BT Money Hacks: How millennials can boost their retirement savings
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In this episode, BT correspondent Howie Lim speaks to Carol Fong (pictured), Group CEO of CGS-CIMB Securities.
Thanks to the current environment, millennial and Gen-Z investors - projected to inherit US$48 trillion of wealth over the next 25 years, are facing the daunting challenge of securing their own retirements. So what can this generation do and how would understanding their behaviour make institutions better able to cater to their needs?
For more insights, correspondent Howie Lim speaks to Carol Fong, Group CEO of CGS-CIMB Securities.
Highlights of the conversation:
01:12 Why millennials are behind other generations in retirement savings
04:17 Why millennials eschew ‘traditional’ advisors
06:30 Top 5 tips for millennials to jumpstart their retirement savings
09:45 Why just relying on advice from social media is risky
Produced by: Howie Lim (howielim@sph.com.sg) and Christopher Lim
Edited by: Howie Lim
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