Retirement accounts like 401k & (Roth) IRA are very popular in the U.S. Does Germany offer similar pension plans? 🤔

Germany’s pension system consists of 3 different layers:
Level 2 is very similar to the 401k with employer match (at least partly).
Level 3 is like the (Roth) IRA that offers tax benefits in the payout phase.

See the full details about 401k, Roth IRA, and the German pension system in this Personal Finance Q&A Highlight.

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