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Early retirement 2024: Calculate the deductions and pension amount early
According to a report from www.merkur.de, retiring before the regular retirement age is becoming increasingly popular. Here's how to calculate whether it's worth it and what discounts will apply. The retirement age will rise to 66 in 2024 for people born in 1958. For all younger people, the entry age increases in two-month increments. For people born after 1964, the retirement age is 67. A possible solution is early retirement, also known as pension at 63. However, it must be noted that deductions apply. Using an online calculator, you can easily calculate how much money you will have left over at the end. …
Early retirement 2024: Calculate the deductions and pension amount early
According to a report by www.merkur.de,
Retiring before the normal retirement age is becoming increasingly popular. Here's how to calculate whether it's worth it and what discounts will apply.
The retirement age will rise to 66 in 2024 for people born in 1958. For all younger people, the entry age increases in two-month increments. For people born after 1964, the retirement age is 67. A possible solution is early retirement, also known as pension at 63. However, it must be noted that deductions apply. Using an online calculator, you can easily calculate how much money you will have left over at the end.
Early retirement – what deductions have to be paid in 2024?
People who retire at the regular retirement age do not have to pay any deductions and receive the full pension. From the age of 63, an early retirement pension can also be used. However, if you start earlier, deductions will be made from your pension. The prerequisite: the recipients have already paid into the pension fund for 35 years of work.
For a pension with 35 years of insurance payments, 0.3 percent of the pension is deducted for each month that you retire earlier.
Impact on the market:
Increasing the retirement age and increasing deductions for early retirement could lead to people staying in their working lives longer so as not to have to accept deductions. This could affect the labor force situation in certain sectors as older workers may stay in the workforce longer.
Impact on the financial industry:
The increasing deductions for early retirement could lead many people to examine their financial situation more closely before deciding to retire early. This could lead to increased demand for financial advice and retirement planning solutions.
Overall, the rising retirement age and the increasing discounts for early retirement could lead to changes on the labor market and in the financial sector. It remains to be seen how the situation will develop in the coming years.
Read the source article at www.merkur.de