From FOMO to ZERO bank account? 5x pension savings to the rescue

Whether you enjoy life to the fullest, are a big spender or an endless dreamer, you should know that life doesn't end at 60 – quite the contrary, in fact! Do you recognise yourself (at least a little) in any of the following five situations? If so, now is a good time to think about setting aside some monthly savings to be able to continue doing all the things that pump you up today during your retirement.

1. “Live in the present”

You’re young and you want something – we get it. Festivals, road trips, parties... you may be focusing 100% on paying for your busy family life, a new home and/or car or your own business – to name but a few.

Remember that there will be other points in the future when you will have plenty of time and perhaps fewer financial obligations. At the same time, you may be left with just half of your previous monthly salary once you retire. An extra savings account is far from being an unnecessary luxury.

By putting aside a small sum like EUR 85 (entitling you to a 30% tax refund) or EUR 109.17 (entitling you to a 25% tax refund) each month, you will receive many times over this saved amount in your account later – depending on which pension savings plan you choose. The best news: the sooner you start, the more you end up with.

2. “I’m becoming a crypto billionaire!”

Are you longing to join the crypto game? Digital currencies are still a risky investment, not least due to highly unpredictable prices, security breaches and a potentially unreliable provider. The fundamental risk is that only a very small amount of your original investment will be left in the end.

If you opt for pension savings, you know your money is in a safe place. If you decide you do want to take more risks, you can decide to invest additionally in shares or other forms of investment as part of your pension savings plan.

3. “Eternal life is just around the corner”

Did you ever want to freeze your body – even if the secret to eternal life is unlikely to be found in the next 1,000 years? The fact is that wrinkles and grey hair are inevitable, as is the question: how will you fund your older years when you get there?

Thanks to the latest technologies, we may be able to live to 150 within the next couple of centuries by staying in the best of health for longer. Your bank account needs to be prepared for this, whether it is 2024 or 3024.

4. “Let’s save the planet first”

Money may not be your top priority right now. Fighting poverty, combating global warming, promoting peace, volunteering, offering humanitarian aid... the world certainly needs you. Nonetheless, it is important not to neglect yourself and to make sure you will still have adequate financial resources to continue making a genuine difference once your active career is at an end. In addition, you are sending a simple message to the next generation: be careful with what you have today and think about tomorrow.

5. “We’ll soon all be living on Mars”

Can you really see yourself leaving the Earth behind in your lifetime to go and populate a colony on Mars? A planet that has nothing remotely like an economy (and won't do any time soon), let alone a pension? If so, go ahead and invest in that once-in-a-lifetime (one-way) ticket to the red planet.

In the meantime you’ll likely be missing out on a lot of great things here on Earth. What could be better than experiencing the beauty of our home planet in the company of your favourite people, even when you are older? Maybe you'll be doing it in your second home, at a sunny destination a little closer than Mars?

We can be your wingman for pension savings

All jokes aside: we are the biggest defenders of dreamers, whatever their aspirations in life. At the same time, we are the first to appreciate that life goes by rapidly, making it well worth being smart about investing in your next stage in life.

This is why we’re equally big fans of pension savings. They give you the confidence, while you are young, that you will still have enough money in your bank account after you retire to experience the things that make you feel great. Whether you are 18 or 88 years young.

Want to find out more about what pension savings could mean for you?

Find out all about pension savings