Prepare cleverly with HYPO OÖ

In uncertain times, a well-thought-out retirement plan is more important than ever. The HYPO Oberösterreich team supports its customers in finding the right strategy for their own goals and living circumstances. But what is particularly important?

The early bird catches the worm

It is advisable to start making financial provisions as early as possible – ideally when you start your professional life. Small monthly amounts starting from 50 euros are also possible, which can later be increased several times for almost all investment products. It is also important to have a realistic budget plan so that you can keep your own expenses under control. In addition, you should have an “iron” reserve, for example, have enough money in a savings account to cover three to six months of living expenses in the event of unexpected expenses. These measures are the basis for a solid precautionary strategy.

Long-term & broadly diversified

When putting together your own investments, it is advisable to diversify them as widely as possible, i.e. to rely on a mix of different asset classes such as stocks, bonds, real estate or precious metals. This diversification means that fluctuations in value are better balanced out in the long term.

“Long-term” is a key term for a successful pension strategy anyway: it is important to adhere to the recommended minimum investment period for the respective products and to avoid making impulsive decisions in response to short-term market fluctuations.

Another proven precautionary option is insurance – HYPO Upper Austria currently offers a precautionary bonus of 70 euros when taking out selected property or life insurance policies. And last but not least, it is advisable to get competent advice: The HYPO OÖ team is available to provide anyone interested with advice and assistance and explains the opportunities and risks.