What should you do with a life insurance 3a?

Retirement, Switzerland

Recently, I have talked about life insurance 3a policies and how bad they were. We have established that they have almost only disadvantages compared to an invested 3a.

So, people should not take new life insurance 3a. But what should you do if you already have one?

There are a few options about what to do with life insurance 3a. We will explore them all in this article and compare them. By the end of this article, you should know what to do about your life insurance 3a.

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The Trap of Life Insurance Third Pillar

Retirement, Switzerland

For your third pillar, you can choose between an account at a third pillar provider or a life insurance policy. Many people (often advisors) recommend using a life insurance policy.

However, in practice, these third pillars have many disadvantages. There is no reason to use a life insurance 3a for your third pillar.

In this article, I detail the differences between a third pillar with a bank or an independent provider and a life insurance third pillar (life insurance 3a).

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Spending less will not make you rich


I want to touch on an important subject today, something called the biggest lie of personal finance. You will often read success stories from people getting rich by tracking their expenses and having a budget or doing some simple things.

However, these stories often miss some critical context. In practice, you will not get rich simply by spending less. You may save more money, but this is quickly limited, especially in such an expensive country as Switzerland.

So, I want to discuss the problems with this biggest lie in personal finance.

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Migros Cumulus Visa Credit Card Review 2022

Save, Switzerland

After stopping its partnership with Cembra, Migros Bank introduced its new credit card: The Cumulus Visa credit card.

Since the Cumulus Mastercard from Cembra was one of the best credit cards available, we need to look at this new Cumulus Visa credit card.

By the end of this review, you will know whether you should use this new Cumulus Visa credit card by Migros Bank.

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Certo! One Mastercard World Review 2022


Cembra is a well-known credit card provider in Switzerland. They are primarily known for their Cumulus card with good cashback. After stopping this card, they started a new set of cards: The Certo One Mastercard World and the Certo Mastercard World.

And these cards look even better than the last card from Cembra. So, let’s delve into the details of these two cards and see how interesting they are.

By the end of this review, you will know whether you should use one of these new cards from Cembra.

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Early retiree in Switzerland – Dror’s Story

Retirement, Switzerland

Most of the time, when we hear stories of early retirees, they are all living in countries where the cost of living is much lower than in Switzerland. But recently, I have had the chance to interview an early retiree in Switzerland!

Dror has retired in Switzerland in 2021 at the age of 46. His story is very interesting, in that he is one of the first early retirees I have had the chance to talk with.

Without further ado, here is the story of Dror Allouche, an early retiree in Switzerland!

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The costs of daycare in Switzerland

Switzerland, Save

Daycare is a large portion of the budget for many people in Switzerland. Indeed, daycare can become quite expensive quickly, especially if you have several children.

So far, we have not put our son in daycare, but we think we may do it next year. So, I wanted to delve into the costs of daycare in Switzerland.

I only talk about daycare facilities, not about day moms, nannies, or other ways to ensure people are taking care of your child. I may speak of these in another article if people are interested.

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Household and Personal Liability Insurance


I have covered several types of insurance on this blog before. But there is one type of insurance that I did not cover: household and personal liability insurance.

Household insurance will cover your items in case of fire, damage, or theft. And personal liability insurance will cover damage that you will do to other persons’ items.

I talk about these together because they are generally offered together by insurance providers.

So, let’s see what these two types of insurance are.

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