Retirement accounts like 401k & (Roth) IRA are very popular in the U.S. Does Germany offer similar pension plans? 🤔 Germany's pension system consists of 3 different layers: Level 2 is very similar to the 401k with employer match (at least partly). Level 3 is like the (Roth) IRA that offers tax benefits in the payout phase. See the full details about 401k, Roth IRA, and the German pension system in this Personal Finance Q&A Highlight. ----- Participate in our Personal Finance Q&A Livestreams and ask your question: Personal Finance Q&A Playlist: ----- PerFinEx - Personal Finance for Expats The #1 English-Speaking & Independent Financial Planner in Germany ----- Set yourself up for financial success! Text Us on WhatsApp: +49 175 50 30 773 Book a meeting with us: ----- Like & follow us on Social Media! Instagram: Facebook: LinkedIn: ----- The content of this YouTube channel is provided for informational, educational, and entertainment purposes only and is not intended to constitute accounting, financial, legal, and/or tax advice. Consequently, you should not rely upon any information contained on this YouTube channel for accounting, financial, legal and/or tax advice. Further does the content of this YouTube channel not constitute, and should not be construed as, personal financial advice or a recommendation to buy, sell, or otherwise transact in any investment including any products or services or an invitation, offer or solicitation to engage in any investment activity. Consult a professional financial advisor or conduct your own due diligence before investing. Neither Axel BrĆ¼ckner nor PerFinEx makes any representation, warranty, or guarantee about the accuracy of the information contained in this YouTube channel or in links to other YouTube channels or websites. Videos are prerecorded. This YouTube channel is provided "as is,“ and does not represent any outcome or result from viewing of this channel. Viewing of this YouTube channel is at your own risk. There are risks associated with investing. Loss of principal is possible so an investor may get back less than the amount invested. Past investment performance is not a guarantee or predictor of future investment performance. None of the information or analysis presented are intended to form the basis for any personal financial decision, and no specific recommendations are intended. It is strongly recommended that you seek professional personal financial advice before making any personal financial decision. Any personal financial decision you make should be based on an assessment of your personal situation, professional situation, assets, liabilities, and risk tolerance in consultation with your personal financial advisor. You enjoy this YouTube channel and its contents only for personal, non-commercial purposes. Neither Axel BrĆ¼ckner, PerFinEx, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind....(read more)
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