Many consumers are unaware that some insurance companies do not count their actual date of birth for the contribution calculation, but the year in which the contract is concluded. Anyone who thinks about expanding their insurance portfolio should therefore take action later this year.
Many avoidable mistakes when buying a property
Many Germans want to live in their own home. There they can switch and act as they want. A home is also considered a good precaution for old age. However, to make the dream of the house not a nightmare, there are some points that should pay attention to future owners when buying a home.
Savings behavior of Germans has changed significantly due to financial crisis
Ten years ago, life insurance was still very popular with savers. Two out of three citizens then relied on this form of investment to build up a financial cushion. But due to the financial crisis and the resulting low interest rate phase, the savings behavior of Germans has changed significantly. Now, real estate is the most popular savings system.
No money or ignorance: students are financially inadequate
At the moment, many first semesters are pouring into the universities, laying the foundation for their professional future. In order to be financially well positioned later on, it would also make sense for students to take their precaution as early as possible. But the majority of students not only neglect their financial but also their risk prevention.
Vorsorgeatlas 2017: Without precaution, standard of living is not guaranteed
The good news beforehand: According to the Prevention Survey 2017 by Union Investment, the German pension system works in three shifts to safeguard the standard of living in old age. However, especially young people need to use all three pillars. Otherwise, they are heading for a pension gap of around 800 euros per month.
Germans lose 552 euros a year through inflation and low interest rates
The Germans lose an average of 1.9 percent of their income through investments, the interest rate is below the inflation rate. Savers in Hesse are burning a lot of money due to the negative real interest rate: They are forfeiting 552 euros a year. Even in Bavaria and Baden-Württemberg, the combination of low interest rates and inflation is leading to significant losses.
Mortgage lending: Five tips advisors should give their clients
Future homeowners take a lot of money for their dream home. Often, the credit is in the six-digit range. Some mistakes, however, make construction financing much more expensive. But with the right tips, consultants can warn their customers of pitfalls and make a name for themselves as a competent partner.
New income limit for private health insurance
Employees have to earn a certain income in order to be able to switch to or stay in private health insurance (PKV). Now the probable values for both the so-called annual earnings limit and the income thresholds for the statutory pension and health insurance for the coming year are available.
Home: Germans are in debt with an average of 258,000 euros
Last year, a loan, which consumers have taken to build or buy a house, was between 173,000 euros and 341,000 euros, according to the state. The most expensive loan was in Hamburg, Bavaria and Baden-Württemberg. The financing in Saxony-Anhalt, Thuringia or Mecklenburg-Vorpommern was much cheaper.
Providing with a Riester pension reduces the risk of poverty in old age
The German Institute for Old-Age Pensions (DIA) has recently addressed the question of how high the risk of old-age poverty in 2030 will be. If the pension level drops to 43 percent by that time, the number of pensioners at risk of poverty will increase from the current level of 18.5 percent to 23.8 percent. With a Riester pension, however, the risk can be significantly reduced.