Bank managers conscience advise the elderly over 60 years old who have savings, please keep these four points in mind
Saving is very important for seniors, especially after retirement. As they age, older people face uncertainty about their health and financial well-being. Therefore, it is essential to save a sum of money for unexpected situations that may arise such as medical bills or other urgent needs. As an experienced bank manager, I would like to take this opportunity to offer some advice to anyone over the age of 60 who has saved money and hopefully to help them better manage their finances and life.
First, be wary of fraud in the healthcare industry. There are some lawless elements in society who take advantage of the psychology of the elderly to be greedy for small gains, deceive the trust of the elderly, give gifts to the elderly, sell various health care products, and defraud the savings of the elderly. These ** often rent out the windows, hosted so-called"Health talks", in the name of a master of traditional Chinese medicine, sells counterfeit health products to the elderly. The elderly should be vigilant, not to be deceived by **, and should have a rational judgment on health care products. If you need to choose health supplements, it is best to buy them through formal channels and consult a professional.
Second, pay attention to the safety of savings. Many seniors choose to keep their savings in the bank. However, banks not only have savings activities, but also a variety of wealth management and investment products. Compared with wealth management products, deposits are safer and interest income is relatively stable. I suggest that the elderly choose to buy large certificates of deposit or treasury bonds, which is a safer way to maintain and increase value. In terms of investment and financial management, especially risky products, the elderly should consider carefully to avoid wealth loss.
Third, it is best not to give your savings to your children in advance unless you absolutely have to. Many older adults become more dependent on their children after the age of 60 and are eager to keep them. However, older people should realize that savings are the greatest security in old age, and therefore should not be rushed to pass them on to their children. Unless absolutely necessary, the elderly should keep their savings, which is not only a guarantee for their own life, but also for their children's independent life. I have the example of a neighbor's aunt who had savings in her business when she was young, but because she was too dependent on her children, she gave all her savings to her son when he was sick, and as a result, she was taken care of by her son. This example teaches us that older people must protect their economic autonomy.
Fourth, the deposit period should not be too long. We all know that the longer the term of a bank fixed deposit, the higher the interest income. However, the elderly should take into account the liquidity of funds when depositing money in case of accidents. If the deposit period is too long, if it needs to be withdrawn early, it will lead to default and cause interest loss. Therefore, it is best for the elderly to maintain a certain amount of liquidity to ensure the convenience and flexibility of deposits.
Finally, I would like to emphasize that deposit management is a very important part for people over the age of 60. Beware of fraud, keep your savings safe, use your children's money wisely, and be flexible about how long your savings will be key to helping seniors protect their retirement funds. All decisions must be made deliberately, and one cannot allow oneself to fall prey to all sorts of external **. The most important thing is that the elderly should be clear about their financial goals, and at the same time ensure their basic living needs, and take certain precautions for the future. Only by firmly grasping their financial strength can they enjoy their old age and live a happy retirement.