More than 37% of the working population sometimes loses sleep over his or her pension
Concerns about the level of the accrued pension (52%), whether or not they will be able to make ends meet after retirement (45%) and the drop in income they will be faced with (35%) are the main reasons for 37% of the working population to sometimes worry about your own pension.
This is evident from the 2020 pension monitor of Money Wise, conducted among the Dutch working population (N=1022) in the context of the 10th edition of the Pensioen3daagse. During these three days on 3, 4 and 5 November, people can find out about their own pension in a variety of ways. The theme of 2020 is: Arranged well later? Check it out now!
Self-assessed pension knowledge is increasing, concerns are increasing
The good news this year is that people say they seem to be increasing their knowledge of pensions. 44% of people indicate that they know approximately how much income they can expect after retirement (2018: 38%). 34% know how much income they will need after retirement (2018: 28%) and 42% say they are aware of the possibilities to accrue more pension (2018: 29%). Almost a third (31%) of the respondents are (reasonably) concerned about whether they will have enough money to live a normal life after retirement (2018: 26%). Low-educated people and those with below-average incomes are most concerned.
Arranged well later? Check it out now!
Although 56% of the respondents say it is important to be well informed about their financial situation after retirement, only 20% regularly take the time to delve into their own pension situation. Men do this more often (27%) than women (13%). However, half of the respondents believe that they should actually do more research. But despite the good intentions, people tend to (continue to) put off preparing for retirement, because they estimate that it takes much more time than it actually does. Wise in money matters therefore wants to encourage people to take the first step during the Pensioen3daagse to learn more about their own pension. With the new simple online tool 'Well on the way to your pension' on Pensioen3daagse.nl, people gain clear insight into how much they know about their pension in just a few steps. Based on this result, options are provided to further delve into your own situation, with or without the help of acquaintances or an expert.
More than a third of the over-55s regret that they did not start building up a pension sooner
When people over 55 who have taken one or more measures to continue living after retirement look back as they do now, 38% think they should have started earlier, given their current financial situation. Low-educated people in particular are relatively often of the opinion that they should have started earlier (52%), as are respondents with a below-average income (54%). The most important message that the over-55s want to give to their 30-year-old selves with their knowledge of today is: start saving on time (33%), take a moment to think about your pension when important changes in your life (19%) and regularly check how much pension you accrue (18%).
Source: Money Wise
About this blogger
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Known as Khun Peter (62), lives alternately in Apeldoorn and Pattaya. In a relationship with Kanchana for 14 years. Not yet retired, have my own company, something with insurance. Crazy about animals, especially dogs and music.
Enough hobbies, but unfortunately little time: writing for Thailandblog, fitness, health and nutrition, shooting sports, chatting with friends and some other oddities.
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The over 55s can say that, but then there must also be room. Even if it is there, it hardly yields anything.
The makeable life is over and the young people of today are the Sjaak.
Youth de Sjaak?
I am almost 60 years old until a few years ago thought that my accrued pension in combination with AOW should be sufficient to have a nice life after retirement. We then went from final pay to average pay, no indexations, an increase in the AOW age now a pension agreement where cuts are waiting and no indexations for the next 5 years.
In addition, we do not yet know what else negative will come out of it….
The young people still have time to anticipate this, we no longer have, in fact it seems that there is a huge pension pot left from which the state and/or the then living can benefit.
Owning your own home is important for your pension. If purchased on time, the repayment is arranged at the time of retirement and you live for considerably lower housing costs, because after all, there are no longer any repayment or rental obligations. And you can still choose to emigrate to a country with a mild tax climate such as Thailand and rent a relatively cheap house there, you save 2 birds with 1 stone and if you rent out your house in the Netherlands you earn even more and you can use this to additional healthcare costs.
The article talks about people with a low income and that is the group who do not have much to choose from, because saving money or having it left over for your retirement is difficult and to continue to do so for decades is always too much to ask. Better than a mandatory deposit in a supplementary pension so that the money goes to work for later and once deposited funds can no longer be withdrawn.
Although many friends and acquaintances used to think it was a bit exaggerated of me that I already thought about an extra pension insurance quite young, I am very glad that I did it.
In contrast to my environment, unlike many others, I came out very well with 1 vacation per year, and if it didn't work out for a year, not a man went overboard to do something else.
Moreover, when the children are out of the house, you have all kinds of options to adapt your home for the future in such a way that it remains affordable in terms of size, work, maintenance, rent or purchase price, so that there is automatically much more time and financial room for maneuver for your old age.
Someone who could work their life in the Netherlands, apart from those who are disabled or chronically ill, is different from his peer from many other countries, the blacksmith of his own happiness.
I know/knew a lot of people who, all their lives, have seen every pleasure as their right, and thus spared nothing, while now they blame the government for everything.
I have enjoyed my life all my life!
And now in Thailand for almost 10 years.
Saving is putting off a good life for later!
Why?
According to statistics, more people will die BEFORE reaching retirement age.
That is why age is being raised to simply keep more money in your pocket, your government.
Has nothing to do with aging.
You are not allowed, just work until you "drop down" dead. Pension was once founded from an idiological point of view, but now it is a thorn in the side of your government.
People also want to go there, no more pension, so that the money can be wasted otherwise.
You really don't get older happy, all kinds of diseases arise and you see the doctors and hospitals more than usual. As a result, the expenses become higher for health. Your premium goes up and personal contributions.
Which means, only if you're rich enough, you're allowed to age.
Working until you are 67 years old? With rules, your government allows you to remember that and managers will look for a reason to fire you. Try to find work if you are over 50 or even in your 40s.
After all, there was a time when asbestos and many other toxic substances were used everywhere.
There were no rules, no protection and that affects a large group.
Also people in heavy professions, physically exhausted. So they die earlier, before retirement, especially the lower working classes and less the middle working classes?.
In general, the higher have nothing to complain about, because of their generous salary. Their work is with pen and paper, you can't really call it burdensome.
The best thing for younger workers is to buy a house and have a better life from there later.
Although your government also tries to deny this as much as possible. You get a minimum mortgage, so you can't buy a house. and prices are rising. And new construction is not possible, because one must comply with NO emissions laid down by European legislation. Hooray, great.
How many people work there and do not have a (rental) home? How many people are no longer even Dutch due to circumstances and live with friends, family on the street. A mountain, just look at the programs Zembla, etc. Even a man set himself on fire in front of a town hall.
Yes, we are doing great, our government, whichever one we choose!!
Since 2000 there has been a real turn around and global society is based on rich people.
Retirement in the future? You will not get it, but you will pay.
Younger workers will have to look at their own solution for a possible pension.
Difficult, since it is far away and you live in the present and your government discourages you in any kind of revival. I never thought about it either, but then I lived in a different time.
(almost) Worked hard all my life and earned decent money.
In my younger years I often went out and saw a lot of the world and, like so many of you, have been hanging on to a wench from the Isaan for the last 17 years and am still hesitating to settle there, which is off the track for the time being is.
As far as finances are concerned, I have not regretted anything, not even that I now have less money in the bank. At least I lived and don't complain and don't blame anyone.
Been retired for 2 years now and have seen a lot of friends and acquaintances who didn't make it
and whose hoarded money now their children are going on a world tour.
And maybe one day my benefits will be cut, so be it.
I'm glad I can still breathe and live above the ground.
I hope this also applies to you. People don't complain so much. Does it stress you out!
Good health everyone.
Ralph
You would think that promises make debts, but that is no longer the case with today's governments. Less, less is the motto. And certainly, it can be even less and we will probably experience the umpteenth discount again in the new year. Depending on the percentage that, for example, the ABP still falls below 90%, a 1% or 2% discount is in sight. This is applied without blinking eyes and hypocritical information is presented to us. You can't do otherwise, because it's so done. As far as I'm concerned, those breakers can go home and take early retirement. To start with Minister Koolmees. Especially after he recently announced that the Dutchman enjoys a generous pension and no longer earns. On average about 800 euros per month. Fat pot or poverty trumps, you name it. The Dutchman deserves better in my belief, but it is fighting against the finish line. I would be curious how many Dutch people are aware of the pension preservation foundation, or is it too much to ask to take a look at it. They provide a solution to the problem that can be applied in this way. But yes, the unwillingness, for all kinds of silly reasons, will continue to fall on us, certainly as long as there is no unity and solidarity is no longer in the vocabulary of many. .