Financial Planning and Alzheimers
I don’t believe that a month goes by without hearing about someone I know who is going through caring for or getting care for a parent, spouse or other loved one who is suffering from Alzheimers or dementia. You know, the phone call you get from a neighbor telling you that your parent is walking down the street crying, shouting or cursing.
For those of us (myself included) who are living through the decline of aging parents with Alzheimer’s or dementia-like neurological diseases, unfortunately this is a common occurence. In fact one time during the early stages of his dementia, my Father who was very disoriented thought that he was in a hotel in New York City when he was actually in the hospital near our home in Georgia!
Without preparation, families are caught flat-footed when they realize that their parent needs some kind of full time care. Many families in these circumstances are quickly thrown into emotional and potential financial crisis without any prior preparation.
That is why it is very important to try to evaluate the financial and impacts from Alzheimers and dementia ahead of time. Believe me, the emotional impacts will be hard enough to deal with…
Read this article and get more informed!
Jane Nowak is a Financial Planner with Kring Financial Management located in Atlanta, Ga. Jane’s practice focuses on Women’s Retirement Planning and Financial Planning for Women. Her articles have been published on line at NASDAQ, Financial Planning Association and Womenetics.com. Follow Jane on Twitter at: http://twitter.com/moneygal2020