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Even financially astute adults can lose their edge with age. Without the right safeguards, this gradual decline can undermine a lifetime of planning.

As Americans age, a quiet but serious threat emerges that can jeopardize decades of careful financial planning: declining financial literacy. Research shows that this progressive drop in the ability to understand and manage financial matters affects most older adults, even those without dementia, putting their hard-earned savings and financial security at substantial risk. If you have a loved…