November 1, 2010

Dementia and Money Problems

The Vanishing Mind: Money Woes Can Be Early Clue to Alzheimer's
By GINA KOLATA

"New research shows that one of the first signs of impending dementia is an inability to understand money and credit, contracts and agreements."

This NY Times article, although geared to financial planners, has a clear message for family members-- the need to plan for possible mental deterioration due to aging. The message is clear: we need to watch out for signs of dementia with our parents and grandparents and have a plan in place to address the problem. For those of us without children-- who will watch out for our needs as we age?
http://www.nytimes.com/2010/10/31/health/healthspecial/31finances.html?pagewanted=1&_r=1&emc=eta1

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