I get stuff like this all the time, remembering completely trivial, unimportant things from years ago, and forgetting important, pertinent things. I do know a lot, as I spend most of my free time learning, but I am only 20. Although, I do have a schizophrenia spectrum disorder, and a multitude of other mental problems, so it's more likely not because I know too much.
In any case, I don't buy the "knowing too much" theory. I think it's pretty well known that as people age, telomeres shorten and the body becomes less and less capable of performing functions up to standard. That makes a lot more sense for this phenomenon than people simply knowing too many things. As we already know, the brain is not like a hard drive or ROM that can just fill up, or be easily erased.