Baby Boomers’ Biggest Financial Risk: Cognitive Decline (The Wall Street Journal):
For baby boomers who manage their own nest eggs, a risk is looming that has nothing to do with stock prices or interest rates.
The risk is cognitive decline, which can rob them of their judgment, often without much warning. One big mistake—or a series of smaller ones—can go unnoticed by loved ones, and potentially ravage a lifetime of hard-earned savings. [Read more…] about Debate: What is the role of financial advisors and platforms in detecting and addressing cognitive decline among older clients?