Help Aging Parents–Finances: Smart Elders, Costly Errors

“The latest research on why even smart investors
fall prey to financial predators”
(WSJ)

“Finances and the Aging Brain,” a March 28th article in the Wall Street Journal, is personally sobering. We not only need to have concern about our aging parents’ financial judgment, it would appear that Boomers and those older need to digest this article also.

The easy-to-read, interesting article (link below), featuring research from a Yale University neuroscientist, suggests the reasons why “highly intelligent retirees—even those with no signs of dementia—find it harder to distinguish safe investments from risky ones. Compared with younger investors, those over the age of 65 ‘showed striking and costly inconsistencies’ in their financial behavior, according to a study of 135 subjects led by Ifat Levy, a neuroscientist who has conducted experiments on this topic.”

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(While I can only count on writing a post once a week for the time being, I will try to highlight certain articles of interest before placing their link in the “Of Current Interest” column in the sidebar at right.)

RELATED: WSJ 3/28/14  

Changing often: “Of Current Interest” (right sidebar). Links to timely information and research from top universities, plus some fun stuff–to help parents age well.
*****

3/26/14 Help! Aging Parents was again nominated for a blog award. Click the top gold badge (right sidebar) to vote and view all senior living categories. Deadline 4/28/14

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