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Certainly one of the greatest achievements of the 20th century is the tremendous increase in life expectancies. But it comes at a cost. Allianz.com speaks with Theo Bouts, head of Allianz Global Life & Health, to gain insights into how to plan for these extended golden years.
When it comes to saving for old age, many people choose to ignore the inevitable or deal themselves a bad hand by underusing opportunities like employer contributions or retirement plans. That’s not a good bet. Here are five tips from Allianz senior economist Michela Coppola to best boost your retirement savings.
In an interview with the German magazine Focus, Allianz SE Board of Management member Maximilian Zimmerer makes a compelling case for life insurance. As he explains the investment alternatives open to Europe’s biggest investor in this era of the European Central Bank’s (ECB) zero interest rate policy, Zimmerer offers the same advice he would give his daughters.
Young women today are increasingly better educated, and consequently have a better chance of managing their own financial future. 72 percent of women in Germany aged between 20 and 24 have completed higher secondary education or obtained tertiary qualifications. By comparison, 71 percent of men have reached this level. In the long term, this will mean that women will essentially be on the same footing as men when they reach retirement. Brigitte Miksa, Head of Allianz' International Pensions team, suggests the following six tips for women to ensure that they will be well provided-for in old age.
The baby boom in Italy isn't the same as in Germany. Our series of graphics shows when the baby boom happened in different countries, and how it will affect our pensions when all they give up work. Experts are warning of a "silver tsunami".