Barry M. Kornfeld is the co-principal of First Financial Tax Group, a firm offering an individually tailored approach to financial retirement planning. As a financial advisor, he enlightens pre and post retirees about a safer income alternative known as Co-Lending Opportunities (CLO’s), which were previously known as first position commercial mortgage notes. They offer 6% annual interest, which is paid out monthly, and they are only for 9-month terms. Outside of work, Barry Kornfeld’s interests include the psychology of aging.
The American Psychological Association notes that the fastest growing segment of the United States population is of people who are 65 years and older. While the majority of older adults have good mental health, it is projected that the number of older adults with behavioral and health will significantly increase to 15 million by the year 2030.
Psychologists have been playing a significant role in treating older adults with mental issues such as anxiety and depression. A field in psychology, Geropsychology, is dedicated to studying aging and providing clinical care for older adults. They perform research in an effort to gain a deeper understanding of the normal aging process and develop interventions to help older adults deal with their mental health issues and live a fuller life in their later years.