Altersvorsorge / Rente

Hallo zusammen,

Will write in English - feel free to answer in German. Sorry my English is simply better for this topic of retirement.

I’ve read several posts on the topic of retirement savings - I know this sub loves its etf savings plans. My question is simple: are there no tax advantaged savings vehicles you find in basically any other country? Seriously?

The advice in Germany seems to be save directly in etf/ stocks without any tax savings accounts. I simply can’t believe a scenario where this is true. There is no 401K / ROTH IRA account (US)? No ISA Accounts (UK)?

You seriously just get taxed a ridiculous amount of your income, and then have no advantage saving for your own retirement?

Riester- Rente usw. doesn’t make sense. It’s just some insurance scam. What is the macro approach to saving for your retirement in Germany ?

I’m a bit at a loss here - and greatly appreciate your wisdom . Sorry for English -