mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
As the son of an Alzheimer's patient, I guess I should somehow factor this into my plans but I'm not sure how to do it. I have advised DW that if I happen to go off the deep end to exchange all of my tax favored funds to 100% into the Vanguard 2020 fund as she has no investment ability (so she says) even tho she has 3 university degrees.
2-major-barriers-to-your-retirement-plans: Personal Finance News from Yahoo! Finance
"Alzheimer's disease is the largest thief of retirement" said Chris Cooper, president of Chris Cooper & Company, Inc. and ElderCare Advocates, Inc. "It is a slowly progressing disease, leaving the person oftentimes with good physical health and less mental faculties to use this good physical health."
Americans are often diagnosed with Alzheimer's in their late 60s and 70s, but it can and does occur earlier. And, Cooper said, many Americans fail to plan for the disease. "When confronted with the diagnosis, families often scramble for information and begin to engage in different forms of 'quackery,'" said Cooper, who is a former president of the Ohio Council of the Alzheimer's Association and whose maternal grandmother had Alzheimer's disease.
To Cooper, the quackery usually takes three forms: medical, financial and legal. People might pursue medical treatments that have not been proven to work, and many times are harmful, he said. And they might try to do things with legal and financial instruments, he said, "all in the name of 'fear of running out of money' and 'the only way to get the government to pay for my parent's nursing-home care.'"
2-major-barriers-to-your-retirement-plans: Personal Finance News from Yahoo! Finance