming my main portfolio doesn't totally crash.
And I don't think I'll ever reach 100k anyway.
Unfortunately, nobody knows how long they have left, so it's quite a challenge to time how you organize the consumption of capital. You never read that much about it, it's always about asset accumulation, never about asset consumption.
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