Retirement Archives - The Poor Swiss

Should You Contribute to Your Second Pillar in 2021?

By Mr. The Poor SwissInvesting, Financial Independence, Retirement, Switzerland

In Switzerland, you can make a voluntary contribution to your second pillar. These contributions come with some tax advantages since you can deduct that from your income. Therefore, you have a return equal to your marginal tax rate. And this return is almost instant.

However, the money is then blocked into the second pillar. And the returns on that blocked money have been very low in recent years. Finally, you can only withdraw the money from your second pillar if you retire, buy a house, or start a company.

Many people ask whether they should contribute money to their second pillar or continue investing in stocks.

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What is the best third pillar in Switzerland for 2021?

By Mr. The Poor SwissInvesting, Retirement

In Switzerland, contributing to your third pillar is one of the best ways to save on taxes. I recommend everybody to contribute to their third pillar.

But contributing to your third pillar is not enough. You should invest the money in your third pillar. That means you have to pick the best third pillar for your money. Since there are many options, it may be difficult to choose the best third pillar for your needs.

So, this article is here to help you! We will see how to choose the best third pillar!

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VIAC Review 2021 – Excellent third pillar in Switzerland

By Mr. The Poor SwissInvesting, Retirement, Switzerland

There are many third pillar providers in Switzerland. Some of them are good, but most of them are too expensive. You do not want to waste your retirement bank on fees. Therefore, you need to choose the best third pillar provider.

In 2018, VIAC started on the market of third pillars. VIAC is the first mobile third pillar. And they are really interesting! VIAC has very low fees and lets you invest up to 97% exposure in stocks. It is significantly better than what I have found before in other third-pillar providers.

In this post, I am going to do an in-depth review of VIAC! Among other things, we will look at the investing strategies and the fees of this service.

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Your Marginal Tax Rate and all you need to know about it

By Mr. The Poor SwissEarn, Retirement, Switzerland

Your marginal tax rate is an important metric. But it is also a complex and misunderstood concept. Many beliefs about the marginal tax rates are wrong.

So, in this article, I want to clear out as much as possible regarding the subject. By the end, you will know how to estimate your marginal tax rate and what it means.

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VIAC vs Finpension 3a – Which is the best third pillar for 2021?

By Mr. The Poor SwissRetirement, Switzerland

Until the end of 2020, VIAC was pretty much unchallenged as the best third pillar in Switzerland. And then came Finpension 3a, another great third pillar offer.

I have already made reviews of these two great services. But we also need to compare VIAC vs Finpension 3a in detail to see which is the best third pillar in Switzerland?

In this article, I am going to compare VIAC vs Finpension 3a in detail. We will see their investing strategies, fees, and everything you need to know to choose!

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Swiss Deposit Insurance – When a Bank Bankrupts

By Mr. The Poor SwissRetirement, Switzerland

We have talked a lot about Swiss Banks on this blog. But we have not yet talked in detail as to what happens to your money if one Swiss Bank defaults (bankrupts).

In that case, there is a special deposit insurance for the customers of the failed bank. Even though Swiss banks are reputed very safe, they are not infallible. It is essential for customers what would happen to their bank account balance if their bank goes bankrupt.

In this article, we will cover this deposit insurance in all its details and see what people can do about that.

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How many years until you can retire?

By Mr. The Poor SwissRetirement

If you plan to retire early, it is important to know when you will be able to retire. We have already covered a lot of simple math about Financial Independence. But we have not yet covered how to know how long it will take you to retire (or to become Financially Independent).

In this article, we are going to cover the simple math behind Financial Independence and find out how long you will need before you can early!

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Selma 3a Review – Robo-Advisor Third Pillar

By Mr. The Poor SwissInvesting, Retirement

Choosing a great third pillar is very important. You will invest in this account for many years in the future. Recently, there has been a trend for Robo-Advisors. So, now there are also Robo-Advisors third pillars.

I have already talked about Selma, the Robo-Advisor. But now, I want to talk about their third pillar offer. In late 2019, Selma introduced their third pillar offer.

If you already have an account with Selma or if you like Robo-Advisors, this article could be interesting for you!

So, how does the Selma 3a account compare with the other third pillars available in Switzerland’ Let’s find out!

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Frankly 3a Review: A good new third pillar from ZKB

By Mr. The Poor SwissRetirement, Investing

Frankly is a third pillar account offered by Zurcher Kantonal Bank (ZKB). It is an interesting third pillar because it allows you to invest heavily in stocks. And on top of that, the fees are quite low.

It is good to see that there are more and more alternatives for good third pillar accounts in Switzerland.

So, let’s see what exactly is Frankly and how good it is!

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How Much Will You Spend in Retirement?

By Mr. The Poor SwissFinancial Independence, Retirement

If you want to reach Financial Independence and be able to retire, you need to know how much you are going to spend while retired. If you are retiring next year, it is straightforward to know how much you are going to spend. However, if you are going to retire in a long time, it is not trivial to estimate how much you will spend in retirement.

I have already talked about the different ways tor each Financial Independence (FI). Regardless of which way you choose to reach FI, you will need an accurate estimation of your retirement expenses. Without this, you will not be able to know how much of the road remains.

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