In this conversation, Tom, Brian & Meg discuss the critical issues surrounding cognitive decline and financial planning as individuals age. They emphasize the importance of proactive communication with family members about financial decisions, the necessity of having a trust and power of attorney, and the growing need for long-term care. The Annuity FYI team provides practical advice on preparing for these challenges, including creating checklists and utilizing technology like AI for better planning.If you'd like to submit a question to us, please comment. We'd love to explore it in our upcoming episodes! 👻 See our October Annuity Top Picks here:    • October Top Annuity Picks with Brian Hamli...  📰 Find more resources at: https://www.annuityfyi.com/Chapters00:00 Celebrating Milestones and Light Banter00:15 Introduction to Cognitive Decline and Financial Safeguards02:51 Understanding Cognitive Decline: Causes and Conversations05:28 The Importance of Planning for Long-Term Care07:36 Insurance and Financial Preparedness for Aging10:26 The Role of Trusts and Power of Attorney13:32 Proactive Planning: Ensuring Family Security16:32 Key Takeaways and Final Thoughts#CognitiveHealth #AgingWell #RetirementReadiness #AgingAndFinance #RetirementPlanning #FinancialSecurity #WealthManagement
