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Retirement provision

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Additional retirement savings are more important than ever in today's world.

The past is behind us, a time when one could rely solely on the state pension for individual retirement planning. The pension level, which describes the ratio of the pension to the last average net income, has been declining for years. Currently, it stands at only 48 percent and could fall to as low as 43 percent by 2030. Private retirement savings are therefore essential for many people. The motto is: the earlier you start, the better. Even small, regular contributions can build up a substantial sum over the long term. The three classic pillars of retirement savings are available:

Discover the perfect retirement savings solution for your needs

For your private retirement planning, trust experienced and reputable advisors. Our independent and friendly consultants can assess your individual situation and provide valuable tips on investing and retirement planning. When developing your personalized strategy, our pension and investment experts consider the following key factors:

Your age
Your average gross/net income
The individually expected basic pension (according to the pension information sheet)
Your monthly available investment volume for retirement savings
Your personal retirement goals
The suggestions of our consultants and clients

Our team offers free and non-binding consultations on topics such as private retirement planning, taxes, asset protection, and disability insurance. We are happy to assist you with your individual needs.

Tailor-made solutions for your
Financial security in retirement: Effective retirement planning

The for Germany statutory pension insurance This forms the first pillar of retirement provision. Employees automatically contribute to this, but statutory pension benefits will continue to decline relative to wages in the future. Therefore, it is important to make additional provisions for retirement.

In the company pension schemes, Employees in the second tier can make additional provisions through their employer. Various options exist, such as the classic employer-funded company pension or salary sacrifice, where employees contribute their own money through the company.

We are happy to support you in selecting and designing company pension schemes, taking into account individual needs and financial possibilities.

The private pension provision forms the third pillar and includes various products such as the Riester pension, private pension insurance or fund savings plans.

We provide our clients with comprehensive advice on these products and their advantages and disadvantages. We help you analyze your individual needs and develop tailored retirement strategies. In doing so, we also consider tax aspects and the long-term profitability of the products.

As insurance brokers, we are independent of specific insurance companies and can therefore compare a wide range of products from different providers.

We are happy to be your competent contact persons and will accompany you throughout the entire retirement planning process, ensuring that the chosen strategy meets your individual requirements.

Thanks to our professional expertise, our clients can make informed decisions about their retirement planning. We support you in optimizing existing contracts or designing a comprehensive retirement strategy.

The art of retirement planning: Properly secured for the future

Retirement marks a significant life milestone that requires careful planning to ensure financial stability and a fulfilling quality of life. Proper retirement planning is crucial for reaping the rewards of decades of work without financial worries. In this guide, we explore the fundamental steps and considerations to keep in mind when preparing for retirement. From assessing your financial needs to creating a long-desired lifestyle, we offer insights and advice to help you develop a tailored retirement plan. Whether you're approaching retirement or just starting your career, early and thoughtful planning can mean the difference between uncertainty and peace of mind in your golden years.

Why plan for retirement now?

The thought of retirement may seem a long way off for many people, especially those still in the midst of their careers. Nevertheless, early retirement planning is crucial, and here are some reasons why it makes sense to start now:

Financial security: Retirement requires a stable financial foundation to maintain your desired standard of living. The earlier you start planning, the more time you have to save money, make investments, and ensure your financial security in old age.
Time for adjustments: Planning early allows you to prepare for unexpected life events and financial challenges. You can develop strategies to respond to unexpected expenses or health problems.
Flexibility in your pension choice: Planning early gives you the opportunity to explore different pension options and choose the one that best suits your needs and goals. You can also consider how to optimize your social security benefits.
Health and well-being: Planning for retirement allows you to consider your health and well-being. You can take early steps to stay fit and healthy, which can significantly improve your quality of life in old age.
Wealth transfer and estate planning: If you plan for retirement early, you have the opportunity to carefully plan your assets and estate. This can help minimize taxes and ensure that your wealth is passed on according to your wishes.

Overall, planning for retirement early is an important step to ensure you can fully enjoy your retirement without financial worries or unexpected problems. The earlier you start, the better prepared you can be for this important phase of life.

The average pension gap:
A challenge in retirement

The average pension gap is a key issue in retirement planning, affecting many people in their retirement. It refers to the difference between the income seniors need to maintain their standard of living and what they actually receive from their pension and other income sources. This gap between financial needs and available resources can significantly impact retirees' well-being. In Germany, the average pension level is approximately 40% of the average working income. This means that many retirees face a substantial pension gap from the outset, as 40% of their final income is often insufficient to maintain their standard of living in retirement.

The pension gap can mean significant financial insecurity for retirees. Seniors may be forced to lower their standard of living, tap into emergency funds, or rely on support from family members. This can lead to stress, anxiety, and a reduced quality of life.

It is important to start saving for retirement early to minimize the pension gap. This can be achieved by saving in pension accounts, investing in high-yield assets, and regularly reviewing your retirement plan.

Your contact persons

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Philipp Badent

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Jannis Klemm

Your contact persons

Philipp Badent

Jannis Klemm

Insurance

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Unit-linked pension insurance (ETF)

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Occupational pension scheme

Real estate investment

Insurance

Unit-linked pension insurance (ETF)

Occupational pension scheme

Real estate investment

Benefit from our extensive expertise in the field of retirement planning.

With us, you have insurance brokers at your side who possess extensive expertise in the field of retirement planning.

Our expertise extends in particular to the following topics: Rürup pension, Riester pension, immediate annuity, private pension insurance, company pension scheme.

We offer you independent and transparent advice, where your individual needs are our top priority. We work with you to assess your financial situation and develop tailored solutions for your retirement planning.

We take into account factors such as your age, income, retirement goals, and risk tolerance. With our in-depth expertise and digital advisory platform, we support you in shaping your financial future in the best possible way.

Our services

We offer comprehensive retirement planning services to ensure secure and convenient financial protection in your retirement. Our insurance brokers are here to help you find the right solutions for your individual goals and needs.

The Rürup pension (basic pension) is a government-subsidized private pension plan that offers tax advantages. It is particularly suitable for self-employed individuals and high earners who want to optimize their retirement savings from a tax perspective.
The Riester pension offers a government subsidy and potential tax advantages, making it particularly suitable for employees and families. Regular contributions allow you to build up your retirement savings and benefit from government support.
If you want immediate pension payments, you can opt for an immediate annuity. This provides you with a lifelong monthly pension, offering financial security in retirement.
With a private pension plan, you have the opportunity to build up individual retirement savings through regular contributions. We would be happy to advise you to find the right pension plan for your needs.

In addition, we offer support with company pension schemes, where you and your employer can jointly plan for your retirement. Together, we'll find the optimal solutions to structure your retirement savings and ensure a worry-free future.

Frequently Asked Questions (FAQ)

Why is individual retirement planning particularly important these days?

To maintain one's accustomed standard of living in old age, relying solely on the state pension is often insufficient. Therefore, private retirement savings are essential for financial security.

Why is a private pension insurance policy recommended?

A private pension insurance policy allows the policyholder to receive a lifelong pension tailored to their individual needs and financial circumstances. It offers flexibility, security, and the option of receiving the full accumulated capital as a lump sum in retirement.

What are the advantages of a Riester pension?

The Riester pension can be advantageous for certain groups of people, such as families with children, because it offers government subsidies and tax benefits. It can be particularly attractive for people with low incomes, as it helps them build up private retirement savings in addition to their statutory pension.

What other retirement savings contracts are there besides private pension insurance?

Aside from private pension insurance, there are other types of retirement savings such as company pension schemes, statutory pension insurance, and the Riester pension. Each of these contracts has its specific advantages and disadvantages, which should be carefully examined in light of individual needs.

How can qualified advice on retirement planning be helpful?

Professional, precise advice on retirement planning can help you develop a suitable strategy and understand the different options.

What should absolutely be taken into account when planning for retirement?

Several important factors play a role in retirement planning. These include age, income, individual retirement goals, the contract term, and risk preferences. It is advisable to thoroughly analyze these factors and develop a long-term strategy.

What role do funds play in financial security in old age?

Funds can be an attractive option for investing in various asset classes and generating long-term returns. It's possible to invest in diversified funds and benefit from their appreciation.

How high should the annual savings amount be for retirement?

There is no single answer to this question, as the required amount depends on various factors. These include the desired standard of living in retirement, the age of the policyholder, and their individual financial situation. Expert advice can help you consider all relevant aspects.

What tax advantages does a private pension insurance offer?

Private pension insurance is one of the retirement savings products for which no tax benefits are granted. This means that the contributions you pay into your private pension insurance are not tax-deductible as special expenses.

Is it advisable to start planning for retirement at a young age?

Yes, it's advisable to start saving for retirement early. Starting early gives you more time to build up capital and benefit from compound interest. Even small, regular contributions can lead to significant retirement savings over a long period.