Independent guide to retirement planning in Germany
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Limits of liability for content, links and copyright. Plus: why this site is not investment advice.

1. Not financial or investment advice

All content on Silberpfad is for general information and education only. It does not constitute financial, investment, tax or legal advice within the meaning of the German Securities Institutions Act (WpIG) or related regulations.

Financial products, ETFs, stocks or providers mentioned are examples for illustration. They are neither recommendations nor offers to buy or sell. Capital investments carry risk of loss, up to total loss. Past performance is not a guarantee of future results.

For individual decisions, consult a fee-only adviser authorised in Germany (Honorarberater under §34h GewO) or another qualified professional.

2. Liability for content

The content of these pages is researched and prepared with care. However, we cannot guarantee accuracy, completeness or timeliness. All figures and assessments refer to the time of publication and may be superseded by changes in legislation, market developments or new data.

As a service provider, we are responsible under §7(1) TMG for our own content on these pages under general laws. Under §§8-10 TMG, however, we are not obliged to monitor transmitted or stored third-party information or to investigate circumstances indicating illegal activity.

3. Liability for links

This site contains links to external third-party websites, particularly to news outlets (Handelsblatt, Tagesschau, Bundesbank, ECB, Deutsche Welle among others) and government sites (Destatis, BMAS, Deutsche Rentenversicherung).

We have no influence on the content of these linked sites. The respective provider or operator is always responsible for the content of linked sites. At the time of linking, the pages were reviewed for illegal content; none was apparent. Permanent content monitoring is not reasonable without specific indications of legal violation.

4. Copyright

Texts and editorial content created by the site operator are subject to German copyright law. Duplication, processing, distribution or any kind of use outside the limits of copyright requires written consent from the author.

Third-party headlines quoted remain the property of the respective rights holder. Images are from licensed stock sources (including Unsplash). Brands, company names and ETF tickers (XAIX, WTAI, GOAI among others) mentioned are property of the respective rights holders and are used exclusively for editorial identification.

5. Data protection

The separate privacy policy applies to the processing of personal data on this site.

Last updated: 2026-04-23