How to talk to your parents about their finances | Money Talks (ft. Saxo's Vera Lau)

Having the “money talk” with your parents can be daunting, especially when they’re reluctant to listen. But with housing assets, health costs and retirement planning at stake, these talks are critical. Vera Lau from Saxo shares what worked in her own experience and breaks down how to approach the conversation with empathy and respect. 01:36 When Vera realised her parents lacked financial planning 03:29 Vera's experience with financial hardship as a teen 06:38 Parents pushed through tough financial years 10:10 Convincing them to downsize their flat 12:16 Starting tough money talks with her mother-in-law 14:48 Her mother-in-law's financial breakthrough 16:55 Approaching the conversation with resistant parents 21:59 Where to invest ageing parents' money 24:00 What to do if they don't trust you with their money Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms:   / channelnewsasia     / channelnewsasia     / channelnewsasia