Are you ready for your retirement yet?
Comprehensive retirement planning helps you to arrange everything vital for yourself and your family in good time so that you can then relax and devote yourself to all the things you enjoy.
Retirement Income And Investment
A particularly important aspect of retirement planning is income planning. Together we will discuss your ideas about retirement and derive your financial needs from this. We shed light on the primary sources of income in retirements – such as the statutory pension, private pension insurance, rental income and investment income – and explain how they are treated for tax purposes and what you ultimately have at your disposal. If there is a supply gap between your forecast income and expenses in retirement, recommend for you on how you can maintain your standard of living as best as possible. If you have taken out life insurance for your retirement provision, you can look forward to a nice sum of money in the years to come. Together we will discuss how you can invest the expiring life insurance sensibly. A key point in retirement planning is an investment strategy that is tailored to you. Which type of investment is okay for you depends on your willingness to take risks and on whether you want to withdraw your saved assets in full or in regular partial amounts.
The topic of inflation is also taken into account: there are often large sums in comparatively secure checking and call money accounts, which currently have low-interest rates. The capital market, on the other hand, attracts with higher potential returns but reacts sensitively to geopolitical influences. We advise you on alternatives to investing that will not eat up your money by inflation. A stronger focus on real assets can be recommended.
A good, additional source of income in retirement is regular rental income: Maybe you are already a landlord or are thinking about a property as an investment, but shy away from the associated expenses? Let’s talk about how you feel about real estate as an investment – and how you can embed it sensibly in your retirement planning!
Make the right provision: how is your insurance going?
If you are dealing with your future retirement, you should not ignore the topic of insurance – after all, these must continue to suit your life situation even after you reach retirement age. You can then certainly do without some things, for example, labour legal protection. Other insurance companies may offer cheaper alternatives or better services. And last but not least, we advise you on the question of whether you need new insurance in retirement – for example, special accident insurance that supports you in an emergency with a lump-sum payment and targeted assistance.
A possible need for care in old age is also an issue that indeed worries many of us. Rightly so, as the statutory long-term care insurance often does not even cover the running costs. To be well protected in the worst-case scenario – and last but not least, to protect the children from financial access by the state as well as possible – the right care provider is essential. Together with you, we will find out whether, for example, care pension insurance is an option for you, which has a very comprehensive range of benefits, or whether you should rely on necessary protection through care daily allowance insurance. If there is a need for care in the family and the person concerned cannot bear the costs themselves, the spouse or relatives have to pay them financially in a direct line. In many cases, the children are therefore obliged to support their parents. You can find out in our advice about how you can ensure financial security here and what to consider when it comes to parental support.
Arrange Tomorrow Today: Wills, Power Of Attorney And Living Will
Many people feel the need to arrange their financial success while they are still alive. There are many reasons for this: For example, does the legal succession not correspond to your ideas? Do you live in a blended family or a relationship without a marriage license, and would you, therefore, like to make an individual arrangement? Then we will be happy to inform you to what extent you should regulate your estate succession with a will.
Besides, we address two other documents, the power of attorney and living will, with which you can make necessary arrangements at an early stage. The health care proxy is relevant if you – due to an accident, illness or old age – can no longer regulate your affairs on your own. You can designate a person to make personal and financial decisions for you when you are no longer able to do so. In a living will, you specify precisely which medical measures you want in the event of illness or injury – and which you do not. Together with our cooperation partners, we support you in creating legally valid documents in these areas and thus realizing your ideas.