Then theoretically I should also be able to exchange my Riester contract for a $TDIV, @Get_Rich_or_Die_Tryin?
•
33
•
@Tenbagger2024 I'm not @Get_Rich_or_Die_Tryin but I just happened to read it.
"Holders of old Riester contracts can also think about switching. Although old contracts are grandfathered, you can also switch to a new model without having to pay back the previous subsidy. However, switching, acquisition and sales costs may be incurred - these are capped by law according to the Ministry of Finance."
Source: Tagesschau
"Holders of old Riester contracts can also think about switching. Although old contracts are grandfathered, you can also switch to a new model without having to pay back the previous subsidy. However, switching, acquisition and sales costs may be incurred - these are capped by law according to the Ministry of Finance."
Source: Tagesschau
•
33
•@Aktienorang-Utan Yes, we'll have to wait and see what's possible. Because I already have a decent amount in the Riester contract, and shifting everything into an ETF might be too much of a cluster risk. Although the Riester contract is an even bigger bulk risk.
•
33
•
@Tenbagger2024 yes can be transferred and makes perfect sense
•
11
•
@Tenbagger2024 I'm also curious about the cost of the change. Sounds promising in any case.
••
@Tenbagger2024 costs should probably be a maximum of 150 euros for the transfer. Possibly even free of charge.
Which funds can be used is not yet fixed. It certainly depends on the provider.
I think once it has finally gone through the Federal Council, the big players and all the others will quickly present their plans.
I hope ING does something sensible, my main portfolio is already there.
I'm also very curious to see whether the big insurers are sensible enough to present "normal" costs. Otherwise they will lose many billions that are now in fixed-interest securities...
Which funds can be used is not yet fixed. It certainly depends on the provider.
I think once it has finally gone through the Federal Council, the big players and all the others will quickly present their plans.
I hope ING does something sensible, my main portfolio is already there.
I'm also very curious to see whether the big insurers are sensible enough to present "normal" costs. Otherwise they will lose many billions that are now in fixed-interest securities...
•
11
•@FirstCompounder but won't start until 2027. don't understand why they want to wait another year now
••
@Brody but I don't think that a distributing dividend ETF is allowed. @Get_Rich_or_Die_Tryin do you know any more details?
•
22
•@Migu11 If there are to be fixed products here again, then it will end up like Riester again. And the providers will be lining their pockets. I hope you can choose from ETFs here, without hidden costs
••
@Tenbagger2024 As the law has only just been passed, the products and the exact guidelines have not yet been finalized. The framework conditions also have to be fixed there again first.
Overall, everything has been kept quite general so far. However, due to the earmarking, I assume that only Acc ETFs will be allowed. Anything else makes no sense at all.
Overall, everything has been kept quite general so far. However, due to the earmarking, I assume that only Acc ETFs will be allowed. Anything else makes no sense at all.
•
11
•Doesn't have to be a fixed product, I don't know, fund savers in an insurance wrapper with 1% costs, but free fund switching would possibly be quite interesting :-)
•
11
•