If you ask middle-aged academics how they feel about financial contracts they signed when they were young, you often see somber faces – our author notes. An overview of useful pension strategies.

Idyll versus reality: some investors let themselves be dazzled by the emotional return on their own home.

Dhe young academics from A for lawyer to Z for dentist are very popular with financial brokers. This is no wonder, because this target group is a hit for intermediaries. People make money. There is a lot of potential in them in the best sense of the word. And regardless of intelligence, they don’t ask many questions about money. These are ideal conditions for covering young people around their 30th birthday with all kinds of financial contracts. Here a basic pension, there a capital insurance, there an investment fund. Investors feel they have laid the foundations for their financial prosperity, and brokers are delighted with the high commissions.

However, the joy on the part of investors is finite. Anyone who talks to academics around their 40th birthday, how they now judge the quality of the contracts they signed ten years ago, looks in many cases into grumpy faces: questionable, expensive, unsuitable, it is often said. The judgments are reason enough to ask which financial contracts young people who have been in the job for a while really need. The answers become clear in the following example.