Embarking on this new chapter of retirement? Remember, proactive financial planning is the key to unlocking a secure and fulfilling future. Instead of solely relying on any factor, consider staying invested with a trusted financial advisor. They can guide you towards strategic investments, ensuring your retirement is not just stable but prosperous. Take control of your financial destiny and embrace the retirement you've always envisioned!
Absolutely! Planning ahead is vital for a prosperous retirement. A dedicated financial advisor will help navigate the complexities, making your golden years not just secure but truly fulfilling. Here's to taking charge of our financial future and enjoying the retirement we've worked hard for!
*Jenny Pamogas Canaya* is her name. She is a genius when it comes to diversifying holdings. You can verify her for yourself by looking her up online. She is well knowledgeable about the financial markets.
The German public pension has very difficult rules when it comes to paying pension to family members (of course). If you pass away, the maximum(!) pension your spouse would get is 55%, and young kids get maximum(!) 20%. If they have income on their own, they will get a lot less of course. If you want to support your family in case of death, a term life insurance or private pension is probably suited better (private pensions can pay your family the same amount as they would pay you).
If I contribute for more than 5 years but don't end up retiring in Germany, can I still come back after retirement if I choose to live here and get my pension?
When paying 5 years into the German public pension, the average person will get ~175€/month in pension (pre-tax). Without any private pensions or other investments your plan seems difficult.
Hum, i mean if one had work 10y anywhere else, and now is in Germany for at least 5y, what can one expect?... is the European pension already "a thing"?
After working in Germany for 5 years (and paying into the public pension of course), you are eligible to receive a pension when you retire. In that case, just sum up all your public pension points and multiply by 36€ pension point value. As a reference, Axel paid into the public pension a little over 5 years and will receive ±240€/month in retirement. #DontSpendItAllAtOnce 🤑
How can you improve your future pension? Let's find out together: perfinex.de/meeting
Embarking on this new chapter of retirement? Remember, proactive financial planning is the key to unlocking a secure and fulfilling future. Instead of solely relying on any factor, consider staying invested with a trusted financial advisor. They can guide you towards strategic investments, ensuring your retirement is not just stable but prosperous. Take control of your financial destiny and embrace the retirement you've always envisioned!
Absolutely! Planning ahead is vital for a prosperous retirement. A dedicated financial advisor will help navigate the complexities, making your golden years not just secure but truly fulfilling. Here's to taking charge of our financial future and enjoying the retirement we've worked hard for!
*Jenny Pamogas Canaya* is her name. She is a genius when it comes to diversifying holdings. You can verify her for yourself by looking her up online. She is well knowledgeable about the financial markets.
Very very helpful
Nice explanation..
Question in the case of death, where this pension goes? to support your family? or is it lost?
The German public pension has very difficult rules when it comes to paying pension to family members (of course). If you pass away, the maximum(!) pension your spouse would get is 55%, and young kids get maximum(!) 20%. If they have income on their own, they will get a lot less of course.
If you want to support your family in case of death, a term life insurance or private pension is probably suited better (private pensions can pay your family the same amount as they would pay you).
@@PerFinEx Thanks for the clarification
can you choose between public pension nad private pension or you have to contribute in public pension no matter what?
If I contribute for more than 5 years but don't end up retiring in Germany, can I still come back after retirement if I choose to live here and get my pension?
When paying 5 years into the German public pension, the average person will get ~175€/month in pension (pre-tax). Without any private pensions or other investments your plan seems difficult.
Hum, i mean if one had work 10y anywhere else, and now is in Germany for at least 5y, what can one expect?... is the European pension already "a thing"?
After working in Germany for 5 years (and paying into the public pension of course), you are eligible to receive a pension when you retire. In that case, just sum up all your public pension points and multiply by 36€ pension point value. As a reference, Axel paid into the public pension a little over 5 years and will receive ±240€/month in retirement. #DontSpendItAllAtOnce 🤑
@@PerFinEx 😳😳😳 that is almost 20 times less than what i earn right now!!!!!
@@PerFinEx and this amount will decrease by 0.3% per month? right?
This is scary!
Indeed!