Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This week's episode is aimed at young working adults, on the importance of having some kind of financial plan sooner rather than later, instead of waiting till they have a sizeable sum to invest. It is brought to you by HSBC: https://www.hsbc.com.sg/

BT's digital editor Chris Lim hosts Deepak Khanna, head of wealth products and journeys at HSBC, who explains the following:

1. Why HBSC’s FinFit survey shows that young working adults in Singapore aged 24-39 are weakest in their retirement planning (1:34)
2. How is portfolio rebalancing connected to retirement planning (2:45)
3. Are there tailor-made, personalised portfolios you can stress test against various market scenarios? (4:46)
4. Why a "small" portfolio size should not stop you from reviewing your portfolio annually (6:50)
5. Step-by-step guide for young adults to start meeting their future retirement needs early (8:15)
6. Those who scored high on HSBC's FinFit survey review their finances yearly (12:25)

Find out how FinFit you are from HSBC: https://www.hsbc.com.sg/finfit/

HSBC's financial planning tools: https://www.hsbc.com.sg/financial-planning/

HSBC's Wealth Portfolio Plus, a relationship manager-guided journey: https://www.hsbc.com.sg/wealth/investments/wealth-portfolio-plus/

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

Follow BT Money Hacks podcasts fortnightly on Mondays and rate us on:

Channel: http://bt.sg/btmoneyhacks

Apple Podcasts: http://bt.sg/oeXe

Spotify: http://bt.sg/oeGN

Google podcasts: http://bt.sg/oeGP

Website: http://bt.sg/moneyhacks

Feedback to: podcast@sph.com.sg

Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

---

Discover more BT podcast series:

BT Mark To Market Podcast on: http://bt.sg/btmark2mkt

WealthBT Podcast on: http://bt.sg/btwealthbt

BT Podcasts on: http://bt.sg/podcasts

See omnystudio.com/listener for privacy information.