German Pensions: The 6 Biggest Mistakes You Want to Avoid
The German pension system is very complex, so it is important to make smart decisions and avoid mistakes. We show you the worst ones.
Dr. Chris Mulder
Published on Nov 27, 2022 . Updated 4 months ago
The German pension system is complex and, unfortunately, this makes it easy to choose the wrong products and make unwise investments. These mistakes can eventually be disastrously costly, and especially painful when investing to secure your retirement. After all, exactly what we want and deserve after decades of hard work: is a financially secure golden age, or even better; an early retirement. Nobody wants to knowingly squander this important long term goal by choosing the wrong products, or investing in the wrong direction altogether.
To help you in achieving a secure retirement, we have compiled the six worst mistakes to avoid at all costs when it comes to pension investments. We also reference what you might do instead.
Table of Contents
- Mistake #1: Choosing a Pension Insurance With a (Partially) Guaranteed Return
- Mistake #2: Choosing a Product for the Tax Benefits & Ignoring the Costly Strings Attached
- Mistake #3: Choosing an Annuity/Fixed Monthly Pension
- Mistake #4: Choosing a Pension Product With High Fees
- Mistake #5: Not Investing Enough in Stocks
- Mistake #6: Actively Managing Your Stock Portfolio
