Author Topic: The biggest threat to your investments  (Read 1488 times)

dungoofed

  • Pencil Stache
  • ****
  • Posts: 661
The biggest threat to your investments
« on: April 27, 2015, 06:48:58 PM »
www.nytimes.com/2015/04/25/your-money/as-cognitivity-slips-financial-skills-are-often-the-first-to-go.html?&_r=0

Quote
At 80 years old, he married a woman 17 years his junior, who, over their three-year union, according to the family, cashed $40,000 in blank checks sent by his credit-card issuer and emptied the contents of his $123,000 annuity, leaving him with little more than a giant tax bill.

Mr. Taylor, a former diesel mechanic and Korean War veteran, gave his wife permission to make two annuity withdrawals over the phone. But his wife, who couldnít be reached for comment, made 20 more withdrawals on her own by using her husbandís Social Security number and other identifying information, and signing papers to direct money into a joint account, according to documents provided by Ms. Clark.

Doesn't sound like "financial skills" are the only thing affected by poor judgment as one ages. Poor guy.

mohawkbrah

  • Bristles
  • ***
  • Posts: 272
  • Age: 24
  • Location: Herefordshire, UK
  • every day they see me hustling those pennies away
Re: The biggest threat to your investments
« Reply #1 on: April 29, 2015, 03:53:51 AM »
married a gold digger




i guess you could say...

















he dungoofed






















YEAAAAAAAAAAAHHHHHHHHHH!!!!!!!!!!!!!!!!!