Arnaldo Rodgers is an educated Psychologist and works as a Elementary grade teacher and counselor. He is also editor of Veterans News Now and reports on all issues related to U.S. Veterans.

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Signs your aging parents need help managing their finances

Personal Finance

By Sarah Skidmore Sell

It’s inevitable. As we age, our bodies and our brains change, and not always like fine wine. Cognitive skills decline as part of the normal aging process and in turn, so do some of our financial management skills.

Research shows that financial decision-making peaks around age 53, and by age 60 our ability to process new information starts to slow. The shift happens at a different pace for everyone, and it can be accelerated by medical conditions such as Alzheimer’s and dementia. While some people are capable of managing their own finances throughout their lifetime, others may find their skills suffering.

The impact could be as benign as paying a utility bill twice, or something worse, like falling prey to a scam.

Read the Full Article at www.usatoday.com >>>>

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