Sten Andreas Ehrlich, operations manager of the pension fund Tuleva, recommends filling the second and third pension pillars with money – then you don’t have to worry about retirement.
If you increase the contributions of your second pension pillar from 2 percent to 4 or 6 percent, it will make a big difference to your income in retirement, Ehrlich said on the morning program of Äripää radio.
The third pension pillar could also be filled every year. These two ways are already enough to achieve a better retirement. “By behaving in this way, people are really securing their future and that of their loved ones,” Ehrlich said.
We also talked about what else you could invest in with your retirement in mind, and how Trump’s increasingly certain re-election could affect international financial markets and green investments.
Interviewed by Indrek Mäe.
A recommendation from a future board member on how to ensure a worry-free retirement
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The data for the last six months confirm once again that pension index funds, which have been on the market for eight years, have organized a revolution that should encourage every pension saver to increase their contributions instead of giving up. It is now really possible to take your fate into your own hands in old age, writes Äripäev in its editorial.
If the manager of a pension fund can even lose money in a bull market, then looking for justification for one’s actions from other people’s words also seems inappropriate, writes Anu Lill, responsible editor of Investor magazine.
Green funds are not suitable for every investor!
For people who do not plan to create passive income sources for retirement, the green fund is not a suitable option, writes Enlight Research analyst Rudolf Stenar Saluoks.
Since the beginning of the year, pension funds have delivered very good returns for savers, but fund managers see the manifestations of the technology bubble of the early 2000s in the stock markets.
The price of gold rose to new records in both the dollar and the euro. According to markets, it is increasingly likely that the central bank will decide to cut interest rates as early as September after the speech of the head of the Federal Reserve, Jerome Powell, on Monday. Looking at the short-term picture, this is what gave gold the impetus to surpass the peaks reached in May.
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Source: www.aripaev.ee
