How can I use my capital assets for retirement planning?
January 31, 2024 | 40,00 EUR | answered by Paula Köhler
Dear tax advisor,
My name is Quentin Wagner and I am facing the challenge of effectively utilizing my capital assets for my retirement savings. Currently, I have a certain amount saved in my savings account, which, however, is generating minimal returns due to low interest rates. Additionally, I also own some securities whose value has fluctuated significantly in recent years.
My concern is that my capital assets may not be sufficient to maintain my standard of living in retirement. I would like to know what possibilities exist to invest my capital assets profitably and at the same time optimize them for tax purposes for my retirement savings.
I have already considered various investment options such as stocks, funds, or real estate, but I am unsure which option is best suited for me. Additionally, I am wondering how I can most effectively integrate my existing securities into my retirement savings.
Can you provide me with specific suggestions on how I can use my capital assets for my retirement savings in a long-term and sustainable manner? What tax aspects should I consider and how can I tailor my investments optimally to my individual life situation?
Thank you in advance for your help and support.
Sincerely,
Quentin Wagner
Dear Mr. Wagner,
Thank you for your inquiry regarding the optimal use of your capital assets for your retirement planning. It is understandable that you are thinking about how to invest your money profitably in order to maintain your standard of living in retirement. In today's environment of low interest rates and fluctuating stock markets, it is particularly important to develop a long-term and sustainable investment strategy.
Firstly, it is important to consider your risk profile and how long you have until retirement to invest. Depending on whether you are more conservative or risk-seeking, different investment opportunities may be suitable for you. Stocks and funds generally offer higher returns than savings accounts or fixed deposits, but also come with higher risks. Real estate can also be a good way to invest your capital long-term and potentially generate rental income.
To sensibly integrate your existing securities into your retirement planning, you could consider a tax-optimized restructuring. This involves realizing losses and gains to take advantage of tax benefits. It may also be wise to regularly review and adjust your investments to react to market changes.
Regarding tax aspects, it is important to inform yourself about the withholding tax, which is levied on capital gains such as interest, dividends, and capital gains. However, there are also ways to take advantage of tax benefits, such as using tax-free allowances or the tax treatment of losses.
To tailor your investments to your individual life situation, I recommend seeking professional advice from a tax advisor or financial advisor. Together, you can develop a customized investment strategy that aligns with your goals and needs.
I hope this information is helpful to you and I am available to answer any further questions you may have.
Best regards,
Paula Köhler
