Cradles of German history, music, and art, the cities of Dresden, Leipzig, Weimar, and Meissen offer spectacular touring-and surprising deals. In the five German Lander states comprising the former German Democratic Republic, even after over a decade of rapid change, the traveler feels a visceral difference from the west; on a recent visit I had the exhilarating, sometimes disconcerting feeling I was riding in a time machine still switched on, turbulently pushing and pulling me backward and forward simultaneously.
Although just a sixth of Germans reside here, things have changed so rapidly that it's impossible to know what to expect from one month to the next. Graffiti-laden, Soviet-style slums molder next to pristine Baroque masterpieces and cutting-edge office towers. And a little-known fact: Many eastern German hotels offer low rates during the popular summer months in a bid to entice vacationers away from southern Europe.
In the dining department, usually huge portions mean that half-portions at half-price are generally filling, and many German restaurants don't mind obliging. When most Americans think of the east, Berlin is the first place that comes to mind. But it's the eastern heartland south of Berlin, anchored by larger cities like Saxony's Leipzig and Dresden and smaller ones like Meissen and Weimar the latter in neighboring Thuringia , that provide the region's true flavor-and all are immensely important in the culture and history of Germany.
The legacy of the hammer and sickle is still apparent here, since the Soviets had to pretty much rebuild the city from scratch after the war. Yet strenuous recent efforts have been made to restore much of the glorious architecture that in centuries past drew artists such as Canaletto and now attract increasing numbers of visitors to the Altstadt old town , home to the famous Zwinger museum and Semperoper opera house.
Meanwhile, north across the Elbe River, the Neustadt new town is teeming with hotels, restaurants, bars, coffeehouses, and discos, often at half the price of old town. Much of Dresden's beauty can be attributed to the eighteenth-century ruler and arts patron Augustus the Strong, whose legacies include the majestic Zwinger, a Baroque complex of arcades and pavilions famous for the world's largest clutch of Meissen porcelain, and the Old Masters Gallery, which includes Raphael's Sistine Madonna.
Nearby, the Albertinum museum is especially worth a visit for its architecture and its Green Vault, which features an extraordinary jewelry collection. Both are free with the Dresden City Card. Dresden is also home to one of the most famous opera houses in the world: the stunning Semperoper. It's difficult to find ticket deals, but if you buy directly from the box office for same-day tickets, you'll eliminate tax and surcharges; prices will start around E5.
Alternatively, the Kreuzchor boys' choir performs vespers concerts at the Kreuzkirche in the city center on Saturdays at 6 p. You'll find plenty of music in Dresden beyond classical; one oddity worth noting is May's Dixieland festival dixieland.
But Neustadt has recently acquired several hostels. My choice, though, is Neustadt's hip G,stehaus Mezcalero K"nigsbr? In the same price range are an ever-increasing number of pensions of varying degrees of charm. A country villa with 16 rooms on the No. Breakfast is included, and there are a bar and a sauna. A little farther up the line on the main shopping street, Prager Strasse, are three high-rise outposts of France's spiffy no-nonsense Ibis chain ibishotel.
One of Dresden's best-kept secrets is the value of private cafeterias, such as those at the Neustadt train station or at the offices of the S,chsische Zeitung newspaper Ostra-Allee 20 , near the Zwinger. Or you can go ethnic. Dine upstairs or downstairs or in the covered pedestrian mall outside. Its Albrechtsburg Castle, now a museum adults E3. The town's main claim to fame, of course, is its Meissen porcelain a. Dresden china , made here for centuries Europe's first porcelain factory was founded here in While wandering Leipzig's serpentine streets and glass-roofed arcades, I was reminded that no other German city has changed so much in such a short time, and yet I felt as if I'd returned to Leipzig's glory days, prior to the Soviet blight.
A graceful, dynamic center of commerce, music, and publishing for centuries, Leipzig was instrumental in launching the "Peaceful Revolution" of October when a prayer group at the Nikolaikirche Nikolaistrasse, town center; free organ concerts Saturdays at 5 p. From Leipzig's Hauptbahnhof, one of the most beautiful train stations in Europe and the largest , you step directly into the heart of Germany's most musical city. Leipzig was home to many accomplished composers and musicians, from Bach to Wagner.
Inflation protection is a term used to refer to assets that tend to go up in value as inflation ramps up. These may include inflation-adjusted bonds e. TIPS , commodities, currencies, and interest-rate derivatives. The use of inflation-adjusted bonds is often justified, but the increased allocation of pension fund assets in commodities, currencies, or derivatives has raised concerns by some due to the additional idiosyncratic risk that they carry.
Liability matching , also known as " immunization ", is an investment strategy that matches future assets sales and income streams against the timing of expected future expenses. This stands in contrast to simpler strategies that attempt to maximize return without regard to withdrawal timing. As an example, retirees living off the income from their portfolios generally rely on stable and continuous payments to supplement social security payments.
Ideally, a matching strategy would be in place well before retirement years commence. Pension funds make promises to their participants, guaranteeing them a certain level of retirement income in the future. This means they have to be relatively conservative in terms of risk, but also achieve sufficient returns to cover those guarantees.
Fixed-income securities, therefore, tend to make up a big chunk of pension portfolios, along with blue-chip stocks. Increasingly, pensions have sought added return elsewhere in real estate and alternative asset classes, although these pieces still remain relatively small parts of their portfolios. Investments and Pensions Europe. Portfolio Construction.
Retirement Planning. Real Estate Investing. Your Money. Personal Finance. Your Practice. Popular Courses. Retirement Planning Pensions. Table of Contents Expand. Fixed Income Investments. Private Equity. Real Estate. Inflation Protection. The Bottom Line. Key Takeaways Pension fund assets must be managed with the intent of ensuring that eligible retirees receive the benefits they were promised. Until relatively recently, pensions funds invested primarily in stocks and bonds, often using a liability-matching strategy.
Today, they increasingly invest in a variety of asset classes including private equity, real estate, infrastructure, and securities like gold that can hedge inflation. Article Sources. Investopedia requires writers to use primary sources to support their work.
These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles.
But this requires more time and financial knowledge. Over the long term, shares have tended to perform better than bonds or cash, which are lower-risk investments. If you have a large pension pot, you can take greater control of your pension and access a wider range of assets by using a SIPP self-invested personal pension. This is only suitable for experienced investors who are comfortable with taking investment decisions.
The Money Advice Service is provided by opens in a new window. Do you need to make investment choices? What are the main investment options? Key things to consider when choosing Do you need to make investment choices? Pension providers often try to make your decision as simple as possible. But you might still need to make pension investment decisions at some point. You need to choose a fund or funds that offers the broad investment strategy you want.
Lifestyle funds Over the long term, shares have tended to perform better than bonds or cash, which are lower-risk investments. Self-investment If you have a large pension pot, you can take greater control of your pension and access a wider range of assets by using a SIPP self-invested personal pension. Find out more about self-invested personal pensions SIPPs. Find out more about investment fees.
Did you find this guide helpful? Yes No. Care to share? Thank you for your feedback. More in 'Saving for retirement' Pension information: guide to the basic facts Why save into a pension? Pension calculator Lifetime allowance for pension savings Transferring defined contribution pensions Transferring out of a defined benefit pension scheme View all … articles in Saving for retirement. Back to top Pensions and retirement Pension basics. Saving for retirement. Types of pension.
Workplace pensions. State Pension and benefits. Using your pension pot. Financial advice. This tradition continues today with the world-renowned Gewandhaus Orchestra, St. Thomas's Boys Choir, and a constant flow of music of all types. Thomas's Boys Choir he directed, which today performs at St. Thomas's Church Thomaskirchhof 18, thomanerchor. Leipzig isn't all music. Exhibitions include videos of historic uprisings and background on the building and dismantling of the Berlin wall.
A kitchen is available; breakfast is E3. Book directly to avoid fees. You can definitely save some cash at Leipzig's popular "potato restaurants," serving spuds accompanied by the likes of bratwurst or broccoli.
Germany's first coffeehouse dating to , this historical spot houses a too-fancy restaurant upstairs but a more casual and less pricey dining area downstairs. Impossible to separate from Germany's foremost literary figure, Johann Wolfgang von Goethe, this tiny, genteel city about an hour by train from Leipzig is a paradox.
Traditionally the center of classical German literature, music, and art, it hosted the likes of Bach, Schiller, Liszt, Luther, and Lucas Cranach the Elder. Yet after giving its name to the famously wobbly Weimar Republic between the World Wars, it was then branded by Hitler, who held the second national congress of the Nazi party here and built the Buchenwald concentration camp three miles from town take bus No.
Yet more Kultur? In the evening, a bustling local university means great pubs and an active nightlife. The best deal in town is actually on a hill overlooking town: the traditional Pension Villa Gisela Wilhelm-K? Each of its six rooms, including one for disabled guests, provides private bath, TV, and phone, and hosts Gisela and Helmut will pick you up from the train station upon request. To call the numbers in this article from the United States, drop the initial zero and replace it with Individual city sites: dresden.
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|Triebischtal pension and investments||This is a button that clears the search input field and clears the search results by hitting the enter triebischtal pension and investments. Ideally, a matching strategy would be in place well before retirement years commence. Exhibitions triebischtal pension and investments videos of historic uprisings and background on the building and dismantling of the Berlin wall. The best deal in town is actually on a hill overlooking town: the traditional Pension Villa Gisela Wilhelm-K? While wandering Leipzig's serpentine streets and glass-roofed arcades, I was reminded that no other German city has changed so much in such a short time, and yet I felt as if I'd returned to Leipzig's glory days, prior to the Soviet blight. Table of Contents Expand.|
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|Triebischtal pension and investments||When most Americans think of the east, Berlin is the first place that comes to mind. Individual city sites: dresden. Pension fund real estate investments are typically passive investments made through real estate investment trusts REITs or private equity pools. Personal Finance. Key Takeaways Pension fund assets must be managed with the intent of ensuring that eligible retirees receive the benefits they were promised. It is only available if a search query is made.|
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Perfect service, good breakfast with. Date of stay: December Trip have a booking triebischtal pension and investments this. Single Room 1 twin bed. Enter your feedback I already us about their stay. Are you missing any information. Cameron Kelly Compliance Cameron. Double or Twin Room 1. Superior Double or Twin Room. Pension Triebischtal Reserve now. The only way to leave on factors like facilities, size.Do you want to read Pensions & Investments' print publication? Get P&I's latest issue. Close. Written for pension, portfolio and investment management executives at the hub of this market, Pensions & Investments provides its audience with timely and. Every other Monday, Pensions & Investments delivers critical financial news to executives responsible for the investment of large institutional assets such as.