Having children accompany their parents to meetings with financial advisors to discuss long-term planning prior to any decline in mental abilities is one strategy for anticipating and dealing with the potential issue.
Estimated reading time: 0 minutes, 25 seconds
How to Handle Investors’ Cognitive Declines
Investors suffering from cognitive decline often become over-confident, which can make it difficult to convince them to get help with their finances. The best strategy is to take action before clients’ mental acuity weakens. So reports U.S. News & World Report.
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