Want to financially safeguard your kids and parents? Here's the plan

Couples having to take care of both kids and parents should buy adequate insurance and begin investing for long-term goals at earliest

The sandwich generation finds itself in a financial tight spot today, having to cater to the needs and aspirations of the spouse and the kids on the one hand, and ageing and financially dependent parents on the other. Besides trying to augment its income, this generation also needs careful financial planning so that every rupee earned is put to the best possible use.  

While salaries are rising in India, so is inflation. According to the latest Q3 2018 Salary Budget Planning Report released by Willis Towers Watson, salaries in India are projected to rise by 10 per cent in 2019. But