# Dave Ramsey's Father Still Trades Stocks

> 77-year-old Dave Ramsey father trades single stocks despite dementia diagnosis.
- Title: Dave Ramsey's Father Still Trades Stocks · 24/7 Wall St.
- Summary: 77-year-old Dave Ramsey father trades single stocks despite dementia diagnosis. Dave Ramsey's 77-year-old father continues day trading single stocks at…
- Keywords: dave ramsey, schwab, dementia, day trading, single stocks, financial decisions, power of attorney, financial exploitation, Dave, Ramsey's, Father, Still
- Source: 24/7 Wall St. — https://247wallst.com/personal-finance/2026/10/13/dont-even-call-them-because-its-going-to-flag-him-as-having-dementia-dave-ramsey-callers-77-year-old-father-is-still-day-trading-single-stocks-at-schwab
- Author: Jake FitzGerald
- Published: 2026-10-14T03:06:22+00:00
- Read time: 1 min
- Topics: dave ramsey, schwab, dementia, day trading, single stocks, financial decisions, power of attorney, financial exploitation
## Family Tax Advisor's Warning
Family tax advisor told client to stay silent with Schwab to avoid flagging father as having dementia.

> Don’t even call them because it’s going to flag him as having dementia
## Father's Trading Activity
77-year-old father with dementia diagnosis still trades single stocks at Schwab account.
## Financial Risk Exposure
Father has access to $1.5 million in investable assets with mother in cancer remission.
## Legal Protection Status
Family lacks legal authority until court confirms medical incompetence for financial decisions.

> until then, people are allowed to do dumb things
## Temporary Trading Holds
Schwab can place temporary holds on trades for up to 55 business days if financial exploitation suspected.
## Sandbox Trading Strategy
Limit father's trading to $100,000 to cap potential $450,000 loss from 30% market drop.
## Four Moves to Protect Assets
Put POA on file with Schwab, name trusted contacts, build sandbox, get medical record in order.
## What Happens Next
Family must act quickly to set trading limits before next market downturn.
## Key takeaway

Dave Ramsey's 77-year-old father continues day trading single stocks at Schwab despite dementia diagnosis, risking $450,000 loss if market drops 30%.