“Why Older Investors Make Bad Financial Decisions”
by Kelley Holland, CNBC
Death and taxes may be two certainties in life, but sadly, there is another. You are highly likely to become less capable of managing your money as you age.
Old age often comes with declining cognition, of course. And now, a study of elderly people over time has measured how even slight cognitive changes affect financial literacy and financial decision making. The results are sobering.