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Latest From Our Blog

Twin Traps: Financial Overconfidence During a Time of Cognitive Decline

We all know that our cognitive abilities tend to decline in our elder years (actually, age 60 on). But did you know we also tend to become overconfident in our financial knowledge and ability to make financial decisions at the same time? Does your retirement plan include steps to deal with this? Courtesy of researchers at the University of Missouri and Texas Tech University: Older Adults Have "Toxic Combination" of Lower Financial Literacy, Higher Self-Confidence COLUMBIA, Mo. – Previous studies have shown that as humans age, cognitive declines are inevitable. Now, a recent study by researchers at the University of Missouri and Texas Tech University has confirmed that this cognitive decline extends into financial literacy. The researchers also found that older individuals retain a strong sense of self-confidence, which could add to the problem, leading to significant mistakes when making financial decisions.

Aging Estate Matters

Keeping Mom and Dad Safe at Home

Generally, elderly parents want to remain living in their own home. However, remaining in the home becomes a concern when children see their parents slowing down, perhaps even having trouble with handling stairs and doing general daily activities. Yet, with parents' mental and physical health currently not creating problems, there seems to be no imminent need to search out support services or other accommodations for aging parents. This is the time to evaluate the home to make it safe and secure for your loved ones—now and in the near future—in anticipation of aging disabilities that may occur.

Aging Long Term Care