The bank's supervisor's reminder sounded the alarm bell in people's hearts like a thunderbolt from the sky - the elderly over 60 years old, if they have money in their hearts, they must not take it lightly!
In the labyrinth of money, the vicissitudes of time make it easy to forget many important details. Over time, a touch of gray hair may be able to hide the wisdom of the mind, but it must not hide the importance of money management.
It's not just about personal financial security, it's about the future and happiness of the family. Let's travel through the tunnel of time together and explore the 4 crucial things that seniors over 60 years old must not forget when saving money!
First, rational planning of fixed deposits has become a common practice for the elderly, and with the wave of population aging, this trend is more obvious. Young people put pension insurance as a top consideration when looking for a job.
The pension pension of employees in state-owned enterprises after reaching the age of 60 varies according to the level of rank. Most of the elderly put their pensions in a fixed bank account, with a term of up to 3 to 5 years.
Even some elderly people never cared about the money in their accounts, until they died, and their children realized that most of the money in their accounts had been converted into current interest.
Such a discovery is undoubtedly a great loss. Nowadays, the elderly are becoming more aware of fraud prevention. At the mention of money, it was as if they heard thunder, and they immediately closed their ears and refused to participate in any discussion.
As a result, bank tellers often find that bank customers over the age of 60 need to carefully follow a series of guidelines when making deposits. Older people account for the lion's share of bank term deposits, especially those that are as long as 3 or 5 years, and their decisions are often firm and not easy to change. These clients often show a firm attitude and are not compromised on the maturity of their deposits.
Many customers are looking for hassle and high interest rates, however, given their long-term needs, fixed deposits appear to be more secure. However, for elderly clients, their physical condition may not be stable.
In the event of a sudden health problem, they may need a large sum of money, which will result in a loss of interest. All things considered, it's not a good deal.
Chinese often say that peace of mind lies in mastering wealth, so I believe that your customers are not willing to reach out to their children. If we plan our savings properly, we can get rid of this concern.
Imagine when you're financially solid and you don't have to rely on others. Therefore, for older customers, when managing the proportion of personal savings, it should be reasonably divided, and the savings allocation should be planned as 20% long-term deposits, 50% short-term deposits, and the remaining 30% for demand deposits to deal with possible emergencies.
Such a proportional arrangement ensures long-term returns while maintaining sufficient flexibility for temporary needs. Second, the elderly face a headache when raising their awareness of safety precautions, that is, they cannot remember when their deposits are due.
Although some customers opt for automatic rollover when they make their initial deposit, this is not the same as going to the bank in person to make a rollover. In short, this can lead to a loss of interest for the following year.
Although many banks now offer reminders of the maturity of deposits, it is still necessary to be highly vigilant when it comes to personal assets.
In the process, we can imagine scenarios such as busy bank lobbies, ATMs, etc., highlighting the need to manage assets autonomously.
In order to avoid similar situations, it is recommended that you arrange a fixed date for business transactions, such as the beginning or end of each month. This way, when you make a rollover in the future, you can also check whether the deposit is due in time to avoid losing interest.
Converting deposits into insurance is a common phenomenon in life. Nowadays, the services of banks have become very attentive, and they not only regularly remind customers that their deposits are due, but also hold various events during the holidays to attract customers.
These events are sometimes held in the halls, for example, and many local banks often use gifts of real value, such as selected rice, high-quality flour, and fragrant cooking oil, as a reward for the event.
These carefully selected gifts are precisely the preference of the elderly group, so this not only greatly stimulates their enthusiasm for participation, but also makes the bank's activities more popular.
However, the underlying reason behind this is not only the bank's gratitude to its customers, but also the bank's strategy to achieve its goal of "selling products", which is sometimes held outdoors in a spectacular atmosphere.
In recent years, China's sales regulations on financial and banking products have been reduced a lot, but for elderly customers, it is still necessary to be vigilant. Don't lose money by coveting gifts or being "fooled" by staff.
Since 2014, when the China Banking Regulatory Commission (CBRC) held an annual working meeting and proposed that banks should bear their own risks, there has been a heated discussion about allowing banks to "go bankrupt". This topic has become the focus of attention. The third point is not to trust all your funds with a single bank.
Just like cherishing eggs, we should not put all our hopes in the same basket. On the road to reducing losses, the client should skillfully spread the risk in the same way that the string of a kite is spread across multiple fingers.
Especially for older customers, their risk tolerance is more vulnerable than that of young and middle-aged customers due to physical reasons. You have to be more cautious when it comes to risk aversion
It's like walking on a path to avoid getting stuck in a quagmire if you're not careful. In this way, they can deal with financial storms more calmly and minimize potential losses. "
The savings of elderly customers are not only an important financial support for their later life, but also the cornerstone of their lives. However, since elderly customers are susceptible to scams and greedy for small profits, it is important to pay extra attention to the safety and security of funds when trading funds.
Saving money for the elderly seems to be a compulsory course in life, but there are four key points in this course that must not be ignored. First, risk awareness. We are in a hot and cold world, and investment risks are everywhere.
Second, the shock of inflation. Money often depreciates faster than we think. Third, sound financial planning. The quality of life in the future should not be overlooked because of age.
Finally, asset protection. A sense of security comes from a foresight of the future. However, the above is only the tip of the iceberg, and the bank executive reminds that there is one more important content, but it is even more critical.
Want to know the secret? Then please follow the next sharing of ***, let's open a new chapter of elderly wealth management together!