Private retirement provision and free saving alongside financing?

In this forum, income-expense situations and possible loan amounts are frequently and in detail discussed. My impression is that further provisions or savings contributions (excluding [Instandhaltungsrücklage]) are never (?) addressed.

In our case, private retirement provision has been carried out for some time and, for various reasons, in different forms of investment and contracts. One may argue about the usefulness, but now that the contracts exist and most of the closing costs have been paid, from my point of view it is most advisable to persevere.

I also do not want to completely reduce free savings. Although we could pay off more, having a bit of "cash" available (in the future) alongside the (partially paid off) house somehow reassures me...

How do you handle it? Everything into repayment? Or diversify? Or with minimal repayment (2%?), is there nothing left beyond the essentials?

We plan to be done with the financing after 15 years (6% repayment). We won't save much beyond that for now - I am hoping for salary increases, as we are both still quite early in our careers

We are quite broadly diversified. It has been working very well for more than twenty years.
I even have a Riester pension contract since the beginning of the Riester era.
I am just not sure yet if I should continue to contribute to it.
In addition, we apply classical saving for various things.
It is very reassuring and makes it easier to afford one purchase or another, or a car repair.

Besides paying off debts, we also want to continue to afford going to the cinema, vacations, or [the Pizzablitz]. We will have paid off the house in 15 years without having to restrict ourselves.

However, purchases like a garden house or pavilion are only bought after the full amount has been saved.
I like our buffer, so it is virtually untouchable.

My basic attitude:

I. Do not give money to others if I myself have debts
II. Do not give money to others who want a lot of money for little performance ( Abschlussprovisionen)


--> I have no retirement provision

I have an old disability insurance as the main earner, Riester due to the two children and subsidies, as well as a term life insurance for the loan. In addition, my wife and I receive a very high subsidy for the [Direktversicherung].

6% repayment). Not really saving much beyond that for now

In my opinion, parallel free saving would also be possible alongside the repayment. Therefore, I see a clear priority here, as with merlin83 (although no retirement provision is somehow brave, but probably also not true).

I have an old occupational disability insurance as the main earner, Riester due to the two children and subsidies, as well as a term life insurance for the loan. In addition, my wife and I receive a very high subsidy for the direct insurance

Occupational disability and term life are risk insurances and therefore not the topic here. Most people will also have health insurance.

(Well, a pension insurance ultimately covers the risk of "early death/long life." Still, I would consider it as provision/saving; unlike occupational disability or term life, which normally are not claimed.)

Do I understand correctly that those who now, for example, have Riester, already had it before (before the house)? That’s also the case with me...

But did you also consciously say: Besides the repayment, the interest, and the maintenance reserve and a constant existing reserve on the instant access savings account, I *simply* save another 150 euros/month (the amount may vary)? Or do the 150 euros/month preferably go consistently to special repayment?