I've (almost) always had to work hard for anything. Our pension plan is a joke, after 45 years I'll be lucky if I get 20% of my gross. It seems to me that our state run pension scheme is the master ponzi blueprint after which all the others were modelled.
After paying 14 years of German Taxes also for my pension plan, I am trying to figure out what does it means to leave the German/EU system. I sent an email 5 days ago to the german office responsible for that. No answer yet, my spider senses are telling me it will be a mess.
You can bet your ass on that. My advice: get some good advice!
Yeah. But be careful to find out what “good” is first.
Watch out for advisers. Some of them are on commission to sell you a product not on merit. Despite our reputation here for having somewhat low compliance status here, we had a process called Retail Distribution Review which killed off that model entirely and forced specific charging models on the bastards. Other countries are not so well equipped.
As for pensions, it’s a mess. Diversify is the best advice and if your adviser doesn’t tell you to do that then run away. Don’t throw everything into a pension. Bonds, stocks, pension, ISA, assets.
Key objective is not to make money but stop losing it faster than tax and inflation eats it. I’ve made a better return this year on test gear than investments
![Laughing :-DD](https://www.eevblog.com/forum/Smileys/default/smiley_laughing.gif)
Anyway fintech hat off now.