The modern pensioner is often referred to as the “Best Ager” because he leads a special lifestyle. He is considered solvent, after all, the children are long out of the house and the home is also paid – so there is enough money to enjoy life and travel around the world, for example. Accordingly, it is not surprising that there are an increasing number of companies that make the elderly their primary target group.
Pension insurance has great weakness
However, one should not be fooled by pictures from advertising. Not all seniors are doing well. Only recently was it in the “FAZ” to read that the over-65s to the second largest debtor group of debt collection agencies have risen. Above all, it is banks that appear as creditors. In other words, more and more pensioners are taking out loans that they can not repay.
This development is no coincidence. The statutory pension insurance has great weaknesses. Anyone who has not paid consecutively during their lifetime or who has not made an average income has to live with a low pension. However, this is not always enough to maintain a decent standard of living. Already, there are many seniors who live close to the poverty line – and their number is expected to increase dramatically in the coming years.
Do not rely on the pension from the state
This makes it clear that no one should take a risk and rely solely on the pension from the state. It is safer to take financial protection measures. It is undoubtedly an advantage if an additional private pension is paid in old age and thus the household budget is improved. The range of solutions offered is large, Riester and Rürup insurance as well as similar financial products make it possible to lay a solid foundation. In addition, government incentives attract additional incentives.
By the way: It does not always have to be about building up a supplementary pension. Even the purchase of a home embodies a measure that ultimately promises more security. After all, it is possible to exclude rental costs and thus reduce monthly expenses.