1Sem.
I won't really think about it until the products come onto the market next year.
A 30% "subsidy" from the state is not bad in itself, plus it's probably tax deductible and there's no withholding tax in the "savings phase" either.
When you retire, you can decide whether there is a guarantee (the size of the Riester scam) or that the capital will be used up by 85. There is also a one-off 30% withdrawal at retirement. Which brings us to the "disadvantages":
1. payout only from 65 (will probably be 70...)
2. one-time 30%, use up the rest until 85 or just as a guarantee until death (have fun going out with +-0)
I will probably save in the SPDR MSCI All Country World $SPYY
and continue my savings plan with TR as usual, possibly reducing it by €150.
My wife is 7 years younger 😄.
A 30% "subsidy" from the state is not bad in itself, plus it's probably tax deductible and there's no withholding tax in the "savings phase" either.
When you retire, you can decide whether there is a guarantee (the size of the Riester scam) or that the capital will be used up by 85. There is also a one-off 30% withdrawal at retirement. Which brings us to the "disadvantages":
1. payout only from 65 (will probably be 70...)
2. one-time 30%, use up the rest until 85 or just as a guarantee until death (have fun going out with +-0)
I will probably save in the SPDR MSCI All Country World $SPYY
and continue my savings plan with TR as usual, possibly reducing it by €150.
My wife is 7 years younger 😄.
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1Sem.
@Hannesjo is not necessarily a problem with the age limit. Even if it is raised. It would just mean that you would need other sources of capital by then if you wanted to retire earlier. I would be relaxed about that. If I wanted to FIRE at 55, the small deposit wouldn't save me anyway. It's just a goodie that you can include in your financial planning, which you should do anyway. At least that's how I see it.
If I were planning to retire, I wouldn't plan to go bankrupt before 85 anyway. I'd be fine with a payout between 67-85.
If I were planning to retire, I wouldn't plan to go bankrupt before 85 anyway. I'd be fine with a payout between 67-85.
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