Duration: 4:01
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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Finance Moment…Syverson Strege’s mini-podcasts to provide rapid-fire information on financial topics of the day.
