Skip to content

Financial Confidence

How To Protect Aging Parents’ Money As Financial Confidence Goes Up But Financial Competence Goes Down

Here’s a disturbing reality highlighted in today’s article: “As our ability to make sound financial decisions decreases with age, our self-confidence in this area actually increases.” So what steps can both adult children and their parents take to protect the latter from making bad financial decisions (including becoming the victims of fraud) as a result of them being unaware of… 

CLICK HERE »How To Protect Aging Parents’ Money As Financial Confidence Goes Up But Financial Competence Goes Down

Retirement Planning: Think About Cognitive Decline

When it comes to retirement planning have you given sufficient cogitation to your cognitive abilities down the road? Today’s article highlights a disturbing finding in this regard: “financial literacy tends to decline by about 1% per year after age sixty, but financial confidence remains the same.” As such, the author cautions that “with retirement, it is important to consider how… 

CLICK HERE »Retirement Planning: Think About Cognitive Decline