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Oh no, I'm past my peak...
Old 09-09-2010, 03:09 PM   #1
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Oh no, I'm past my peak...

I know that I have been past my physical peak for a very LONG time, but at 55 I had not realized I had passed my financial-decision-making peak only 2 years ago.

Otherwise I might have had a party.


do-financial-decisions-get-better-with-age: Personal Finance News from Yahoo! Finance

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The silver lining is that as you age you become wiser and declining cognitive function, not age, is what eventually robs you of your financial decision making abilities. So what can you do to maintain, or perhaps even improve, your cognitive function? According to Dr. Jeffrey Toth, a psychology professor at the University of North Carolina at Wilmington and co-author of the study "Fluency, Familiarity, Aging, and the Illusion of Truth," there are a number of ways to maintain and possibly improve your cognitive function.
"Physical exercise, mental stimulation, diet, and social interaction can all help maintain your cognitive abilities," says Dr. Toth, "and of these four, physical exercise, especially aerobic exercise, appears to be the most important, with mental stimulation a close second, especially if that stimulation is truly novel and challenging."
I'm joking of course, as I know I am fitter and smarter than I've ever been
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Old 09-09-2010, 04:05 PM   #2
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I know that I have been past my physical peak for a very LONG time, but at 55 I had not realized I had passed my financial-decision-making peak only 2 years ago.
Oh-oh! Then a lot of the rest of us are in big trouble! 55 years old sounds pretty young to me.
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Old 09-09-2010, 04:12 PM   #3
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Like all these studies, who really knows? I think the underlying message is that as you grow older your cognitive processes will decline so you may want to think about simplifying your financial affairs a.l.a. unclemick. But when to do that? It's all in the timing
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Old 09-09-2010, 04:12 PM   #4
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I'm joking of course, as I know I am fitter and smarter than I've ever been
Face it Alan, you're a stud muffin

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Old 09-09-2010, 04:14 PM   #5
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I may buy a couple of small inflation-adjusted SPIAs for an 80th birthday present to myself, if I live that long. Now that would be simple.
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Old 09-09-2010, 04:19 PM   #6
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Face it Alan, you're a stud muffin

Thanks for reminding me - I'm also better looking than I ever used to be (who needs head hair anyway?)
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Old 09-09-2010, 04:20 PM   #7
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Thanks for reminding me - I'm also better looking than I ever used to be (who needs head hair anyway?)
No one's looking at the hair of a guy who's not wearing pants

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Old 09-09-2010, 04:23 PM   #8
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No one's looking at the hair of a guy who's not wearing pants

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Old 09-09-2010, 04:36 PM   #9
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Retirement is good for the body and mind. I think you're going to be just fine Alan.
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Old 09-09-2010, 04:36 PM   #10
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Ah, a peek at a peak.
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Old 09-09-2010, 04:40 PM   #11
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I really need to start working out, unless someone can find the study that shows that less physical exercise is good for us (I mean, if we can find studies that say heavy drinkers live longer....).
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Old 09-09-2010, 04:42 PM   #12
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Ah, a peek at a peak.
A few weeks ago we took a trip to the Peak district
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Old 09-09-2010, 05:46 PM   #13
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A few weeks ago we took a trip to the Peak district
Beautiful! The closest peak to my house is nicknamed, "the sleeping maiden," never mind why, not to be confused with Twin Peaks. Groan: I'm feeling peaked just thinking about hiking around those places.
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Old 09-09-2010, 06:06 PM   #14
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I really need to start working out, unless someone can find the study that shows that less physical exercise is good for us (I mean, if we can find studies that say heavy drinkers live longer....).

I just saw a wine glass today that said " I never exercise it may make me spill my drink ".
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Old 09-09-2010, 06:12 PM   #15
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My Mom is 94 and she is as sharp as she always was . She knows all her investments and beats me at completing the crossword .In fact she just decided she's getting a kindle . So Alan you have a long way to go . I was going to add unless your early years did you in but I'm Irish and your history looks kind of bland to me except for the smoking at 14 . We all waited until fifteen to sneak smokes in the alley .
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Old 09-09-2010, 07:00 PM   #16
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My Mom is 94 and she is as sharp as she always was . She knows all her investments and beats me at completing the crossword .In fact she just decided she's getting a kindle . So Alan you have a long way to go . I was going to add unless your early years did you in but I'm Irish and your history looks kind of bland to me except for the smoking at 14 . We all waited until fifteen to sneak smokes in the alley .


I think I'm in love with your Mom

While doing the "Cardio Challenge today I was jogging around with a 70 yr old lady who we have got to know this year at the gym. She is fantastically fit, smart and witty.
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Old 09-09-2010, 08:02 PM   #17
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(who needs head hair anyway?)
Yea, I hear that stuff just blocks the sun off the old solar panel anyways.
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