5 Precautions to Take with Elderly Clients

LifeHealthPro.com - A recent study conducted at Texas Tech University found that after the age of 60, financial decision-making ability drops about 2 percent every year; it’s just a normal product of aging. As you approach age 80, a gap begins to grow between reality and perception. I see a lot of 80-year-olds who come into my office, 100 percent confident in their decision-making capabilities because they were a financial wizard in their hay day.

Working with senior citizens requires special attention that planners must be prepared for, both in order to protect themselves and to serve their clients effectively.

...

A recent study conducted at Texas Tech University found that after the age of 60, financial decision-making ability drops about 2 percent every year; it’s just a normal product of aging. As you approach age 80, a gap begins to grow between reality and perception. I see a lot of 80-year-olds who come into my office, 100 percent confident in their decision-making capabilities because they were a financial wizard in their hay day.

Read the rest of the story at LifeHealthPro.com