{"id":8798,"date":"2017-07-14T15:41:24","date_gmt":"2017-07-14T13:41:24","guid":{"rendered":"https:\/\/www.smolio.ch\/wissen\/i-love-it-when-a-plan-works-also-applies-to-your-pension-plan\/"},"modified":"2024-09-17T08:36:21","modified_gmt":"2024-09-17T06:36:21","slug":"i-love-it-when-a-plan-works-also-applies-to-your-pension-plan","status":"publish","type":"post","link":"https:\/\/www.smolio.ch\/en\/wissen\/i-love-it-when-a-plan-works-also-applies-to-your-pension-plan\/","title":{"rendered":"“I love it when a plan works” also applies to your pension plan"},"content":{"rendered":"Lesedauer<\/span> 3<\/span> Minuten<\/span><\/span>

Plan, tackle, implement.
\nDetermined like Hannibal and the A-Team.
\nAlso sounds sensible when it comes to pensions.
\nAnd yet we put off making important financial decisions.
\nFind out why this is the case and how you can still make a plan here.
\nSo that you can be as successful as Hannibal – with or without a cigar, it’s up to you. <\/span><\/p>\n

<\/p>\n

For most of us, retirement is still “a long way off”.
\nWe believe we still have enough time to take care of our pension.
\nRight now, other issues are more important…
\nA job change, a move, the family.
\nAnd there will certainly come a time when it will be easier to do something for later.
\nRight now, it seems, it’s all about the more important issues.
\nThis or similar arguments are put forward by the “wait-and-see” or “disoriented” when it comes to financial provision.
\nAccording to the ZHAW pension study<\/a>, just over a third of the Swiss population belong to these groups.
\nThey take care of their pension planning too late or not at all. <\/span><\/p>\n

The reasons for this are complex.
\nOn the one hand, there is the <\/span>Dealing with finances, which many find tedious. <\/b>The topic is complex, you’re afraid of doing something wrong, so it’s better not to do it.
\nAnd the fact that many advice services are based on the fear of losing your livelihood or poverty in old age doesn’t really motivate you either.
\nIt’s easier to push the annoying topic to one side for the time being and console yourself with the fact that you’re still young, fit and able to work, retirement is a long way off and, after all, we live in a country with high social standards.
\nThere are plenty of excuses. <\/span><\/p>\n

On the other hand, we generally find it difficult to deal with uncertain forecasts in the distant future. <\/span>Our brain is not programmed to process uncertain consequences, which are far away, for our decisions. <\/b>That’s in the nature of things: the future is far away and uncertain, which doesn’t make it easy to plan for.
\nAfter all, we don’t know what will happen on the financial market in who knows how many years.
\nWhat these or those forecasts and eventualities will mean for us at some point. What we are certain of, however, is what we have right now.<\/a><\/span> <\/span>We know how pleasant it is to enjoy a fine meal NOW, to wear nice clothes NOW, how great our new sound system sounds NOW… <\/span>Time Discounting<\/b> is the name given to this phenomenon: we value a benefit less the further into the future it lies.
\nWe would therefore rather have something of it now than (possibly) in the future.
\nIn other words, we value what we can have in the present more highly.
\nNamed <\/span>Present bias<\/b> – the perfect excuse to stay in your patterns of behavior.
\nBecause what you have, you have. <\/span><\/p>\n

At this point, Hannibal would raise his eyebrow, puff on a cigar and mobilize the A-Team.
\nBecause he knows that we don’t want to give up anything today, but we also don’t want to regret anything in the future.
\nNo plan is no solution.
\nThat’s why he would tackle prevention and that’s what we should all do.
\nIt doesn’t have to be a tricky Hannibal campaign.
\nOne approach is the topic of <\/span>financial planning and pension provision in a positive and tangible way in our lives <\/b>and to deal with them.<\/span><\/p>\n

It helps to visualize the <\/span>benefits that you can have in the future.<\/b> How do you want to live later?
\nWhat lifestyle would you like to finance?
\nWould you like to make major purchases?
\nAre you looking to retire or perhaps finance a career break or a change?
\nWould you like to finance your 2,3,4 children’s education in the near future or renovate the house after they move out?
\nIf you think specifically about what you want, it will no longer seem so far away and you will be more motivated to tackle the planning. <\/span><\/p>\n

The <\/span>The basis for sound pension planning is an honest look at your own financial situation. <\/b> And not just on the individual items, but also on the topics that are important to you.
\nHow much wealth do you already have and how much can you realistically save in the future?
\nWhat risks are you prepared to take and what can you do without?
\nWith Smolio, you can optimize your financial situation in small steps: An overview of your financial situation allows you to take targeted measures and make a plan.
\nAnd if it works, you can sit back and relax – with or without a cigar. <\/span><\/p>\n\n