• The Financial Issues of Aging

    by David Strege CFP® CFA CKA® Senior Financial Planner | May 16, 2023

    Show Notes

    Unfortunately, elderly individuals have become the target of many scam artists. Senior Financial Planner David Strege shares some ideas on how to assist older adults avoid being the target of financial scams as well as the importance of sharing financial information with a trusted family member or partner.

    • Cognitive decline associated with aging is inevitable.
    • This cognitive decline can impact financial decision-making abilities.
    • Advise any older adults in your life to choose a trusted family member, friend, or professional advisor to serve as a back-up person supporting their financial decisions. The goal of this person is to help prevent them from making bad financial decisions related to scams targeting the elderly.
    • Additionally, this trusted person can assist them if they become incapacitated. They can locate critical documents that outline any prepared directives for issues related to aging.

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    David Strege CFP® CFA CKA® Senior Financial Planner
    David Strege serves clients as a Senior CERTIFIED FINANCIAL PLANNER™ practitioner at Syverson Strege in West Des Moines, helping individuals and families lay out an integrated personal financial plan to efficiently get them from where they are to where they want to be. He also serves on the investment committee and is chairman of the board of directors. David earned a B.S.B.A. in Finance with a concentration in personal financial planning from Drake University. He earned his CFP® certification in 1982 and in 2008 served as Chairman of the Board of Directors for the U.S.A. Certified Financial Planner Board of Standards Inc. In 1987 he received the Chartered Financial Analyst® certification to better assist clients with their investment portfolios. He earned the Certified Kingdom Advisor® designation in 2017. David served on the Board of Directors for the National Endowment for Financial Education® (NEFE®) for nine years and served as Chairman in 2018.

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