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financial literacy Archives - Sharkey, Howes & Javer

The Aging Brain and Decision Making

By | Investing, SH&J Blog, Tips | No Comments

Regardless of age, we all have moments when we walk into a room and forget what we were looking for or start a sentence and forget what we were going to say. However, as we get older and these occurrences perhaps become more frequent, it is important to consider how our aging brain may be impacting other areas of our lives.

In 2015, the Center for Retirement Research at Boston College released a report on how a decline in cognitive skills affects financial decision making. The study conducted an annual review of a group of aging individuals’ financial literacy or knowledge, confidence in making financial decisions, and level of responsibility for managing their finances.

The study found that while a decline in cognition lead to a significant decline in financial literacy, it did not reduce individuals’ confidence in their ability to manage their finances. As a result, many individuals maintained primary responsibility over their finances despite a decline in their ability.

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Take Eileen Sharkey’s Financial Literacy Course

By | Eileen Sharkey, Planners, SH&J Blog, Videos | No Comments

Sharkey, Howes & Javer Eileen Sharkey

Each year, Eileen teaches an interesting eight part financial literacy course to groups here in Denver. The course is well attended and very informative for those who attend. We know not everyone can be there in person, but wanted all of you to have access to the wealth of information provided throughout this class, so we recently videoed the class and posted it online for viewing. Each part of the eight part series is about 45 minutes to an hour long and well worth the time.

We encourage all of our clients, their children and their friends to take the time to ‘attend’ Eileen’s class via our website. If you complete all 8 sessions, please email us to let us know so we can congratulate you with a Certificate of Completion.

Click here to be taken to the series or watch part one of the series below.