How to fix money mistakes of the sandwiched generation: Money Hacks Ep 85
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BT Money Hacks Ep 85: How to fix money mistakes of the sandwiched generation 12:00 min Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. This week's episode looks at how to fix the top financial planning mistakes made by the so-called sandwich generation, typically Gen X-ers and Millennials in their 30s and 40s, and who are responsible not only for bringing up their own children, but also caring for ageing parents. BT's digital editor Chris Lim hosts Aviva’s product and marketing director Daniel Lum as they discuss the following: What are the top two financial mistakes being made by the current sandwiched generation, given glaring statistics for life insurance and critical illness cover (2:30)  Why the third financial mistake is how people do not take enough risk beyond fixed deposits and bank accounts (4:45) Step-by-step plan to fix these three top financial mistakes (5:55) How to help your parents with their medical cover, and assess funds that deliver income rather than long-term growth (7:13) Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Subscribe to BT Money Hacks Podcast series for our new episodes fortnightly on Mondays and rate us on your favourite audio apps: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: [email protected] Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. See omnystudio.com/listener for privacy information.
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