Samsung Straight Talk Blue Tooth

needs assessment

Would you, dear reader, dear reader, can tell right away how much your assets for your retirement needs is to measure?

My experience of the past 17 years shows that people underestimate this most ... They do have their own life insurance that pays the age of 65 30,000-€! And that should be enough but in addition to statutory pension! I know that this statement is certainly something formulated Salop, yet it is not far from the truth. "Understand" Many of their pension information not in the way it is meant and interpret the figures in those publications false (see the Post: "How do I check my Pension information "on this blog).

I want you, dear reader, dear reader, give in this paper, a feel for the necessary amount of pension. All calculations were performed here with the EinSeitenPlaner of Dr. Krieg-Beraungsrechner made ( http://www.beratungsrechner.de/ ) For our calculation we assume a 30 year old average earner ( 30.000, - € gross annual income ). He is single, will go with 67 years in retirement and would in our example. a pension build that 1.200, - is € - € per month below its current net income 1545. His reasoning: at the age he has less spending on clothes, no more trips to work and will of course be / he will also save anything.

The first step is to determine the required assets, including the compound interest: would suffice (here 4% pa) to meet the lifelong needs. The commencement date for the calculation is clear: the retirement age 67th Of course, beyond the end only "speculation" are. We are working here from the statistical life expectancy of 30-year-old man, which can be identified with appropriate databases to 92 years. (In this module "life expectancy").

figure 1: asset demand without inflation





Thus, we determine an asset needs of 229 832, - € of 67 Of age. To repeat: this amount is sufficient, the rate of 4% per annum and is, our 30-year-olds up to his 92nd Age (random death) to set the pension of 1,200, - € to secure a monthly basis.

says Well our man, if he of 1,200, - € speaks demand, not the time in 37 years, but what he can now buy it. And here we are almost already at the Master began planning mistakes: forget the savers inflation brought about by the loss of purchasing power. (The concept of inflation, I have already discussed elsewhere - see blog "Finance to touch"). The average inflation rate is 3.1% for the last 38 years, in recent years, it was around 2%, we therefore expect a rate of 2% per year. The result is shown in Figure 2

Figure 2: Investment needs in light of inflation

In my conversations is the customers here are mostly for the first time struck by the calculated values. What do they mean? Basically, this means: you need in 37 years, with annual inflation of 2% of an amount of 2 497, - € to buy is what you are now 1.200, - € costs. "feel" you can be the effect of inflation, if you answer the following questions: what cost the ice ball as a child? What they cost today? What you paid your parents for the newspaper? What do you pay yourself? Accordingly, the balance requirement is 67 years of inflation 588 621, - €!

course has already taken our 30-year-old provision. First, he makes before the statutory pension insurance. Here he expected to be 1532, - € with 67 years of age (Figure 3). He also saves 50 per month, - € in a private endowment insurance, the 67th with the Lebsnjahr is paid (Figure 4). If we consider both forms of screening in its planning reduces the need to 205 105, - Euro. This is still a lot of money, yet more than half done. (Figure 5)

3: BFA pension rights

4: Private KLV

5: to score current pension

Now that were needed and identify current supply situation, there is still calculate what would save our 30-year-old to close its shortfall.


A first approximation: it would generate for his savings amount to no interest, he would have put € 461.95 per month to the side (205 105 37 years 12 months). If we assume the 4% pa, we have adopted for the extraction phase, the amount drops to 282, - € per month - even if that amount is beyond the pale. We know but elsewhere ( time and return ) that can be achieved over long periods of higher returns. We are expecting 7% pa and a dynamic adjustment of the contribution of 6% each year, the initial savings amount is here at 60, - € per month .

We note here that the secret lies once again in the time factor and the early start of the savings process!!


In further steps we will deal with the forms of savings, which for our Savers are also suitable.


(c) All calculations and graphical presentation were performed with the computer consulting Dr.Kriebel created