Ich rate dringend vom Eigenhandel ab, Erfahrung ist entscheidend. Es hat viele Investoren auf dem Markt zu Fall gebracht, und ich kann sie nur wärmstens empfehlen. Ich war fast ein Opfer von Selbsthandelsproblemen.
Der Handel mit einem Experten ist die beste Strategie für Neulinge und vielbeschäftigte Anleger, die wenig oder keine Zeit haben, den Handel zu überwachen.
Ich war so erfreut zu sehen, dass mein Makler auf RUclips darüber gesprochen hat. Genau so bekam ich eine Empfehlung für Frau Angela Cole Carr. Zuerst war ich etwas skeptisch, aber schließlich gab ich ihr eine Spur mit meinem Li
Thank you Axel for this and all the other enlightening videos on the German pension system. Is it possible (and does it make sense) to start contributing to one of those additional pensions when one has not yet reached the minimum of 5 years of work in Germany for getting the public German pension (but one plans to stay to reach that - and even longer) ? A big thank you in advance!
You can find your public pension points in the letter the Deutsche Rentenversicherung is sending you every year. The public pension letter is explained here: ruclips.net/video/D7xhig1h1GE/видео.html
Public pension is the pension from the government (Deutsche Rentenversicherung). Base pension is the private version of the public pension from private insurance companies (ruclips.net/video/1syxi0ATHNI/видео.html). VBL is the company pension of public service employees (ruclips.net/video/MbQccjOeaKs/видео.html).
Does having the level numbers mean that I need to have the previous level first before going on the next level? In other words, should I have Level 2 pension first before having a Level 3 pension?
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@harrisonjamie794 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@georgerobinson2021 I began with a fiduciary portfolio advisor by the name MARTHA ALONSO HARA. She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
@@georgerobinson2021 MARTHA ALONSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
Thanks for the video. It makes the pension system much easier to understand. As you mentioned for expats who don't know whether they will but a house in Germany or whether they will retire in Germany, private pension is the option to go. Do you have a few recommendations on private pension to consider? Also, if I decide to pay into Riester as an expat, can I also only start getting this money at my retirement age? ( Like the public pension?)
I'm happy the video was helpful to you. 😊 To "private pension is the option to go": - It depends whether this expat wants to buy a home for self-use or a real estate investment. - Getting a monthly pension from Germany is not that bad even if you decide not to retire in Germany, right? At least you enjoyed the tax benefits of level 1 + level 2 your entire working life. To "recommendations": - Depends on many different factors: what are you getting this pension for? For how long? Do you eventually wanna use it to invest in real estate? If so, self-use or rent it out? What kind of ETFs/Mutual Funds do you want? Do you want a guaranteed payout? If so, how much? - We can talk about your wishes for a private pension and help you find the best one for you: perfinex.de/meeting To "Riester" - You can cancel a Riester anytime and get your contributions (-tax savings & -state bonuses) - If you wait until retirement age, you can get up to 30% payed out once and the rest will be a monthly pension - Axel
if i come from another country, and i already have a pension account in said country, can i transfer the money into one of the level 1/2 pensions without paying taxes? does it depends on the laws of the origin country? if so what countries have a tax agreement with Germany?
Us citizens can buy ETFs in Germany, just not in standard brokerage accounts. With the right type of pension scheme even US citizens can invest in ETFs. We can help you select a pension scheme in a free meeting: perfinex.de/meeting
Thanks for the Video, what are the options for expat who only plans to live in Germany for couple of years ? Instead of opting in for Level 1 pension scheme where what my employer pays i cant withdraw when i leave the country are there options where i can (+ my employer) can pay into a pension fund where all funds are accessible to be withdrawn ? are these laws the same for an free lancer ?
Great questions. 1. All employees have to opt-in to public pension level 1. If you want to withdraw your savings, you have to go for pensions level 2 or level 3. 2. Freelancers have much more freedom, because they can opt-out of public pension under certain circumstances.
First of all, many thanks for your content, it's really helpful! As an expat in Germany, I was about to opt for my company pension plan, but these clarifications made me confused on what's really optimal for me. What if I want to go back earlier to my home country or anywhere else? What if I needed my capital as a 1-time payout? would make me lose the benefits I cumulated?
Great questions you are asking yourself, because pension planning means long-term planning! This video might help you ruclips.net/video/a4jnkYIrBU0/видео.html or you can secure a free meeting with this link perfinex.de/meeting & Axel will help you find the pension (level) that's right for you.
I am bit confused about deferred compensation , where does it fall in these scheme? My employer is asking if I want to opt for it through R + V versicherung
I’m happy to have found your channel! Great video and information. If I am already contributing to DC and BAV at work, does it still make sense to open a Riester? Are there overall limits to pretax contributions for all options in Level 2?
Thank you for the nice words. 🙂 Pensions level 2 have individual maximum contributions (2021 numbers): - bAV (company pension) offers 6.816€ tax-free & 3.408€ free of social security - Riester offers 2.100€ tax-free & government bonuses (175€ for adults & 300€ for kids) So yes, it can make sense to still secure government bonuses with a Riester despite having a bAV.
Very clear video! I'm a tax lover though, since taxes make a country generally better, see Netherlands and the Scandinavian countries where taxes are quite high ^^
Hello, I have a question regarding Riester pension. Let us consider I pay for Riester Pension for 10 years. Then I leave Germany and move to other country. I won't cancel my Riester pension contract but I wont contribute anymore.. In that case, whether I will get my pension after my retirement?
If you move to another country within the EU: Yes. If you move outside the EU you (officially) have to cancel your Riester pension and will get your money back.
@@PerFinEx Thanks for your reply. its clear now. If I cancel the pension plan, I will get only my contribution back and not the goverment subsidy. Am I correct?
Hi Axel, your videos really help to understand many concepts. I have just two more question. Q1. For level 1 pensions, Can I choose between Public pension and Base pension or I must pay public pension and base pension is optional add-on? Q2. After paying Level 1 pension, can someone also choose Є150/month for Level 2 Reister and Є100/month for Level 3 private pension?
Hi Ariful, good to hear that our videos are helpful to you. Makes me very happy. Q1: As an employee you are forced to pay public pension and all other social security, so base pension would be on top. As self-employed or business owner you can exit public pension and just pay base pension. Q2: You can choose and combine any pension level you want and whichever pension makes the most sense for your personal situation. That's the beauty about the German pension system. - Axel
@@PerFinEx humm..so one MUST be public insured and then combine the other 2? That can be my way to go as an Expat who already pays for a House in my home country, knowing that I will be in Germany for at least 5 years, and then who knows. But if I combine 2 and 3, the benefits of one and another will be separated, right? Like they don't even care if I'm "cheating" with the other one, oder? :)
You are right, public pension (actually all of social security) is always mandatory for employees in Germany. You can only exit as self-employed or business owner. If you would like to get other pensions on top of the mandatory public pension, you will get additional benefits like government bonuses or tax benefits.
Thanks for this video. Can you please clarify if an employed person can opt out of public pension payment altogether and pay it towards one of the above mentioned private pensions? If that's not possible as an employee is this possible as a self employed person? Basically I want to know if it's at all possible to quit public pension and go fully private and maybe pay less and be assured more of my saved money will go to my future. Really find your content helpful, thanks mate.
Ik kan niet geloven dat ik bitcoins heb gekocht en drie jaar heb volgehouden zonder te handelen, eerder dit jaar ontmoette ik een post online, deed wat navraag en kan met trots zeggen dat mijn munten in zo'n paar maanden verdrievoudigd zijn.Toch bedankt voor het delen van dit
Hi. Bitcoin sky rocket above $50k and would hit $100k by Dec. Start buying cryptocurrencies is good they're a huge help down the road for financial progress.
Great, that you want to improve your financil future! You can book a free meeting right here and we will make sure you'll get all the answers you are looking for: perfinex.de/meeting
You need to learn the differences in living costs in India and Germany. In 500 euro, you can't even rent a reasonable 2 room house in Germany and the idea of a getting a 'maid' doesn't exist here.
@@Shubh22 I was in UK for months so I know the cost of living and expenses there are high, what I ment was after 15 years of service what I am getting here is less 500 € is now nothing in Indian cities a flat costs 100k plus !
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
Ich rate dringend vom Eigenhandel ab, Erfahrung ist entscheidend.
Es hat viele Investoren auf dem Markt zu Fall gebracht, und ich kann sie nur wärmstens empfehlen.
Ich war fast ein Opfer von Selbsthandelsproblemen.
Der Handel mit einem Experten ist die beste Strategie für Neulinge und vielbeschäftigte Anleger, die wenig oder keine Zeit haben, den Handel zu überwachen.
Ein Gewinn von 43.000 $, der jede Woche in mein Portfolio geschickt wird, Ms. Angela Cole Car, ist unglaublich.
Ich habe viel über das Handeln und Investieren mit Frau Angela Cole Carr gehört und wie gut sie ist?
Ich war so erfreut zu sehen, dass mein Makler auf RUclips darüber gesprochen hat. Genau so bekam ich eine Empfehlung für Frau Angela Cole Carr. Zuerst war ich etwas skeptisch, aber schließlich gab ich ihr eine Spur mit meinem Li
Ihr guter Ruf spricht bereits für sie. Letzten Monat habe ich über 100.000 $ bei ihr investiert und bereits über 50.000 $ Gewinn gemacht.
Would love to see a separate private pension video.
Separate pension videos with scenarios (e.g. which pension is best for whom) will come in January.
Thank you Axel for this and all the other enlightening videos on the German pension system. Is it possible (and does it make sense) to start contributing to one of those additional pensions when one has not yet reached the minimum of 5 years of work in Germany for getting the public German pension (but one plans to stay to reach that - and even longer) ? A big thank you in advance!
Thanks for providing useful information. Have you done any video comparing pension systems in Germany vs Portugal?
Thanks for the useful information. Shall I able to find my current pension points anywhere?
You can find your public pension points in the letter the Deutsche Rentenversicherung is sending you every year. The public pension letter is explained here: ruclips.net/video/D7xhig1h1GE/видео.html
This system is similar to the US system. Great explanation.
what is the difference between public and base pension? I am in a public VBL pension scheme, what is it?
Public pension is the pension from the government (Deutsche Rentenversicherung).
Base pension is the private version of the public pension from private insurance companies (ruclips.net/video/1syxi0ATHNI/видео.html).
VBL is the company pension of public service employees (ruclips.net/video/MbQccjOeaKs/видео.html).
Does having the level numbers mean that I need to have the previous level first before going on the next level? In other words, should I have Level 2 pension first before having a Level 3 pension?
Excellent question. You can get any level you want and combine independent of each other.
@@PerFinEx Thank you!
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@harrisonjamie794 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@georgerobinson2021 I began with a fiduciary portfolio advisor by the name MARTHA ALONSO HARA. She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
@@harrisonjamie794 Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.
@@georgerobinson2021 MARTHA ALONSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
Thanks for the video. It makes the pension system much easier to understand. As you mentioned for expats who don't know whether they will but a house in Germany or whether they will retire in Germany, private pension is the option to go. Do you have a few recommendations on private pension to consider? Also, if I decide to pay into Riester as an expat, can I also only start getting this money at my retirement age? ( Like the public pension?)
I'm happy the video was helpful to you. 😊
To "private pension is the option to go":
- It depends whether this expat wants to buy a home for self-use or a real estate investment.
- Getting a monthly pension from Germany is not that bad even if you decide not to retire in Germany, right? At least you enjoyed the tax benefits of level 1 + level 2 your entire working life.
To "recommendations":
- Depends on many different factors: what are you getting this pension for? For how long? Do you eventually wanna use it to invest in real estate? If so, self-use or rent it out? What kind of ETFs/Mutual Funds do you want? Do you want a guaranteed payout? If so, how much?
- We can talk about your wishes for a private pension and help you find the best one for you: perfinex.de/meeting
To "Riester"
- You can cancel a Riester anytime and get your contributions (-tax savings & -state bonuses)
- If you wait until retirement age, you can get up to 30% payed out once and the rest will be a monthly pension
- Axel
if i come from another country, and i already have a pension account in said country, can i transfer the money into one of the level 1/2 pensions without paying taxes? does it depends on the laws of the origin country? if so what countries have a tax agreement with Germany?
You are right. It depends on the rules of the pension in your country of origin.
Any suggestions for Americans? So many options are limited. I cannot buy ETF'S in Germany...😢
Us citizens can buy ETFs in Germany, just not in standard brokerage accounts. With the right type of pension scheme even US citizens can invest in ETFs. We can help you select a pension scheme in a free meeting: perfinex.de/meeting
Thanks for the Video, what are the options for expat who only plans to live in Germany for couple of years ? Instead of opting in for Level 1 pension scheme where what my employer pays i cant withdraw when i leave the country are there options where i can (+ my employer) can pay into a pension fund where all funds are accessible to be withdrawn ? are these laws the same for an free lancer ?
Great questions.
1. All employees have to opt-in to public pension level 1. If you want to withdraw your savings, you have to go for pensions level 2 or level 3.
2. Freelancers have much more freedom, because they can opt-out of public pension under certain circumstances.
First of all, many thanks for your content, it's really helpful! As an expat in Germany, I was about to opt for my company pension plan, but these clarifications made me confused on what's really optimal for me. What if I want to go back earlier to my home country or anywhere else? What if I needed my capital as a 1-time payout? would make me lose the benefits I cumulated?
Great questions you are asking yourself, because pension planning means long-term planning! This video might help you ruclips.net/video/a4jnkYIrBU0/видео.html or you can secure a free meeting with this link perfinex.de/meeting & Axel will help you find the pension (level) that's right for you.
Thanks for your reply! I posted the comment before watching the rest of the videos and now I have a better overview. Again, thanks a lot 👏🏼
I am bit confused about deferred compensation , where does it fall in these scheme? My employer is asking if I want to opt for it through R + V versicherung
Deferred Compensation = Company Pension Level 2
@@PerFinEx Thanks you made things very clear. Would love to see your other videos
I’m happy to have found your channel! Great video and information. If I am already contributing to DC and BAV at work, does it still make sense to open a Riester? Are there overall limits to pretax contributions for all options in Level 2?
Thank you for the nice words. 🙂
Pensions level 2 have individual maximum contributions (2021 numbers):
- bAV (company pension) offers 6.816€ tax-free & 3.408€ free of social security
- Riester offers 2.100€ tax-free & government bonuses (175€ for adults & 300€ for kids)
So yes, it can make sense to still secure government bonuses with a Riester despite having a bAV.
Please I work in germany for 4years and letf germany, can I get anything as pension or how can I benefit from this work I did when living in germany?
Very clear video! I'm a tax lover though, since taxes make a country generally better, see Netherlands and the Scandinavian countries where taxes are quite high ^^
What happens to Riester when I change jobs?
As long as you are an employee nothing will happen to your Riester pension.
Yep, its the same here in the UK start young.
Hello, I have a question regarding Riester pension. Let us consider I pay for Riester Pension for 10 years. Then I leave Germany and move to other country. I won't cancel my Riester pension contract but I wont contribute anymore.. In that case, whether I will get my pension after my retirement?
If you move to another country within the EU: Yes.
If you move outside the EU you (officially) have to cancel your Riester pension and will get your money back.
@@PerFinEx Thanks for your reply. its clear now. If I cancel the pension plan, I will get only my contribution back and not the goverment subsidy. Am I correct?
Hi Axel, your videos really help to understand many concepts. I have just two more question.
Q1. For level 1 pensions, Can I choose between Public pension and Base pension or I must pay public pension and base pension is optional add-on?
Q2. After paying Level 1 pension, can someone also choose Є150/month for Level 2 Reister and Є100/month for Level 3 private pension?
Hi Ariful, good to hear that our videos are helpful to you. Makes me very happy.
Q1: As an employee you are forced to pay public pension and all other social security, so base pension would be on top. As self-employed or business owner you can exit public pension and just pay base pension.
Q2: You can choose and combine any pension level you want and whichever pension makes the most sense for your personal situation. That's the beauty about the German pension system.
- Axel
@@PerFinEx Thanks for the details answer Axel. Appreciate it.
@@PerFinEx humm..so one MUST be public insured and then combine the other 2? That can be my way to go as an Expat who already pays for a House in my home country, knowing that I will be in Germany for at least 5 years, and then who knows. But if I combine 2 and 3, the benefits of one and another will be separated, right? Like they don't even care if I'm "cheating" with the other one, oder? :)
You are right, public pension (actually all of social security) is always mandatory for employees in Germany. You can only exit as self-employed or business owner.
If you would like to get other pensions on top of the mandatory public pension, you will get additional benefits like government bonuses or tax benefits.
@@PerFinEx thank you!
What is meaning pension insurance?
Maybe you mean public pension (the German government pension system)?
Thanks for this video. Can you please clarify if an employed person can opt out of public pension payment altogether and pay it towards one of the above mentioned private pensions? If that's not possible as an employee is this possible as a self employed person? Basically I want to know if it's at all possible to quit public pension and go fully private and maybe pay less and be assured more of my saved money will go to my future. Really find your content helpful, thanks mate.
Great question.
Employees have to pay into public pension, only self-employed have the freedom to opt out.
PerFinEx - Personal Finance for Expats in Germany Thanks so much for your response
Can we have only private pension?
As long as you are an employee the government is forcing you to pay into public pension (Deutsche Rentenversicherung).
Ik kan niet geloven dat ik bitcoins heb gekocht en drie jaar heb volgehouden zonder te handelen, eerder dit jaar ontmoette ik een post online, deed wat navraag en kan met trots zeggen dat mijn munten in zo'n paar maanden verdrievoudigd zijn.Toch bedankt voor het delen van dit
Hi. Bitcoin sky rocket above $50k and would hit $100k by Dec. Start buying cryptocurrencies is good they're a huge help down the road for financial progress.
I am interested in the private pension , some numbers and the risk benefits details will be helpful . Thanks
Great, that you want to improve your financil future!
You can book a free meeting right here and we will make sure you'll get all the answers you are looking for: perfinex.de/meeting
Not bad I am getting 500 € / month salary after 15 years of service in India and for past 6 years I am at managerial post!
Good for you!
Good
You need to learn the differences in living costs in India and Germany. In 500 euro, you can't even rent a reasonable 2 room house in Germany and the idea of a getting a 'maid' doesn't exist here.
@@Shubh22 I was in UK for months so I know the cost of living and expenses there are high, what I ment was after 15 years of service what I am getting here is less 500 € is now nothing in Indian cities a flat costs 100k plus !
sounds like a ponzi scheme to be honest....
The German public pension? Then yes. Absolutely corrent. That's why it is so bad.
All other private pensions? No ponzi scheme.