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Financial Competence

How To Protect Aging Parents’ Money As Financial Confidence Goes Up But Financial Competence Goes Down

Here’s a disturbing reality highlighted in today’s article: “As our ability to make sound financial decisions decreases with age, our self-confidence in this area actually increases.” So what steps can both adult children and their parents take to protect the latter from making bad financial decisions (including becoming the victims of fraud) as a result of them being unaware of…