How to plan

How to make sure your future pension is enough for a good life

Seven steps help to calculate in advance the money that will be available in retirement.

(Bild: Krone KREATIV/thinkstockphotos.de, krone.at-Grafik)

Many Austrians are worried: will I be able to maintain my standard of living in retirement or will I have to make massive cutbacks in my future pension? The "Krone" newspaper provides a step-by-step guide to planning your future pension in such a way that your standard of living can sometimes even increase.

Financial expert Gabi Kreindl from the Association for Consumer Information (VKI) has drawn up a seven-step guide for "Krone" readers on how best to calculate in advance the money that will be available each month in later retirement. The result provides clarity and can be reassuring. It is even possible that you will have more later than during your active working life.