centro virtual de arte argentino
Menú
Índice de dossiers
Algunos dossiers
Misconceptions about retirement planning
Information about retirement planning abounds. Which assumptions are not correct? We explain the 10 most common misconceptions about old-age provision.
The search engine shows almost six million hits for the keyword "old-age provision" - if you want to get an overview of the options for old-age provision, you sometimes have to spend a lot of time. Due to this wealth of information, it is not surprising that some misconceptions about old-age provision persist. We have compiled ten common misconceptions for you below.
Riester pensions are not worth it
Investors often assume that Riester pensions are only worthwhile for large families, low-income earners or high earners. In fact, the Riester pension makes sense for a wide range of customers. However, they benefit from it in different ways: On the one hand, there are the state allowances, which add up for families with children, for example. On the other hand, there are tax benefits that are available to high-income earners.
Inflation does not play a role
In times of low inflation, this effect is underestimated. In the long term, however, inflation can be expected to lead to a decline in purchasing power. At two percent inflation, the ECB's target, 1,000 euros in 30 years is equivalent to a purchasing power of only about 550 euros. It is therefore essential to take this factor into account. The return on investments should therefore at least cover the rate of inflation.
Real estate is sufficient as the only retirement provision
Real estate is a cornerstone of wealth creation. It should be noted, however, that real estate prices develop, among other things, depending on the attractiveness of the location. If the home is to be sold at the beginning of retirement, the attainable purchase price may be lower than expected. If, on the other hand, the apartment or house is to be used by the owner, then expenses for renovation and maintenance must be factored in. These cannot easily be covered by the state pension.
Shares are not suitable for retirement provision
Shares are better than their reputation and they often generate attractive returns. What is important for retirement planning is that you invest in a diversified portfolio and that fluctuations can be waited out. Equity funds are recommended for diversification. If the prices at the start of retirement do not match the target values, you should be able to fall back on other investments first. Stocks in mt5 or stock funds should therefore only represent a part of the retirement provision, which, however, can shine with good returns.
The state pension is sufficient
That the state pension is enough is probably the biggest misconception. Even though many people are aware of this, the importance of private and company pensions is still underestimated. As the previous misconceptions show, additional old-age provision is already possible with small amounts of money.
Conclusion:
Regular saving, even of small amounts, is worthwhile
Riester pensions make sense for a broad group of people
Returns achieved should at least compensate for inflation
Real estate is only one part of retirement planning
Shares offer attractive returns
Private and occupational pensions close the gap between state pensions and retirement benefits.