Today I got an official statement from my Pension Fund. I knew that this coudln't be good news. While I cherrish the 10 years I lived in the States and would never ever want to miss this amazing experience, well it hurts my pension fund. Since I'm now missing those 10 years.
So I opened that letter...and fell almost from the couch, because I had to laugh so hard. In case I shouldn't add any further payments to my pension fund I will get paid monthly 420,- bucks from the time I'm legally entitled to retire. And that's currently at the age of 68.
I then went to a pension calculator I checked and If I calculate all the pension payments tha will be added till the time that I turn 62 I should be getting a pension of 1600 bucks. It's not the world, but much better. And of course there are options that you can choose from to increase your pension level by the time you plan to retire. I haven't looked into them in full detail. And I will have to figure out what is the best mix here. Higer pension payments into the state owned pension fund or if supplementing your pension through a private fund is the better option. But it could very well be, that even a mix of both options does the trick.
One thing is pretty much certain...I don't have any intention of working full time till the time I turn 68.
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