{"id":12815,"date":"2025-01-05T16:25:49","date_gmt":"2025-01-05T08:25:49","guid":{"rendered":"https:\/\/newcorpdemo-uat.cntaiping.sg\/?post_type=financial-articles&p=12815"},"modified":"2025-04-10T15:55:07","modified_gmt":"2025-04-10T07:55:07","slug":"retirement-planning-article","status":"publish","type":"financial-articles","link":"https:\/\/www.sg.cntaiping.com\/en\/financial-articles\/retirement-planning-article\/","title":{"rendered":"Retirement Planning: How Can Millennials Help Their Parents?"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tIf you are a millennial in your late 20s to 40s, then chances are, you are busy building your family and carrying a whole new level of financial responsibilities \u2013 paying for your child\u2019s education, servicing a mortgage loan, obtaining suitable savings insurance<\/a> for your future, and the like. As such, it might slip off your mind that while you are growing older, your parents are too; they might also need help in planning for their retirement needs.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tCompared to millennials and those in Generation Z, many senior citizens do not have the necessary financial knowledge to know how much they need for their retirement and the steps they should take. While most, if not all, want to do their best to provide for their parents in their golden years, the reality is that the resources available to do this are often limited. If you are like most millennials out there who care about making sure retirement goes well for your parents, then helping your parents plan ahead is the best thing you can do for them.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tRead on for a brief guide on how you can carry out effective retirement planning with your parents.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Have Conversations About Retirement with Them<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tTalking about what you and your parents may have to face in the future might seem like an overwhelming conversation, but they are much needed. Retirement talks are necessary to make sure you understand what your parents want and need, and as much as possible, try to keep the conversation light and open. A great way to start the conversation would be to ask your parents how they envision their retirement.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tA few questions you can consider asking your parents would be:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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