Pension in view: How to secure life after 65!

Pension in view: How to secure life after 65!

Österreich - Pensions are a hot topic for many Austrians, which is often taken seriously too late. 40 years of hard work, just to go to the pension at the age of 65 and hardly be able to afford anything - that is the sad reality that many only recognize when you take a pension. According to Krone , the regular pension for men is set to 65 years, while women also have to work sowing up to 65 until 2033. The important question remains: How can Austria's citizens better prepare for their retirement provision?

save and plan early

A possibility that not many know is the subsequent purchase of school or study months, which in many cases can be financially useful. The pension prevention calculator from fip also offers valuable support to define individual savings goals. By adjusting assumptions such as inflation, desired pension amount and returns, each person can determine their specific needs. So you can realistically estimate how much money is needed in old age to maintain the usual standard of living.

In the calculation, an inflation rate of 2.5 % per year and a desired pension rate of 65 % of the current salary is often taken into account. Younger people between the ages of 25 and 35 in particular should use such tools so as not to miss the entry into retirement provision. Otherwise you risk being financially poorly positioned in old age.