Retirement provision and children's education in financing?

Our retirement provision is our house and the pension(s) we receive.

As soon as the child is out of the house and we no longer want to live in the house because it is too big, it will be sold and we will move into an apartment or directly abroad ([Heimat meines Mannes, Sonne, Strand und Meer :)]). The money from the sale will then be spent, that is our plan.

Our daughter will soon be 11 and since her birth the child benefit has been saved in a separate account. As soon as she takes a path that might require financial support, for example, if a driver's license is needed, we would support her with that.

From today's perspective, that’s it. Because we believe that our daughter should work her way just like we did.

Unlike my husband and me, she will probably at least inherit something.

Property, the much-maligned Riester pension, which Father State subsidizes me with 4 children at 2/3, and additionally a company pension. Two inheritances will also come eventually (preferably much, much later).

It will be enough, otherwise we'll be eating through our children :D

We do not have an explicit retirement plan (anymore), because it had become too expensive. We have the house, hopefully we will still be able to save later, and we should also inherit a bit, plus the state pension, that should be sufficient.

We have 2 children, currently still of elementary school age. In terms of performance, both will be able to attend the Gymnasium, and whether they then study is up to them. We both studied without much help from our parents or Bafög, but mostly financed ourselves through work and child benefits. Our children will simply have to do that as well. Studying is inexpensive in Germany. We live in a university town. If they want to study something completely exotic in Munich, they will have to arrange that themselves through scholarships or similar. There is some support, but they will not be financed. It certainly did not do us any harm to manage on our own.

I find it interesting how many people say that the children have to manage it themselves. The fact is that a degree in the case of initial training currently has to be co-financed by the parents, even with fairly low incomes. If they don’t do that, the children can legally demand it. Whether the family break caused by the statement "I had to do it myself too" is justified is something everyone must decide for themselves. For me, it is out of the question to support my children according to my possibilities. I didn’t have these possibilities; it would have made many things much easier. And that certainly wouldn’t have harmed me either. Instead, I see what experiences others were able to have, for which I had no time and no money. And at that time I did not yet recognize the advantages of it. Maybe a bit polemical, but I don’t think that working during studies would compensate for the educational deficits of the time before. Regardless, child benefit for 18 years is already quite a lot. You can do a lot with that. We also save it for our children, in their name, and they can then use it as they see fit. Whether it’s a round-the-world trip, a car, or the casino… their money, their experiences. Regarding retirement provision... savings plans, a house with rental possibilities, company pension and pension should hopefully be enough. The house will be paid off in ten years, so there will also be enough time for reserves. And then the first one might start studying as well.

I believe most people here were not about throwing the children out of the house at 18 and saying fly! Rather, that full financing of the Munich studio or Berlin loft is simply not feasible. By the way, with the obligation to finance the offspring’s education, the right over the regular place of residence could also come into play. Yes, parents have the right to say, sure, you can study Romance Medieval Studies, but then you live in your 11 sqm room.

Hello,

my wife and I also still have retirement provisions in the form of subsidized direct insurance policies.

Otherwise, regarding studies. I am of the opinion that the son has to manage on his own sometimes. Studying in Germany is cheap. The children should be able to cover their living expenses on their own. It's part of life.