Money in old age is sometimes more burden than pleasure. If the accounts are high balances that are needed to finance retirement, many people with the simple design of its assets formidable problems. This starts with the pressure, the money "properly" to put on and listen to the question, in what products it should be plugged. Here women and men are basically the same difficulties, but their behavior differs from each other.
Men take the stand to have the money, everything under control, but this is a fairy tale. Since women tend to be more honest. In familiar round to give them without much ado, they added that dealing with money. It's no wonder that banks will continue to be the big winners. Them for years while a strong wind blowing in his face. But still, when it comes to money, not just the savings banks in particular, but also the first bank in general election. But that is connected with risks for the private wealth.
Assets can include snow melt in the sun
A single doctor, for example, 60 years old, has sold in recent months their practice. In addition, life insurance companies have become due, and has the power plant, which has become rare in this guild, the age pension paid in one sum. There are also cash and securities, so that about 1.5 million € are on the accounts. This may be at first glance a lot of money, but on second glance, the assets, such as snow melt in the sun.
The doctor is healthy and has the firm intention to be at least 90 years old. Despite her joy of life is the lady concerned about security and want to take with her a half million € as possible any risk. It also expects in the coming years, with annual inflation of at least 3 percent. These are tricky conditions, and who has a little sense of time and interest, guessed the consequences.
Means investing the time to jump out that the interest rate after taxes maybe 3 percent. If a currency depreciation recognized in the same amount, the interest rate tends to zero percent. Ultimately, the 1.5 million € have to be divided by the desired maturity of the former doctor. At 30 years come out € 4200 a month, so the first task seems to be solved. Of these, the doctor is far away. She dreams of every month to spend at least € 5000 can. This leads to severe side effects and risks. At the moment an investment interest is not recoverable from 3 percent after taxes with safe investments. With luck, the investors come to 2.5 percent before taxes. Thereof after deduction of withholding tax remain around 1.8 percent. Consequently, the request for a pension, despite inflation of capital depletion can not be displayed. It amounts to only € 3500 per month.
The pension gap stimulates the imagination
The pension gap 5000-3500 € stimulates the imagination. The first solution is to "increase" of interest. With a pension of 5,000 € to 360 months and paid each year is increased by 3 percent, after expenses and before taxes is an investment rate of 5.7 percent necessary. This is a deposit which consists of bonds, property and shares can not be achieved. Here, with much courage, perhaps 4 percent to reach them. This sentence leads to a "rounding off" of the rest of your life, if the doctor wants to do without at any cost to their monthly pension of 5,000 €. More than 25 years with this requirement is not financially feasible, so that the lady, she was at the age of 85 years to be healthy and well, just "verfuttern" their house must.