6G
I’m holding my 1xGTAA stake (15%) through mylife Rente. A 0.2% annual fee for a tax-free vehicle is just about acceptable compared to a broker. 0.4% would be too much for me.
One drawback of a net policy that many people don’t realize is that the ETFs don’t belong to you, but to the insurance company. If the insurance company goes bankrupt, your money is gone. An emergency fund then takes over your claims and pays you 2–3% per year at some point in the future. Then you’re out of luck.
So net policies are okay as a supplement to retirement savings, but they should never form the core of your retirement plan.
One drawback of a net policy that many people don’t realize is that the ETFs don’t belong to you, but to the insurance company. If the insurance company goes bankrupt, your money is gone. An emergency fund then takes over your claims and pays you 2–3% per year at some point in the future. Then you’re out of luck.
So net policies are okay as a supplement to retirement savings, but they should never form the core of your retirement plan.
•
33
•
@Epi Yes, it’s a little different in Austria.
Here, the funds in the policies also belong to the insurance company, but they’re legally required to maintain 100% reserves for these products off their own balance sheet...
I can also imagine taking out two policies with different insurance companies.
We’ll see...
Here, the funds in the policies also belong to the insurance company, but they’re legally required to maintain 100% reserves for these products off their own balance sheet...
I can also imagine taking out two policies with different insurance companies.
We’ll see...
•
22
•