Riester yes or no?
For many financial experts, the question does not arise: Riester yes or no. Despite some criticism, there is no alternative to subsidized old-age provision. There must be reasons why this pension product should usually be superior to others.
Millions of Germans bet on the private retirement provision on the Riesterpension. Not all of them will be able to jump for joy when they retire. Because whoever has chosen the wrong provider has consciously or unconsciously given away a fortune.
Riester pension - state-subsidized old-age provision
Even if luck plays a major role in a long life, money is always part of it. Economic researchers agree on that.
- Statistics provide the rationale for wealthy people living longer. These are ideal arguments for the financial sector because they want to sell money for old age.
- Since 2002 insurers like Banks never tired of praising the Riester pension as a special source of prosperity. The advertising campaign is fueled by government allowances and tax breaks. Above all, a large number of pension insurances are taken out.
Conclusion: yes or no - a question from the product provider
The state facilitates the decision between Riester's yes or no with its funding.
State funding for private old-age provision has not only exclusively ...
- Such allowances and tax advantages do not exist for conventional products. The allowances for a family of four are 908 euros per year.
- With the Riester pension, as with other insurance products, you also have to costs Pay attention to graduation and administration.
- You have to choose a financially strong provider who can guarantee you a high guarantee and surplus pension.
- Consumer advocates have found that with the top tariffs for the same contribution, you will secure a pension that is around 25 percent higher than with weak providers.
- There are no automatic asset payments from the Riester contracts. As a saver, you have to choose the right product type and sign a contract. In addition, allowances must be applied for and all tax advantages used if possible. After all, the money has to be invested over the long term. The contract cannot be terminated prematurely.
If you stick to these points as a saver, subsidized old-age provision is a safe and thoroughly profitable way of making provision. Riester pension: Yes, with a weak insurer: No!
