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• Life stages overview
• Discover
  • Overview
  • Studying and career start
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
  • Independence and fun
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
• Establish (selected)
  • Overview
  • First home
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
    • Step 5
    • Step 6
  • Build up career and assets (selected)
    • Overview
    • Step 1(selected)
    • Step 2
    • Step 3
    • Step 4
    • Step 5
  • First pension provision
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
    • Step 5
• Optimize
  • Overview
  • Optimize home ownership
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
  • Optimize career and assets
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
  • Optimize pension provision
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
    • Step 5
• Realize
  • Overview
  • Realize your ideal home
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
    • Step 5
  • Prepare for retirement
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
    • Step 5
  • Realign your assets
    • Overview
    • Step 1
    • Step 2
    • Step 3
  • Increase quality of life
    • Overview
    • Step 1
    • Step 2
    • Step 3
• Enjoy
  • Overview
  • Enjoy retirement
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4
  • Transfer assets
    • Overview
    • Step 1
    • Step 2
    • Step 3
    • Step 4

Step 1: What Is My Financial Situation?

You have already taken your first steps on the career ladder and are enjoying your first financial successes. You now want to look at your financial situation and work out a basis for building up your assets.

The amount of funds you will need depends on your income and assets, as well as on your goals and ambitions for the future. You can work out your major financial commitments for the short, medium and long term by reviewing your various outgoings. These include, for example:

• Education and training (yours and/or that of your children)
• Purchases (car, furniture, et cetera)
• Property (rent, mortgage)
• Leisure activities (vacation, hobbies, et cetera)
• Health (health insurance, et cetera)

Even if you plan all major purchases or investments carefully, you are sure to encounter unforeseen costs. For such cases, we recommend a cash reserve equal to at least one month's salary.

Financial Check-Up

Use the Financial Check-Up from Credit Suisse to gain an overview of your financial situation and find ways to optimize it. The Financial Check-Up will provide you with a range of options for making the most of your assets based on the following questions:

• Can I save more tax?
• Can I get financing for my dream home?
• How can I boost the return on my investments?
• Do my family and I have adequate protection in the event of disability/death?
• Do I or my family have any pension gaps?

For detailed advice, we recommend a free, no-binding consultation at Credit Suisse.

Pension Provision Adds to Youar Long-Term Assets

Pension provision adds to your long-term assets. The money you save in your 2nd and 3rd pillar pension provision counts toward your financial reserves. You can use this money for example to buy your own home or set up your own business. Third pillar accounts also offer attractive opportunities to reduce your tax bill.

Once you have a clearer picture of your financial situation, you can work out how much of your income you can set aside to build up your assets.

  Step 2: How Much Money Do I Have at My Disposal to Build up Assets?

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