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submitted 2 days ago* (last edited 2 days ago) by schneewiese@feddit.org to c/asklemmy@lemmy.ml

I say 'in Germany' because there's where I reside, a welfare state.

We don't have 401K here, but public retirement systems, mandatory.

My employer also matches what I put in a small state pension system up to 50 euros. Not really much, better than nothing.

What number do I have to reach for a decent retirement? Retirement age: 67 years old.

Is it enough to save or do I have to invest?

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[-] chobeat@lemmy.ml 1 points 2 days ago

Also consider the form of these savings. Keeping everything in financial assets might be very dangerous on the very long term. The chances of a world war and/or a financial collapse of the West are relatively high and you don't want a hyperinflation crisis to destroy all your savings. It happened in Germany, it is happening again in some parts of the world, it will happen again.

this post was submitted on 18 Jan 2026
27 points (90.9% liked)

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