Geldanlage für Ältere: Ich bin 70: In welche Produkte investiere ich jetzt noch?

As one ages, the importance of proper investment becomes increasingly apparent. Kevin Kronauer, a fee-based financial advisor, emphasizes that even in later years, there are various investment options available. However, it's crucial to consider the weighting and risk reduction strategies.

To determine if your money is correctly invested for retirement, start by gaining an overview of all available options. Financial expert Niels Nauhauser from the Verbraucherzentrale Baden-Württemberg advises categorizing assets into four investment classes: low-risk, safe products like term deposits, savings accounts, classic life and pension insurance, government bonds, ETFs, and pension funds; equity products such as individual stocks, equity funds, ETFs, and pension funds; real estate investments including properties, rental properties, and real estate funds; and investments in commodities like gold.

After listing the annual costs and contract durations of each product, ensure that risks are spread across the different asset classes. Avoid products with high costs and poor returns. The money needed for daily expenses, planned trips, and unforeseen costs should be kept in a liquid savings account, as these funds should be accessible at any time.

However, this money should not simply sit idle in a regular checking account, as the interest earned is often insufficient to keep pace with inflation. Instead, consider opening a term or fixed deposit account with better interest rates offered by direct banks.

If you plan to pass on some of your money, consider the inheritance timeline and potential risks associated with fluctuations in asset values. Selling assets or receiving payouts during your lifetime may be more beneficial than keeping them tied up in investments. Alternatively, consider gifting a portion of your wealth to heirs, taking advantage of tax-free allowances.

For long-term growth, allocate the remaining funds to a growth fund, also known as the "wachstumstopf" by Kronauer. This entails diversifying investments in ETFs, which can yield higher returns, albeit with increased risk. Financial advisors frequently advise seniors to shift funds from outdated bank-managed funds to more suitable ETFs.

While past performance of broad equity investments has been positive over a twelve-year period, future results are uncertain. Therefore, it's essential to acknowledge the residual risk involved in any investment decision.