Even in your 50s, financial mistakes can still happen. We explain four typical money mistakes to you today in the Finanztip money guide - and how you can avoid them.
You can still invest in stock ETFs - just perhaps a smaller proportion of your assets. You probably have more equity now than you did 20 years ago and could pay off a loan more quickly. No matter how old you are, the question of “buy or rent” is very individual and complex. You shouldn't make any decisions that are too spontaneous or hasty. You may be able to upgrade old contracts – or even get rid of them. It's best to do a comprehensive check for things like this once a year to go through everything and keep an overview. And stay up to date with Finanz Tip's 3x10 strategy to save thousands of euros in taxes when you withdraw from your portfolio. For example, take a look at our guide on selling Exchange Traded Fund (ETFs)