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    Capital savings book

    If you are considering a private pension plan for yourself, take the time to make this decision and think carefully. Bear in mind the different risks associated with the individual products. If a high return is promised, the risk is usually also very high.

    Assess your personal situation realistically. If you are not sure whether you will be able to afford payments for your old-age provision in the future without major problems, you should rather refrain from doing so. As a first step, draw up a budget to assess the situation.

    Attention: No reason for a retirement provision model should be to save taxes, obtain a tax advantage or receive a subsidy. This can be changed at any time. It is also advisable to avoid speculative investment products.

    On average, women still receive an old-age pension considerably lower than men. There are several reasons for this. Many women are aware that they cannot rely financially on the statutory pension alone. This is why private pension provision plays a particularly important role for women.