Werner Tiefental, a 65-year-old man, is approaching the retirement age and is reflecting on his financial situation. Having spent part of his career as a self-employed individual, he didn't pay into the statutory pension fund, which raises concerns about his financial security in retirement. With only a little over a year left until he officially retires, Werner is worried about whether his savings will suffice as a regular income in his later years.

The article delves into the implications of self-employment on retirement savings in Germany, highlighting that many self-employed individuals face similar dilemmas. As they often have irregular income and do not have access to employer-sponsored retirement plans, they must independently secure their retirement funds. Werner's case exemplifies a growing concern among self-employed workers in Germany who, like him, may not have adequately prepared for the financial demands of retirement.

Moreover, the narrative raises important questions regarding the adequacy of personal savings versus state-provided pensions. With increasing life expectancy and rising living costs, many retirees, especially those who once worked for themselves, find themselves in precarious financial situations. Werner's worries serve as a reminder of the need for better financial planning and awareness among self-employed individuals to ensure a comfortable retirement.