WHAT TO DO WHEN I GET STUPID: A Radically Safe Approach to a Difficult Financial Era

Recent research by well-known behavioral economists suggests that our ability to make good financial decisions peaks at about age 53 and declines thereafter at an increasing rate. What to Do When I Get Stupid documents this inevitable decline in cognitive ability and explains how we can protect ourselves and our lifetime income from irrational decisions we may make in the future. Written by Professor Lewis Mandell, a well-known behavioral economist who is recognized as a founder of the field of financial literacy, this book answers the following questions that are important to all people over the age of 53 (and their children). - What problems do we cause for ourselves when our financial abilities decline? - How can we live on little more than our Social Security Income? - Why may a fully-paid, age-in-place home be our best investment? - How can a simple annuity guarantee us a cash flow of 7% for life? - How can we best protect ourselves against possible inflation that may begin in the next few years? - Why may long-term care insurance be a waste of money? - When and how can we use a reverse mortgage to provide lifetime income? - How can a balanced portfolio be wrong for us? - Are financial advisors worth their cut of our earnings? - Is there a way to make sure that we will have money until the end? Professor Mandell has been recognized as an outstanding teacher and writer who clearly explains even the most difficult financial and economic topics.