They say we get wiser as we get older, and that may be true. But let’s face it: Many new uncertainties and challenges can crop up as people get deeper into their golden years. Changes in physical health and issues with memory can mean you – or your elderly parents – might require new types of never-before-needed assistance.
For example, you might need guidance and help with basic day-to-day home tasks – from cleaning the house and climbing stairs to getting to the store for groceries. Likewise, there could be concerns to address with financial matters ranging from ensuring bills are paid to avoiding excessively risky investments to preventing scammers from stealing assets from you or your elderly loved ones.
- Relatively small home renovations can help you or your parents avoid having to move.
- Watch for warning signs of cognitive decline that could impact the ability to make prudent financial decisions.
- Loneliness can create as many problems for seniors as actual diagnosed health issues.
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Other notes and risk warnings
This article is distributed for educational purposes only and must not be considered to be investment advice or an offer of any security for sale. The reference to any products is made only to make educational points and must, in no circumstances, be deemed to be any form of product recommendation.
This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed.
It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.
Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.
Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.