Reallocation insurancedeposit

NichtRelevant · 2025-10-30T18:15:02.257798Z

I have canceled my fund-based pension insurance and finally received my credit. The money will be invested equally in $TDIV and $WINC . I triggered the first transaction today, the other will come next week. I want both price growth and distribution. 😊🧨

felipe estupendo@felipeestupendo

5D

Your poverty pisses me off 🤣🤪😅

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felipe estupendo@felipeestupendo

5D

I also had such a pension insurance policy via a fund and also terminated it. My Riester, because I was still employed at the time, and my BAV. Today I'm a happier shareholder and feel better. You can't imagine the cost of something like that. We did everything right.

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NichtRelevant@NichtRelevant

5D

@felipeestupendo That's right. Most of these insurance policies are pretty garbage. Some are less bad than others, but overall they produce a lot of costs and you have a not inconsiderable risk if the insurance company really gets into trouble

I also like the quick liquidation option on the stock exchange. With insurance, you're pretty much tied down. If you need a chunk of money quickly, there's no way of getting hold of it reasonably quickly.

Of course, you also have a lot more freedom when investing. With my fund-based insurance, I was able to choose between a few hundred funds, but ultimately the choice is limited.

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felipe estupendo@felipeestupendo

5D

@NichtRelevant right, limited and still all expensive. I took out mine with the great DVAG back then. They're the ones who take your money and then throw big parties on rented AIDA ships. But I got my costs back from them in other ways. Kind regards

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NichtRelevant@NichtRelevant

5D

@felipeestupendo I was with Aspekta, which was later bought up by HDI.

With Munich Re, however, I am also indirectly involved in Ergo, which at the time celebrated happily in Budapest and gave the sales guys a few incentives.

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Stephan K.@StrahlemannLP

3D

@felipeestupendo as people are always harping on about the costs: Have you ever calculated the tax burden that arises between a free custody account and an insurance benefit? The difference that arises with a certain investment amount is striking and then eats up the advantage of the free custody account that is often mentioned several times over.

In my case, apart from the annual costs for the funds I invest in, they are almost irrelevant and the acquisition fee is also over after a few years.

So it's not all black and white, so do the math and think about it again. For me, it's a reason to take a two-pronged approach... and the fact that I have to pick up the phone for an off-plan payout.

And no...I'm a computer scientist.

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NichtRelevant@NichtRelevant

2D

@StrahlemannLP Hm, I don't think there were any major tax effects for me, as I had to pay all the contributions from my net income.

I asked my insurance company about the tax implications of a buy-back and asked for a model calculation. I called the hotline a total of 5 times and wrote 4 letters. They could not or would not give me a concrete answer. Among other things, I was told: 'You'll see when you cancel. We can only tell you this AFTER you have given notice'. They also couldn't or wouldn't tell me how much I had paid in over the last 17 years. They told me that they didn't have access to the computer and that I should look up the account statements for the last 17 years and add up the contributions myself. After six months, I simply canceled.

To be honest, I never realized that these deposits in the unit-linked pension insurance are apparently not special assets that are separated from the bankruptcy estate of the insurer in the event of the company's insolvency.

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Stephan K.@StrahlemannLP

2D

@NichtRelevant Now it becomes relevant in the payout phase. From the first euro, capital gains tax, solidarity surcharge and, if applicable, church tax are added. In the case of insurance benefits from a deposit of 12 years and drawdown from the age of 62, half of the income is tax-free and the connection costs and ongoing costs seem like peanuts in comparison.

The fact that your insurance company couldn't tell you this would make me consider changing it.

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NichtRelevant@NichtRelevant

2D

@StrahlemannLP I've just done it now and based my own rough calculation on the 'maximum loss', i.e. as described by you, capital gains tax, solidarity surcharge and corporation tax on the delta between the deposits and the market value of the securities.
I gathered the information about half after at least 12 years and 62 from the internet, but I didn't want to wait another 11 years until I reached the appropriate age.

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Jupp D.@JuppDupp

5D

I would have taken an S&P500 ETF instead of $WINC. The costs would be too high for me and the return prospects too low. $TDIV is top!

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NichtRelevant@NichtRelevant

5D

@JuppDupp I know that opinions differ on $WINC. I think I'm just a payout junkie. 😉

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Jupp D.@JuppDupp

5D

@NichtRelevant why then no $JEPQ?

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NichtRelevant@NichtRelevant

5D

@JuppDupp WINC has a little more distribution and a little less US focus. However, I already had JEPQ on my watchlist.

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Jupp D.@JuppDupp

5D

@NichtRelevant I am very satisfied with it

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NichtRelevant@NichtRelevant

4D

@JuppDupp I'll keep an eye on that one. 🙂

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SG@RundesBalli1

4D

I canceled my small pension insurance policy the day before yesterday.
I'll get €6600 back into my account on Monday and it will go 1:1 into the deposit.
The criminals only gave me 2.75% interest.

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NichtRelevant@NichtRelevant

4D

@RundesBalli1 Good decision! 🙂

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MartinB@Martin_b

3D

I'm currently going for $TDIV , $WINC and $JEPQ first here. Then more income towards dividend growth or growth in general. Nice strategy!

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NichtRelevant@NichtRelevant

3D

@Martin_b same here. 🙂

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Aurélie@LuxequityAurelie

1D

Brave to enter at such a high, but similar for me. I also have it with a similar amount. But in the long term, I think these ATH prices are yesterday's lows 😅I'm still holding some cash

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Luca@luca_r1

5D

Why did you choose $WINC? So for this type of Etf?

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NichtRelevant@NichtRelevant

5D

@luca_r1 I was looking for something that has high quarterly distributions. I haven't had a regular job for two years and am trying to stabilize my monthly income in addition to rental income.

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Luca@luca_r1

5D

@NichtRelevant I understand. So, as you described, you're not so keen on price gains here, but really only on the distributions?

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NichtRelevant@NichtRelevant

5D

@luca_r1 That's right. As long as it pays out dividends and doesn't lose too much of its value or deplete its substance, that's okay with me. However, the price of the ETF has also risen slightly so far - despite the distributions.

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Walter S.@Roots

4D

Schön.

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Reallocation insurance->deposit