Managing the financial risks of dementia
Planning resources for caregivers and their loved ones
Research shows
Cognitive decline affects millions and it can cost hundreds of thousands of dollars.
By 2040, an estimated 11.6 million Americans will live with cognitive decline, affecting nearly all families.
2019 Alzheimer’s disease facts and figures report from ALZ.org
80% of caregivers report some level of financial mismanagement in families affected by cognitive decline.
RBC Survey: Preparing for the expected, the financial impact of cognitive decline
The average nursing home stay is 5 years for a patient with Alzheimer’s—with an estimated $450,000 price tag.
Genworth Cost of Care Survey, 2019
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Insights for cognitive decline
Managing the financial risks of dementia and cognitive decline
More than 16 million Americans provide unpaid caregiving to someone with dementia, and that number will only continue to increase.
Read more
The cost of caregiving falls disproportionately on women
Women tend to be the primary caregivers for aging parents and spouses. Nearly two-thirds of dementia caregivers in the United States are female.
Read more
The impact of cognitive decline on the Sandwich Generation
A new study found the cost of care and disruption to careers can cost caregivers in the Sandwich Generation up to $750,000.
Read moreFour financial warning signs of dementia
How can you tell if someone is suffering from dementia? Here are four warning signs that can signal diminishing capacity.
What the rise of dementia may mean for your financial future
If you or a loved one is diagnosed with any form of dementia, the financial stakes are high.
Taking a stand against dementia, the silent killer of retirement dreams
A dementia diagnosis can have a devastating impact on financial stability.
Dementia: How I lost my life savings
Nancy Carlson's life took an unexpected turn when her husband of 30 years started making a series of bad financial decisions.
Why a power of attorney should be part of your retirement plans
A power of attorney is an integral part of your financial future. Find out what makes their role so important to your financial affairs.
How to protect your aging parents from financial missteps
While the potential for fraud or age-related diseases can’t be eliminated, start the conversation now with your parents to mitigate the impact.
Helping the Sandwich Generation balance health care needs for their global family
Navigating health care, either in-person or online, can be a challenge for many families. Learn about preparing for health care today—and tomorrow.
How to pay for long-term care in a health crisis
It may be essential to plan for unexpected health crisis’s in order to protect the assets of parents and their adult children.
Protecting the elderly from financial abuse
With the growing wave of Baby Boomers moving into retirement with significant assets, the potential for financial abuse is rising.
Why fighting financial fraud isn’t just business for me, it’s personal
Financial advisors can hold a special place in a family’s life. They’re also in a unique position to identify a cause for concern.
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