For several months now I've tried to get my financial life in order, however, I'm failing to find a solution for my retirement fund.
I am in my early 30s and working half-time at a university here in Germany, which earns me roughly 1.390 € after taxes. I will be employed until the end of February 2016. I was told that Riester is the first step in building a private retirement fund and the extra charge from the state sounds like a good thing to me. However, there are so many different models (partly incorporating funds, partly not) and every bank and insurance company seems to offer at least some of them. I have been to a financial advisor, but I do not trust her since she told me about one product only and I know she gets commission on these.
Additionally, I am working in a field in which it is uncertain if I will stay in Germany or even the EU within the next three years, or if I will ever come back. This makes it much more difficult since a) the extra charge would be irrelevant if I work abroad and b) the extra charge would not be paid is I live outside the EU after retirement.
I would therefore ask for your opinion on the following: - Is Riester the right thing for me? - If so, where can I find the fitting product? Do you have a recommendation? - Is there a better way to build a retirement fund?
Thank you so, so much in advance!
Tl;dr: early 30s university teacher has no straight plan for career, hence no security for retirement fund.