Dementia and Retirement Planning

Retirement planning is a major piece of life's puzzle. The need to plan meticulously has never been more urgent than today in light of the long recession and questions surrounding health care. Researchers predict a surge in the number of dementia cases starting next year in 2011. There are a number of reasons for the increase including an aging population, strokes and paralysis, medical accidents, and adult early onset Alzheimer's. We all hope for an active lifestyle after retiring, however dementia is something very few plan for. When meeting with a financial planner, it would be wise to discuss the possibility of diminished mental capability and its impact on finances. The journey towards retirement is a long and winding road that involves a great deal of homework. While none of us can predict what the future may hold, we all can take cautionary measures to make the most out of life.