Private retirement provision, occupational disability insurance (BDI), savings rate

2015-07-07 00:01:06

Hi, Comparison calculation with us: Regular income she: 1755 euros Regular income he: 2650 euros ================================== 4405 euros She: DEBEKA LV60 Alte Leipziger AU65 DWS retirement provision Riester92 ======================== 217 euros He: Riester139 AU179 AU263 ======================== 281 euros Provision + AU = 498 euros Other monthly expenses She: 250 euros (car fuel/taxes/insurance, fitness, mobile) He: 250 euros (joint insurances, 40 euros building savings) Fixed costs without housing: about 1000 euros. Housing costs: Warm rent, electricity, internet: 1000 euros. After deducting fixed costs, we therefore have 2400 euros left. If we don’t watch the money, we blow about 800 euros together per month on food/personal care/clothes/fun/gifts, etc., but that is already a lot. Usually rather 600 euros. We have about 1600 euros left per month to save. Vacations and other purchases are paid through tax refunds and quarterly bonus payments (700 euros net/quarter). What do you spend monthly on your retirement provision / disability insurance? Possibly overinsured? Have you tried a household budget book for your other expenses?

Our expenses are higher both for disability and retirement provision (about 650 euros) and for living costs. That you call 800 euros total per month “blowing” confirms my thesis that perceptions differ greatly. I find less than 15 euros per day per person anything but “blowing.” We like to cook, buy consciously and sustainably, go to the theater and – as said – also occasionally eat out well. We do excursions, I go to the stadium and so on. What might be worth mentioning: We live in a very expensive city: Stuttgart.

2015-07-07 03:07:15

Then you really have a very good basis with the income. But do you, as a civil servant, need BU and AV? Or was that only related to your partner?

2015-07-07 06:56:17

Then you really have a very good base with the income. But do you need BU and AV as a civil servant? Or was that only related to your partner?

That is an interesting question. If you believe my older colleagues, you don't need it. But almost all under 40 see it differently. I have a special civil servant pension plan, where part of the contribution is a BU. So 2 in 1, so to speak. However, my partner rightly takes more precautions. I would still say that our base is solid. It is not very good, because we live where we live, and because our equity is still too low.

2015-07-07 08:47:16

For us, there are higher expenses both for disability insurance and occupational pension (about €650) as well as for living costs. That you call €800 total per month "wasting" confirms my thesis that perceptions are very far apart. I find less than €15 per day per person anything but "wasting". We like to cook, shop consciously and sustainably, go to the theater and – as said – also eat out well from time to time. We take trips, I go to the stadium and so on and so forth. What may be worth mentioning: We live in a very expensive city: Stuttgart.

Hi, the regional factor certainly plays a role here. Stuttgart is rather an expensive area; my flat Rheinland is not so much. Many things are still bought well and cheaply here from the local farmer instead of the trendy city organic market :) Additionally, it’s a matter of personal priorities. Live a little first, or focus directly on saving for your own place? Everyone is different there. Fairly, I must also say that I additionally have employer-funded disability and occupational pension insurance; with another employer, my contributions would also be significantly higher.

2015-07-07 09:04:18

Hi, the regional factor certainly plays a role here. Stuttgart is rather an expensive area, my flat Rhineland not so much. Many things are still bought well and cheaply from the farmer around the corner here instead of the trendy city organic market :) Additionally, it's a question of personal priorities. First live a little or focus directly on saving for something of your own? Everyone is different. Fairly, I have to say that I also have an employer-funded occupational disability insurance and retirement plan, with another employer the amounts would be significantly higher for me.

I agree with you on everything. Just one thing: Stuttgart is not rather expensive, but very expensive ;)

2015-07-07 09:15:53

The salaries are correspondingly higher for that. So everything is relative. And certain things cost the same nationwide, whether I earn 3000 net or 1500 gross.

Private retirement provision, occupational disability insurance (BDI), savings rate

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Sebastian79

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smodon

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Musketier