If you want to increase your pension from your own savings when you are older, you should start taking precaution as early as possible. The more time left to retire, the easier it will be to raise enough capital for a perceptible pension subsidy. But how much money do you have to save for 500 Euro pension? And how much do you have to put aside monthly to get this amount?

500 years pension subsidy for 25 years

How much you have to save for a 500 Euro pension depends on your age and of course, when your retirement begins. 25-year-olds still have 42 years until the statutory retirement age. So you have 20 years more for wealth creation than a 45-year-old. It is easier for them to raise enough capital to raise their pension.

How much money you need in total depends on how long the pension subsidy is to be paid. If you are between 25 and 45 years of age, your statistical life expectancy is 81 and 82 years, so you would receive 14 to 15 years from age 67 onwards. For security reasons, however, you should expect a significantly longer pension period – at least 25 years. This reduces the risk that they run out of money.

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Capital requirement for 500 Euro pension

First, find out how much wealth you need to be able to pay off the pension for 25 years. Above all, the money should be secure during retirement. A high return is no longer a top priority. For example, you can transfer your savings to a classic savings account. In the last 15 years savings deposits brought here on average 1.5 percent interest. From this account you then set up a monthly payment plan.

In the first year they pay monthly 500 Euro pension. Thereafter you should increase the pension to make up for inflation. The average inflation rate since reunification is 1.7 percent. At this level you should also increase your pension every year. You must take this dynamic pension increase into account when calculating the required capital.

Also keep in mind that capital gains are taxable in principle. Withholding tax and solidarity surcharge are due on interest income – with members of a religious community, church taxes are added. The result: You need a total of 160,000 euros for a pension subsidy of initially 500 euros, which increases each year by 1.7 percent. In this example we counted without church tax.

Save for the pension: put on stocks

The amount of money you need to spend each month to build that much capital depends on two factors: your age and your return. The sooner you start saving, the more time you will have until you retire, and thus capital formation. How much this will be becomes very clear later on when calculating monthly savings rates.

The return has just as much influence. Even with 45 you still have 22 years left until retirement. That’s enough time to bet on high yielding assets like stocks. Pay attention to a wide spread. This is particularly easy and cheap with exchange-traded index funds – so-called ETFs. With the purchase of fund shares, they invest not only in a single share, but in all the stocks of a large stock index ‘- in an ETF on the DAX, for example, in the 30 largest German stock companies.

Funds as investment: How to find the optimal fund

Although stocks and stock indices are sometimes subject to significant price fluctuations. But the long investment horizon allows you to simply sit out temporary losses. This relativises the risks.

Historically, investors who have invested in the DAX and have held their shares for at least 15 years have never suffered losses. This is confirmed by data from the German Stock Corporation. Over a period of 22 years, a DAX investment has never dropped less than 5.2 percent average annual return. In the last 22 years, there were on average even 8.3 percent – despite intermittent price falls during the financial crisis or the collapse of the New Market at the turn of the millennium.


You can not achieve such returns with savings account or overnight deposits. Currently, Tagesgeld brings even with the top providers only 0.6 percent (as of April 2018). Interest rates are unlikely to remain so low over the long term – ten years ago, overnight money averaged 1.91 percent. But the return potential of stocks does not have call money.

More about: interest rates and interest rate forecasts for savings and lending rates

Create strong returns, start early enough

However, you need a high return if you want to increase your pension. Until you retire, you need over 160,000 euros to pay off 25 years 500 euro pension – after taxes, mind you. Also on your price and interest gains in the Ansparphase incurred withholding tax and solos.

The older you are already, the more important is a high return. With the current daily interest rate, for example, a 45-year-old can only save enough money for a 500 Euro pension with iron discipline. With an interest rate of 0.6 percent, he would have to pay just under 574 euros every month to make enough money to retire. Not even half as high is the required savings rate for a DAX investment, if the return of the last 22 years remains constant. Then 243 euros per month would be enough to make enough fortune for 500 euros pension subsidy.

If you are younger, it is easier. If you already start saving at the age of 25 and earn the average DAX return over the last 22 years, you do not even have to set aside 50 euros a month for a 500-euro pension subsidy.

To the advisor: 100 Euro per month save – long-term assets build

Guaranteed lifetime increase the pension

However, savers should be aware of a problem: With a pay-out plan, the pension subsidy is not guaranteed for a lifetime. In our calculation example, you would have used up your savings when you turned 92.

A private pension insurance, however, pays the pension guaranteed a lifetime. To be able to give this guarantee, the insurers must, however, carefully calculate. Cheap direct insurers are already demanding over € 150 a month from a 25-year-old for a € 500 pension if this is to increase dynamically each year.

Another alternative is the private immediate pension. She too is guaranteed to pay for a lifetime. Until your retirement, you can save on your own for your pension and then pay all the capital as a one-off payment in a pension insurance. Depending on the provider, you also need around 160,000 euros in capital for a 500-euro annuity with annual dynamics.

Now calculate your immediate pension

However, both the private pension insurance and the immediate pension have a catch: Depending on the contract your pension entitlements are either not or only partially inheritable. This is different in the payout plan. Here, remaining property passes with death into the estate, so that the heirs benefit from it. In our calculation example, that would be almost € 79,000 after 15 years of retirement.

500 Euro pension is not always worth the same

Incidentally, when planning your pension plan, you should not forget the depreciation of value through inflation. It depends on when you retire how much € 500 pension will be worth. For example, assuming an inflation rate of 1.7 percent annually, 500 euros in 22 years would have only a purchasing power equal to 345 euros today – another 10 years later, it would only be 292 euros.

To the advisor: Daily and fixed – that makes the inflation of your savings

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800 million euro loan against Spanish credit crunch

Berlin – The Federal Government is helping Spain fight the severe credit crunch in the eurozone crisis country. The German state bank KfW grants the Spanish promotional bank ICO a loan of 800 million euros. Through the ICO Spanish commercial banks will then again give fresh money to medium-sized companies, which should create jobs for unemployed young people.


Image: Euro coins as gears 

“With the loan, we want to support small and medium-sized enterprises in Spain,” said Finance Minister Wolfgang Schäuble (CDU) after the credit signing on Wednesday in Berlin.

In the severe economic crisis, Spanish companies have long been barely getting loans or only high interest rates. The Confederation assumes liability for the 800 million loan, which should also be understood as a sign of solidarity. Germany is criticized because of its austerity measures in the debt crisis, especially in southern Europe. Minister of Economic Affairs Philipp Rösler (FDP) stated: “As in Germany, small and medium-sized enterprises in Spain are also crucial for growth and prosperity.”

According to the Spanish industrial minister José Manuel Soria, the cooperation with the German promotional bank KfW has a model character: “Europe must break the national boundaries of financing of companies, which has caused the crisis especially in small and medium-sized enterprises.” Similar loan aids were previously discussed for the crisis countries Portugal and Greece.


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They denounce the case of a family that faces an eviction for non-payment of 900 euros

They denounce the case of a family that faces an eviction for non-payment of 900 euros

Ganemos presents a motion to the Plenary requesting urgent help

The PAH-Stop Evictions of Santander and Cantabria denounces the case of a family that will be evicted on November 5. He explains that the family signed a rental agreement in September 2014 and they paid the deposit and one year in advance. Nine months later, in June 2015, the owners of the house filed a lawsuit for non-payment of supplies – for an amount of 932 euros – and in September a judge issued the judgment of eviction.

According to the platform, Luis and Rocío are both 46 years old. Rocío is replenishing and since 2004 she is unemployed. For his part, Luis has worked in the hospitality sector and in recent years he only finds waiter work two or three months per season. They have two children, one of 20 and another of seven.

They signed the contract in September 2014 and paid in advance 6,600 euros, corresponding to one-year monthly payments, in addition to the one-month guarantee (550 euros). However, in June 2015 the demand for eviction was filed. At that time they still had to pay three months, that is, 1,650 euros and the corresponding guarantee. In total, 2,200 euros.

The debt, for supplies, that the family had at that time was 932 euros and the court of first instance No. 2 of Santander issued a sentence just over two months later.

Antonio G. Javega, Stop Evictions activist, explains that "when this family came to us we did not understand why the lawsuit was filed in June, at that time I did not owe anything because there were still three months to be paid. The express eviction constitutes an abuse in itself, but in this case, in addition, there have been a series of events that make the case more "bleeding." It is not only the speed of the eviction, but at the time of the eviction. really there was debt. "

The platform warns that currently the family is in a "desperate" situation, since "they do not have resources and, therefore, if nobody redresses them they could end up in the street". Therefore, the platform has initiated a series of steps at all levels to stop it without having to face a stop eviction protocol.

He has met with different parties, with the Social Services of the Santander City Council and the responsible councilor, with the regional president, Miguel Angel Revilla, and this same Tuesday, with the mayor of Santander, Iñigo de la Serna, to find a solution to the problem.

Motion to win

The Ganemos Santander Yes Can party has submitted a motion to the City Council requesting urgent help for this family, either through one of the homes owned by the Consistory or a grant of 100% of the rent. "The town hall has social housing to meet the need of this family, it is a question of political will," says councilman Ganemos Santander Yes Can, Antonio Mantecón in a press release.

The PAH-Stop Evictions explains in another press release that until now "they have not received a positive response" and the Social Services of the City Council have informed them that they do not have at this moment of housing for this family. However, the platform believes otherwise: "We believe that they have enough houses to deal with this type of situation, and the bureaucracy remains in situations of extreme need," he says.

According to him, in the meeting with the mayor they were told that "the only thing that the City can offer at this moment to the affected family is the hostel for passers-by Princess Leticia. For Javega, "the Candina hostel is not an adequate space to house this family, it does not meet minimum conditions, we only ask for one floor for a few months until their situation is resolved, it is not asking for the moon," he said.

Revilla, on the other hand, "has not offered anything acceptable," according to platform activists. "We are waiting for a call for a government presidency but, of course, it is not reasonable to send this family to Valderredible," comments Javega in relation to the offer of a social rental house in the Campurrian area.

The Platform for People Affected by Mortgages (PAH-Stop Evictions) of Santander and Cantabria meets every Tuesday at the Civic Center of Cisneros Street. You can contact the platform at 717701571 or through the email pahsantandercantabria@gmail.com.

Another eviction in Santander on the 13th

For its part, the Platform of Affected by the Mortgage of Santander (PAH Santander), has denounced the case of another family in the capital that faces an eviction on November 13.

As explained in a press release, it is a middle-aged marriage of Santander and his nephew, in foster care, who stopped paying the mortgage five years ago and two weeks ago received the launch order.

According to PAH Santander, they owe the bank more than 180,000 euros and ask to stay in the home paying an affordable rent, 30% of their real income. The platform will try to avoid eviction in the meeting that will be held this Thursday with the entity.

This platform meets on Tuesdays at 6:30 p.m. in the Callealtero Civic Center, in Human Rights Square 1 (Zona Alta street). The contact telephone number is 634 566 751.

Check here more news of Cantabria.

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Small Businesses Loans For Bad Credit – Which Option Very Best For You?

It requires lots of funds to establish a home-based business. An industrialist is ever present at the back of your head. You only have some initialization to starting clients. To motivate new ideas UK lenders have introduced a new scheme named as new small loans. These loans are granted you start up an exciting new business. This kind of scheme carbohydrates has cash to purchase the site, machinery, other equipment, labor are used to help.

Do you want to get a fast cash advance? Is the credit status is playing the role of an impediment in the way of borrowing currency? If yes, you should apply for payday loans bad credit as this loan choice is the most straightforward and most commodious manner of procuring personal loans speedily. Reduce are clear of credit reading-through. It means that bad creditors can also make essentially the most of this loan facility. In fact you can get the loan assistance in spite of being the holder of blemished credit rating such as arrears, defaults, amount outstanding, missed payment, payment overdue, late payment, IVA (individual voluntary arrangement), CCJs (country court judgments), bankruptcy, foreclosures and so forth.

The means to such problems that small business owners’ face is an advance loan. Seeking for best credits for small businesses is difficult as the process is tedious that is working towards required to show proof of property use. Often you have rejected funds because you need to bad credit rating. You end up with a vicious cycle where error sticks with you for your other life, and looking loans utilize some in time also becomes an ailment.

Most companies need extra capital several points, and even a lot of small businesspeople have troubled credit. Poor startup business funding can be the answer but utilizing still some things you should know about. For instance, if you’re in the year or so old or less, happen to be even considered a start.

Two forms this kind of loans tend to be found tend to be known turn out to be the secured and the unsecured advances. All these types will prove to be helping anyone personally while establishing your company. If you want to enjoy meager interest rates, then the secured loans will do great as it asks for lower low-interest rates. This is because the borrower before having these investments will be offering his property as collateral. The amount provided is also pretty sweet and for repaying it, you will get a better repayment term excessively.

Go for you to the drawing board if you have to. If obtaining small business loans for women were easy there budding no demand for the process. And the economy is making it harder but hang within it can be achieved. Be willing to go back and get a new beginning. Examine your business plan even dare to ask why the new guys turned you in. What you can fix to accomplish and knock on the next bank’s door. Sometimes you might have to go to private opportunist. There are those out there with money to lend and getting small business loans for women that way can save an ailing company.

There are a lot of lending schemes out there, some of such offer quick solutions this is desperate need of cash, some offer solutions but end up giving the borrower more trouble running, right now there are the ones that are a lending business and provide excellent value at minimum risk. To say there is no-risk just about all wouldn’t be very wise because every single lending plan goes, you are giving something valuable to the lending company and will lose that something if it turns out you don’t make your payments on duration.

You can potentially apply online for the loan. This will surely save a great deal of time and business. Concretely, this will help of which you navigate through many varieties without leaving your domicile. In this context, it is recommended to compare a plenty of financial choices and buy the right solution for that small business system possess. Doing this, you will minimize the risk to waste your money. To get the best on a financial deal, you need to put regions of the country time in research. Allows you to you find out the right economic choice for you. In this article, the material was to read different enterprise finance options, and the best selection is your final decision.

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Forex Rates – Getting Started Within Forex Trading

Trying to get a loan with secure payments? Then Monthly Installment loans will be the right option for a person. By having these loans amenities you easily can pay time to time installments as you get your paycheck out. Basically, people who depend on their particular salary, this will be a right choice. Conveniently and quickly they could pay back the loan quantity. People who desired loans on the mid of the month because they face fiscal trouble, these types of loans help a lot. Payments loans you can borrow as with terms of loan direct lender no credit check short or long period. It means you can borrow the particular loan sum as per your own flexibility with desired mortgage amount.

Gold is one of the many precious metals in the world. Most each country uses gold in an effort to back the currency which there. This helps to protect the different countries is inflation is usually to occur. Most people have a minimum of one piece of gold jewelry inside their homes because this is the most well-liked metal that jewelry is created out of. The value of this steel is stable, and overtime period, it has been known to rise.

Safety, both buyers, and retailers is a feedback form that could be filled out after each procedure. eBay users can write-up positive feedback, encouraging other people to enter into a deal with a specific user. Additionally, negative feedback can be submitted to warn buyers plus sellers, if the user does something illegal or deceptive.

Forex exchange rate is instant pay loans extremely volatile. It means that it is often changing. The exchange price of a currency at 1 given time will not be exactly the same the next day. To simplify the idea, the Forex exchange price of let’s say the Japanese Yen is 100 yen to at least one United States dollar, what it means is the fact that 100 yen is corresponding to the value of 1 U. H. dollar. And the rate or even frequency of the changes of the currency rates varies, in fact, it is with the volatility from the currencies that Forex traders make a profit.

Given that eBay is a worldwide feeling, you can also make a deal with individuals outside the U. S. Simply shows that you are ready to market on eBay users from a different nation and make sure you know, the present forex currency rates and shipping costs amount.

Currency Trading Essentials are pure. The goal of a trader is definitely buying incredibly that the enhance in worth, then market at a superior cost afterward to make an income. One more technique is to put up for sale on higher prices or the speed a minimum of now and days later on to buy. The 2 currencies that create up a forex foreign exchange rates sets are considered.

Never use indicators and smart tools in Forex trading. In case you rely too heavily on different formulas and equipment, it becomes easier to miss the info that you need to have to make money. Signal charts can also keep you through developing as a trader by causing things a little too easy for a person.

The particular investment can be as little since $100. Don’t get fooled straight into thinking you have to spend 1000s of dollars on a program. Use that will money for trading instead. When you are ready to really earn money at home, look into Forex trading software program.

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