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    Child savings: German Bank(sparkasse) officer recommended private pension insurance. Is this a nice way to go?

    @viclarita1234567 You saving something for them may mean that the concept of FIRE is not something that they learn.
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    Child savings: German Bank(sparkasse) officer recommended private pension insurance. Is this a nice way to go?

    @viclarita1234567 Your thinking is in the right direction. Make sure that you choose the right mutual fund. Many people choose a broad market index fund. Remember one thing - there will be implications on how your kid handles the money once they are legally adult. So, do factor that into your...
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    What percentage of your assets do you keep invested?

    @mkrist Where can one buy the T-bills you bought?
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    Child savings: German Bank(sparkasse) officer recommended private pension insurance. Is this a nice way to go?

    @dixieheart The consumer center (Verbraucherzentrale) analysed 128 private pension contracts and concluded they are worthwhile only if one lives long enough a turtle. One needs to live until 95 years - way below the average life expectancy of mid 78-83 years - to get any value. In fact, the...
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